Thanks, Kevin ... I pulled this from Yahoo finance. Wonder
if the "software" comes from Winner's Internet Network (WINR).
They have a system that does exactly what is described !!!
Or perhaps this secured intranet is running the WINR software.
Either way, ISWI and WINR could benefit greatly.
ISWI has redeemed themselves, at least for the moment.
Regards and thanks again,
Dan
======================================================
Wednesday September 23, 9:25 am Eastern Time
Company Press Release
SOURCE: International Sports Wagering Inc.
International Sports Wagering Inc. Announces System for Home Wagering in Nevada
LITTLE FALLS, N.J., Sept. 23 /PRNewswire/ -- International Sports Wagering Inc. (Nasdaq: ISWI - news) announced today that it has developed a version of its SportXction(TM) sports wagering system that may be used for betting from home utilizing a PC and modem. This system is designed for use for legal sports wagering from home in the State of Nevada. The system was designed to run on a third-party secure Intranet that identifies the players, assures that they are qualified to wager and that they are placing their wagers from within Nevada.
The system is being demonstrated at the World Gaming Congress in Las Vegas, Nevada on September 23, 24, and 25. The system has not yet been approved for use in Nevada, and cannot be introduced for service until such approval is obtained from the Nevada State Gaming Control Board. The Company anticipates that the system will be submitted for approval to the Gaming Control Board shortly and hopes to have live money trials during this football season.
The Company believes that this system, when fully implemented, as anticipated later this year, will be the first system which will allow account wagering from home PC's in Nevada. The Company estimates that in Nevada there are currently approximately 70,000 wagering accounts.
The Company has designed and developed the SportXction(TM) sports wagering system, an interactive, proprietary, PC-based computer system that enables users to wager during the course of a sporting event. The system accepts bets not only on the outcome of a sporting event but also on discrete parts of the event and on specific game situations, such as will a team get a first down, will a batter get on base, or will a player make two foul shots. The system is unique in that it permits viewing a sports contest and simultaneously wagering while game situations are in progress. The system is currently operating in several Nevada casinos.
This press release contain ''forward-looking statements'' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including but not limited to whether the new version of the system will be submitted to the Nevada State Gaming Control Board when anticipated; whether it will receive Nevada State Gaming Control Board approval; whether the Company will obtain rights to utilize a third-party secure Intranet; and whether adaptation of the system for use from home will result in a marketable product. Investors are cautioned that these statements involve risks and uncertainties. Additional risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission, including its Form 10-QSB for the quarter ended June 30, 1998, its Form 10-KSB for the year ended September 30, 1997, and its Registration Statement relating to its initial public offering.
====================================================== |
