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