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

To: scouser who wrote (855)	1/11/1999 1:42:00 PM
From: ocmayor	Read Replies (1) \| Respond to of 2909

eCONNECT (OTC:BB: BETT) ISSUES “STATE OF THE COMPANY ADDRESS” - January 11, 1999 – To: eConnect shareholders From: E. James Wexler, Chairman & CEO of eConnect Thomas S. Hughes, President of eConnect On Wednesday January 6, 1999, Betting Inc. (OTC:BB: BETT) and eBet, Inc (a private Nevada Corporation) announced that they have reached an agreement to merge. This agreement is pending shareholder approval at the annual shareholder's meeting to be held in March in Las Vegas, Nevada. A news release regarding this agreement follows. Company profiles of Betting Inc. and eBet, Inc. follow the news release. *(Company profiles are prior to this announced merger) Key points in the attached news release include: - eBet, Inc. shareholders to own approximately 52 percent and Betting, Inc. (OTC:BB: BETT) shareholders to own approximately 48 percent of the merged company. - The merged company will be renamed eConnect and retain the stock ticker symbol (OTC:BB: BETT). - E. James Wexler will be chairman, chief executive officer and president of eConnect. - Thomas S. Hughes will be vice chairman of the eConnect Board and President of the eGate division which will focus on the previous business of Betting Inc. - Anthony L. Hall will be the third member of the eConnect Board of Directors and President of the eGaming division which will focus on the previous business of eBet, Inc. - The 5-member eConnect Board will include 2 directors from Betting Inc. (OTC:BB: BETT) 2 directors from eBet, Inc. (Nevada) and 1 outside and independent director, with extensive Wall Street Management and Consulting experience. - eConnect will be incorporated in Nevada in the near future. - Worldwide Headquarters for eConnect will be chosen within the next 30 days. ---------- END PG1----------

To: scouser who wrote (855)	1/11/1999 1:47:00 PM
From: ocmayor	Respond to of 2909

PG2 The Following Profiles are Business Summaries for Betting Inc. and eBet, Inc. prior to the announced merger Betting, Inc. (OTC:BB: BETT) Company Profile The business of Betting Inc., is to pursue PERFECT wagers which are real-time personal encrypted remote financial electronic card transaction same-as-cash electronic wagers placed on games of chance and skill. These transactions will originate from remote sites such as homes, offices, cars and public locations and will be effected by mass marketed home and office and mobile equipment that reads financial cards and which print receipts. Betting Inc. estimates that the present $800 billion-plus global wagering industry will reach $1 trillion by 2001 with at least 20 percent of these global wagers being placed with home, office, mobile and Internet devices sending in same-as-cash debit ATM cards and smart card pay-per-play transactions. Betting Inc.'s focus is on the development of PERFECT wagers and will act as an interface between bank host processing centers which are receiving incoming PERFECT wagers from home, office and mobile terminals and the gaming companies who are being paid from such PERFECT devices. Betting, Inc., is paid a fee per transaction. The goal of eGate is to sign up both Internet and non-Internet-related wagering wagering companies who would like to receive PERFECT transactions. For further information on PERFECT transactions, see . The 1997 10K will be filed with the S.E.C. by the end of January 1999. For company information contact Carnegie Cook at 800/262-2331. For investment information contact Thomas S. Hughes at ---------- END pg 2 of 3----------

To: scouser who wrote (855)	1/11/1999 1:50:00 PM
From: ocmayor	Read Replies (1) \| Respond to of 2909

Page 3 of 3 eBet, Inc. Company Profile eBet, Inc. a private Nevada corporation, and with no relation and with no affiliation with the website, URL address http:\\www.eBet.com eBet, Inc., was formed to own, manage, provide consulting services and turn-key solutions for the international sports and casino wagering industry. eBet, Inc. was created in an attempt to consolidate the now fragmented global sports book and casino industry. An industry which generates in excess of $600 Billion in wagers and an estimated $100 Billion in profits. eBet, Inc. abides by all U.S. Federal and State legislation by only taking management and ownership interests in legally licensed gambling entities domestically and abroad. eBet, Inc. is currently in a definitive agreement with , San Jose, Costa Rica, to provide a complete turn key solution, management control and ownership interest of that licensed sports book. , has plans to expand to an internet format with a time goal of the commencement of the annual NCAA basketball tournament. This internet format will only be available to bettors who are 18 years of age and are permitted by law to place wagers using this medium in their international jurisdiction. , San Jose, Costa Rica, has averaged in excess of $500,000 monthly in accepted wagers and more than $50,000 US in monthly income. Officers CEO E. James Wexler President Anthony L. Hall Vice-President Kevin Lewis For company information contact: E. James Wexler at ---------------------------------------------------------------------------------------------------------- **Information contained in this news release, other than historical information, should be considered forward looking and is subject to various risk factors and uncertainties. Accordingly, actual results may differ from those in any forward looking statements. END DOCUMENT