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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth A Rice who wrote (7305)	6/24/2000 2:57:00 AM
From: MrBuzz	Read Replies (1) \| Respond to of 7701

Anyone remember this from the April 1997 Filing? roflmao ============================================== Internet Gaming The Company has developed a number of casino type games to be played over the Internet, such as Keno, Draw Poker, Roulette, Blackjack, and a variety of Slot Machines. These games will be played by "Club" members who have established credit with the Company and instituted a simple electronic debit and credit electronic funds transfer system. The Company anticipates finalizing contracts related to Internet gaming in April, 1997, and projects a start of operations in the third quarter of 1997. At the present time there are some 50-55 million connected Internet users on a world-wide basis. This number will certainly grow over the next several years, but estimates of this growth rate vary widely. During any given day, it is estimated that some 20-25% of these people are connected; this equates to some 15 million people on-line at any given time. The demographics of these Internet users is upscale with higher earnings and household income than the median figures for the general population. The Company believes that it is possible to attract one in every thousand to participate in gaming on its gaming site. This equates to approximately 50,000 people. A reasonable estimate is that this market segment will have sufficient disposable income to wager at the rate of $100 to $150 per month. This equates to a revenue potential of some $60 to $90 million per year. Club Web The Company plans to have the World Wide Web be the focal point of our adult recreational gaming sites throughout the United States and abroad. Here customers will dine and be entertained in a setting which provides access to world wide gaming opportunities such as Sport Betting, Black Jack, Roulette, Keno, and Bingo. In those states where lotteries have been legalized, we plan to provide Video Poker and Blackjack terminals as an additional revenue source for the Clubs and entertainment for our guests. With terminals hooked into an offshore Internet server, customers will have 24 hours real time access to interactive on-line gaming. By setting up a "debit account" with Club Web, they can bet in a cashless environment at their own table while enjoying the company of friends. They can track box scores and play Keno without the necessity of "runners" to collect bets and make payoffs.