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Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Miller who wrote (594)	8/2/1998 11:57:00 AM
From: Mr. Miller	Read Replies (1) \| Respond to of 6545

cosmo21.com SET for secure transactions. U.S. Treasury, Mellon Bank, CyberTrust, IBM, Concentric Network, U.S. Navy, Visa & Mastercard will run electronic commerce pilots. By Ray Van Eng (07/29/97) The U.S. government which has a mandate to make all federal payments electronic by 1999 is beginning to implement electronic commerce services to enable the public, and various government agencies to purchase products and services over the Internet at government web sites. Starting in August this year, employees of Mellon Bank and the Financial Management Service of the U.S. Department of the Treasury will participate in a pilot that will allow them to use their Mastercards to access the Bureau of Public Debt web site and purchase U.S. Savings Bonds and to the Defense Reutilization and Marketing Services online storefront to buy government surplus equipment. All transactions will be handled via the secure electronic transaction (SET) protocol using digital certificates issued by GTE CyberTrust. Concentric Network will provide project participants with Internet access kits that has the IBM net.payment SET e-wallet software pre-packaged. Although SET was engineered by Visa, Mastercard and a group of technology partners, other credit card companies such as American Express, Diners Club, Novus and Air Travel Card have pledged support and will incorporate the standard into their card products. A spin-off from Visa and Mastercard, known as SetCo, will take over the development of future versions of SET that will likely be an integral part of smart card and debit card operations. SetCo will also be responsible for the marketing management of SET and perform compliant testing to qualify software firms, merchants, financial institutions and web sites in order for them to obtain the right to use a brand new SET logo which has recently been unveiled. As the federal government's controller and bookkeeper, the Financial Management Service issues more than 850 million non-defense related payments a year, collects more than $1 trillion of taxes including all income taxes, and is responsible for the collection of non-tax delinquent accounts. Other government agencies such as the U.S. Navy will also begin testing the e-commerce waters. A select group of Navy personnel will be allowed to purchase ship supplies electronically from the ServeMart web site. Using a government issued Visa card, Navy purchasing agents can query a database to find the right product, fill in an order form and complete the transaction in a secure manner via the Internet. The first phase of the project will become available in Pascagoula, MS naval base. After the pilot ends by the end of October '97, the Navy will decide whether to roll-out a full scale implementation. Miller

To: Mr. Miller who wrote (594)	8/2/1998 12:16:00 PM
From: Mr. Miller	Read Replies (1) \| Respond to of 6545

If you had clicked on Cybertrust in the last post(actual URL must be acquired for this), you would have stumbled upon GTE Cybertrust, and their cash management system(CMS). Read this site thoroughly. This link will get you started: bbn.com This is just one of probably many e-commerce providers. As of yet, I have not found the current e-commerce providers in Europe. We could be ahead or in parallel with just about anyone in Europe. I am guessing that IBM's SET is pretty well established and would be one of the forms of major competition. As I have been saying all along. There are probably other systems in place or being setup, but you got to like WINR's chances with Leichtenstein, and perhaps the best banking in the world. Our backbone has more assets than Citicorp. Not too shabby. There will no doubt be much competition in the e-commerce arena, but WINR will have a piece of the pie via the CMS and CLT. It will be very difficult to keep up with all the changes. It would be nice to find one site that keeps track of all of them cleanly. However, WINR will be it(IMHO) for the online gaming industry. If/when they can get the biggest of the biggest(I do not think they are concerned about the chumps as I have said before)-you know the largest sportsbookies and online gaming sites-those will be the places to go and bet. I see no reason to chase down the small fries. I once said that either we were in to something big or we were sinking deeper in horsesh-t. Well, I obviously do not feel we are sinking deeper in anything but the best online transaction system that may be available to the online business community. We certainly are going to be a PLAYER. Miller