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Non-Tech : PSCKF - Playstar Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Broughton who wrote (71)	1/27/1999 10:55:00 AM
From: Mags	Read Replies (2) \| Respond to of 330

Here is the real press release: January 27, 1999 10:49 PlayStar Wyoming Holding Corporation - Press Release ST. JOHN'S, Antigua--(BUSINESS WIRE)--Jan. 27, 1999-- (OTC BB:PSCKF) PlayStar Wyoming Holding Corporation announced today the signing of a definitive agreement with Cyberstation St. Kitts Ltd. The agreement calls for the creation of a wholly owned subsidiary, the primary business of which will be secure electronic Internet credit card transaction processing. The Company has also reorganized its management. The Company has entered into an exclusive agreement with Cyberstation St. Kitts to manage the day to day operations of PlayStar subsidiaries - concentrating on the enormous potential presented by electronic commerce solutions. Mr. Bill Tucker, Chairman of the board of PlayStar said, "I am absolutely delighted at this relationship as I believe Cyberstation's technology now puts us at the leading edge of secure Internet credit card transaction processing. Both Joseph Alves and his partner, Alicia da Conceicao bring tremendous practical experience to the field and it is my firm belief that their combination of strong banking ties together with one of the most robust technologies in the field bodes very well for our future." "Moreover," said Tucker, "it is clear that Cyberstation brings a second generation of casino gaming back office software and systems management that will allow PlayStar to have the most well rounded casino gaming site on the Net. I am very anxious to explore the many licensing opportunities that currently exist in the on-line gaming market." Joseph Alves of Cyberstation St. Kitts said "I am excited about the prospect of re-focusing the Company's primary thrust into the area of Internet global transaction processing." According to International Data Corporation, the market for Internet transaction processing is projected to increase from $200 billion today to $1 trillion dollars by 2002. The Company hopes that the relationship with Cyberstation will generate profits promptly. Management has adopted a strategy that will create several marketing teams to deal with different industry segments. The Company believes those industry segments have a substantial need for a reliable and secure solution to credit card processing problems and that the Cyberstation, "Cash Engine" technology addresses that need for all retail online businesses, with its 2048 bit encryption technology providing the most secure encrypted link between the merchants and transaction servers available today. Cyberstation's "Cash Engine" technology effectively automates the credit card process, inasmuch as it allows the merchant and customer smooth, quick and secure processing of credit card transactions. Currently many Internet credit card transactions are conducted manually and often require phone calls to the appropriate credit card provider for customer approval or the use of operators on veriphone terminals. Cash Engine's software eliminates any manual input and allows for transactions to be conducted live in a timely, efficient and secure fashion. The software also allows for a detailed analysis of customer trends and spending habits to be observed by the merchant. It automatically rejects transactions if the credit card used is either stolen, fraudulent, or expired. An additional and important merchant tool, is the software's ability to provide a built-in, comprehensive accounting package, which allows for accurate and efficient online book-keeping and business management. Furthermore, the software has the capability of monitoring merchant's advertising campaign's by "watching" business activity geographically. The technology has been designed to be completely portable. While there are those customers who will require individual attention to specific detail, the technology is designed so that it may be used for any kind of Internet retail activity. Trade shows have been booked for the coming year in order to promote the company's products worldwide. For example, the Cash Engine technology has already reserved booths at several electronic commerce trade shows and will be present in Toronto, New York, Los Angeles and Tel Aviv. The Company most recently unveiled its "Cash Engine" technology at the Interactive 2000 trade show in Las Vegas and believes it received an overwhelming response from the industry representatives attending the show. The Company believes that the "Cash Engine" technology combined with the experience and expertise of management will generate positive cash flow and looks forward to the future in a spirit of enthusiastic optimism. Joseph Alves, M. A. A leading authority on Internet and computer management systems and design for over 10 years, Mr. Alves has a comprehensive business and technical background. Amongst many high profile clients, Mr. Alves includes government agencies, high profile corporate clients and several large mutual fund and marketing companies. Over the last 3 years he has developed an extensive network of international banking and e-commerce relationships. Alicia da Conceicao, MSc. Perhaps one of the world's leading experts in advanced cryptography, Alicia's formal background has been in the area of advanced mathematics, computer modeling and nuclear physics. Alicia has been developing and implementing E-commerce systems and solutions for many high profile clients for over 4 years, and has been involved in Internet development for over 14 years. The statements in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from PlayStar's expectations. CONTACT: PlayStar Wyoming Holding Corporation Howard Miller, 416/408-4108