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Non-Tech : eLottery.com (ELOT) / (NASDAQ NM:XTON) -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (1114)	4/9/2000 1:07:00 PM
From: Herc	Respond to of 1266

This is from ELOT's Investor Relations Q & A. I have contacted all 34 members of the Judiciary Committee plus the Speaker, minority leader, both whips, and all the reps from my home state. The head of the Judiciary Committee and the top 4 House leaders are ALL from lottery states. Also the U.S. Congress has forbidden the collection of sales taxes from e-retailers at least through Dec. 31, 2003. If you write your representative, you can use this as an argument for internet lottos. <<Q- What is eLottery's reaction to the passage of the Kyl bill in the Senate? A - It has always been the company's belief that authorized state lotteries will not be prohibited from moving into e-commerce. Simply put, we believe that the Kyl bill was aimed at off shore Internet casinos, not authorized state lotteries. And of course, passage of a Bill in the Senate does not make a law. It must still be adopted by the House of Representatives and signed into law. A version of the Bill has been introduced in the House of Representatives. We believe that this Bill reflects the fact that state's rights issues are paramount to many representatives from both sides of the political aisle. HR 3125 introduced by VA congressman Goodlatte known as the "Internet Gambling Prohibition Act" preserves the rights of state lotteries to move onto the Internet, should they so desire. While banning offshore Internet gambling, HR3125 specifically exempts state lotteries that wish to use the web when the lottery ticket is purchased using a state lottery-issued id and password or placed in a lottery computer in a public facility. After the Congress reconvenes next year, the House Judiciary Committee is expected to approve language permitting states to offer their lotteries on the Internet. The House Judiciary Committee's 1998 bill granted the states similar authority. Looking further down the road, all of the differences - including the treatment of lotteries -- in the House-passed and Senate-passed bills will have to be resolved by a conference committee. Between now and then, governors, legislators and states rights advocates will be reminding Congressional decision-makers that the federal government has always let the states determine and enforce lottery policy within their respective borders. <<Q- What is eLottery's reaction to the passage of the Kyl bill in the Senate? A - It has always been the company's belief that authorized state lotteries will not be prohibited from moving into e-commerce. Simply put, we believe that the Kyl bill was aimed at off shore Internet casinos, not authorized state lotteries. And of course, passage of a Bill in the Senate does not make a law. It must still be adopted by the House of Representatives and signed into law. A version of the Bill has been introduced in the House of Representatives. We believe that this Bill reflects the fact that state's rights issues are paramount to many representatives from both sides of the political aisle. HR 3125 introduced by VA congressman Goodlatte known as the "Internet Gambling Prohibition Act" preserves the rights of state lotteries to move onto the Internet, should they so desire. While banning offshore Internet gambling, HR3125 specifically exempts state lotteries that wish to use the web when the lottery ticket is purchased using a state lottery-issued id and password or placed in a lottery computer in a public facility. After the Congress reconvenes next year, the House Judiciary Committee is expected to approve language permitting states to offer their lotteries on the Internet. The House Judiciary Committee's 1998 bill granted the states similar authority. Looking further down the road, all of the differences - including the treatment of lotteries -- in the House-passed and Senate-passed bills will have to be resolved by a conference committee. Between now and then, governors, legislators and states rights advocates will be reminding Congressional decision-makers that the federal government has always let the states determine and enforce lottery policy within their respective borders.>>