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Microcap & Penny Stocks : DD Central on ECNC (formerly BETT)
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To: Jorjenzak who wrote ()6/4/1999 6:07:00 PM
From: Jorjenzak   of 266
 
To: Jorjenzak (1796 )
From: SCOOBEY-DO Monday, Apr 19 1999 10:12AM ET
Reply # of 2431

To All,
The following is an update to the SI questions from Tom. Tom was in NYC for a week. He plans to get a lap-top to keep in touch when he is out of town. If you still have questions or comments, after reading the following, please let me know.

Here's the update:

1. eConnect will be closing this month on the acquisition of eSportsbet. Jim and I decided this is a simpler approach and that a merger is not required. ET&T will retain controlling shareholder position in eConnect

2. The Australian Group is close to a formal agreement with eConnect and is in weekly touch as to the progress of their lawyers on the agreement to develop Australia and New Zealand for PERFECT wagering.

3. Working on a press release for eConnect Ante Up service. This is based on the fact that phone companies by DSL and cable companies by Cable Modems will soon be able to deliver 24 frames per second interactive video into homes. (you can see who you are speaking with... and no jilted images)

Ante Up will be a service provided by eConnect that will allow up to 6
players...hundreds of miles from each other... to play card games etc., and with the PayMaster terminal, move cash, by ATM card or smart card to a "holding pot" serviced by eConnect.

This is like an electronic card club where the consumers play against
each other... not the house. In this case, the players are in their homes playing hundreds of miles apart.

The pilot will test the State taxation of the winners "pot" as the funds travel back from the Ante Up holding account to the players bank account.

Ante Up will charge a flat service fee of 10% of the "pot". Pilot date not set yet.

4. Interim capitalization of eConnect before the 505 Offering looks probable within 2 weeks.

5. ET&T is HPOS... I changed the name about a year ago. You can bet that ET&T will immediately exercise our options to purchase 1.3 million BETT shares at 30 cents each. eConnect is already held by ET&T (formerly HPOS)

We are revamping the ET&T web site and will have a full section for
eConnect.

6. Actual authorization was 15 million shares. 10 million common and 5 million preferred.

7. We are filing the Proxy statement this week with the SEC. Mailings to the BETT shareholders will then go out about 12 days later... assuming no comments from the SEC.

3 Motions:
1. Move the corporation to Nevada.
2. Increase the authorization to 100 million shares.
3. Change the name from Betting Inc. to eConnect.

Once the mailing goes out, we will set the Las Vegas shareholders meeting in stone.

8. 777WINS is now improving their band width and eSportsbet will soon have a working internet presence. Telemax is wrapped up in a Beta test of their service.

9. Remember our strategy: Make initial earnings from eGaming acquisitions and evolve the business of eGate PERFECT wagering transactions.

GO BETT!

Tom

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