SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (5457)6/8/1999 11:37:00 AM
From: Nittany Lion  Read Replies (1) | Respond to of 6545
 
The specific financial terms of this union between CyberLink Monetary Systems Est. and WINR to form SecureNet-Plus will contribute a significant amount to the bottom line of WINR and expand its processing and equity revenue substantially. The CyberLink Monetary System as part of this agreement has eliminated the royalty processing percentage that WINR had previously agreed to share for CyberLink contribution. Mr. Skinner stated that this alone would reduce Expenses by 40% in addition to the expanded market for both processing and advertising.

Mr. Skinner indicated that WINR would be a major owner of the SecureNet Processing Company that will be based in Europe.


I'm not sure how to interpret all this - it sounds like this will be some kind of joint venture between the two rather than a merger, right?

Gary