Not a lot to go on, but I just found this:
Monday July 27, 8:33 am Eastern Time
Company Press Release
SOURCE: You Bet International, Inc.
You Bet International Statement
LOS ANGELES, July 27 /PRNewswire/ -- You Bet International, Inc. (OTC Bulletin Board: UBET - news) today issued the following statement in response to numerous inquiries that the company has received relating to the U.S. Senate's recent vote on internet gaming:
"We have always been and remain in full compliance with all state and federal laws. We welcome any legislation that lends clarification to the entire unregulated internet gaming area and that strengthens our position. You Bet International is not an Internet gaming company. We use a closed loop system, operating in a regulated and licensed environment, into which have been built extreme safeguards for preventing use by unauthorized people who are not approved members.
We will continue to grow our business with the goal of becoming the largest private interactive horse racing network in the world providing to our members the ability to see, hear, and participate in pari-mutual horse wagering in the United States and overseas safely, securely and legally through the personal computer. You Bet continues to move ahead to add members and value-added content and to expand its business both domestically and internationally."
You Bet International, Inc. is a Los Angeles-based interactive technology company that facilitates online broadcasting of live events and is focused on content development, network deployment and management services via a cross- platform environment. The company's objective is to be the premiere technology and service provider for interactive wagering worldwide, and to create a widely accessible interactive race and sports environment, filled with varied and exciting content. You Bet International, Inc. has developed and deployed the world's first personal computer-based wagering platform and transaction processing software. The company just launched its public release in June 1998. For further information, visit youbet.com or contact Jeff Lloyd/Tom Ekman at (310) 788-2850. |
