PWDR - Here is something I just found in my e-mail after the close today (4/28):
Dear Valued E-Mail Subscribers:
Power Direct, Inc. (OTC Bulletin Board) SYMBOL: PWDR, our February
Profile of the Month which was profiled at $ .59 per share, issued
a press release today. The text is as follows.
****************************************************************
Power Direct, Inc. Acquires Unique Internet E-commerce Project
Company Press Release
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 28,
1999--Power Direct, Inc. (OTC BB:PWDR) announces today that the
Company has signed a binding agreement with E-Card Gaming Systems,
Inc. (E-CARD) to obtain an exclusive license in perpetuity for the
world's first Greeting Card Lotto. E-Card will provide the software
for the operations of the Greeting Card Lotto project. Greenwich
Presentation, Inc. will be responsible for day to day business
operations and marketing.
This untapped business sector has a worldwide market of over
US$15 Billion per year. PWDR will be the leader in this lucrative
industry by being the first online greeting card lottery.
''At this moment in time, and the foreseeable future, most
financial analysts will agree that the best return will be derived
from the world of the Internet and E-Commerce.
Our conservative estimate shows a potential revenue stream of
over US$80 million in the first year, rapidly growing to US$500
million in the Year 2003,'' stated Chairman, Mr. Michael Wright.
The Greeting Card Lotto consists of an Electronic Greeting Card
that is sent to the recipient via E-Mail enabling the recipient to
play an Instant Win ticket for cash and participate in sweepstakes or
huge jackpot prizes. To add to the excitement, the senders will also
share in the jackpot prizes.
Statistics indicate that of the total greeting cards sold
annually, about half are seasonal (ie. Christmas, Easter, etc.) with
the remaining half being birthdays and everyday occasion cards. Sales
of alternative cards especially non-occasion cards are on the
increase.
These greeting cards will be high quality featuring special
effect animation, music songs, custom design facilities, and include
as a gift Instant Lottery Scratch Tickets, and draws of Jackpot of the
month and Grand Jackpot of the year.
Both sender and recipient of the greeting card will have several
chances to win prizes and jackpots that may amount to several million
dollars. Each of our senders could potentially help generate new
customers for us.
The Internet, a tremendous marketing vehicle with exponential
growth, will attract millions of visitors from around the world to our
highly visible web site through various marketing programs that are to
be implemented.
This E-Commerce project will significantly increase Power Direct,
Inc.'s profit base which we believe will have very positive
implications for shareholder value.
On behalf of the Board of Directors
Signed ''Michael Wright''
Michael Wright
Chairman of the Board
For further information, please contact Investors Relations at
604/664-0484 or toll free at 888/488-6882 or please visit
powerdirectinc.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but no limited to, certain delays in testing and evaluation
of products and other risks detailed from time to time in Power
Direct, Inc.s filings with the Securities & Exchange Commission.
Contact:
Power Direct, Inc.
Michael Wright, 604/664-0484
Fax: 604/664-0498
Web Site: www.powerdirectinc.com
****************************************************************
New Board Member for Power Direct, Inc.
Company Press Release
BELLINGHAM, Wash.--(BUSINESS WIRE)--April 26, 1999--Power Direct,
Inc. (OTC BB:PWDR) announces today that it has appointed Mr. Michael
R. Wright as Chairman of the Company. Mr. Wright provides senior
management experience in the entertainment, gaming and casino
industries through his involvement in the development and management
of major entertainment and gaining projects and corporations.
In the entertainment industry, Mr. Wright sold and marketed
amusement video games for Bally Manufacturing. Mr. Wright went on to
hold the position of Executive VP with Exidy (a leading video game
manufacturer). Mr. Wright then oversaw the international sales and
marketing division with Taito Corporation based in Japan. Mr. Wright's
last position in the amusement industry was as the President of
Simutrek -- an industry pioneer in Laser Disk video games.
In the gaming industry, Mr. Wright specialized in the design,
manufacturing, distribution and operation of slot machines for Bally
Gaming. He also resided in Prague, Czech Republic to operate the
National TV Bingo Lottery. As President of On-Point, a San Diego based
company, he was focussed on the manufacturing and sales of high-tech
vending machines for the lottery and transportation industries. As
President and CEO of Border Capital, a Canadian public company, Mr.
Wright directed the development of the software and design of TV game
shows for the global lottery industry.
The Company feels that with the addition of Mr. Wright's
experience and vision, Power Direct is strategically placing itself in
position to capitalize on the growth of the Internet's use for
entertainment and gaming.
On behalf of the Board of Directors
Jack Sha, President
For further information, please contact Investors Relations at
604/664-0484 or toll free at 888/488-6882 or please visit
powerdirectinc.com.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time in
Power Direct, Inc.'s filings with the Securities & Exchange Comm
Contact:
Power Direct, Inc.
Jack Sha, 604/664-0484 or 888/488-6882
_______________________________________________________
Just a little more "pump" during the "dump"
Good luck all.
Kevin |
