To: stock4U (219 )
From: Prosperous Soul Wednesday, Jun 24 1998 11:40AM ET
Reply # of 2300
First GSM Phase 2 + Mobile Phone, England-to- Australia, Pay-Per-Play,
Smart-Card-Wagering Transaction Successfully Completed
LONDON--(BUSINESS WIRE)--June 24, 1998--Newcom Technologies Pty Ltd. (Australia) from the Dorchester Hotel, London, at the MOBILE COMMERCE '98 conference, has successfully sent a pay-per-play, $100 smart-card bet to CentreBet, an Australian International sports book operator.
The wagering transaction was authenticated by ET&T.
ET&T received this transaction from Newcom's Funge Proprietary Platform for GSM Phase 2 + mobile phones and passed on the completed transaction to Betting Inc. (OTC/BB:BETT), which then successfully alerted CentreBet that the transaction had occurred.
Acknowledgment of this wager was sent back from CentreBet to Betting Inc. and ET&T.
ET&T commanded a nearby fax machine to print out the receipt.
The implication of this pay-per-play transaction is that gaming operators could be closing down sports accounts and overheads to accept pay-per-play wagering instead.
For more information on Betting Inc. and ET&T, contact Carnegie Cooke & Co., Anita Goldberg -- telephone: 800/262-2331, or visit: hpos.com.
For more information on Newcom Technologies, visit newcom.com.au, or e-mail Blair Baxter at
info@newcom.com.au.
Contact:
Carnegie Cooke & Co.
Anita Goldberg, 800/262-2331 (investor relations)
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