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To: Wayne Rumball who wrote (1627)	9/2/1999 9:56:00 AM
From: dudie	Respond to of 2942

news out on ECNC (BSNS WIRE) eConnect Launches eSports Bet Portal; Will Offer First-Ever eConnect Launches eSports Bet Portal; Will Offer First-Ever Pay Per Play by Same-As-Cash and Will Test Government Taxation of Internet Winnings Business Editors & Gaming Industry Writers LOS ANGELES--(BUSINESS WIRE)--Sept. 2, 1999--eConnect (OTC BB:ECNC), a fully reporting company, Thursday announced the launch of its eSports Bet Portal at betportal.com. eConnect's Bet-Portal is the Internet's premier destination for sports and casino wagering enthusiasts. It features 24-hours-a-day, 7-days-a-week Internet wagering action on the most popular sporting events in the world. eSports is a recognized leader in the sportsbook industry and betportal.com represents the best the gambling world has to offer in state-of-the-art systems, premier service and prompt pay outs. "The eSports Bet-Portal combines superior Internet wagering in a consolidated platform and we feel that this format is at the forefront of the online-gaming industry. Working with our SafeTPay(tm) technology, we will be able to offer players a pay-per-play experience and we will enjoy Same-As-Cash(tm) wagers," stated Thomas S. Hughes, chairman and chief executive officer, eConnect. "We will continue to grow BetPortal.com and expect an immediate impact in revenue growth from www.BetPortal.com and most importantly an increase in shareholder value." BetPortal.com is a gate to the Internet sportsbook world and will act as a test site for Australia-originated, pay-per-play, Same-As-Cash wagers by debit card with bank-assigned PIN. BetPortal.com will be able to send incoming winnings by electronic-funds transfer to the consumer's bank, which can then initiate government taxation of the Internet-gaming winnings. eConnect believes that this business model will lead to global government acceptance of Internet wagering. eConnect is both an Internet and non-Internet company focused on the global processing of P.E.R.F.E.C.T, personal encrypted transactions originating from consumer-friendly terminals that enable the public or home user to pay with either ATM card with PIN Same-As-Cash or by secure, terminal-sent credit-card transactions. eConnect consists of two divisions: the eConnect eGate division is now actively launching EzyShop (www.ezyshop.cc), with revenues and earnings expected to be reported in the fourth quarter; the eConnect- Auction business unit and the service of Same-As-Cash, which is the payment of Internet purchases with ATM card with PIN on line debit. eGaming consists of BetPortal.com and 777WINS.com, which are presently generating revenues and earnings. eConnect's strategic alliance with E-SAFE will enable eConnect to soon test first-ever, Same-As-Cash pay-per-play gaming transactions from Australia to BetPortal.com and 777WINS.com, plus the instant government taxation of these winnings. This news release contains forward-looking statements subject to the safe harbor 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. NOTE: Visit the company's Web sites at www.e-connect.cc and www.ezyshop.cc. For a recent eConnect interview, see www.emergingcompany.com. --30--tjm/la* mt/la CONTACT: For eConnect: Carnegie Cooke Anita Goldberg, 800/262-2331 (investor relations) or E-SAFE Bruce McWilliam, 011-61-2-9267-7555 or For ET&T: Prima Capital Elias Argyropoulos, 800/600-8599 KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT GAMING COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *