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.
Strategies & Market Trends : Tom and Craig's Stock Scans -- Ignore unavailable to you. Want to Upgrade?


To: Tom Allinder who wrote (49)8/23/1999 9:33:00 AM
From: SuperValu  Respond to of 154
 
ECNC NEWS . . .

eSportsbet Announces Successful Initial Testing Of eSportsbet.com Web Site

LOS ANGELES--(BUSINESS WIRE)--Aug. 23, 1999--eConnect (OTC BB:ECNC), fully reporting, announced that eSportsbet which until now has been receiving over the phone sports wagers, has successfully tested the eSportsbet.com web site and will soon open the site to the public.

"Test customer responses have been excellent and we look forward to an imminent global launch of eSportsbet.com. eSportsbet has been averaging about 2 million per month in over the phone wagers and we expect to triple our business with the activation of our web site combined with our existing business. We are also very excited about the scheduled testing of Same-as-Cash wagers which we will be receiving from Australian originated ATM card with PIN wagers.

"This opens up simple pay per play by the consumer with no need to open an account and this will be a tremendous and cost efficient move for eSportsbet.com. We will also be offering our Same-as-Cash Internet wagering services to competitor Internet wagering sites," stated James Wexler, President of the eGaming division of eConnect.

"We feel that Same-as-Cash Internet wagering originating from Australia, which has legalized Internet gaming, will inevitably lead to a model of instant taxation of the players winnings which will be deducted by the consumer's recipient bank. This model, which will begin in Australia with our partner E-SAFE, will eventually migrate to the United States and to other countries who will then enjoy continual revenues from the instant taxation of players winnings," stated Thomas S. Hughes, Chairman and CEO of eConnect.

eConnect is made up of two Divisions: eGaming, which is focused on the development of both Internet and non Internet gaming transactions through the implementation of Same-as-Cash(TM) payments by either ATM card and PIN for banked consumers and by the EzyCard TM for non banked consumers. Both types of transactions are enabled by proprietary eConnect equipment and Host processor.

eGate, the second Division, has both Internet and non Internet business applications and is focused on three areas of ecommerce business: 1. The development of secure Same-as-Cash Internet transactions; 2. EzyShop, the usage of the eConnect equipment to generate self serviced purchases from consumers sitting in waiting rooms and shopping from national catalogs; and 3. EzyCard, a value added card to be used by non banked consumers using the publicly located eConnect equipment to effect self service bill payment, catalog purchases, and legally permitted self service lottery transactions.

This press release contains forward looking statements subject to the safe harbor act created by the Securities Litigation Reform Act of 1995. Management cautions that these statements may include projections and estimates of future performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development.

CONTACT: eConnect:
Carnegie Cooke
Anita Goldberg, 800/262-2331 (Investor Relations)
or
E-SAFE:
Bruce McWilliam, 011-61-2-9267-7555
or
ET&T:
Prima Capital
Elias Argyropoulos, 800-600-8599



To: Tom Allinder who wrote (49)8/23/1999 11:20:00 AM
From: Jorney  Read Replies (1) | Respond to of 154
 
To: Teri Garner (90172 )
From: Jason Harlan Monday, Aug 23 1999 10:43AM ET
Reply # of 90222

PRFM-----> Buy now ahead of next week. Perfumania.com IPOs next week. Here's why:

Perfumania.com will trade under the symbol PF. 7.5 million offering, of which PRFM will own 67% of it, or 5 million shares.

Let's say it prices at $9 in the current range.

$9 x 5 million shares that PRFM will own ='s $45 million.

ONLY 7 MILLION SHARES OUTSTANDING IN PRFM.

New stake in PF worth $45 million. So $45,000,000 divided by 7,000,000 shares ='s $6.42 a share.

PRFM now 2 5/8. PF not factored into the price of PRFM at all!!!

Big runup expected into IPO next week, $5 easily possible... Just like DBC, IDTC, etc.

Jason




To: Tom Allinder who wrote (49)8/23/1999 1:02:00 PM
From: Jorney  Respond to of 154
 
To: jopawa (90292 )
From: Jason Harlan Monday, Aug 23 1999 12:26PM ET
Reply # of 90324

PQT---> IPO next week of PCQT! Get this, another PRFM. More math from me:

14.8 million shares of PQT outstanding... keeping 50% of PCQT, so 7.75 million shares AFTER the offering.

Prices at $14... so PQT holds 7.75 million shares of PCQT ='s $108,000,000.

$108,000,000 divided by the 14.8 million shares of PQT ='s $7.33/share.

PQT now trading 4s.

PCQT will be a hot offering too. Great underwriting team.

Jason




To: Tom Allinder who wrote (49)8/23/1999 2:06:00 PM
From: Craig K  Read Replies (2) | Respond to of 154
 
CIMA.....:) You da man Tom...

Craig