To: Popiye (43 )
From: Popiye Monday, Apr 27 1998 5:23PM ET
Reply # of 2300
Spoke with Anita (1-800-262-2331) IR for BETT located in Las Vegas. The following are some points we discussed:
1. BETT is a Missouri Charted Corporation, but their office is in California. They will be sending out proxies to shareholders to change their charter to Nevada due to better tax incentives within the next few months. The news releases are sent from Las Vegas because the PR and IR is in Las Vegas.
2. 1 May 98 they expect all legal forms, ATM bank and financial authorizations to be completed and ready to roll into testing.
3. First week of May they expect to start testing. I only asked them if testing was in the USA.. answer was yes. Testing should be completed also within the month of May. Upon completion they expect the companies that were being tested to sign-on with immediate revenues. Then, to close the other companies in the wings.
3. a) ET & T owns 60% of BETT and they are providing technology to
BETT.
b) Smokey Mountains Technology is a subsidiary of UNICOMP (UCMP)
and they are providing technology to BETT. I do not know how
much UCMP is involved, but I like it a lot.
c) BETT is also marketing catalogue sales from merchandisers;
also, wagering in 6 states the now are legal via ATM. IMHO
expect this to increase - gambling is in for state tax base.
(Wagering: how about everything, like horses, football, lottery,
casinio games, etc...IMHO / a little hype here)
4. BETT wants to become a fully reporting company as soon as possible
because they know NASDAQ requirements. Sounded to me like that will
a very high priority after testing.
5. IMHO the next 40 days will be very exciting for the company. They
will transform from a shell(?) to a company with clients and
revenues. I expect positive testing results before the end of
MAY, and a client base with revenue.
Please call Anita, ask your questions, and post them. Best
wishes:)
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