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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 (1533)	9/20/1998 8:39:00 PM
From: Quahog	Read Replies (3) \| Respond to of 6545

Here's a little article I haven't seen posted here yet. It is from the Jacksonville Business Journal. I don't see anything new in here, and its a couple weeks old, but what the heck...news is news. amcity.com St. Augustine firm rolls the dice on Internet Jeff Haynes Even as the U.S. Senate works to ban Internet gambling, a St. Augustine-based company is positioning itself to cash in on the sport. Winners Internet Network Inc. believes it has the key to bring credibility to Internet gambling in its proprietary software. "No one else has anything like it anywhere in the world," said Jim Price, chief executive officer of the Maryland-based brokerage firm Columbia Financial Group, which has assisted Winners in finding investors. The technology links users to banks, a move intended to secure the players' money and guarantee payouts. From a participating bank's World Wide Web site, players will have a directory of gambling sites that are part of the Winners network. Price mentioned Winners' ties to banks located in Liechtenstein and Germany as one of the reasons the software will succeed when it is launched in three weeks. In addition, the software is encoded in eight languages and can be used by various types of gambling operations, he said. Winners will not depend on the U.S. market, Price said, adding that none of the company's projections have included it. Last July, the Senate voted 90-10 for a bill that punishes both the bettor and the operator for gambling over the Internet. However, that bill, now in a House subcommittee, does not override individual state regulations. The Interstate Wire Act of 1961 banned betting over phone lines and has been used by the Justice Department to prosecute Internet gambling cases, said John Shelk, vice president of the Washington, D.C.-based American Gaming Association. The association is opposed to unregulated gambling and would not fight a ban on Internet gambling, Shelk said. The challenge, he said, is to make sure the bill does not make illegal activities that are legal now. Noting the Senate's efforts are designed to help thwart unethical attempts to profit from online gambling, a press release from Winners states David Skinner, the company's chief executive officer, "is thrilled with the legislation." The release also reports Skinner established Winners knowing that Internet gambling would be outlawed or severely curtailed in the United States. Company officials are talking with the governments of Austria and Germany to handle those countries' online state-run lotteries, he said. Winners describes its product as being able to prohibit play from places where gambling is illegal, as well as to identify players who try to mask their locations. To make its money, Winners is planning to levy a 0.5 percent charge on all system transactions. A $100,00 payout, for example, would earn Winners $500. The company is projecting the amount of annual transactions to total $10 billion during the next six years, which could bring in $50 million for Winners. The company has contracts with casinos in place, Skinner said, adding "we will be fully operational Sept. 1." 1998, Jacksonville Business Journal

To: Mr. Miller who wrote (1533)	9/24/1998 10:02:00 PM
From: Mr. Miller	Read Replies (1) \| Respond to of 6545

WINR is Winners Internet Network, Inc. WINR launched their internet e-commerce software solution for the world of online gaming Monday, August 31, 1998. The solution is expected to be THE standardized payout system for an exploding online gaming industry. This system will offer several unique benefits. One benefit is the availability of a debit card for easy, immediate access to any winnings and cash in the established account to be held by arguably the best financial institutions in the world. A second benefit, it will accept almost any form of currency. Uses of this debit card will extend from cash access at ATMs(300,000+ sites) to general buying power online and onland where VISA, MC, AMEX, Eurocard, and the Diner's Club cards are accepted, practically anywhere in the world. No other internet payout system offers these capabilities. WINR has four means of acquiring revenues. One and two, it receives revenues from each wager or transaction that is made into and out of their system. Three, they will receive revenues from the interest that accrues while the bank account holds cash for use. Four, they are paid a yearly licensing fee for use of the system with each individual internet casino site(so if an operator such as interbet has two sites, WINR gets two fees/year every year). Profit margins are expected to be 70%-90%. At this time, WINR is setting up their system with interBet the first to use the system officially: (http://www.interbetcasino.com/). The exposure for WINR will demonstrate its effectiveness with a real live online gaming entity. This will propel WINR's negotiations with other awaiting online casino operators with which WINR is in contact with at this time for use of the system. WINR homepage: winr.net Related e-commerce site: shoppingdowntown.com WINR is not an internet casino. WINR has 13.0 million shares outstanding and 5.4 million in the float. FY is calendar year. Insiders own over 62% of the stock. Contacts 1)David Skinner, Jr. 1-800-358-4242 e-mail--->dskinner@aug.com He is the President and CEO of WINR. 2)Dr. Reinhard Proksch: e-mail--->reinhard@proksch.com He is the managing director of the Cyberlink Trust Links to Press in chronological order from most distant to most recent: Message 4356135 Message 4351736 Message 4351763 Message 5452027 Message 5452036 Message 5452038 Message 5452046 Message 5452050 Message 5452052 Message 5452062 Message 5452070 Message 5630109 Message 5724079 Information about Dr. Proksch:http://www.proksch.com/PARTNER.HTM Dr. Proksch will be the managing director of the system, and he will be paid a percentage of the interest which accrues in the accounts being held in Trust by the CMS for the corresponding clients. The affiliated banks have assets in excess of $400 billion and include the following: llb.li commerzbank.com lgt.li Good luck and welcome. Mr. Miller