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Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (5705)7/15/1999 7:29:00 PM
From: The Devil Dog  Read Replies (1) | Respond to of 6545
 
This is a cross post from Raging Bull. I would say
that this covers most details quite accurately.

ragingbull.com
By: Iwii
Reply To: None Thursday, 15 Jul 1999 at 5:42 PM EDT
Post # of 3001


My notes from conference call for anyone interested. They are a little raw, but I did my best.

- WINR started with the gaming market, wanted a tough test for software
- partnering with CMS - internet bank - every transaction will run thru the winr processing system
- secureplus network -> internet merchants
- winr system - bring swiss/lichtenstein banking to everyone around the world
- filing with sec - 1st part of august
- 2nd quarter results - expected within about next 7 days
- triple digit growth 2nd quarter over 1st quarter
- growth will increase quarter to quarter
- processing fees will far outgrow the licensing fees for gaming market
- $.20 to $.30 per share - this is the goal they set - expected to be reached
- ichargeit/shoppingdowntown -> getting very close
- winalottery -> increasing weekly
- internet banking software - 3 to 6 months to get bank charter - will be opened 24x7 - 8 languages - call center to open august 1 for technical support/customer service
- securenet system - multiple companies - golf courses, auctions, trading, etc - "household names"
- euro is nothing but a plus for the winr system
- cfg will be more involved
- skinner talked about setting up a forum for investor question on the website
- cfg - fully reporting will help promoting company - they have been and will be contacting brokers/analysts to spread the word - working with major gaming magazines - next 90 days will make it much easier to promote company
- skinner - no hype - by the book - has and will do interviews with various companies, publications
- winr was understaffed, now fully staffed
- access world, vaudville, vanguard - these contracts granted permission for these companies to sell licenses for winr processing. these agreements gave these companies exclusive rights to certain geographic areas - skinner expects these contracts to be fullfilled - if not, then winr will do the selling in these areas - no lawsuits will be filed for non-performance
- sportsbook from vaudville has been delayed - but many others are in negotiations
- $9 - 11 million revenues still the goal
- banking software was not sold to cms - the exclusive right to use the software was sold to cms
- winr getting 300 - 400 new users of site each month
- Skinner/varney filed to sell very small pct of holdings - will only sell if stock price is very favorable - skinner more interested in company 10 years from now than any short term gain
- foreign exchange - first get on nasdaq, then open on foreign markets
- government agencies - talks with countries about using winr - "want to work with governments"
- talks with private and national lotteriers - many want to go international with winr
- what to expect for rest of 1999 - continued growth, broader aspects of the world
- y2k - no problem at all - independently audited
- winr system can handle 10s of thousands of simultaneous users



Best Regards

WB