Friday June 5, 8:59 am Eastern Time
Company Press Release
Winners Internet Network Signs a Letter of Intent With
Interbet Corporation
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 5, 1998-- David Skinner, Jr., President of
Winners Internet Network, Inc. (WINR) (OTC-Bulletin Board: WINR) announced today the
signing of a Letter of Intent with Interbet Corporation (Interbet). With the signing of this Agreement,
Interbet will be utilizing the WINR Internet Gaming Financial Structure allowing Interbet to accept
play Worldwide from customers using multi- currency. Additionally, with the signing of this
Agreement, it is believed that this contract, between the Licensing Price and the Processing Fees,
will generate income of $500,000 to $600,000 per year for WINR.
Interbet Corporation is a company that developed its own Casino software package and can be
found at the address of www.interbetcasino.com on the Internet. This company plans to become
fully operational by mid July 1998 which coincides with the WINR package which is projected to
also become fully operational at the beginning of July 1998.
WINR is a pioneer in developing a Global Gaming Payout System which they feel will revolutionize
both the Internet Casino and the International SportsBook method of payout. Once on WINR'S
System, a player will be able to track a full accounting of wins and losses at each licensed site.
WINR intends to work closely with all Government Host Sites insuring adherence to all
International Gaming Laws and Regulations.
Contact:
Winners Internet Network, Inc.
Sandy Varney, David Skinner, Jr.
800/358-4242
or
Columbia Financial Group, Inc.
888/301-6271 |
