To: Popiye (302 )
From: SCOOBEY-DO Sunday, Jul 26 1998 7:08PM ET
Reply # of 2319
Hi Popiye and Betting Shareholders,
I received this information from Tom Hughes, the CEO of Betting Inc. and ET&T. He asked that I post it on the thread for your information.
"Introducing the PERFECT industry into Countries
Phase 1.
Shop While You Wait begins free distribution of Pay Master devices at public locations. Partners generate 8% of each catalog purchase.
Public exposed to PERFECT transactions. Utility, Phone and other companies take note.
Phase II
Within 3 months of introduction, the first bill pay pilot begins which is promoted by utility or phone companies.
A. Payment of bills by ATM card and PIN using the same Pay Master terminal
B. Payment of bills by stored value smart card using the same Pay Master terminal
The finance industry begins to promote stored value universal cards for non banked to use. Huge Float.
Phase III
Within 8 months of first launch of Shop While You Wait, Pay Master has migrated into homes promoted by utility, insurance, phone and mortgage industry. Pay Master by this time is under $60 in cost to manufacture.
SLICK and Pocket Pay are entering from Internet and Wireless Business market respectively.
Phase IV:
Government blessed regulated wagering. Why? Instant taxation of players winnings.
Human nature can not be legislated but it can be regulated. That is
exactly what will happen with PERFECT wagering.
News: The Consulate General of Uganda contacted me and wants to
introduce PERFECT in Uganda. They will manufacture their own equipment and will begin with the entry level application of Shop While You Wait. Followed by Pay Per Play wagering.
Betting Inc. will gate the wagering transactions from the Uganda
ET&T host to the gaming operators. The government will tax the players winnings.
This will begin to open up PERFECT Africa.
SBI will be our Global PERFECT Bingo Partner.
Conclusion: PERFECT will be promoted by hundreds of millions of dollars willingly spent by utility, phone, insurance, mortgage, and other industries. PERFECT devices will globally migrate into homes as bill payment devices but will soon be used for regulated wagering with instant taxation of the winnings.
Take care,
Tom |
