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Strategies & Market Trends : DD'S Cellar Dweller Stock Watch -- Ignore unavailable to you. Want to Upgrade?


To: Due Diligence who wrote (273)5/19/1999 1:19:00 AM
From: Mariah Smyth  Respond to of 598
 
DD

Hello ~

noticed that as well - watching for now - the infamous i should have invested last week - when i first began to notice - will look for a decent entry ~

again - very nice thread -

thank u

+.+



To: Due Diligence who wrote (273)5/19/1999 10:01:00 AM
From: Jorjenzak  Read Replies (1) | Respond to of 598
 
A reporting OTC to consider or even reconsider. BETT. A bargain at .45 after seeing in excess of .80 two weeks ago. MM games have created a buying op.

Be advised that it has been reported the company is already in negotiations with existing internet companies to start offering these services for their e-commerce customers as soon as the test is finished!

Take a look and do your own DD. Good leads on the SI thread.

**************

To: steveK. (2143 )
From: SCOOBEY-DO Wednesday, May 19 1999 8:24AM ET
Reply # of 2146

BETT News Release:

eConnect to Test Use of ATM Cards At Home, to Send Same-As-Cash Over the Internet to Open/Replenish Gaming Accounts; Will Then Offer Service to Internet Companies

LOS ANGELES--(BUSINESS WIRE)--May 19, 1999--eConnect (OTC BB:BETT), fully reporting, announced today that its eGaming and eGate Divisions have finalized plans to test same-as-cash ATM card usage over the Internet, to open and replenish gaming accounts at Internet gaming services.

Once proven, the technology can also be used to enable any Internet merchant to accept same-as-cash home ATM card payments. eConnect plans to market the service widely to the Internet community.

Using its proprietary host processing facility, hardware and software, eConnect will demonstrate the ability for a consumer to initiate an ATM card transaction at home. This will give consumers easier access to their funds, and provide merchants with a more secure "same-as-cash" payment.

The demonstration will occur in two phases. In phase one, the transaction will be done using eConnect's "Paymaster" terminal. The Paymaster is for consumers who do not have a PC with Internet access. Then, in phase two, the transaction will be done using eConnect's "SLICK", a card reader and PIN pad which attaches to the consumer's PC. The SLICK is used to enter transaction data and encrypt it for secure transmission to Internet merchants.

In both approaches, the consumer will enter their PIN, as they would at an ATM and the data will be encrypted, providing security equal to or better than provided in messages to/from ATMs. Both phases will be demonstrated this summer.

According to an eConnect spokesperson, "Our eGaming Division, which focuses on owning and operating Internet gaming sites, is eager to provide this method of access to its own customers. The demonstrations will occur first on our 777WINS.com and eSportsbet.com sites. After the demonstration, our eGate Division, whose mission is to provide data processing services for other companies, looks forward to marketing the technology and service to all Internet merchants. eGate will market the service and technology under the trade name PERFECT (Personal Encrypted Remote Financial Electronic Transactions)."

"Due to uncertainty in the US regarding Internet gambling, our demonstrations this summer involving gaming will be offshore", the spokesperson continued. "However, once proven, the technology will be marketed this fall for use at any web site that wishes to accept ATM card transactions, for purchases or bill paying".

"Plans for demonstrating the technology for non-gaming uses are also already in place. After the demonstration this summer with eConnect's gaming sites, the technology will be deployed in the US to allow Internet merchants on Globalmarketplacemall.com to accept ATM cards for purchases."

eConnect is a publicly traded company focused on the growing eCommerce market. eConnect operates Internet sites, and plans to markets products and services that enable other Internet and non-Internet merchants to accept ATM and smart card electronic payments from consumers.

eConnect is already generating revenues from 777Wins and eSportsbet.com, but projects revenues to grow rapidly as new web sites are acquired, and as PERFECT processing services are provided to other Internet merchants.

In compliance with new SEC regulations, eConnect is one of only a handful of OTC companies that are fully reporting.

These are forward-looking statements, subject to market uncertainties.
------------------------------------------------------------------------
Contact:

Carnegie Cooke (for eConnect)
Investor Relations
Anita Goldberg, 800/262-2331



To: Due Diligence who wrote (273)5/20/1999 2:39:00 PM
From: lakers17  Read Replies (1) | Respond to of 598
 
LGOV...

Great story here. They have exclusive rights in China from a deal that was signed by a Hong Kong company which they had bought. Laying miles and miles of pipeline for gas and water. They have 200 employees and have revenues and should have earnings which will be shown when they become reporting supposedly June 15th.

The authorized shares are 200 million, outstanding 180 million and the float 50 million. Don't let the big numbers scare you. Two big officers of the company own 70% of them and there is no significant debt and no convertible out there. The president says there will not be a reverse and they are also in negotiations with a big well known partner. No other American company will be able to get into China on this. Well worth the call to President Daniel Mendez at 949-252-2180 to get the whole story. Very impressive. Three or four big news releases coming. Stock trading near the 52 week low at .105. Tons of upside here.

finance.yahoo.com

Lakers