To: CrayUSA who wrote (78151 ) 2/23/2000 2:53:00 PM From: changedmyname Read Replies (1) | Respond to of 108040
MDIH----> NEWS! HUGE winner in OracleMobile.com venture!!! Just released today about 1/2 hour ago. MDIH merging with Lottery.com... the subject of this outstanding Pr: Wednesday February 23, 2:24 pm Eastern Time Company Press Release Lottery.com Wins the Jackpot With OracleMobile.com Two Leaders Team Up for the Wireless Market CINCINNATI--(BUSINESS WIRE)--Feb. 23, 2000--Lottery.com www.lottery.com announced a partnership with OracleMobile.com, a new subsidiary of Oracle Corp. to provide Lottery.com's content and services to wireless devices. Each week the lottery is played over 90 million times and everybody who plays wants to know if they won. Lottery.com and OracleMobile now bring the lottery results directly to the players anytime, anywhere. The companies will also explore additional opportunities to deliver expanded products and services to the lottery community. OracleMobile.com's service is available at www.oramobile.com. ''OracleMobile.com(TM) will bring lottery results to the unwired world,'' said Denise Lahey, CEO of OracleMobile.com. ''By allowing consumers to access the information they want when and where they need it, OracleMobile.com is set to transform the way people interact with the Internet.'' OracleMobile.com was formed by Oracle Corp. to focus on the rapidly emerging wireless Internet market. By offering consumers access to the most comprehensive set of wireless Internet services from leading Internet content providers, OracleMobile.com is effectively mobilizing the Web. OracleMobile.com's service is free of charge to consumers and supports wireless devices with Web or messaging capabilities. ''The combination of the two leaders in their respective fields, Lottery.com and OracleMobile.com, will provide a valuable and convenient information service to the over 70 percent of Americans who play the lottery,'' said Roger W. Ach II, CEO of Lottery.com. ''Now our customers can get lottery results as they happen.'' On January 31, MDI Entertainment, Inc. (OTC BB: MDIH) announced that they are in the process of a merger that will be created by the combination of MDI and The Lottery Channel and be renamed Lottery.com, Inc. The primary business objective of Lottery.com in addition to licensing entertainment properties, cultural icons and personalities is to position itself to capture a significant share of Internet lottery sales as lottery sales become Internet enabled. About Lottery.com, Inc. Lottery.com provides a total communications package for the government-sponsored lottery industry, developing games for at-home lottery play, website development, media consultation and branding opportunities for the lottery industry. As a major function of this communications package, Lottery.com has developed a website, www.lottery.com, that offers up-to-date lottery information, lottery-related games and the opportunity for fulfillment of lottery purchases. With the recent acquisition of the award winning www.gameland.com, Lottery.com continues to expand its presence in the Internet game space. The Private Securities Litigation Reform Act of 1995 provides a ''safe harbor for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by MDI) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the lottery industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of MDI. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. ------------ MDIH a low float company, breaking out to new all-time highs. Gapper for tomorrow with the late news. Jason