This PR from NBET seems like deja vu. Don't you folks find it suspicious at all?
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Tuesday June 30, 6:50 pm Eastern Time
Company Press Release
Agreement for Asian Sports Betting and Casino Games
LAS VEGAS--(BUSINESS WIRE)--June 30, 1998--Netbet Inc. (OTCBB:NBET - news; the ''Company'') Tuesday announced that it has been informed by CSP Ltd. (Casinos of the South Pacific or ''COSP'') that COSP has entered into an Agreement with an Asian company, Shanina Investments (''SI'').
COSP is an offshore on-line Internet casino located in the Cook Islands. Netbet has an exclusive Agreement with COSP whereby Netbet receives 80% of COSP's net revenue in return for Netbet supplying technology, marketing and financial consulting to COSP.
SI has developed a sports betting program for Asian baseball games and has under development sports betting programs for Asian Sumo wrestling matches and Asian soccer games. SI's sports betting program is currently being installed at COSP's Internet site in the Cook Islands. In addition, SI, under the terms of the Agreement, is to complete translation and installation of Asian language versions of COSP's existing Internet-based casino games. They will also market and promote these Asian games in selected Asian regions.
The terms of the Agreement between COSP and SI include a 50/50 sharing of net revenues and a marketing/technology interchange.
Don Wright, chairman of Netbet stated: ''The Agreement between COSP and SI is consistent with COSP's focus on Asian markets and is expected to yield significant future revenues to our company through our 80% net revenue sharing Agreement with COSP.''
Netbet develops and licenses Internet technology. The company has an exclusive revenue sharing Agreement with an offshore, on-line casino, Casinos of the South Pacific (www.cosp.com), for 80% of the COSP net revenue. The company provides technology, games and assistance in marketing to its licensees.
For additional information call Pat Charles or Jim Brewer at 800/549-6546.
Netbet is an OTC BB quoted company. Some statements in this news release are forward looking and are subject to certain risks and uncertainties. These risks and uncertainties include but are not limited to economic conditions, changes in laws or regulations, demand for products and services of the company and the effects of competition. These risks and uncertainties could significantly affect anticipated results in the future and actual results may differ materially from any forward looking statements.
Contact:
Netbet Inc.
Pat Charles or Jim Brewer, 800/549-6546
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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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Welcome to the world of Internet Gaming. It combines the two most exciting industries on the planet into one unique opportunity. The Internet is the fastest growing industry and gaming is the most profitable segment within this undustry. Together they create a new adventure filled with excitement, fun and profits.
I want to introduce you to this new concept and the opportunities it presents. You may find that you want to take a closer look at what it has to offer.
Now , Cyberwin, Inc. is taking the lead in developing the software, security and transaction techniques that make Internet gaming simple, fun and sage. Cyberwin has reached an agreement with Casinos of the South Pacific, an internet gaming company in the Cook Islands, to provide certain financial assistance and technical consulting services for Casinos of the South Pacific gaming facility, whereby Cyberwin will receive 80% of the net revenues generated by the gaming facility at URL address ck.cosp.com. Cyberwin, Inc. now announces the First Million Dollar Internet Lottery Jackpot Being Funded.
You will be able to sit at home and play a slot machine at a site in the South Pacific or play blackjack, poker and other games with a matter of only a few keystrokes... at your convenience, 24 hours a day 365 days a year.
So sit back and enjoy this little journey. If you have any questions we'll be happy to assist you in any way we can.
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