MAY INVESTOR NEWSLETTER :
The PlayStar Investor First Issue - May 7, 1999
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Welcome all PlayStar Investors!
We are sure you will find our new twice monthly newsletter,
the PlayStar Investor, enjoyable, informative, and a nice
change of pace from what one investor referred to as "The
Dark Ages"!
As many of you already know, PlayStar's new CEO, Stuart
Brazier, is working aggressively to push this company ahead
of the pack, and bring up what we all believe is a very
undervalued stock. The anticipated launch of the
QuickConnect Associate and Master Associate licensing
programs is one major step in that direction. Stuart's
efforts to open the lines of communications between
PlayStar and its investors, have also brought about
this newsletter.
Significant progress is also being made in the area of
casino marketing and web site re-vamping. Good news all
around, and more details are available in this newsletter
as well as PlayStar's casino newsletter "Players' Edge"
- if you haven't subscribed to it yet, you can do so by
sending a blank email to playersedge-subscribe@antigua.org,
or by opening up a pCash Account from the casino web site
at antigua.org.
If you have any questions, comments or suggestions for
PlayStar or about this newsletter, we want to hear them!
Please direct your emails to ir@playstar.com.
Thanks for your support and interest - together, let's
make PlayStar a winner!!
The PlayStar Team
playstar.com
PLAYSTAR (PSCKF) - SMART INVESTING!
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IN THIS NEWSLETTER:
PlayStar's New Management Team . . . . . . . . a who's who
The Latest SEC Filing . . . . . . . . . . . . . goodbye "E"
The Latest Press Release . . . . .for those who haven't yet
had a gander
Message from the CEO . . . . . . . . . . the inside scoop!
Casino Marketing . . . . . . . promotions underway already
Your Questions Answered . . . . got a question? Find your
answer here.
A Final Note . . . . . . . . . . . . . re: this newsletter
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NEW MANAGEMENT
It's important to know who's steering the ship, no? Here
are the contacts:
Stuart Brazier
CEO & President
Email: stuart@playstar.com
William Tucker (a.k.a. "The Jolly Green Giant")
SEC, Accounting, Legal Compliance Issues
Email: jgg@playstar.com
Glynn Grummett
Casino Operation, Bookkeeping, Banking, Sales
Email: glynn@playstar.com
Jana Korim
Casino Marketing & Customer Support
Email: jana@playstar.com
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THE LATEST SEC FILING
If you haven't been over to Edgar's yet, have a look at:
sec.gov
Although a full formal press release has not been issued
about this, the effect is that our PSCKE symbol (the "E"
assigned due to late filing) has now returned to the more
agreeable, PSCKF.
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THE LATEST PRESS RELEASE
If you have received this newsletter, then you are also on
our Press Release mailing list. Late breaking news can
always be found in your inbox immediately after posting
- is that service or what? If you prefer to receive Press
Releases by fax instead of, or in addition to, your email
copy, let us know at ir@playstar.com
April 26/99 release:
playstar.com
Besides Canadian Corporate News and Business Wire, an email
copy of our last press release was also sent to 20,000
brokers and investors via Canada Stockwatch. A hard copy of
the press release was included in a weekly magazine
distributed by Canada Stockwatch, reaching brokers and
investors across Canada.
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MESSAGE FROM THE CEO
Yes, goodbye E and now for some SMART INVESTING!
It is one month since I joined PlayStar. While it has been
a challenging month, it has been a very productive month.
Over the coming weeks you shall find out why.
With this first newsletter, I would like to thank those
of you that have communicated your thoughts on how we
can become a better organization. In answering your
questions, I have found that new questions have been
spawned. I have absorbed your comments and will
incorporate many of your suggestions in the future.
I would also like to thank Jana Korim, our Customer Support
Manager, for tackling two newsletters at once - "the
Players' Edge" and "the PlayStar Investor." Jana designed
the format, did the research, wrote the content, obtained
feedback from PlayStar staff, and dealt with my stream of
comments.
I am sure you will agree that the "Players' Edge" and "The
PlayStar Investor" will be valuable tools in pushing this
company to success.
The "PlayStar Investor" is designed to inform you on what
we are doing as a company. It is a platform to provide you
with knowledge - knowledge on our market, our products, our
services, our staff, our strategies, and even on our
competition. More importantly, it will be a platform to
answer your questions.
In every issue, I will choose a subject that is an
important component of our business. This may include
divulging a business strategy or expanding upon a news
release. With this information, you can make informed
decisions on your investments.
'As informed investors, you represent a resource because you
have the power to let us know what you need to feel
comfortable as investors. If you do not like something,
let us know. You will find that I do not like to sweep
problems under the carpet. Problems have to be dealt with
as quickly and cost effectively as possible. On that note,
I would like to give you my thoughts on PSCKF...
A stock price is very dependent upon the laws of supply and
demand. Currently, and in comparison to AOL for example,
there is little demand for PlayStar stock. This is because
fewer people are aware of PlayStar. I am mindful of this
fact and intend to take steps to increase PlayStar's
profile in the investment community in the next few months.
I will do this by ensuring increased media awareness.
With the launch of the QuickConnect program, there are the
makings of a story with broad appeal - legal, marketing,
technology, business, etc. Thousands of webmasters can own
their own "Casino Gateway" for free. Imagine walking up to
the biggest casino in Las Vegas, knocking a hole in the
wall, framing a doorway, and earning a commission on the
losses of all those that walk through the new door.
Impossible!
What about those astute gamblers that sign-up as
QuickConnect Associate so they can get a commission on
their losses. The gambling rebate program? If it isn't
broke, we are going to break it. Our vision is to turn the
gambling world upside down. Why? Because I know the media
love these kinds of stories.
I believe we can do it but it is for you to decide. In any
event, print out a copy of this newsletter and "Spread the
Word" about PSCKF. On that note, and as a high priority, I
welcome any suggestions you may have on a new trading
symbol for PlayStar.
Regards,
Stuart
PS - If you do not have e-mail, we will fax you a copy - if
you do not have a fax machine, we will mail you a copy.
Let us know what you need.
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CASINO MARKETING
Have you seen the new casino site?
In a move to give the casino more international appeal and
prepare for global licensing, the "Antigua" has been
dropped and "PlayStar" has been added. The site has been
re-vamped, and the PlayStar Casino graphics will continue
to be refined and enhanced, on an ongoing basis.
Despite the fact that there has been virtually no promotion
or marketing of the casino, revenues and new members have
been steadily increasing. This is definitely encouraging
and makes a positive statement about the quality of the
site in general. Even so, we're making efforts to help
the casino generate those revenues and memberships, even
faster.
The new PlayStar Casino is actively communicating with its
customer base by way of direct email and posted
announcements to the site. The first issue of the Players'
Edge casino newsletter has already been sent out to some
3,000 players, and added to the web site under a new link
entitled "News". There are 4 new links on the site in
total, created to better organize information on the site,
and make navigation faster and easier.
The newsletter announces the start of 2 Contests and an
all-new Referral Comp Program designed to attract new
players by word-of-mouth advertising and the incentive of
pCash bonuses. In addition, there are various other
opportunities for players to make some money, while
providing PlayStar Casino with valuable customer feedback.
Look for an update on contest results, player responses,
and casino changes in the next PlayStar Investor
newsletter.
If you are not on the subscription list for Player's Edge,
the casino's monthly newsletter, you can start receiving
issues by opening up a pCash Account, sending a blank email
to playersedge-subscribe@antigua.org. You can also check
the PlayStar Casino web site under "News", for a posted
copy.
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YOUR QUESTIONS ANSWERED
QUESTION - What are the outstanding shares and warrants
etc?
ANSWER - There are 38,972,644 Common Shares, 6,500,000
Warrants and 4,668,000 Options.
QUESTION - What is the Public Float?
ANSWER - We believe the Public Float is around 25,000,000
Shares
QUESTION - Do any analysts follow the company at present?
ANSWER - There are no analysts currently following the
company. However, and based on performance, we expect to
convince analysts to follow this stock.
QUESTION - What are the earnings projections for 1999,
2000, 2001?
ANSWER - We are currently revising business
plans for PlayStar Casino and NetEngine. Recent
developments have made current plans obsolete as new
products and services are being added to the company's
offering. In addition, management will wait for the
preliminary responses to the launch of the QuickConnect
program so that projections are founded in fact as opposed
to wishful thinking.
QUESTION - Confirmation that you are fully reporting and
when your quarter and year end?
ANSWER - We are a fully reporting company. Our September 98
and December 98 quarterly filings have been completed. In
the next thirty days we will be releasing our March 99
quarterly filings. Our year-end is June 99.
QUESTION - Could you please tell me how many people or
companies have signed on using your QuickConnect program?
ANSWER - While the QuickConnect program was announced in
December 98, we are incorporating the tracking and
reporting functions into CashEngine. This development will
create a unique product offering in the world of credit
card processing. We have a few QuickConnect Beta testing
sites ready to go but we are not aggressively recruiting
associates. Our credibility cannot be compromised by
another premature announcement. We are confident that with
the displayed interest in QuickConnect, rapid growth will
be achieved.
QUESTION - Are you debt free at the present?
ANSWER - Yes, we are debt free and we have cash on hand.
With an increased stock price, we are anticipating over
$5,000,000 worth of warrants to be exercised.
QUESTION - Are there any merger or acquisition plans?
ANSWER - There are plans to grow through acquisitions but
there are no plans to merge. To be effective however,
management reserves the right to be flexible and change its
strategy to suit the volatile world of the Internet. As a
result, an opportunity to merge in the future may be
explored.
QUESTION - Will you be looking for a NASDAQ listing in the
future?
ANSWER - Our objective is to get off of the OTC:BB
and onto NASDAQ. This will be achieved by meeting the
Listing requirements for The NASDAQ SmallCap Market:
* Net tangible assets1 of $4 million, or market
capitalization of $50 million, or $750,000 in
net income for two of the last three years
* Public float of one million shares
* $5 million market value for the public float
* 300 shareholders
* $4 minimum bid price
* Three market makers
* Operating history of one year or a market capitalization
of $50 million
* Corporate Governance Standards such as: requiring a
minimum of two independent directors on its board of
directors; establishing and maintaining an audit committee
with a majority of independent directors; holding an
annual shareholders meeting; soliciting proxies for all
meetings of shareholders; distributing annual and interim
reports; utilizing the company's audit committee or a
comparable body to review potential conflicts of interest;
and requiring shareholder approval for certain actions
QUESTION - Do you follow any message board discussions on
the company on Ragingbull.com or Silicon Investor?
ANSWER - Yes we do and we do it with interest.
If you haven't found what you're looking for in this
issue's selections, just drop either Stuart Brazier
(stuart@playstar.com) or Jana Korim (jana@playstar.com) an
email. We'll do our best to answer your questions, but as
you know, in the interest of company strategy and security
issues, we may not be able to comment on some things.
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A FINAL NOTE
This issue is an early release. The next issue of The
PlayStar Investor will be out on May 30th as per our
regular release schedule of the 15th and 30th of every
month. Email us! We'd be happy to answer your questions,
comments, or concerns between issues, and we really enjoy
getting your feedback.
___________________________________________________________
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