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Non-Tech : Total Entertainment Inc.(TTLN) TheOnlineCasino Opens. -- Ignore unavailable to you. Want to Upgrade?

To: James W. McDonald who wrote (775)	12/21/1999 6:10:00 PM
From: James W. McDonald	Read Replies (1) \| Respond to of 817

On Monday December 20th there was a conference call with Sandy Masselli (CEO. TTLN), Mitch Brown (President TTLN), Robert Bonnell (Vices President), and various TTLN investor that post on Raging Bull Broad. The following (post # 27232 by Radicales on RB) is a summarized explanation of what was discerned from the CC.. TO ALL TTLN INVESTORS Following is a summary of key points contained in the several posts by DE11 reporting on today's conference call with Sandy Masselli, Mitch Brown, and Robert Bonnell. McCutcheon has also posted regarding the call but since DE's report was spread over several posts, I thought it was worthwhile to try to pull the key points together in one post. (DE, please correct anything I am paraphrasing incorrectly). 1) Shares outstanding are 55 million. Of that, 7.4 million are in dispute with the owners of the former Kit Farms. That issue is not yet resolved. 2) Another 55 million shares are unissued in reserve to be used for acquisitions. 3) There presently are NO OPTION SHARES in the names of Mr. Masselli or other officers. 4) TTLN has tentatively selected a large New York financial media PR firm for appointment. Announcement expected first week of January. 5) Planning to consolidate all IR functions in Montreal office. 6) Our sites are now getting 1 million page views per month. 7) We have 10,000 active accounts. 3,600 of them are sports book accounts. 8) The Asian sites are down until Feb. or March for technical reasons. 9) Grant Thornton signed the audit UNCONDITIONALLY. (Note: Go to TTLN website for viewing of signed GT letter of transmittal). 10) GT required standard igaming warnings to investors about possibility of running out of operating funds, and potential future illegality of the business in U.S. 11) Regarding operating funds, TTLN has $500k line of credit with Summerhill Gaming Co. 12) 4th quarter results can be expected 2nd or 3rd week of January. Audited year-end results expected in February. 13) TTLN expects GAMING PROFITABILITY in 4th quarter. (DE, not sure what this means). COMPANY'S FUTURE PLANS 14) Looking to expand business into Europe and Asia to lessen dependence on North American gaming revenues. 15) TTLN will remain a public company. There are NO PLANS to go private. 16) They are seeking alliances and/or acquisitions in the UK. The are also seeking a license in the UK. 17) They would like to be listed on the London exchange and are currently in talks with a listed UK company. 18) Future advertising focus will be on large portal sites. Banner ads no longer effective. 19) They have nine (9) MBAs on the staff working on marketing and advertising. 20) TTLN will be very aggressive in acquiring compatible companies. 21) Goal is to become a total internet company with ecommerce and ecash to go along with egaming. Want to be on a scale with CRY or SNMM. (How about bigger than that?) 22) Working on an international hosting project in the Caribbean