FYI, for anyone following WNCR...
The following PR was issued today...
(For the record, I am long on WNCR -- and while this news-release sounds encouraging, in that it suggests a good financial report to come, I must admit I wish it were a bit better-WRITTEN. I hope a good PR firm is high on their list of intended "acquisitions"...)
Vagabond
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Tuesday May 11, 1:49 pm Eastern Time
Company Press Release
SOURCE: Winchester Mining Corp.
Winchester confirms cash flow from casino: software designed by Starnet (SNMM) OTC/BB and operated by Global Interactive
VANCOUVER, May 11 /CNW-PRN/ - WINCHESTER MINING CORP.
OTC/BB,NASD (WNCR)
Winchester, ''the Company'', launched its first corporate Internet casino website in the third week of April 1999. The website, found at www.hollywood-casino.net, is designed by Starnet International trading on the OTC/BB, NASD, (SNNM) and operated and controlled by Global Interactive.
This site is open for interactive play and will also provide Play For Fun gambling opportunities in a number of different games. The site is designed for twenty different games and is set up for eight different languages. Global Interactive has confirmed to the Company the CD'S for customers ordering a software package have been completed and packaged for all deliveries worldwide.
The Company is elated by the news from Global Interactive from a preliminary report. The site, in the last 21 days, has attracted many gamblers and players wagering funds and a cash flow has been shown between winners and losers. The Company will be receiving a detailed listing of the actual financial results shortly; the net figure of actual on-line gambling first phase.
Management believes that this confirms its site can compete with other operators in this ever-competing Internet gaming market.
Winchester will release the financial figures as soon as the Company receives this detailed financial report from Global Interactive.
The Company is still pursuing the agreement with HHHE (OTC/BB, NASD) for the Internet shopping mall rights to sell the Outback Mountainboard. The name change of the Company will be submitted to the shareholders at the Annual General Meeting.
THIS NEWS RELEASE CONTAINS ''FORWARD-LOOKING'' STATEMENTS WITH RESPECT TO THE RESULTS OF OPERATIONS AND BUSINESS WHICH COULD BE MATERIALLY DIFFERENT FROM THOSE DISCUSSED. RISKS AND UNCERTAINTIES OF THE COMPANY WILL BE DETAILED FROM TIME TO TIME IN THE COMPANY'S PERIODIC REPORTS TO BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
SOURCE: Winchester Mining Corp. |
