Patrick "Pat" F. Charles (Coast Northwest, Inc) Message Board

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Non-Tech : Patrick "Pat" F. Charles (Coast Northwest, Inc)

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To: Milk who wrote (1)	7/10/1998 2:53:00 PM
From: Milk	Read Replies (1) of 7

Here is another one - TPNN (not trading anymore). Note the phone numbers at the bottom of this PR - the same as Cyberwin's. ------------------------------------------------------------------- NEWS RELEASE FIRST MILLION DOLLAR INTERNET LOTTERY JACKPOT BEING FUNDED Rarotonga, Cook Islands - February 26, 1997 - Torrey Pines Nevada, Inc. (OTC BB: TPNN) is pleased to announce that it has entered into a preliminary agreement to secure $3.6 million in debt financing. The proposed financing is scheduled to close on March 5, 1997. Torrey Pines is in the gambling and entertainment business, and holds a contract with one of the world's first Internet gaming and entertainment comapanies, Casinos of the South Pacific, to receive 80% of the net revenues from the Internet gaming and entertainment site at ck.cosp.com, located in the Cook Islands and managed by Casinos of the South Pacific. Torrey Pines and its affiliate have invested more than $1 million in the development of this gaming and entertainment site. The proposed financing will enable Torrey Pines to accelerate the development program and projected startup date for the Internet casino. The play-for-fun casino site at www.cosp.com has received over 25 million hits in the past year with no money spent on marketing. With this much interest in Internet gaming and now armed with a marketing budget, Torrey Pines believes it could receive over 100 million hits in its first year. A portion of the proposed financing will be used to develop and market one of the world's first Internet Lotterries expected to be on-line in 1997. The first Jackpot is expected to be U.S. $1 million. Torrey Pines recently announced (Business Wire, February 10, 1997) the signing of an exclusive agreement by Casinos of the South Pacific with a privately held European credit card processing company to expedite the clearing of major credit card transactions worldwide for tis Internet gsaming and entertainment activities. For more information contact one of our representatives toll free at 1-888-752-9294 or 602-443-1286. TORREY PINES NEVADA, INC. (OTC BB: TPNN)

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