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To: Sultan who wrote (1865)	10/26/1999 4:07:00 PM
From: DaveAu	Read Replies (2) \| Respond to of 2782

That was a long call. It's clear there's a lot more interest than last year however much of it seems to come from individual investors. One little twerp caller was quite belligerent. The big disappointment is most likely that NASDAQ listing is going to take a while longer. It seems that they need to dig up the info on the old company that was taken over in the reverse take-over. It may be another 2 months. Also, the Australian certification will take at least 6 months (the process has started) and the decision on what to do with the E-commerce product will be a few months (a committee of the board is looking into this). Version 4 may not be out for a couple months as well (this wasn't clear, he kept saying "soon"). One interesting thing is that "one time" fees have only been about 100,000 in the first 9 months versus 1 million dollars for 1998. Since they have signed at least 2 licensees (William Hill is not yet official), I would have expected about 500,000. This may mean that the initial fees are being waved, perhaps for a higher portion of the on-going business. The fact that almost all the revenue is from on-going business is very positive. Claude Levy seems to be a non-issue. The strategy is to go after the large land based operators like William Hill. They are interviewing PR firms. They hope to have one within a month. They have 3 redundant gaming facilities and 2 redundant e-commerce facilities and they are building a third in Antigua. They are keeping secret the full functionality of the e-commerce product until they are ready to market it. For long term investors, everything still looks good.