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

To: Quahog who wrote (1534)	9/21/1998 8:06:00 AM
From: The Street	Respond to of 6545

If they have problems have them contact me-- they can have their pick of offshore.

To: Quahog who wrote (1534)	9/21/1998 10:48:00 AM
From: Codee	Read Replies (1) \| Respond to of 6545

Interesting article. I noticed that Winr's site is updated to support two languages thus far. Most importantly is to support the language of English for this is the unofficial native language of the internet.... 8 more days to go til Oct 1st!

To: Quahog who wrote (1534)	9/21/1998 12:20:00 PM
From: Codee	Respond to of 6545

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." c 1998, Jacksonville Business Journal