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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY -- Ignore unavailable to you. Want to Upgrade?

To: Carl who wrote (814)	1/8/1999 12:55:00 PM
From: Carl	Read Replies (1) \| Respond to of 2909

Quite out here today.

To: Carl who wrote (814)	1/8/1999 2:56:00 PM
From: Gutterball	Read Replies (2) \| Respond to of 2909

I had a good visit with Tom this morning. Soon to be eConnect is getting positioned to serve several large markets. As the eGate side of the business grows it wants to branch out into other e-commerce markets. Thus, as the name suggests, eConnect will not just focus on gaming. As I understand the merger, ET&T will own 25% of eConnect, Ebet will own 52% and 23% will be freely traded (There's about 5 million shrs freely trading, so you can do the math). Keep in minded this merger has not yet been approved by the FTC or shareholders. Bett intends to release its 97 10K the week of Jan 18. Then it will follow-up with the 98 10K. A 99 Q1 will follow and who knows may be the last Q filed under the name Betting Inc. depending when the merger is completed. Wexler brings a Wall Street understanding to eConnect and will be a big plus in bringing new investors to eConnect and securing funding. Presently, they are working on a $1 million placement which is very favorable at today's price. Some of you guys that got out at a buck may want to look into this. They will probably follow this placement up with a 504 and then a secondary offering. To further enhance the financial position of eConnect, they have a goal to be listed on the NASDAQ small cap by the end of 99Q3. Also, I understand that eSportsbet is wholly owned by Ebet and that that site will be fully functional by the time March madness rolls around. Recall, eSportsbet is for only offshore gaming. In short, here are three milestone upon which we can measure progress of Betting Inc soon to be eConnect. These being... Jan 18-22 1999 - filing of 97 10K Mar 1999 - eSportsbet up and running Sep 1999 - BETT listed on the NASDAQ As these things and others come together, price should pick up.