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To: jgideon who wrote (4460)	4/17/1999 11:51:00 AM
From: Dale Baker	Read Replies (3) \| Respond to of 118717

Does anyone know if this is even legal (online lotteries)? And what will their burn rate be before they get new contracts? Seventy million can last a long time. And if someone can determine the outstanding shares and float for ELOT I would appreciate it. From XTON's 10-K:"eLottery currently plans to become a web-based retailer of lottery products and to provide a wide array of products and services for the domestic and international lottery markets. eLottery develops, provides and maintains Internet, Intranet, telephone, communications, accounting, banking, database and other applications and services to facilitate the electronic sale and distribution of new and existing lottery products worldwide. eLottery has developed a new generation of proprietary lottery technologies designed to take advantage of the impact that eLottery believes recent advances in telecommunications and computers will have on the nature and delivery of lottery products and the support systems necessary to administer them. eLottery believes it is the first to develop and operate secure, integrated Internet, Intranet and telephone lottery gaming systems. Its Internet and Intranet systems provide for the electronic sale and support of both periodic and instant draw lottery games and instant electronic "scratch-off" games. Using eLottery's systems, lotteries will be able to electronically distribute lottery tickets for both periodic and instant draw lottery games over the Internet through eLottery's websites, eLottery.com or eLotteryWorld.com, through an Intranet, using telephony and through stand-alone custom-designed electronic lottery terminals located in horse racing facilities, bars and other age-regulated environments. eLottery believes that the electronic distribution of lottery tickets through these systems will increase sales for lotteries because the systems make the purchase of tickets easier and use technology to enhance the lottery gaming experience. Subject to applicable law, eLottery plans for the eLottery.com website to be a site containing links to the sites of participating lotteries utilizing eLottery technologies to sell their lottery tickets over the Internet. eLottery also may sell lottery tickets as an agent for certain lottery operators. The eLottery.com website and the lotteries will have the ability to remain open 24 hours a day, seven days a week without incurring additional overhead costs, and will be able to electronically distribute lottery tickets and games and offer lottery players convenient and timely product fulfillment, including the ability to pay prize winnings or cash credits on an overnight delivery option for a fee via check or electronic funds transfer. eLottery believes that its Internet lottery distribution systems will encourage lottery patrons to play more frequently and will also attract new lottery customers. eLottery believes that its systems provide lotteries with numerous advantages relative to traditional means of distribution including player tracking ability, sale of tickets over the Internet and entertaining fast-play instant games and the combination of the advantages of Internet commerce and eLottery's ability to customize its systems will result in eLottery becoming an agent and leading provider of products and services for the lottery industry.

To: jgideon who wrote (4460)	4/17/1999 12:34:00 PM
From: Softechie	Read Replies (1) \| Respond to of 118717

jgideon..I wonder if it's true with EBAY? Plenty of auction sites went online and EBAY just kept on trucking. I wonder why? Why would a prestige guy like Frank Carey decided to be on the Board of Directors for this company? 70 million dollars jump start for nothing? Granted that they will have at least 1 contract to show revenue and they will. The CEO was on CNBC Friday and you know what, he said there are no legality barriers with the state lotteries. You know what is the market size for lotties like Powerball? I can see your risky points but I won't let another EBAY missed me by. I'm long since $3 and have plenty of shares.