To: Jorjenzak who wrote (82 ) 5/29/1999 11:10:00 AM From: SCOOBEY-DO Respond to of 266
To: ocmayor (1038 ) From: roulette Friday, Jan 29 1999 9:55AM ET Reply # of 2357 ** NEWS ** !! 777WINS Internet Gaming Transactions to be Protected by eConnect ''PERFECT'' Payment System LAS VEGAS--(BUSINESS WIRE)--Jan. 29, 1999--eConnect (OTC BB: BETT - news), has entered into an agreement with 777WINS.com, a leading on-line casino, to provide secure financial transactions for the customers of 777WINS by using eConnect's self-service terminals that accept credit cards, ATM cards and smart cards. eConnect CEO, E. James Wexler, said, ''777WINS has been consistently rated amongst the best Internet Gaming Sites. 777WINS has been ranked number one, two or three by rating services such as Time4Play.com, CashWinners.com, and Finest On-Line Casino.'' Wexler continued, ''we are extremely excited about this relationship and expect many more like it in the near future.'' eConnect's proprietary terminals, located in public locations, give online customers a safe alternative to bypass the Internet with bank card data and personal data for Internet transactions. These financial transfers are also known as ''PERFECT'' (Personal Encrypted Remote Financial Card Transactions) transactions. eConnect has plans to install 5,000 of the self-serviced terminals over the next 12 months in public locations such as hotels,sports bars, cyber cafes and malls to provide customers the flexibility to open accounts and make transactions with 777WINS, VIPsports, Goldmine Casino, eSportsbet, and others to come. 777WINS, a leading on-line virtual casino, has developed ''QuickPlay,'' a proprietary software to facilitate faster and easier playing of casino games. This state of the art software architecture does not require the tedious downloads common to most on-line gaming sites and can be played immediately on most standard web browsers and is compatible with WebTV. eConnect is a high technology Internet entertainment company that operates in the electronic digital gaming and entertainment industry through two equal divisions. The eGaming division of the Company markets a fully functioning sports book in San Jose, Costa Rica, and is developing an online internet gaming and entertainment website at esportsbet.com ., available by mid-March. The eGaming division is in the business of licensing customized, turnkey Internet gaming systems to independent parties wanting to participate in the online gaming industry and provides a ready-to-use operation in exchange for participation in the licensees' revenues. With equal importance and focus the eGate division of eConnect facilitates eCommerce for On-Line Gaming companies by providing a common currency on the Internet through real-time same-as-cash electronic financial transactions known as ''PERFECT'' transactions which are real-time ''Personal Encrypted Remote Financial Electronic Card Transactions.'' Note to Editors: Due to the uncertain regulatory environment as it relates to Internet gaming in the United States and Canada,the Company continues to focus on the market outside of North America until such time as United States and Canadian laws, specifically in regard to Internet gaming, are clarified. eConnect's Internet web pages and networked computer systems are Y2K compliant pursuant to the Year 2000 Information and Readiness Disclosure Act of 1998. Information contained in this news release, other than historical information, should be considered forward looking and is subject to various risk factors and uncertainties. Accordingly, actual results may differ from those in any forward-looking statements. This document contains proprietary information that is the property of eConnect Inc. Neither this document nor said proprietary information shall be published, reproduced, copied, disclosed, nor used for any purpose other than the review and consideration of the shareholders, without written approval from this organization. COPYRIGHT (c) 1998 eConnect Inc. Contact: Carnegie Cooke Anita Goldberg, Investor Relations, 800/252-2331 or 777WINS.com (Costa Rica) Peter Pajarinen, 506/440-4668