Hey Fli-by,
I received the following from Tom Hughes regarding his background:
"As requested, my background in the 70's after graduating from Boston University with a BA, was in the fields of advertising agency work, marketing, and sales.
I live in Rancho Palos Verdes, California, and in the 80's, I was an
agent for and later managed B actor's, which then led me to forming ad hoc networks of television stations where my staff and I traded B films with no prior cable or tv exposure in return for advertising time. Clearing stations from NYC to Raleigh,NC, we would then sell the time as an ad hoc network.
During this period, I learned about the coming small Direct Broadcast satellite dishes and realized that if a customer could pay cash for a program the same day of the satellite feed, then the customer could in effect go back to being a non addressable DBS home.
By 1992, I had formed a company, ET&T, to pursue this and soon realized from a banking associate that the banks had created the vehicle required for same day non reversible cash transactions called the ATM card with PIN.
The missing element was a user friendly terminal that would be marketed by the utility, mortgage,insurance, direct response, and publishing industries as a home device for bill payment by ATM card and PIN.
Include a printed receipt per transaction and the additional safety and convenience of the consumer being able to insert their credit card into the terminal and pay electronically.... then you would have a personal encrypted remote financial electronic card transaction, a PERFECT transaction.
In fits and starts, sometimes with no money for months, I have raised and spent over $1 million dollars hiring electrical engineers, software developers, hardware developers and many others designing the Pay Master and developing the bank Host processing center to pursue this new industry. The still to be developed Pocket Pay and SLICK will address the needs of the wireless and internet PERFECT transaction respectively.
When the first consumer uses the Pay Master to effect the first Shop
While You Wait, or bill payment, or Betting Inc. transaction later this month, then the multi-trillion dollar global PERFECT industry, which pays its investor participants on a second by second fee generated no accounts receivables transactional basis, will begin.
Take care.
Tom"
Fli-by,
I am glad that you requested information on Tom Hughes background. It will give Betting Inc. shareholders a better understanding of how Tom thinks. Right now he is the motivation behind the company. Go BETT!! Scoobey |
