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Non-Tech : ADVV (Advantage Technologies) - formerly CSIN -- Ignore unavailable to you. Want to Upgrade?

To: Michael Graham who wrote (209)	5/23/1999 10:35:00 PM
From: Whisperer!	Read Replies (1) \| Respond to of 483

Well put Michael...My understanding was that gross bets were considered gross revenue. Gross profit was the casinos cut of the gross bets. Net profits were gross profit minus expenses. CSIN has just opened. I suspect we will see their numbers in the next month or so. Either way you slice it up CSIN will keep a very high percentage of gross profit. They do not have the overhead many of the other online gaming people do. Remember they are buying franchises. Those franchises come with all the back up support supplied by the franchisor. With out an over head like SNMM and a very small capitalization (only 6.143 million shares) CSIN could way outperform them. When the company stated $1.50 per share they were talking about their first full year of operations. The companies first casino went online in April of 1999. As far as reporting numbers the company told me they intend to comply with the SEC and become fully reporting as quickly as possible. I like CSIN here. They have acquired other franchises as they said they would. They have entered into negotiations to acquire proprietary software as they said they would. That to me is a good start. Most of the other things you have discussed need only time. I too am anxious to see some concrete financial results...but we all have to wait. Check out the companies web site @ casinopirata.com

To: Michael Graham who wrote (209)	5/24/1999 3:36:00 PM
From: THOMAS GOODRICH	Read Replies (1) \| Respond to of 483

Michael, I will try to clarify some misinformation being communicated on the threads. The estimate of 15% of the gross amount wagered as net income for sportsbook operations is mostly accurate. Expenses are variable and depend on such things as affiliate marketing programs, advertising, customer chargebacks, etc. etc. The net win to the franchisee could be more or less but, 15% is usually a good baseline number to agree on. There are indeed several online gaming web sites doing in excess of $5 million per month gross handle that we are of. Most of these operations have been operating for more than 2 years and have been and are ongoingly heavily promoted. There is a distinction between development companies such as Starnet and the like versus franchisees as CSIN, etc. Starnet does indeed have overhead, however, profits from multiple revenue streams in splits with franchisees as well as operating as a house themselves. In addition, future e-commerce initiatives are planned. CSIN is a franchisee of WorldNet Gaming who provides a turn-key themed web site, hosts the software, provides the gaming license and handles financial processing in exchange for approximately 50% of the net win. CSIN's primary obligation is to market their web site. TG