Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : GAAY - Triangle Broadcasting Company (was TBCS) -- Ignore unavailable to you. Want to Upgrade?

To: Jacalyn Deaner who wrote (915)	7/21/1999 9:56:00 PM
From: Jacalyn Deaner	Read Replies (2) \| Respond to of 2118

GAAY is not about just Bingo - focus, big picture; GAAY and sponsors have until late Sept to work this situation out; gambling good in other countries - Lottery is good in almost all 50 states and that is gambling - something will give. No problem in short run - follow Bingo.com's legal counsel not to offer any money for winnings in the US via the internet; no 10,000 in the US at this time ie no dollars - give away POINTS to be redeemed for "stuff" provided by sponsors; our Bingo will be on television - so we could just offer it on TV in the US, internet to the remainder of the world; Bob Barker offers money and they gamble on TV every day and win money, same deal we are on TV - out of that internet Kyl Bill as it won't be relevant to GAAY; in the US we won't be WIRELESS - we are WIRED to TV, ha. Money in Mexico and Canada equivalent to point valuation and cash in US too via TV BINGO. Always a solution. :) Remember GAAY is Communicaitons, not just Bingo; BIGG is JUST BINGO, ouch BIGG not always BETTER :) Thanks for the HEADS UP. Will make inquiry tomorrow. Jacalyn bingo.com chaning plans; Business Editors TALLAHASSEE, Fla.--(BUSINESS WIRE)--July 21, 1999--Bingo.com Inc. (OTC BB:BIGG), the Internet Company which is developing the world's first bingo-based entertainment/lifestyle portal and on-line bingo game, has created a definitive strategy to deal with the uncertainties of the pending Kyl Bill which has recently been passed by the Senate Judiciary Committee. The Kyl Bill is an extension of the 1961 Wire Communications Act and would make illegal the provision of internet gaming to U.S. residents. Bingo.com's President, Shane Murphy, commented: "Management has a fiduciary responsibility to its shareholders to carefully consider and address every aspect of the legal issues surrounding Internet gaming. Bingo.com's legal counsel has strongly recommended that Bingo.com refrain from accepting wagering from any country where this activity may be unlawful. "The Company has both a legal and practical obligation to refrain from offering internet wagering to residents of countries where it is prohibited. To do otherwise would be both unlawful and extremely short sighted with potentially dire financial consequences, including: the seizure of the Company's assets; preventing it from obtaining listing on the Nasdaq Small Cap Marketplace; and deterring prospective advertisers." Bingo.com will go live in all permitted jurisdictions with its wagering version of Bingo by July 31, 1999, as previously announced. An on-line and off-line advertising campaign is scheduled to begin in Europe in August. It is estimated that the internet gaming market represented by these legal jurisdictions is greater than that of North America. In order to exploit the North American internet market in the face of the Kyl Bill, Bingo.com is now in the process of developing a free (non-wagering) Bingo game for the North American market which will host cash prizes and exciting giveaways including vehicles, watercrafts, vacation packages, cruises, clothing, merchandise and various other products and services. Free game sites featuring the game of Bingo are currently ranked in the top 30 of the most-visited sites on the web. Bingo.com is currently negotiating with a number of multi-national companies which have expressed interest in providing product in exchange for viewership. In addition, similar to television game shows, advertisers will have the opportunity to purchase the right to become, and be represented as, the exclusive supplier to the site in their category of product or service. As the holder of the "Bingo.com" domain name, management continues to believe that the Company will have a tremendous competitive advantage in the on-line Bingo market (both wagering and non-wagering) which should enable it to capture a dominant share of the internet audience. Larger audiences will increase the demand for advertising real estate on the Bingo games and on the Bingo.com site and will translate into increased corporate advertising revenue. Gaming analysts predict that the worldwide gaming business will exceed $4,500,000,000 in revenue within two years. Management believes that Bingo.com is uniquely positioned to become the premier bingo gaming and portal site in the world. This press release contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbour created by these sections. Actual results may differ materially from the Company's expectations and estimates. On behalf of the board of Directors Shane Murphy, President and Director BoardMark MemberMark Ignore Poster Report TOS Violation