To: Fli-by (324 )
From: Val Ryjouk Tuesday, Aug 4 1998 1:13PM ET
Reply # of 2321
News!!!
Tuesday August 4, 12:12 pm Eastern Time
Company Press Release
Betting Inc. Introducing PERFECT Industry to Uganda for Mass-Market U.S.-to-Uganda Electronic Commerce
LOS ANGELES--(BUSINESS WIRE)--Aug. 4, 1998--Richard Williams, the honorary consul general of the Republic of Uganda to California, has announced that Betting Inc. (OTCBB:BETT - news) will bring to Uganda the Pay Master, which, along with the ET&T bank host processing center, will start up the applications of PERFECT (personal encrypted remote financial electronic card transactions) wagering and PERFECT shopping transactions.
''We will assemble the Pay Master in Uganda, and look forward to our people being able to effect Uganda-to-the-United States mass- market electronic commerce thanks to the introduction of the PERFECT industry in our country and carrying the PERFECT industry into other sub-Saharan African countries,'' stated Williams.
Particular emphasis will be put on wireless PERFECT transactions and the taxation of the merchant revenues generated from PERFECT purchases and PERFECT wagering winnings.
''We are strong believers that the PERFECT industry will be global within 18 months. Uganda is the first country to understand that,'' stated Tom Hughes, chairman and chief executive officer of Betting Inc. and ET&T.
''With the ET&T bank host in Uganda talking with the USA bank host, mass-market same-day payment transactions between Ugandan and United States citizens is now possible. Combine that with the new technology of bonding two home telephone lines into providing seamless video images, which we now have access to, and you have the true beginnings of a global village.''
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Contact:
ET&T
310/377-2803
www.hpos.com |
