Thursday July 9, 9:00 am Eastern Time
Company Press Release
Winners Internet Launches the Winners Debit Card
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 9, 1998--David Skinner, Jr., president of
Winners Internet Network Inc. (OTC BB:WINR), announced today the launching of the Winners
Debit Card.
The WINR Debit Card will be accepted at over 250,000 locations in 17 countries worldwide.
Cyberlink Monetary System Trust will be providing the Debit Cards that will be used by WINR's
customers. Unrelated to WINR the Cyberlink Trust will also be issuing a Debit Card to be used by
other vendors in non-related gaming businesses and by shoppers worldwide. WINR will be the only
company issued the exclusive card for use in the legal Internet gaming business worldwide. ''Having
the Winners Debit Card available for our customers is a big plus in providing a player with the ease
to withdraw any of his winnings. A player will be able to withdraw any of his winnings by certified
funds, bank transfers or other related forms of payment or he can use the WINR's card at any
location with the same ease as any other charge card,'' says Skinner.
''Here at Winners Internet, we have developed a Global Gaming Pay Out System, which we feel
will revolutionize both the Internet Casino and International Sports Book method of pay out. A
player will have the ease of getting on-line, going to our web site (www.winr.net) and choosing a
casino of his choice, to play. With our relationship with the Cyberlink Monetary System Trust, we
will have the ability to present winners throughout the world in eight languages, including German,
French, Japanese, Chinese, Italian, Spanish, Russian and English. 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. Our system can immediately adhere to any laws throughout the world concerning
Internet gaming as we are monitoring very closely all legislative developments in this regard. Internet
gaming is a worldwide business that can be managed and interfaced by utilization of our system with
all host government sites to adhere to any and all regulations.''
The worldwide gaming industry is estimated at $500 billion annually. There are currently over 55
Internet Gaming sites in operation with an annual volume of approximately $100,000 million, a
relatively small part of the total gambling industry. It is estimated that legal Internet gaming could
reach $10 billion within 5 years. ''With WINR's secure, credible, and reliable system operational,
we feel that we will be able to capitalize on a vast portion of the industry.''
As previously announced, we feel that our total system will be fully operational in the latter part of
August, of this year. At that time we will begin facilitating all of our pending contracts. Over the next
12 months we value these agreements at 10-15 million dollars. At present we are under negotiations
with several other groups concerning our services, and are waiting to see the system in full operation
next month.
Over the past weeks our office has been deluged with questions from shareholders regarding all
aspects of the business operations including what is considered by our legal department releasing
proprietary information regarding our system that cannot be divulged until such time as we officially
begin our processing. As everyone must be aware, the system developed by Winners has many
trade secrets, including the method of processing all of the transactions. Not only from the
standpoint of our ability to offer secure transactions over the Internet, but also the worldwide
banking structure that has been developed in connection with Global Gaming Link System and the
Cyberlink Trust in Liechtenstein. We have found that when we attempt to answer questions one on
one there is too much of an opportunity to be misquoted and we cannot release any information to
one without it being shared with all shareholders by official public release statements. We have been
generating public releases as quickly as possible and our valuable resource at the present is time.
We are extremely busy in both the U.S. and Europe making all the vital connections and interfaces
necessary to meet our time schedules. We regret that we are unable to answer every question, but
we must adhere to the legal advice in all of these areas especially since our success depends upon
the full international cooperation and consideration of all laws both in the U.S. and other areas of the
world.
Contact:
Columbia Financial Group Inc., 888/301-6271 |
