The Unabridged History of Winners and Losers

[Tatari Gami]

Skousen stuff
http://www.sec.gov/litigation/admin/34-45856.htm

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 45856 / May 1, 2002
ADMINISTRATIVE PROCEEDING
FILE NO. 3-10775

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In the Matter of

Christina Skousen,

Respondent.

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ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS

I.

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest to institute public administrative proceedings against Christina Skousen ("Skousen" or "Respondent") pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act").

II.

In anticipation of the institution of these administrative proceedings, Respondent has submitted an Offer of Settlement ("Offer"), which the Commission has determined is in the public interest to accept. Solely for the purpose of this proceeding, and any other proceeding brought by or on behalf of the Commission or to which the Commission is a party, Skousen, without admitting or denying the findings herein, except as to the Commission's jurisdiction over her and over the subject matter of this proceeding, which is admitted, consents to the issuance of this Order Instituting Public Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions ("Order") and to the entry of the findings and the imposition of the remedial sanctions as set forth below.

III.

Accordingly, IT IS ORDERED that said proceedings be, and hereby are, instituted.

IV.

Based on this Order and Skousen's Offer, the Commission finds the following:

A. Skousen, age 48, resides in Novato, California. From January 1990 to November 1999, Skousen held Series 7 and 64 securities licenses. She worked as a registered representative for various broker-dealers from 1990 to 1993. She has been employed as a writer of research reports since 1995.

B. Nanopierce Technologies, Inc. ("Nanopierce"), formerly known as Sunlight Systems Ltd. and Mendell Denver Corp., is a Nevada corporation headquartered in Denver, Colorado. Nanopierce claims to be engaged in the design, development and licensing of products using its patented technology, which improves electrical, thermal and mechanical characteristics of electronic products. Nanopierce's common stock is traded on the OTC Bulletin Board (a service of Nasdaq Stock Market, Inc.) ("Bulletin Board"), and the company has filed reports with the Commission since July 1996.

C. Winners Internet Network, Inc. ("Winners") is a Nevada corporation headquartered in Liechtenstein. Prior to March 2001, Winners was headquartered in St. Augustine, Florida. Winners claims to provide online financial processing for internet casinos using Winners' proprietary processing software and plans to provide financial processing and internet banking services to other e-commerce companies. Winners' common stock is traded on the Pink Sheets, and the company has filed reports with the Commission since December 1999.

D. Infe.Com, Inc. ("INFE"), formerly known as Infocall Communications Corp., is a Florida corporation headquartered in Vienna, Virginia. INFE claims to provide core infrastructure services, access to working capital, and merger partners for emerging growth public and private companies that focus in technology. INFE's common stock is traded on the Bulletin Board, and the company has filed reports with the Commission since December 1999.

E. Searchhound.Com ("Searchhound"), formerly known as Pan International Gaming, Inc., is a Nevada corporation headquartered in Kansas City, Missouri. Searchhound claims to be an Internet property that provides a content filtering search engine for the Internet under the trade name of Searchhound.com. Searchhound's common stock is traded on the Bulletin Board, and the company has filed reports with the Commission since February 1998.

F. Myweb Inc.Com. ("MyWeb") is a Nevada corporation headquartered in Malasia. MyWeb claims to be "a major Asian Internet online services company which utilizes alternative access devices as a means of distributing portal services" to customers. In 1999, the company, then known as Asia Media Communications, Ltd., acquired all of the issued and outstanding stock of a Malasian entity, and changed its name to MyWeb. MyWeb's common stock is traded on the American Stock Exchange, and the company has filed reports with the Commission since 1988.

G. Nanopierce, Winners, INFE, Searchhound and MyWeb are penny stocks within the meaning of Sections 15(b)(6) and 3(a)(51) of the Exchange Act and Rule 3a51-1 thereunder.

H. On March 6, 2002, in Securities and Exchange Commission v. Christina Skousen, individually and doing business as CSK Securities Research (Civil No. C02-0894-VRW ) (N.D. Cal.), the United States District Court for the Northern District of California entered a final judgment permanently enjoining Skousen from violating Section 17(b) of the Securities Act of 1933 ("Securities Act"), and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.

I. The injunction was based on the Commission's allegations that between approximately May 1999 and December 2000, Skousen wrote research reports touting eight microcap issuers, including Nanopierce, Winners, INFE, Searchhound and MyWeb. Skousen's reports for all of the issuers except MyWeb contained false and misleading financial and stock price projections. The projections lacked a reasonable basis because, among other things: (1) they were not supported by the financial track records of the issuers; (2) certain of the issuers, including INFE and Nanopierce, were the subject of going concern audit opinions; and (3) six of the issuers, including Nanopierce, Winners, and Searchhound, required significant additional financing, which was not assured, to implement their business plans or continue in operation. Skousen's reports for the same issuers also contained arbitrary projected stock prices. In addition, Skousen falsely represented that Searchhound was "well-capitalized" when it had previously disclosed that it required additional working capital in order to continue as a going concern. Skousen's reports touting Winners and MyWeb failed to disclose compensation that she directly or indirectly received from these issuers. Skousen's reports caused the price and/or volume of the stock of six of the seven issuers to increase significantly in the short term.

J. Skousen participated in offerings of the penny stocks of Nanopierce, Winners, INFE, Searchhound and MyWeb.

V.

Based on the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions specified in the Respondent's Offer.

Accordingly, IT IS ORDERED that Respondent be, and hereby is, barred from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock; or inducing or attempting to induce the purchase or sale of any penny stock.

By the Commission.

Jonathan G. Katz
Secretary

http://www.sec.gov/litigation/admin/34-45856.htm

[Tatari Gami]

Copied from WINR Website on August 16, 2002
http://www.winr.net (Contacts)

Winners Internet Network, Inc. has it's headquarter in Ruggell, Liechtenstein. Please feel free to contact us at the addresse, phone number or email listed below with any questions regarding investment, processing, or possible joint ventures or partnerships. We have relied on the input, support and suggestions of many good people as we have grown, and intend to continue to do so.

Thank you for your interest.

Headquarter: Schlattstrasse 215, 9491 Ruggell, Liechtenstein
Phone: [phone]
Fax: [phone]
Email: [e-mail]

[Tatari Gami]

Copied from WINR website on August 16, 2002
http://www.winr.net (About WINR)

Who We Are

Winners Internet Network is a company on the move. Conceived in 1995 and founded in 1997, the Company’s founders perceived early on the power and potential of the Internet for communication and commerce.

In 2001 Winners Internet Network moved the operational part of the company to Liechtenstein.

Sensing the enormous opportunity that this represented, they looked for a common denominator in the infrastructure that would be required to support this new business environment. That common denominator was the processing of financial transactions.

Financial Transactions – The Key to the Internet

At every level, the implementation of commerce via a medium such as the Internet would require the transfer of funds – whether for purchases of products, payment for services or other financial instruments.

At the heart of any such business transaction lies the transfer of money. And where such a transfer was to occur, there would be a need for the execution, clearing, tracking and accounting of such transfers. It was into this huge market that the company launched its development efforts.

Confidence, Security, Reliability

Realizing that the key to the success of this new medium lay in building customers’ confidence that their interactions on the web were protected and secure, Winners chose to develop, implement and test their financial systems in the most hostile of environments – transaction processing for Internet gaming.

Known as an arena subject to innumerable assaults and attacks on the integrity of its financial systems, the Company correctly ascertained that gaming provided the ultimate test for such a system – a system which could then be scaled to address the far greater marketplace of e-commerce.

What We’ve Accomplished

Over the last few years, Winners has developed and installed a secure, fully tracked, financial processing system, and successfully implemented this system to handle end-to-end transaction processing for the gaming industry.

The Company has built a powerful reputation in the industry as the full service provider, known for its reliability, integrity and responsiveness.

Where We’re Headed

While continuing to support and grow its profitable processing operations for the gaming business, Winners is now actively engaged in expanding the scope of its business operations to embrace the enormous potential of the e-commerce marketplace.

Not just a vision of the future, the Company has already executed a contract, implemented the system, and begun processing for the Internet e-commerce subsidiary of TA Media, one of the most successful media enterprises in Switzerland with daily newspapers, magazines, radio and TV stations.

High Praise

As further evidence of the high regard in which Winners processing operations are held, Juerg Grau CEO of TA Media’s Internet subsidiary stated, “the Winners solution was selected after an in-depth evaluation because of the company’s track record, efficiency, reliability and security. We’ve found a lot of promises on the market, but we needed instant availability and high quality."

Through its proprietary e-commerce system, Winners will process all classified advertising placement over the Internet, and is facilitating the company’s expansion into online magazine subscriptions and other product lines.

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Winners Internet Network is a company on the move. The Company is working to rapidly position itself as one of the premier financial transaction processors and integrators in Europe. Through a series of recent acquisitions and partnerships, it has laid the groundwork for an integrated financial processing and e-commerce network that will offer compelling benefits and proprietary advantages over its competitors. Already profitable, the Company has now demonstrated that it can execute on this expanded vision by signing on the Internet subsidiary of a leading European media company for its processing services.

The company can now proceed simultaneously to become one of the leading and most secure enablers of financial transactions for others, while building out its own powerful e-commerce identity operating over the same network. We believe that this strategy will maximize shareholder value and insure a strong and prosperous future.

[Tatari Gami]

Copied from the WINR website on August 16, 2002
http://www.winr.net (Products and Services)

Transaction Processing

Winners provides financial transaction processing services for internet businesses, with an emphasis on security, privacy and reliability. The Company chose to initially develop and deploy its systems in the internet gaming business on the grounds that this was one of the most hostile environments available, where such a system would be attacked incessantly by those who are drawn to the high volume cash flows and the chance to subvert the system.
The system withstood the test, and in the process, Winners has developed a profitable, cash generating business which it will continue to enhance and support as the company expands into the much larger e-commerce marketplace.

The Company’s flexible processing system is called e-Swipe, and is secured under SSL behind a firewall. It comes in 3 varieties: Direct, Host and Web. DIRECT allows a vendor to process a credit card automatically from their web site without the customer leaving their site. HOST - gives the vendor the option of not dealing with credit card numbers directly or the requirement for a secure site. When the time comes for the customer to pay, the customer is directed to WINR’s secure site for processing of the payment and then directed back to the vendor's site once he has paid. WEB - provides the ability for the vendor to process credit cards using accounting personnel from their company. WINR also provides a secured vendor site for vendors to go to view and process their account, including the ability for vendors to make withdrawals via check or wire transfer. This e-Swipe system works equally well for casino and general e-commerce applications.

The Company is already engaged in processing for e-business, having landed a major contract with the internet division of TA Media, a 400 Million Dollar per year media giant in Europe which owns newspapers, radio stations, magazines and more. The TA Media internet site provides multiple marketplaces including Classifieds, Real Estate, Auctions, and Autos.

Ongoing marketing and development efforts are underway to further expand the offerings, capabilities, and client list of Winners in the e-business arena.

Secure Communications

Central to the provision of any financial transaction processing is the requirement for secure communications of transactions and of personal or confidential financial information. Winners is involved in the ongoing development and deployment of technology and systems designed to insure the safety and reliability of such communications.

With servers based in Liechtenstein, a country known for what may well be the world’s strictest financial privacy laws, the Company is in a unique position to provide clearing and hosting of applications which can provide virtually complete confidentiality and protection to responsible businesses and clients.

The Company is pursuing internal development and various relationships and partnerships with outside providers to insure that its security offerings and communications technology remain leading edge.

[Tatari Gami]

Copied from the WINR website on August 16, 2002
http://www.winr.net (Partners & Members)

Cyberlink Monetary Systems

Cyberlink Monetary Systems is one of the joint venture companies of Intertreuhand with Winners Internet Network, Inc. and was founded in 1998 for the exclusive use and application of providing invoicing, payment, and accounting services via the Internet. CMS is a Liechtenstein trust, for the beneficial interest of those clients of Winners for whom it handles financial transaction processing. This structure insures clients of Winners’ financial processing that their funds are secure, separate, and managed by a bonded trust company. Bank accounts are maintained in the name of CMS on behalf of clients, and are subject to the full fiduciary and financial privacy laws of Liechenstein. CMS enables and implements the facilities which permit for Winners to offer basic banking functions to its clients within a secure and protected financial structure.

SupraNet AG

SupraNet AG is an ISP located in Ruggell, Liechtenstein. Sensing early on the opportunities implicit in the reputation of Liechtenstein and its legal protections for financial security and banking privacy, the founders of Supra Net have worked to leverage their network offerings with security protocols and integrated systems. In SupraNet, Winners found a partner who could offer both venue and expertise which supports the levels of security that Winners strives to provide to its customers.

SupraNet AG is one of the few profitable Internet Service Providers (ISP) in Europe and has been in business since 1995. Since its inception SupraNet AG had experienced average annual growth of over 80% and expects the same continued growth pattern in the future. The partnership with SupraNet AG lays the strongest foundation possible for Winners Internet Network and SupraNet AG for its worldwide expansion in e-commerce. Ronald Oehri, CEO and President of SupraNet AG, stated: "Winners Internet Network has completed the equation for SupraNet AG to achieve its global presence in e-commerce. I personally believe that Liechtenstein offers the largest growth opportunity in the world for e-commerce because of its centralized location in Europe and its membership in the EEC (european economic community). European e-commerce is in its early stages and is set for explosive growth."

Winners Internet Network and SupraNet AG share its European headquarters in the Cyber-Villa, located in Ruggell, Liechtenstein. This location and this union will allow all merchants the opportunity to physically locate their servers for e-commerce in Liechtenstein achieving the most expeditious, secure, safe, and confidential processing of their financial transactions in the world.

Services rendered by SupraNet AG include individual and commercial Dial-Up Internet Access, Leased Lines to major corporate and banking customers, DSL Connections, Hosting and Venue using virtual or physical servers, Email, and Secure Communications offerings.

Intertreuhand Trust

Intertreuhand is one of the most respected and prestigious fully licensed trust and asset management companies in Liechtenstein, offering more than 30 years of know-how & experience in international tax planning and professional company structures as well as in estate planning. Intertreuhand is managed by a board of six executive directors of which Dr. Reinhard Proksch is the partner responsible for the firms Telecom Group.

The Telecom Group serves telecommunications, media, and new media clients and ventures, including Winners Internet Network, Inc. Intertreuhand not only provides consulting services, but also has entered into a number of actual joint ventures with foreign companies, directly and/or indirectly through its affiliated European Economic Institute, a Liechtenstein social and economical research and development institution founded in 1965.

Members

Winners developed its financial processing system in the rigorous world of online gaming where we knew we would experience all possible forms of attack on the integrity of the system. Having tested and proven the technology in this environment, we are now engaged in expanding into the broader e-commerce arena. In the e-commerce area, we are negotiating deals both with companies with existing operation and with development stage companies that are rolling out their businesses and web sites over the coming months.

[Tatari Gami]

Press Release 1-29-2002: Concerning Visa Contract
http://www.winr.net/investors/PR-1-29-02.htm

Stefan Vogt, Chief Executive Officer of Winners Internet Network, today announced that a new credit card processing agreement was signed with UBS Bank, Zurich. He indicated that the new agreement will provide the basis for restarting marketing efforts for the company’s Internet credit card clearing services. Mr. Vogt indicated that the marketing efforts will begin in February.

About Winners Internet Network

Winners Internet Network ( www.winr.net ) is a financial transaction processor and integrator, with processing operations based in Europe. Winners services both vendors and customers in the Internet-based e-commerce space with state-of-the-art secure financial transaction software and technology.

Disclaimer

Information contained in this news release - other than historical information - should be considered as forward-looking, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and as such is subject to various risk factors and uncertainties. For instance, Winners Internet Network, Inc.'s strategies and operations involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries, and numerous other factors. Accordingly, actual results may differ materially from those in such forward-looking statements.

CONTACT:

Winners Internet Network Inc.

Stefan Vogt, [phone] Only

Via E-mail Only: [e-mail]

KEYWORD: FLORIDA

[Tatari Gami]

Press Release 4-30-2002
http://www.winr.net/investors/PR-30-4-02.htm

Changes at Winners Internet Network

Ronald Oehri, Director, Winners Internet Network, today announced that Stefan Vogt, Chief Executive Officer of Winners Internet Network will be leaving the company at the end of May. Mr. Vogt plans to assume a position in his family’s Liechtenstein based business. Mr. Oehri expressed his appreciation for the efforts of Mr. Vogt in helping to solve the company’s legal, regulatory and operating problems over the last year. Mr. Oehri indicated that plans are being discussed to incorporate the marketing and operating activities of the company into the expanding activities of Cybervilla AG.

About Winners Internet Network

Winners Internet Network ( www.winr.net ) is a financial transaction processor and integrator, with processing operations based in Europe. Winners services both vendors and customers in the Internet-based e-commerce space with state-of-the-art secure financial transaction software and technology.

Disclaimer

Information contained in this news release - other than historical information - should be considered as forward-looking, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and as such is subject to various risk factors and uncertainties. For instance, Winners Internet Network, Inc.'s strategies and operations involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries, and numerous other factors. Accordingly, actual results may differ materially from those in such forward-looking statements.

CONTACT:

Winners Internet Network Inc.

Ronald Oehri, [phone] Only

Via E-mail Only: [e-mail]

KEYWORD: FLORIDA

[Tatari Gami]

May Shareholders' Letter
http://www.winr.net/investors/Inv-5-2-02.htm

May 2, 2002

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the ninth report.

Overall Business

Overall business conditions have not changed since last months report.

Specific Issues

Liquidity

Our cash position is sufficient to sustain operations for the foreseeable future and we continue to work with the Company’s local bank to ensure access to our funds to meet operational needs.

SEC Investigation

The SEC investigation is ongoing. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status.

Visa/UBS Card Contracts

Marketing to potential new clients continues and some prospects have been identified.

Winners Internet Network, Inc./CyberLink Monetary Systems

The Company continues to identify, evaluate and clarify contractual and operational relationships between the Company and CMS as well as the ownership structure of CMS. These activities are underway to ensure that the Company establishes and/or renews the appropriate contracts with CMS and to ensure that transactions between the two entities can be accounted for correctly going forward if, and when, the Company is in a position to resume normal financial accounting and reporting activities.

There are no changes to report concerning the status of SEC reporting or relisting the Company’s stock.

As indicated in the press release earlier this week, I will be leaving the Company at the end of this month to accept a position in a family owned business. I’ve enjoyed the last year and hope that my efforts to improve the Company pay off down the road. Ronald Oehri, a member of the board of directors, will assume the leadership position and he will be communicating with you about his plans for the Company soon.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

April 2002 Shareholders' Letter (No March Letter)
http://www.winr.net/investors/Inv-4-4-02.htm

April 4, 2002

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the eighth report.

Overall Business

Overall business conditions have not changed since last months report.

Specific Issues

Liquidity

Our cash position is sufficient to sustain operations for the foreseeable future and we continue to work with the Company’s local bank to ensure access to our funds to meet operational needs.

SEC Investigation

The SEC investigation is ongoing. Discussions were held with SEC staff in March concerning completion of the process. Additional activity in this regard will take place this month. In the meantime we continue to respond to the SEC’s data request. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status.

Visa/UBS Card Contracts

The new contract with Visa has been signed. Marketing to potential new clients began mid-February and some prospects have been identified.

Winners Internet Network, Inc./CyberLink Monetary Systems

The Company continues to identify, evaluate and clarify contractual and operational relationships between the Company and CMS as well as the ownership structure of CMS. These activities are underway to ensure that the Company establishes and/or renews the appropriate contracts with CMS and to ensure that transactions between the two entities can be accounted for correctly going forward if, and when, the Company is in a position to resume normal financial accounting and reporting activities.

There are no changes to report concerning the status of SEC reporting, relisting, or the management team. One change took place concerning the Board of Directors – Dr. Reinhard Proksch resigned.

This is the eighth monthly report. I’ll prepare another one later this month or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

February 2002 Shareholders' Letter
http://www.winr.net/investors/Inv-2-26-02.htm

February 26, 2002

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the seventh report.

Overall Business

Overall business conditions have not changed since last months report.

Specific Issues

Liquidity

Due to the high proportion of funds retained by the Company from customer’s responsible for excessive chargebacks, our cash position is sufficient to sustain operations for the foreseeable future. The Company’s local bank has indicated that it needs certain information concerning the relationship between the Company and CyberLink Monetary Systems (CMS) to ensure continuing access to our funds. We are in the process of responding to the bank’s request.

SEC Investigation

The SEC investigation is ongoing. Documents requested by the SEC that we have in our possession are being assembled and shipped to them on an ongoing basis. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status.

Visa/UBS Card Contracts

The new contract with Visa has been signed. Marketing to potential new clients began mid-February.

Winners Internet Network, Inc./CyberLink Monetary Systems

The Company continues to identify, evaluate and clarify contractual and operational relationships between the Company and CMS as well as the ownership structure of CMS. These activities are underway to ensure that the Company establishes and/or renews the appropriate contracts with CMS and to ensure that transactions between the two entities can be accounted for correctly going forward if, and when, the Company is in a position to resume normal financial accounting and reporting activities.

There are no changes to report concerning the status of SEC reporting, relisting, the management team, or the Board of Directors.

This is the seventh monthly report. I’ll prepare another one in March or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

January 2002 Shareholders' Letter
http://www.winr.net/investors/Inv-1-29-02.htm

January 29, 2002

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the sixth report.

Overall Business

Overall business conditions have changed in some respects.

Specific Issues

Liquidity

The Company’s liquidity situation has changed slightly. Due to the high proportion of funds retained by the Company from customer’s responsible for excessive chargebacks, our cash position is sufficient to sustain operations for the foreseeable future. However, the Company’s local bank has indicated that it needs certain information concerning the relationship between the Company and CyberLink Monetary Systems (CMS) to ensure continuing access to our funds. That information will be given to the bank. Additional information about this issue is described below.

SEC Investigation

The SEC investigation is ongoing. Documents requested by the SEC that we have in our possession are being assembled and shipped to them. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status.

Visa/UBS Card Contracts

The new contract with Visa has been signed. Visa/UBS will hold funds due us for up to 180 days (due to the nature of our business, the businesses using our service and current customer base). That point will make it difficult for us to secure new customers. However, we have no choice but to see if we can find customers willing to do business with us notwithstanding that onerous term. As indicated before, we created a database of potential customers for marketing. We’ll begin contacting them this week.

Winners Internet Network, Inc./CyberLink Monetary Systems

The Company is in the process of identifying, evaluating and clarifying the contractual and operational relationship between the Company and CMS as well as the ownership structure of CMS. These activities are underway to ensure that the Company establishes and/or renews the appropriate contracts with CMS and to ensure that transactions between the two entities can be accounted for correctly going forward if, and when, the Company is in a position to resume normal financial accounting and reporting activities.

There are no changes to report concerning the status of SEC reporting, relisting, the management team, or the Board of Directors.

This is the sixth monthly report. I’ll prepare another one in February or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

December 2001 Shareholders' Letter
December 27, 2001

http://www.winr.net/investors/Inv-12-27-01.htm

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the fifth report.

Overall Business

Overall business conditions have not changed.

Specific Issues

Liquidity

The Company’s liquidity situation has not changed. Visa has released almost all owed funds and we continue to fund current operations from the portion of those funds that represent our fees. Overall, our cash position continues to be sufficient to continue operations for a couple more months. As indicated in my last report, we have discontinued our efforts to find new investors since the likelihood of finding one is still remote.

SEC Investigation

The SEC investigation is ongoing. We’re in the process of assembling the requested documents that we have in our possession. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status.

Visa/UBS Card Contracts

We completed discussions with Visa concerning a new contract. We expect to sign the contract next year. Due to the Christmas holidays the process of signing the contract is delayed. The major contractual issue affecting our business is still the Visa/UBS’s position that they will hold funds due us for up to 180 days (due to the nature of our business, the businesses using our service and current customer base). That point will make it difficult for us to secure new customers. However, we have no choice but to see if we can find customers willing to do business with us notwithstanding that onerous term. As indicated before, we continue to build a database of potential customers for marketing and have had discussions with large potential customers. We’ll start contacting them as soon as we sign the contract.

There are no changes to report concerning the status of SEC reporting, relisting, the management team, or the Board of Directors.

This is the fifth monthly report. I’ll prepare another one in January or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

How to Price Your ISP When It's Time to Sell
http://www.isp-planet.com/business/knight_valuation.html

The key to maximizing return on your years of investment and hard work is finding the buyer for whom your assets have the highest value.

by Christopher M. Knight
[July 12, 1999]

You've made the big decision. After years of building your successful ISP business, it's time to bail out, cash out, get out, and burn rubber down the road into the sunset . . . but how do you put a price tag on your ISP? How much should you ask and how much can you get? This article explores some of the options.

For a market to exist, a willing seller must be matched with a willing buyer. It doesn't matter how much you want if there's no one in the market willing to pay what you're asking. So the goal is to look for the buyer that can maximize, leverage, utilize, and value your ISP most highly.

ISP industry idiosyncrasy
Outside of the ISP industry, many non-public businesses are valued based on some percentage of annualized sales revenue (typically 1 to 5 times annual earnings). Historically, however, the ISP industry appears to prefer to price companies based on a value per subscriber, which is then multiplied by the number of subscribers to arrive at an asking price.

That's the theory. In practice, buyers' contracts often specify that the seller gets paid only for the subscribers that remain with the new ISP after the deal. Typically, if you get more than 80 percent to convert to the new ISP, you are doing well.

Imperfect as it may be, the subscriber value method is a good place to start in determining an asking price. Some of the major factors that help determine a value per subscriber are:

The size of your subscriber base (bigger is better)
Your average revenue per subscriber
Your geographic POP situation is in relation to the buyers needs
The percentage of your subscribers paying by credit card or electronic draft (as opposed to printing invoices or terms)
Your growth rate, in terms of your marketing flywheel and its ability to keep bringing in new subscribers after the deal is made
Your churn ratio (lower is better)
Affiliate, associate, or computer dealers signed up to hawk your services
Who will be paying your early circuit- or service-termination expenses, if any
Tip: For the typical ISP with around 2,500 subscribers, the current going rate (July 1999) is between $150 and $400 per subscriber. Your mileage may vary. The larger you are, the more power you have to fetch higher valuations.
Physical assets
Note that the above discussion says nothing about the value of your network, servers, dial-up access switches, vendor agreements, or anything other than customer/subscriber information. Some buyers will ask for these assets to be lumped into the deal, but I'd recommend selling them separately—or, if part of the whole deal, itemized, so you know what you're getting for them.

Those pesky details
Finally, here are a number of items that many ISPs fail to think about or plan for when they sell out:

Getting paid, post deal, for additional subscribers that keep coming from the marketing flywheel you spent years building
A low conversion rate to the new ISP because the transition wasn't handled carefully or smoothly
Early T1 or circuit-termination or lease-shut-down charges (these can add up to $ tens of thousands)
Yellow page and other marketing costs under contract for the remaining year, on which you forgot to get your new buyer to pick up costs
What to do if the ISP you sell to botches up completely and your reputation gets dragged through the mud because of their incompetence.
Tip: Seek out the ISPs who are seeking to aggregate a couple dozen regional/local ISPs to take them public in the near future. These deals can bring you much more than the standard ISP subscriber-based buyout—if you don't mind the wait and the risk.
One other resource you may want to check out is ISP-Planet's Subscriber Values table, which lists valuations-per-subscriber of the largest publicly traded ISPs.

—End

Here's to Your ISP Success!
Christopher M Knight—Founder and Managing Editor of The ISP-Lists

Related story: Get Top $ for Your Hosting Business Christopher M. Knight

[Tatari Gami]

Complaint of the GWK against BlueWindow rejected
Loose Translation from German:

In May 1999 the Gewerbe- und Wirtschaftskammer (Chamber of Economics and Trade), Sektion Informatik und Büromatik (Computer Science and Bueromatik Section) and the Supranet AG, Ruggell submitted a complaint for over 20 millions euro against the Telecom FL/Swisscom at the EFTA supervising authority. The subject of the complaint was "the blue window", the internet offer at that time of Telecom FL AG in Liechtenstein. BlueWindow is today called Bluewin.

The GWK took the view at that time that Telecom FL/Swisscom violated the rules of competition of the EWR agreement by unfairly acquiring their customers. The complaint leaders wanted to protect the other Liechtenstein InterNet Provider with your raid.

As now those communicates EFTA supervising authority (ESA) informally, the complaint of the GWK became and Supranet AG rejected and it would issue no more redressable, rejecting answer. The procedure is thus final.

In German:

Klage der GWK gegen BlueWindow abgewiesen
Im Mai 1999 reichte die Gewerbe- und Wirtschaftskammer (Sektion Informatik und Büromatik) und die Supranet AG, Ruggell gegen die Telecom FL / Swisscom bei der EFTA-Überwachungsbehörde eine Klage über 20 Mio Euro ein. Gegenstand der Beschwerde war "the blue window", das damalige Internetangebot der Telecom FL AG in Liechtenstein. BlueWindow heisst heute Bluewin.

Die GWK stellte sich damals auf den Standpunkt, dass Telecom FL / Swisscom die Wettbewerbsregeln des EWR-Abkommens verletzen und auf unlautere Weise ihre Kunden akquirieren würde. Die Beschwerdeführer wollten mit Ihrem Vorstoss die anderen Liechtensteinischen Internet Provider schützen.

Wie die EFTA Überwachungsbehörde (ESA) nun informell mitteilt, wurde die Beschwerde der GWK und Supranet AG zurückgewiesen und es würde kein rechtsmittelfähiger, ablehnender Bescheid erlassen. Das Verfahren ist somit abgeschlossen.

http://telecom-fl.adon.li/telecom/html/unternehmen/aktuell/a...

[Tatari Gami]

SupraNet AG is one of the few profitable Internet Service Providers
(ISP) in Europe and has been in business since 1995. Since its
inception SupraNet AG had experienced average annual growth of over 80%
and expects the same continued growth pattern in the future.
Services rendered by SupraNet AG include:
- Dial-Up Internet Access (serving private and business
customers)
- Leased Lines (e.g. serving major banking customers)
- DSL Connections
- Hosting and Venue (virtual and or physical servers)
- Email
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=15647...

[Tatari Gami]

LIE-NET is part of Supranet
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=18214

By: supranet $
01 Jun 2000, 03:24 PM EDT Msg. 18214 of 31241
(This msg. is a reply to 18213 by PsychicFriend.)
Safe4win or Techorg Est. is just a customer of SupraNet and a customer of WINR.
There is no other relationship.
LIE-NET is part of SupraNet

[Tatari Gami]

Subject: Supranet
What are the details of the relationship to Supranet? Is there a contract which details the amount
of revenue that we receive for our 19% ownership and how is it adjusted for increasing business?
Under fixed assets, Supranet is listed at $116,250. How is this amount determined?

If Supranet is sold do we share in the proceeds at the 19% level.?

10. WINR acquired 19% of SupraNet in early 2000. There is a contract which outlines the details of the acquisition. WINR and SupraNet are working with
each other to increase our bottom lines. The amount of the asset is based on the purchase price and if SupraNet is sold WINR would receive a 19% share.
************************************************************

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=14975536

To:Ed Pettee who wrote (6379)
From: Ed Pettee Friday, Dec 8, 2000 2:28 PM
View Replies (3) / Respond to 6380 of 6545

Attached is David Skinners response to the questions.
Subj: Re: Winners Internet Network, Inc.
Date: 12/8/00 2:11:44 PM Eastern Standard Time
From: [e-mail] (Sandra Varney)
To: [e-mail] (Ed Pettee)

December 8, 2000

Dear Ed:

David C. Skinner, Jr. asked that I forward his answers to questions as are
outlined below -

Dear Ed,

In response to the questions sent by the shareholders, I have the following
responses:

1. The annual meeting was at first set to take place in late summer, early
fall of 2000. In working with all members of the BOD there were meetings
WINR held and all members of the BOD were not able to be present. We were
not able to arrange everyone's schedule being they have other duties and
professions to attend to. We also want to give the shareholders a 6 week
time frame in order to arrange travel and other arrangements if they are not
able to attend.

2. The re-listing cannot have a time frame placed on it. In talking to
several market makers and members of the NASD and SEC they provide no time
line for any re-listing. In reviewing RIB I read a poster who had contact
with the SEC in Sept. and posted their discussion on the RIB board. It was
in regards to WINR having its 8-K being reviewed and approved. There have
been comments from the SEC regarding the 10-QSB filings which have been
addressed by the company and approved by the SEC. We have received
information from all governing bodies regarding being re-listed and there
will be 1 MM filing a 15c211. There are many factors in having this form
filed by a MM and we have been working to have this completed and filed.

3. I have had many conversations with the SEC and attorneys concerning
information releases about the company. There has not been any significant
changes to report in the company. We have been working on the re-listing and
the comments from the SEC regarding the 10-QSB. We have also been working
with new companies in negotiating contracts for increased business and
revenues for WINR. I do not comment on any of these negotiations in PRs
being they have not been finalized as of yet and there are no significant
changes to report on other than the day to day operations of the business.

4. The marketing expense incurred by the company has brought many possible
contracts and expansion possibilities for the company. The company expects
to recoup this investment through new business being brought to the company.
This is to be attained not only through the South American marketplace but
including the entire global marketplace. This investment could bring
substantial financial benefits to WINR and therefore being a benefit to its
shareholders.

5. WINR is still under contract with AiB. In regards to WINR losing gaming
contracts, this was due to the cyberbookies sites closing down and selling
their customers to another gaming site. WINR is still soliciting new gaming
clients and in the past had discussed a possible partner working with WINR
but we decided against this scenario.

6. The questions concerning the P&L and reporting were forwarded to our CPA.

7. WINR acquired the filing status of Glennaire and its filing number. We
are having the name of Glennaire changed so all filings and reports will be
found under WINR.

8. The WINR office was previously located in Feldkirch, Austria. We had
business dealings with the firm of Gachter but ended its relationship during
August of 1999. We have seen our name used without permission and have taken
the appropriate action to have the use of our name ceased.

9. We have an agreement with McBride and associates to provide PR for WINR
and we have spoken to 2 firms in Europe to provide full coverage in Europe
and the US.

10. WINR acquired 19% of SupraNet in early 2000. There is a contract which
outlines the details of the acquisition. WINR and SupraNet are working with
each other to increase our bottom lines. The amount of the asset is based on
the purchase price and if SupraNet is sold WINR would receive a 19% share.

11. WINR is working to open a portion of the -plus network. The platform has
been developed by our programming staff and they are also working to open
its first sites. We are opening financial and legal sites at the beginning.

12. WINR is still working towards acquiring a bank charter in Liechtenstein
through a new application or acquiring a % of an existing financial
institution. The de-listing has not helped in the fund raising but it has
not caused interested parties to close off negotiations. WINR does retain
51% of the processing revenues and a % of the licensing revenues over the
original $3 million paid by Cyberlink for the rights.

13. Were sent to the CPA.

14. The encryption software has been a negotiating point for new contracts
by WINR. SupraNet has been offering these services to several European
companies.

15. We have an agreement with McBride and associates to provide PR for WINR.

David C. Skinner, Jr.
President/CEO
Winners Internet Network, Inc.

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From: "Sandra Varney" <[e-mail]>
To: "Ed Pettee" <[e-mail]>
Subject: Re: Winners Internet Network, Inc.
Date: Fri, 8 Dec 2000 14:16:31 -0500
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[Tatari Gami]

Insider trades??
Date Name Action Shares Value
01-May-01 Scott, Charles E. Planned Sale 56,000 $6,720
01-Apr-01 Skinner, David C. Jr. Planned Sale 140,000 $42,000
15-Feb-01 Sparkman, Ron Planned Sale 209,840 $91,960
01-Jan-01 Scott, Charles E. Planned Sale 56,000
05-Dec-00 Sparkman, Ron Planned Sale 126,400 $50,500
15-Oct-00 Sparkman, Roy Planned Sale 8,500 $4,000
30-Sep-00 Skinner, David C. Sr. Planned Sale 200,000 $200,000
15-Sep-00 Columbia Fin. Grp. Planned Sale 408 $408
10-Sep-00 Sparkman, Roy Planned Sale 196,000 $245,000
01-Sep-00 Skinner, David C. Sr. Planned Sale 200,000 $200,000
01-Sep-00 Skinner, David C. Jr. Planned Sale 200,000 $200,000
17-Aug-00 Skinner, David C. Planned Sale 200,000 $250,000
15-Jun-00 Sparkman, Roy Planned Sale 150,000 $300,000
01-Jun-00 Columbia Fin. Grp. Planned Sale 159,908 $191,000
08-Mar-00 Columbia Fin. Grp. Planned Sale 159,908 $649,626
14-Jan-00 Scott, Charles E. Planned Sale 100,000 $143,700
14-Jan-00 Stein, Kimberly A. Planned Sale 52,500 $65,500
14-Jan-00 Skinner, David C. Planned Sale 58,000 $75,980
14-Jan-00 Intertreuhand Aktiengellschaft Planned Sale 150,000 $225,000
24-Dec-99 Skinner, David C. Planned Sale 50,000 $37,500
31-Aug-99 Intertreuhand Aktiengellschaft Planned Sale 150,000 $150,000

22-Jul-99 Stein, Kimberly A. Planned Sale 52,500 $78,250
24-Jun-99 Skinner, David C. Planned Sale 50,000 $78,100
04-Jun-99 Varney, Sandra A. Planned Sale 75,000 $178,125
17-Mar-99 Taylor, Blaine Planned Sale 118,332 $240,000
15-Jan-99 Henderson, James D. 10,000 $25,937
28-Dec-98 Okken, Wayne 7,500 $15,000
16-Dec-98 Mitchell, Christopher L. 5,000 $7,850
14-Dec-98 Keys, Lillian J. 5,000 $8,437.50
14-Dec-98 Sobke, Bernedette Kelly 10,000 $16,875
05-Dec-98 Dillon, Patricia 3,000 $2,640
04-Dec-98 Glickman, Ronald E. 10,000 $10,000
29-Nov-98 Rubino, James D. 5,000 $5,100
29-Nov-98 Mitchell, Calvin L. 25,000 $25,500
16-Nov-98 Sixway Inc. 118,333 $112,416.35
26-Aug-98 JVO Consulting Inc. 280,840 $337,008
29-Jul-98 Kaier, Michael 15,000 $5,700
29-Jul-98 Tice, Gary L. 15,000 $5,700

DISCLAIMER: All of the above information is copied from the sights listed below. I don't know if any of it is accurate. Just because someone filed to sell may not mean that a sale took place. I may have made errors in copying from other pages. DON'T RELY ON THIS; IT, AND THIS ENTIRE THREAD, IS FOR MY USE ONLY AS A REMINDER OF LESSONS LEARNED.
http://cbs.marketwatch.com/tools/quotes/insiders.asp?siteid=...
http://biz.yahoo.com/t/w/winr.ob.html
http://web.archive.org/web/20001013031059/biz.yahoo.com/t/w/winr.html
http://biz.yahoo.c.." target="_new">http://web.archive.org/web/20000609173843/http://biz.yahoo.c...
http://biz.yahoo.c.." target="_new">http://web.archive.org/web/20000511020743/http://biz.yahoo.c...
http://biz.yahoo.c.." target="_new">http://web.archive.org/web/20000302084311/http://biz.yahoo.c...

[Tatari Gami]

WINR Employee?
Rinaldo Sperandio
[e-mail]
98-September
99-August

CMS Austria, Feldkirch
http://www.winr.net/

Datenbank Programmierung mit SQL und VBA 6.0 für das WWW sowie Systemadministration NT 4.0 Server

b

[Tatari Gami]

CFG's Corporate Overview of WINR
as per http://web.archive.org/web/19990221134615/www.cfgstocks.com/...

WINR: Corporate Overview
Main Office
Winner's Internet Network, Inc.
145 Oviedo Street
St. Augustine, FL 32084

Tel: [phone]

Ticker Symbol: WINR
Exchange: OTC

Company Web Site: http://www.winr.net/" target="_new">http://web.archive.org/web/19990221134615/http://www.winr.net/

--------------------------------------------------------------------------------
Winners Internet Network, Inc., (WINR) is a pioneer in establishing the first ever Worldwide Gaming Payout Structure. WINR will provide management and accounting services to guarantee accuracy of payouts and confidentiality to customers.
WINR has signed a ten year renewable agreement with a prestigious Liechenstein Company which has been providing software services to the International Banking and the Government Community. Liechenstein is known throughout the World as one of the most safe and confidential centers of financial management and banking. It is believed that this system cannot be duplicated.

WINR is a publicly traded company on the NASDAQ EXCHANGE with the trading symbol BB:WINR. It is known as the Players Company representing the interest of Internet Players and providing free service to the Internet Gambler. With the increase in the Internet Gaming market, WINR has recognized the need for the player to have confidentiality and the ability to have access to his account ledger to insure the accuracy of payment and create a new standard for the industry.

[Tatari Gami]

Compensation to Columbia Financial Group,
as per http://web.archive.org/web/19990507033717/www.cfgstocks.com/...


WINR - In compliance with section 17-B of the Securities Act of 1933:

For Investor Relations and Corporate Communications Services CFG received the following compensation for its initial contract and two subsequent contracts:

650,000 Free Trading Common Shares
500,000 Shares Restricted
150,000 Common Stock Warrants @ $.25
100,000 Common Stock Warrants @ $.625
100,000 Common Stock Warrants @ $1.00
50,000 Common Stock Warrants @ $1.25

All warrants expire on April 1, 2001

--------------------------------------------------------------------------------
The Securities Act of 1933: Section 17 B. states:

It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.

Columbia Financial Group, Inc. is compensated by each of our clientele through a combination of cash, free trading stock, restricted stock, warrants and or options, for the purpose of disseminating information. CFG consistently maintains positions in all of the securities found within this website, and will make purchases and sales in such securities. This includes all of the securities represented on this site "clientele".

[Tatari Gami]

Wallstreet Now report, copyright 1997.
as per web archives:
http://web.archive.org/web/19990221182403/www.cfgstocks.com/...

Winners Internet Network, Inc.

Address: 15 Eight Street, St. Augustine, FL 32084
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Website: http://www.winr.net/" target="_new">http://web.archive.org/web/19990221182403/http://www.winr.net/

Investor Relations: Columbia Financial Group, Inc.
Address: 1301 York Road Suite 400, Lutherville, MD 21093
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Website: http://www.cfgstoc.." target="_new">http://web.archive.org/web/19990221182403/http://www.cfgstoc...

Symbol: WINR
Shares Outstanding: 10,500,000
Estimated Float: 2,500,000

WINR headed by a CEO with extensive offshore gaming connections, Winners owns the exclusive rights to proprietary technology that offers to web gaming operators a new software and banking system ensuring creditability and that provides them with a payoff structure. This should revolutionize internet gaming, since it is expected that this system will become the standard for the industry. So readily should this technology be accepted by the web gaming industry that the company anticipates to grow 50% to 80% annually for the next five years.

COMPANY BACKGROUND

Winners Internet Network, Inc. assumed its present identity on July 21, 1997. To effect public trading of its shares, the company was backed into a shell corporation previously named Comstock Empire International, Inc. Winners owns and controls The Davki Agency, Inc., which has an exclusive right to a software program that provides a means of payout for customers of Internet casinos and sportsbooks.

Although Winners is a recent start-up, it is a pioneer company, and, like a pioneer, stands to reap huge rewards, since it has no known competition. Because of this fact, the company has positioned itself to profit from most wager transactions made over the internet, and the market appears limitless.

Presently, there does not exist in the web gaming industry a uniform payoff structure to playing customers who enter video casinos, and, with few exceptions, web gaming sites have been unable to design and format a system that will ensure complete creditability. Web gaming is an exploding industry, but, without these glitches, it could become even more explosive. If a person wishes to gamble on the internet, they are given a menu of nearly 60 web gaming sites from which to choose. Most players have no real confidence in many of these sites because they have no real guarantees they will ever see their money again, or be paid their winnings, if any.

What all web gaming sites need is something akin to the Good Housekeeping Seal of Approval. Enter Winners, who, through their 100%-owned The Davki Agency, feels it has overcome the confidence gap by developing a Global Gaming Payout System which could revolutionize both the video casino and the international sportsbook method of payoff. This system, which will link to the international banking community, also will ensure compliance with all existing laws and provide an audit structure for governments. It also provides an audit function to guarantee governments receipt of their percentage of profits.

Winners feels it has set the stage to offer "the only secure payout system". The company has signed an exclusive 10-year agreement with Global Gaming Link Systems (GGLS), the designer of the proprietary software; this agreement is renewable. Winners developed the system concept and GGLS wrote the software. As part of the accord, GGLS will also represent Winners in establishing the worldwide system of gaming and sportsbook payoffs.

GGLS has contracted with a Liechtenstein company to provide the management and accounting services to guarantee not only the accuracy of payments, but confidentiality to the customers. It is believed that the method of payment cannot be duplicated. The Liechtenstein company has been able to provide the unique services of a highly regarded software company that provides services for many banking and government institutions. The central bank, through which the gaming transactions will be made, is purported to be an extremely respected European financial institution. Its name, and that of the Liechtenstein company, must be kept confidential until final details of the payout systems are announced, which should be within the next several months. Not only should the system establish the only legal and foolproof payout structure, it should also add light years to players confidence in casino gaming. A player will send his/her money to the bank, which guarantees its safety, and also guarantees that players will receive their winnings, if any. Players are issued pin numbers, and within the next six to nine months, the bank should also be offering debit cards, also a first for internet gaming. The bank will list on its web pages the web gaming sites that are enrolled in the Winners system. Players will be paid in the currency of their country.

The Winners system should also end the money laundering that is now rampant throughout web gaming. Safegaurds are already established to prevent this from continuing, and it is believed that the Winners system will be the model used throughout the net casino industry. Likewise, the company will ensure that all illegal betting will not be serviced. For instance, if it is illegal to gamble in New York City, no payouts will be made to Big Apple residents, thereby giving added creditability to offshore gaming operations.

Winners does not foresee major hurdles in selling their system to legitimate web gaming sites. Besides giving a site respectability with "The Winners Seal of Assurance" (or something like that), and providing a payout structure, the company's system will also save gaming operators significant amounts of overhead. No longer will operators need to employ legions of workers to cut thousands of checks weekly. The proprietary software will be able to interface through the existing software now being used by all internet casinos, so as to enable the casinos to be totally serviced for all payouts. Winners has been informed by hands-on operators that it is virtually impossible for a self-user to match the payout systems that Winners/GGLS offers.

So, how does Winners make money from this? Transaction fees. The company will receive 0.5% of all system transactions. For example, if there is a $100,000 payout, $500 goes to Winners. If total annual transactions amount to $10 billion, and that could be the case in five or six years, Winners would get $50 million.

Another potential source of revenue for Winners is through Master Licenses. Presently, there are three Master Licenses available - The Internet Casino, The Internet Sportsbook, and The Call-In Sportsbook. The Master License would allow the Licensee to sell to other casino/sportsbook operations and to participate in the transaction fees and a portion of the license renewal. The basic cost for a Master License is $110,000. The Sub-Licensee would acquire the yearly rights for the Master License at an annual fee of $40,000, or more, according to the size of the License. One half of the proceeds will be paid to GGLS and Winners will receive 25% of those proceeds. In addition, the Licensee will participate in the transaction fee based on a flat amount of a handle percentage.

A new age in internet gaming is about to unfold, and Winners is on the cutting edge of proprietary technology that will allow this infant industry to gain quick creditability. It should set the industry trend for payouts and attain worldwide acceptance.

Could Winners become the Microsoft of the gaming industry?

© 1997 Wallstreet Now

[Tatari Gami]

Pennystocks Picks Report, March 27, 1998
as found through web archive:
http://web.archive.org/web/19990221172757/www.cfgstocks.com/...

The current PennyStock Pick for Friday, March 27, 1998 is:

Winners Internet Network, Inc. (OTC BB: WINR)
Ask - Bid: 0.56 - 0.50

Newsbreak

Winners Internet Network, Inc. (WINR) is a pioneer in establishing the first ever Worldwide Gaming Payout Structure and is expected to reap huge rewards, since it has no known competition. The suitability of WINR is an attractive speculation for these significant reasons:

Unique Software System for Internet Casino Gaming and Sportbooks - WINR's centralized and uniform system has the potential to become the standard for consolidating the fragmented gaming and international sportsbook industry, and providing safe payouts for customers.
Explosive Market Potential and Could Set The Standard for International Gaming on the Worldwide Web - The individual growth histories of both gaming and the Internet leaves no doubt that legal, credible, and convenient gaming on the Internet will experience explosive growth.
Experienced Management - The principals have been active in the gaming industry, and are experienced in accounting, networking, and government regulations.
Strong Revenue Potential - The combination of leasing, licensing, and transaction fees is expected to generate revenues and profits of $5 million and 2 million respectively in 1998, growing to approximately $15 million by 2000.
Company Overview: WINR is a holding company which owns and controls Davki Agency Ltd., Inc. that has the exclusive right to a software program which provides a means of managing and guaranteeing Internet gambling payouts. WINR is a pioneer in developing a software system that makes possible a secure and reliable payout structure for worldwide Internet casinos and sportsbooks. The existing gaming sites suffer from credibility problems. There is no uniform payout structure that gives the players confidence that their legal winnings will be paid. WINR has been recognized in various publications to be the much needed "Standard for the Industry."

Market: The worldwide gaming industry is estimated at $500 billion annually. There are currently over 55 Internet gaming sites in operation with an annual volume of approximately $100 million, a relatively small part of the total gambling industry. It is estimated that legal Internet gaming could reach $10 billion within 5 years when WINR's secure, credible, and reliable system is operational.

Competition: At present, there is no known competition to the proprietary software for which Winners has exclusive rights. However, there is always the possibility that another company could develop a superior or similar product.

Special Research Reports:

1. George T. Schlieben of Global PennyStocks at http://www.pennystock.com, published a Special Research Report on WINR, dated August 26, 1997. At that time, the stock was rated a "BUY" (with speculation) with a one-year target on share price of $8.00 to $10.00 and a two-year target of $9.00 to $12.00. Currently, the stock trades at about 0.50.
2. Lawrence C. Oakley of the "Conservative Speculator" recommended a midterm & long-term appreciation "BUY" in October, 1997.
3. Guidera Communications (GC), profiled WINR on September 19, 1997. The professional staff of GC provided brokers with information on WINR, who have expressed an interest in this special situation.
Financial Data:

Revenues: $5 million (1998E) to $15 million (2000E)
Profits: $2 million (1998E) to $4.2 million (2000E)
EPS: $0.19 (1998E), $0.31 (1999E), $0.40 (2000E), $0.66 (2001E)
Estimated Growth Rate: 50-100%
Market Cap: $25 million
Shares Outstanding: 10.5 million
Estimated Float: 2.5 million
Recent Business Highlights:

3/03/98 Winners Internet Network, Inc. Signs Letter of Intent For Financing.
Winners Internet Network signs an agreement with Atlantic Holdings Limited for a corporate loan. This proposed funding will enable the corporation to begin operations providing its worldwide Internet Gaming Payout System. Winners Internet Networks hopes to become fully on-line and operational within 45-60 days from receipt of the funding.
11/07/97 Winners Internet Network Inc., Formerly Known as Comstock-Empire International Inc., Makes Announcement.
Winners Internet Network will be among 80 of the top growth companies in the world to gather November 19 at Discovery Expo '97 to meet 1,000 Wall Street movers and shakers at the New York Hilton and Towers. This Expo is organized to bring together undiscovered companies with high-profile growth fund managers, analysts, stockbrokers and sophisticated investors in a one-day event.
8/07/97 Comstock-Empire International Changes Name to Winners Internet Network Inc.
Comstock-Empire International Inc. has changed its name to Winners Internet Network Inc. and changed it's domicile from the state of Washington to the state of Nevada. WINR announced that on July 31, 1997, Winners Internet Network Inc. completed a reverse acquisition with The Davki Agency Ltd Inc., a Delaware corporation, thereby becoming a wholly owned subsidiary of Winners Internet Network Inc.
Additional information of these PR newswires can be found at http://www.newsalert.com/" target="_new">http://web.archive.org/web/19990221172757/http://www.newsalert.com/ "WINR", and http://quote.yahoo.com/?u" target="_new">http://web.archive.org/web/19990221172757/http://quote.yahoo.com/?u ("WINR" and "News").

For additional information on the Company, contact David C. Skinner, Jr., Winners Internet Network, Inc., 800-358-4242 (FAX [phone]), or for an investor relations package, 888-540-WINR. The Company's Website is: Winners Internet Network. You may also call Columbia Financial Group (Jim Price), 888-301-6271 (FAX [phone]). To visit their website: Columbia Financial Group

Technical Position - PennyStock Picks

Our interpretation of the technical position of WINR indicates that this stock is moderately to highly undervalued for the short to moderate term outlook. Its 52-week high is 4.875 and 52-week low is 0.15. The stock price achieved rock bottom prices (about 0.20) in January and February, 1998. Since then, it has more than doubled in price, but we do not believe its price has reached any upper levels of resistance as of yet. This move is correlated with the financing news released on March 3, 1998. A week prior to this news release, an increase in volume was apparent and the price increased to as high as 0.75. Since then it has drifted back to its current price of 0.56 (ask) to 0.50 (bid).

Technical indicators support this interpretation, and the price should begin to appreciate from this level. The strongest technical indicators are the MoneyStream and BOP (Balance of Power). When comparing these indicators to price, they show the development of a moderate to strong positive divergence (a clear bullish-signal). Other significant indicators, the Moving Average Convergence-Divergence (MACD) and Momentum have been increasing as the stock price consolidates. Time-Segmented Volume (TSV) has shown during March positive accumulation. A "BUY" marker was interpreted late in February, 1998, slightly prior to the PR newswire being released on March 3, 1998. The significance and full potential of this move has not been achieved as of any means.

Another technical indicator, the Stochastics oscillator does not appear to have reached overbought conditions. The trading volume has increased since late February and another surge can be initiated with the purported funding. The new level of support is about 0.50. A moderate level of resistance may be experienced at about 0.75. PennyStock Picks places a short term target price (3 months) at 1 $/sh and a longer term target price (6 months to 1 year) at 1.5 to 2 $/sh, if its venture achieves mainstream operation, becoming fully on-line and operational about 2 months from receipt of the funding.

Disclaimer

© 1997, 1998 PennyStock Picks. All materials presented within the website are not to be regarded as investment advice and is only for informative purposes. Before making a purchase or sale of any securities featured on this website, we recommend consultation with a registered securities representative. Stocks we select as our picks are not to be regarded as a solicitation to buy or sell securities. As with any pennystock, companies we've selected as our stock picks involve a high degree of investment risk and volatility.

PennyStock Picks may hold positions in securities mentioned herein, and may make purchases or sales in such securities. This includes individual stocks featured on this website.

It should be understood that there is no guarantee past performance will be indicative of future results. The accuracy or completeness of the information on this website is only as reliable as the sources they were obtained from. PennyStock Picks may receive compensation for the dissemination of information on companies featured on this website.

[Tatari Gami]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO.17379 / February 25, 2002
SECURITIES AND EXCHANGE COMMISSION v. CHRISTINA SKOUSEN, individually and doing business as CSK SECURITIES RESEARCH, No. C02-894 VRW (USDC N.D. CALIFORNIA).
The Securities and Exchange Commission announced that it filed a settled injunctive action on February 22, 2002 against California resident Christina Skousen, individually and doing business as CSK Securities Research.

The Commission's complaint alleged that between May 1999 and December 2000, Skousen, a self-styled "analyst," wrote fraudulent research reports touting eight microcap companies. Skousen's reports for seven of the companies contained false and misleading revenue, income and earnings. The revenue projections exceeded the companies' most recently reported revenue figures by as much as 260,913%, and exceeded the companies' most recently reported income figures by as much as 30,089%. Skousen's reports additionally failed to disclose that six of the companies required significant additional financing, which was not assured, to implement their business plans or continue in operation. Skousen's reports for the same seven companies also contained arbitrary projected stock prices, which exceeded the companies' current stock prices by as much as 18,650%. In addition, Skousen falsely represented that one company was "well-capitalized" when it had previously disclosed that it required additional working capital in order to continue as a going concern. Moreover, Skousen, who typically was paid in cash for all of the reports, failed to disclose her receipt of compensation in two instances where she personally published the reports.

The Commission's complaint alleges that Skousen violated Section 17(b) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks an injunction against Skousen and disgorgement of $30,000 and prejudgment interest and third-tier civil penalties. Without admitting or denying the Commission's allegations, Skousen has consented to the entry of an order that would enjoin her from future violations of the foregoing provisions and directing her to pay disgorgement and prejudgment interest. Under the proposed order, Skousen would not be required to pay disgorgement or civil penalties based on her demonstrated inability to pay.

http://www.sec.gov/litigation/litreleases/lr17379.htm

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

CSK SECURITIES RESEARCH
Registered Investment Adviser
Christina S. Kohlhaas - Neal J. Kohlhaas

25 Woodview Lane Novato, CA 94945
Phone: [phone]

http://www.prnewswire.com/cnoc/CUSTOMIZE/114624_C1.0

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

From a post on SI crediting an article in Offshore Alert. I don't claim that this is true.

"Our research showed that CSK Securities is a business run from the home of Christina and Neal Kohlhaas, . ..
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17111...

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

Winners Internet Network, Inc., Announces Independent Research Report and Buy Recommendation by CSK Securities Research.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--March 3, 2000.
http://www.ragingbull.com/mboard/boards.cgi?read=14653&board=WINR
Friday March 3, 12:15 pm Eastern Time

Company Press Release

Winners Internet Network, Inc., Announces Independent Research Report and Buy Recommendation by CSK Securities Research

ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--March 3, 2000--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (OTCBB:WINR - news), www.winr.net, today announced that the Company has been notified that CSK Securities Research has initiated coverage of WINR with a ``Strong Buy'' recommendation and stock price targets of $15 in 12 months and $26 in 24 months, up from its current stock price of approximately $4 per share. CSK Research is an independent equity research firm and Registered Investment Advisor specializing in emerging companies, and serving institutional investors and brokerage firms.

``We were delighted to receive an independent research report recommending WINR,'' said Mr. Skinner. ``The report reflects a great deal of due diligence on the part of CSK Research and accurately details the Company's strategy and opportunities going forward. We appreciate the confidence and conclusions that CSK draws from this information.''

The report contains the following information and is available from CSK Securities Research of Novato, California.

======================

CSK Securities Research:

Winners Internet Network is rapidly positioning itself as one of the premier financial transaction processors and integrators in Europe. Through a series of recent acquisitions and partnerships, WINR has laid the groundwork for an integrated financial processing and e-commerce services company that offers significant advantages over other competitors in this area. The Company is in the process of forming the first online bank to be licensed under the secure, confidential banking laws of the Principality of Liechtenstein. This will enable Internet users to have a confidential Liechtenstein bank account accessible from the convenience of their own homes by allowing them to track all their financial transactions from their own PC. A WINR's ``CyberBank AG'' account will also allow automatic debiting for purchases made over the Internet, and an eSwipe(TM) capability for major credit cards. The account holder is ensured of safety because WINR offers the most secure encryption and security technology available in the world today.

We believe WINR is poised to be a major player in the business-to-business (B2B) European Internet Market and the global e-commerce market. Over the last 18 months, the Company has developed proprietary financial transaction processing software and technology in the Internet gambling arena. Internet gambling is an industry that requires the most secure tracking and detailed financial transaction processing and data gathering ability. The Company developed its state-of-the-art technology in this most technologically challenging Internet business sector.

We believe that WINR's now has software and technology that comprises a complete, functional system applicable not only to Internet gaming, but to all types of financial transactions, including Internet banking, brokerage and e-commerce. In recent months, WINR has pulled together the infrastructure - through acquisitions and partnerships, and now with the formation of a Liechtenstein Internet bank - to become a major force in the European and global Internet financial services industry. We believe WINR offers investors a prime opportunity to get in on the ground floor of an emerging company just beginning its rapid growth stage.

======================

For a copy of the complete report, send an email request to: [e-mail]

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

CSK Securities Research Announces Investment Opinion on Winners Internet Network, Inc.
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 29, 2000.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13010742
CSK Securities Research AnnouncesInvestment
Opinion on Winners Internet Network, Inc.

February 29, 2000 07:42 PM
SAN FRANCISCO--(BUSINESS WIRE)--Feb. 29, 2000--

CSK Securities Research Initiates Coverage of Winners Internet Network, Inc. WINRS

CSK Securities Research analyst, Christina Skousen, has initiated coverage of Winners
Internet Network, Inc. WINRS with a "STRONG BUY" rating and stock price targets of $15
in 12 months and $26 in 24 months, up from its current stock price of approximately $4
per share.

Winners Internet Network is rapidly positioning itself as one of the premier financial
transaction processors and integrators in Europe. Through a series of recent acquisitions
and partnerships, WINR has laid the groundwork for an integrated financial processing and
e-commerce services company that offers significant advantages over other competitors in
this area. The Company is in the process of forming the first online bank to be licensed
under the secure, confidential banking laws of the Principality of Liechtenstein. This will
enable Internet users to have a confidential Liechtenstein bank account accessible from
the convenience of their own homes by allowing them to track all their financial
transactions from their own PC. A WINR's "CyberBank AG" account will also allow
automatic debiting for purchases made over the Internet, and an eSwipe(TM) capability for
major credit cards. The account holder is ensured of safety because WINR offers the most
secure encryption and security technology available in the world today.

Ms. Skousen commented, "We believe WINR is poised to be a major player in the
business-to-business (B2B) European Internet Market and the global e-commerce market.
Over the last 18 months, the Company has developed proprietary financial transaction
processing software and technology in the Internet gambling arena. Internet gambling is an
industry that requires the most secure tracking and detailed financial transaction
processing and data gathering ability. The Company developed its state-of-the-art
technology in this most technologically challenging Internet business sector.

"We believe that WINR's now has software and technology that comprises a complete,
functional system applicable not only to Internet gaming, but to all types of financial
transactions, including Internet banking, brokerage and e-commerce," Ms. Skousen
continued. "In recent months, WINR has pulled together the infrastructure through
acquisitions and partnerships, and now with the formation of a Liechtenstein Internet bank
- to become a major force in the European and global Internet financial services industry.
We believe WINR offers investors a prime opportunity to get in on the ground floor of an
emerging company just beginning its rapid growth stage."

CSK Securities Research is an independent equity research firm, specializing in emerging
companies, and serving institutional investors and brokerage firms.

; Qualcomm, Inc. (QCOM); Charles Schwab Corp. (SCH); Ebay, Inc. (EBAY); AmeriTrade
Holding Corp. (AMTD).)

The WINR research report issued by CSK Securities Research includes the following
information:

WINNERS INTERNET NETWORK, INC. WINR

Investment Summary

- We are initiating coverage of Winners Internet Network, Inc.

(WINR) with a Strong Buy recommendation for strategic investors

with a two to three year investment horizon. Based on the new

revenue streams anticipated from WINR's new businesses, we are

projecting WINR's stock price to increase to the $15 range in 10

to 12 months and the $26 range in 24 months.

- WINR is implementing its new business strategy to position itself

as a major player in the business-to-business (B2B) European

e-commerce market. Through a series of acquisitions and

partnerships over the last several months, WINR has laid the

groundwork to become one of the premier financial transaction

processors and integrators in Europe. WINR is initiating its

strategic plan to form Europe's first Internet Bank under the

laws of Liechtenstein. WINR will also provide the most secure

financial transaction processing currently available in the world

to e-commerce businesses in all industries.

- WINR has spent the last two years developing and perfecting its

financial transaction processing system and software in the

Internet gaming industry. Internet gaming demands some of the

most technologically challenging software and technology in the

world. It requires the most secure tracking and highly detailed

financial transaction data gathering ability. The Company's

"Secure Online Financing Processing System" is a truly unique,

state-of-the-art, secure financial transaction processing system,

which has been tested and proven in this demanding arena.

- WINR's systems and technology are proprietary and incorporate the

most secure encryption currently available in the world. Together

with WINR's online bank to be formed in Liechtenstein, WINR has

an extreme edge over the competition in providing financial

transaction processing services and banking. WINR will also help

bring the benefits of Liechtenstein's secure, confidential

banking laws to the global market, allowing Internet users to

maintain a Liechtenstein bank account from the convenience of

their own homes.

- We believe that WINR has developed a cutting-edge proprietary

financial transaction processing technology that far exceeds the

competition's services. We also believe that with its

Liechtenstein facilities, its recent acquisitions and

partnerships, and the formation of a Liechtenstein online bank,

WINR has now put in place the necessary infrastructure to become

a major full-service financial transaction processing and

Internet banking company.

Company Profile

Winners Internet Network, Inc. WINR developed and owns proprietary software and
technology for secure processing of financial data on the Internet. The Company now has
the highest encryption technology available in the world today. WINR is rapidly positioning
itself as one of the premier financial transaction processors and integrators in Europe.
European e-commerce is in its early stages and set for explosive growth. Through a series
of recent acquisitions and partnerships, WINR has laid the groundwork for an integrated
financial processing and e-commerce network that will offer compelling benefits and
significant advantages over other competitors in this area. The Company services both
vendors and consumers in the expanding Internet-based, e-commerce industry with its
state-of-the-art secure financial transaction software and technology. WINR is poised to be
a major player in the business-to-business (B2B) European market. The Company is now
initiating its strategic plan to form Europe's first Internet Bank to be licensed under the
laws of Liechtenstein. The Company's "CyberBank" will bring the benefits of
Liechtenstein's secure, confidential banking laws to the global market, allowing all Internet
users to maintain a Liechtenstein bank account from the convenience of their own homes.

The Company is headquartered in St. Augustine, Florida, where it manages its overall
administrative operations. WINR's European Division is located in Ruggell, Liechtenstein,
where it maintains, monitors and manages its technical operations and accounting
records. The European Division handles programming, software development and upgrades
as needed, monitors the Company's banking processing, and handles other front office
and support requirements. It is also worthy of note that WINR recently appointed the
former Prime Minister of Liechtenstein, Markus Buechel, to the Company's board of
directors. This appointment should greatly assist the Company in expanding throughout
the European business market.

... Internet Gaming Provided the Means to an End

The Company is currently utilizing its software and financial transaction processing
system at Internet gaming websites for legally licensed Internet casinos and sports books.
WINR is a profitable Internet company. For the 10-month period ending October 31, 1999,
on revenues of $1.7 million, WINR showed net income of $1.1 million or $0.07 earnings per
share.

In 1998, WINR secured the exclusive license and use of a test prototype software, which
established an initial database for WINR's Internet-based financial transactions. WINR
chose the Internet gaming industry both to generate immediate revenues for the Company
and to serve as a test-bed in which to further develop and perfect its proprietary, secure
Internet financial transaction system, now referred to as Winners Secure Online Financial
Processing System (the "Winners Processing System"). The Company saw that Internet
gaming requires software and technology that provides the most secure financial tracking
possible and highly detailed financial transaction data gathering ability. WINR considered
Internet gambling an ideal environment for the development of a truly state-of-the-art,
secure financial transaction software and technology.

WINR believes that it has now developed its Winners Processing System from the initial
test stage to a complete, functioning system that is applicable, not only to Internet
gaming, but to all types of e-commerce and financial transactions, and Internet banking in
particular. The Winners Processing System now uses only upgraded technology that was
exclusively developed by the Company. The previous test software is no longer a
functioning component of the Company's proprietary technology and processing software.

... Forward Strategies - E-Commerce & Internet Banking

WINR is linked with established banking institutions and has established affiliations with
CyberLink Trust (CLT) and the Cyberlink Monetary System (CMS) to provide banking
trustee management services. Over the last several months, the Company has made
additional acquisitions and formed partnerships and alliances with key companies and
financial institutions to provide WINR with the infrastructure to offer and provide a
complete, comprehensive system for the management of financial accounts, accounting
services and financial transactions for Internet commerce and banking.

The Company's strategy going forward is to offer complete e-commerce financial
transaction solutions for companies doing business on the Internet. WINR also plans to
form an Internet Bank that is truly global and accessible to all persons from the
convenience of their own homes. The Company has strategically chosen the Principality of
Liechtenstein as its Internet banking domicile. Liechtenstein is known world-wide as one of
the safest and most confidential centers in the world for financial management and
banking. The Company has an established office in Liechtenstein and many valuable
relationships in the Principality. Liechtenstein offers a tremendous growth opportunity for
global e-commerce because of its centralized location in Europe and its membership in
the European Union (EU). WINR plans to either acquire a Liechtenstein bank or file an
application for a Liechtenstein Private Banking License.

... Positioning WINR for Explosive Growth

In December, WINR filed its Form 10 with the SEC to become a fully reporting Company.
WINR recently asked to withdraw and re-file its Form 10-SB Registration Statement with
the full permission and cooperation of the SEC. The Company will file its revised
Registration Statement shortly. The revision will allow the Company to more accurately
reflect its new focus and direction toward e-commerce, financial transaction processing,
and Internet banking. The Company has also filed an application for listing of its shares on
the new German High Quality Segment for Small Caps in order to introduce WINR to the
European stock market and investment community.

The Development of WINR's Proprietary Technology

WINR chose to develop its financial transaction processing technology and software in the
Internet gambling industry. Internet gaming is a most challenging marketplace as it
requires a safe, secure and confidential method to link the customer, the vendor, the
worldwide banking community and various governments all under one umbrella. WINR has
recognized the need for the Internet gambler to have confidentiality and the ability to have
access to his account ledger to insure the accuracy of payment. WINR believed that it
needed to create a new standard for the Internet gaming industry. WINR became a pioneer
in establishing the first ever Worldwide Gaming Payout Structure. WINR provides
management and accounting services to guarantee accuracy of payouts and
confidentiality to customers.

The controversy of Internet gambling, including the illegality of it altogether in certain
countries and jurisdictions, the requirement for tracking the origin of the player, and the
need for the Internet gambler to have confidence in the websites and payout accuracy, all
present significant challenges for software and system development. WINR has been able
to achieve its goal of providing the vital link needed to insure that legality is at the forefront
in all transactions. This not only protects the integrity of the Internet gaming industry, but
also the customer, vendor and banking community, as well as the interests of the host
governments.

The Winners Processing System has been acknowledged by host governments to provide
a complete and independent tracking of all play so that a such governments can be
assured that they will collect their proper revenue. In addition, an audit trail is provided of
all the vital financial information needed by the host government for regulation. WINR will
not allow play from an illegal jurisdiction and daily monitors proposed legislation
throughout the world. WINR has fully recognized that play in the U.S. market would either
be forbidden or severally curtailed. For that reason, WINR is a pioneer in establishing a
foothold in Europe. The Company recognized the huge marketplace that exists worldwide
for Internet gambling. It was for that reason that the Company developed its System to be
able to trade in all major world currencies. WINR developed its system with the global
market in mind from its inception. The Winners Processing System allows a user to trade
in all the worldwide currencies at the current exchange rate, and chose any "home"
currency that the user desires.

In addition, at moment's notice, the Winners Processing System can forbid play from any
illegal jurisdiction and works with all governments in this regard. Currently, WINR will not
accept play from the states of Florida, Minnesota, Missouri, Wisconsin and the countries
of Austria and Japan. (This list may not be all-inclusive.) The System can identify those
who attempt to disguise their location and play from an illegal jurisdiction. The user also
has the ability to change security passwords at random. It is registered as a Secure Site
offering the most secure "in Socket Layer Technology" to provide the customer, vendor
and government with secure and confidential transactions. The System also has
safeguards to identify and keep out the play of minors.

One of regulatory officials' most common nightmares about the Internet is the difficulty of
detecting money-laundering attempts. The Winners Processing System was designed
with sophisticated tracking in place and offers safeguards for prevention of money
laundering. Even e-cash and its lack of an audit trail can be thwarted by WINR's system
for registration and tracking of money deposits and play. In addition, with the WINR
system, a player can have confidence that their money is handled through the safe,
secure and confidential CyberLink Asset Management Trust, located in one of the safest
banking governments in the world, the Principality of Liechtenstein. The player can monitor
his account at will, and with the click of a button, can track all of their play, deposits,
withdrawals, transfer and pending items.

The Winners Processing System offers the security, credibility, integrity, and
confidentiality that is the necessary ingredient for all Internet commerce, including the
ability for the user to completely track and monitor his accounts. The Company's
proprietary software and technology is totally cutting-edge and unique in the industry. It
gives WINR an unprecedented competitive advantage over other Business-to-Business
(B2B) Internet companies in this arena. WINR is now moving to capitalize on this
advantage in all e-commerce sectors, including the logical extension of this technology
into global Internet banking. Over the last several months, the Company has been building
the necessary infrastructure to expand its technology into these wider applications and
markets.

Building the WINR Infrastructure

The Company developed the Winners Processing System so that it is not limited to just
Internet gaming, but is applicable to all e-commerce vendors regardless of their product.
The technology includes a database that will quickly adapt to all types of Internet
commerce and banking. WINR's focus has also been directed toward servicing all Internet
transactions and allowing potential customers to deposit their money where it is
confidential, safe and protected. It is expected that approved customers will be able to
enjoy the benefits of the new Winners Internet Debit Card giving access to funds worldwide
in over 115 countries and over 350,000 ATM machines. A natural progression of this
strategy has led the Company to investigate forming an Internet bank domiciled in
Liechtenstein.

WINR has formed strategic relationships or acquired companies over the last several
months to build the necessary infrastructure to implement its strategic plan of creating a
full-service financial transaction processing and Internet banking company.

... CyberLink Trust & CyberLink Monetary System

WINR has been accepted as a member of CyberLink Trust and the CyberLink Monetary
System. CyberLink Trust provides protected asset management with a Trust that has been
licensed and in business since 1954. WINR relies on the CyberLink Monetary System to
complete the processing of Internet transactions using its Winners Processing System.
The CyberLink Monetary System has a data processing center based in Vaduz,
Liechtenstein and is the entity that provides the link between customers, products and
services and licensed banking. The CyberLink Monetary System is managed by
Intertreuhand Aktiengesellschaft, which has DDr. Reinhard Proksch serving as Managing
Director. DDr. Proksch, a Fullbright Scholar, holds dual doctorates in law and information
systems.

In July 1998, CyberLink Monetary Systems agreed to exclusively license WINR as the
sole provider of Internet gaming for its data processing operations. The Winners
Processing System interfaces with the CyberLink Monetary System's data processing,
and the financial transactions processed by the CyberLink Monetary System are then
interfaced with the bank accounts managed by the CyberLink Monetary System.

This membership gave WINR the financial structure and established links with foreign
banks through the CyberLink Monetary System that have been extremely beneficial to
WINR's operations and growth.

... SupraNet AG, Europe

In early February 2000, the Company acquired a 19% interest of privately owned SupraNet
AG. SupraNet is one of the few profitable Internet Service Providers (ISPs) in Europe and
has been since 1995. Since its inception, SupraNet has experienced an average annual
growth rate of over 80% and anticipates the same growth rate into the foreseeable future.
SupraNet AG serves individuals and businesses throughout Europe, providing dial-up
Internet access to both private and business customers, leased lines that currently serve
major banking customers, DSL connections, hosting and venue with either virtual and/or
physical servers, e-mail, and the SSM encryption technology and software.

SupraNet is the developer of Supra Secure Mail (SSM), the most secure and highest
encrypted e-mail service transport technology available in the world today. With the
collaboration of WINR and its cutting-edge financial transaction technology, SupraNet and
WINR can can move toward becoming the most accepted encryption standard for
business-to-business (B2B) communication and secure financial transactions. The
security protocal incorporates a 448-bit key, which exceeds any available encryption in the
world today. It is the first 400-plus bit encryption technology, a milestone in the
development of security and privacy software, especially as compared to the current
standard of 128 to 256 bit keys. The SSM code key encryption is so safe that it is
estimated that the most powerful computers in the world would take 25 years to penetrate
the code. As a further deterrent, the code changes every three minutes making it virtually
impenetrable. SSM is expected to be the new standard for safe, secure and confidential
communication. This should give WINR a profound competitive advantage in the
e-commerce marketplace as SSM offers the highest level of security for e-commerce
financial activities now available.

SupraNet is currently marketing and selling its 900KB proprietary SSM software at its
website www.supra.net. WINR and SupraNet are in the process of developing the
information and sales portal at www.encryption-plus.com. The Company expects this site
to become one of the most popular website for privacy and encryption products,
information and services in the world.

WINR and SupraNet can utilize innovative synergies to create a global presence in
e-commerce. WINR and SupraNet share European headquarters in the Cyber-Villa,
located in Ruggell, Liechtenstein. This location and the collaboration of WINR and
SupraNet will allow e-commerce merchants the opportunity to physically locate their
servers for e-commerce in Liechtenstein to achieve the most expeditious, secure, safe and
confidential processing of financial transactions in the world.

... The "SecureNet- Plus" Network

Also in early February, WINR completed negotiations to acquire 100% of the
SecureNet-Plus Network from CyberLink Monetary Systems. As mentioned above, WINR
has been working with CyberLink Group over the last year and will continue to receive their
full support in the administration of these sites. The SecureNet-Plus Network is a series of
e-commerce websites under the common name, http://www.____-plus.com.
SecureNet-Plus has over 30 "plus" registered domain names, including Cyberbank-plus,
Commodities-plus, Mortgages-plus, Loans-plus, Mutual Funds-plus, Eshop-plus. WINR
recently registered another 30 `-Plus' Network domain names, including
Accountants-plus.com, Attorneys-plus.com, Business-plus.com, Taxes-plus.com and
other names related to services, products and support.

The Company is now building a new e-commerce portal named WINR-plus.com for launch
in the second quarter 2000. The WINR-plus.com portal will serve as the central hub of the
SecureNet-Plus Network. The portal will direct Internet consumers to the best online
provider or ret

[Tatari Gami]

Email posted at Yahoo Club:
http://clubs.yahoo.com/clubs/winr
To: Xxx X Xxxxxxxx/Xxxxxxxx/Xxxxx-Xxxxx
cc: [e-mail]
Subject: RE: Premiere Pay

Dear Joe,

WINR was introduced to Bruce Brenner through contacts with Mr. Petty. WINR is forming a strategic alliance and other possible business connections with Mr. Brenner. Through this alliance WINR is working to establish new contracts with Mr. Brenner. He has an extensive knowledge of the merchant accounts industry and with his vast network of online companies and various contacts in the business community we are working towards WINR expanding and growing its core business. As I have stated before , WINR is working and negotiating with several companies to utilize the WINR payment solutions. There are companies currently reviewing and testing our software before signing contracts with WINR. We have not released any names or status of these as the companies as the testing period is currently underway. Once the details are formalized announcements will be forthcoming.

WINR is also working on its relisting to the OTC:BB. The comments WINR received from the SEC regarding the 10Qs had to be cleared and its financials up to date prior to filing. This has been accomplished and when the NASD notifies WINR on the relisting status we will also make an immediate announcement.

Regards and Happy New Year,

David C. Skinner, JR
CEO Winners Internet Network, Inc.
www.winr.net

-----Original Message-----
From: Joe X Xxxxxxxx [mailto:xxxxxxxxxxxxxxxxxxxxx.com]
Sent: Tuesday, January 02, 2001 10:18 AM
To: [e-mail]
Subject: Premiere Pay

David,

There has been a tremendous amount of speculation on message threads about our involvement with Premiere Pay and other sites registered to Bruce Benner. Can you please shed a little light on the subject, as this silence is becoming ridiculous. Can you also provide an update on where we stand on being re-listed. I understand that you are very busy, but many of your investors have been here for several years (I've been here for 3 years) and deserve to have some inkling on where we stand and what's going on. I am not asking for insider information, just general facts. Your response would be greatly appreciated.

[Tatari Gami]

Defeating the IRS
by David C. Skinner, George Wachendorf
ISBN: 0963811908
Publisher: Sunbelt Publishing Company
Publish Date: 01/01/1993
http://shopping.yahoo.com/shop?d=b&id=2963766&clink=dmbk-tr/...

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

Jacksonville Business Journal
Target Audience: Business, Special Interest
E-Mail Address: [e-mail]
Publishing Co: American City Business Journals
Tel: [phone] Fax: [phone]
Staff: Publisher - David Sillick; Editor - George Wachendorf
Editorial Description: Serves Duval, Clay, St. John's, Baker & Nassau Counties' executives, managers & professionals.
Frequency Of Issue: Weekly
Subscription: Individual $42

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

Searching articles from The Business Journal of Jacksonville from all years: "Winners Internet"

* Winners invests in European ISP
2000-02-04 , The Business Journal of Jacksonville

* Winners Internet forms foundation
2000-02-22 , The Business Journal of Jacksonville

* Winners poised to receive $50,000 fee
1999-02-04 , The Business Journal of Jacksonville

* Winners signs deal with Caribbean distributor
1998-12-01 , The Business Journal of Jacksonville

* St. Augustine firm rolls the dice on Internet
1998-08-24 Jeff Haynes, The Business Journal of Jacksonville

* Winners listed on second German exchange
2000-03-15 , The Business Journal of Jacksonville

* European publication recommends Winners
2000-01-31 , The Business Journal of Jacksonville

* Winners teams with Swedish e-commerce firm
2000-01-21 , The Business Journal of Jacksonville

* Winners signs on German firm
2000-01-24 , The Business Journal of Jacksonville

* Winners changes company direction
1999-04-15 , The Business Journal of Jacksonville

* St. Augustine company boosts online gaming presence
1999-08-30 , The Business Journal of Jacksonville

* Winners Internet redefines its core business
2000-02-28 , The Business Journal of Jacksonville

* RNI Technologies reports 150 percent revenue jump
1999-02-15 Jeff Haynes, The Business Journal of Jacksonville

* Buechel joins Winners
2000-02-16 , The Business Journal of Jacksonville

* Winners expects to file registration form
1999-08-16 , The Business Journal of Jacksonville

* Winners projects $9 million revenue
1999-01-05 , The Business Journal of Jacksonville

* Winners reports $809,265 in revenue
1999-07-21 , The Business Journal of Jacksonville

* Online gaming company boosts credit card processing
1999-11-15 , The Business Journal of Jacksonville

* Technology: Local Internet provider wants to shine elsewhere too
2000-03-13 Eric Cravey, The Business Journal of Jacksonville

* Winners turns a profit
1999-12-01 , The Business Journal of Jacksonville

* Winners bags new deal
2000-03-29 , The Business Journal of Jacksonville

* Winners buys European e-commerce company
2000-02-07 , The Business Journal of Jacksonville

* Proksch named to Winners board
2000-03-08 , The Business Journal of Jacksonville

* Winners Internet Network lands two licensing contracts
1999-07-26 Jeff Haynes, The Business Journal of Jacksonville

* Update: Online gaming business wins deal in Netherlands Antilles
1999-10-11 Eric Cravey, The Business Journal of Jacksonville

* Stockreporter says Winners is a `strong buy'
2000-02-14 , The Business Journal of Jacksonville

* Update: Software maker fighting hacker threat with update
1999-09-06 Eric Cravey, The Business Journal of Jacksonville

* JEA official says Jacksonville has power to handle Y2K bug
1999-04-26 Jeff Haynes, The Business Journal of Jacksonville
http://jacksonville.bcentral.com/search/bin/search?t=jackson...

[Tatari Gami]

Comstock-Empire International, INc.
https://wws2.wa.gov/sos/cor/display_record.jsp?item_id=12962&iPosition=7
Corporations Division
Registration Information For:
COMSTOCK-EMPIRE INTERNATIONAL, INC.

Note: This online database is updated Monday - Friday. See our Disclaimer

UBI Number 600219006
Category REGULAR CORPORATION
Profit/Nonprofit PROFIT
Active/Inactive INACTIVE
State of Incorporation WASHINGTON
Date Of Incorporation 03/23/1967
License Expiration Date 03/31/1998

REGISTERED AGENT INFORMATION

Registered Agent Name WAYNE CLEMETSON
Address 25 N LYLE

City KENNEWICK
State WA
Zip 99336

SPECIAL ADDRESS INFORMATION

Address Line 1(may contain name)
Address

City
State
Zip

[Tatari Gami]

November Shareholder's Letter
http://www.winr.net/text/Inv-11-28-01.htm

November 28, 2001

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the fourth report.

Overall Business

Overall business conditions have not changed.

Specific Issues

Liquidity

The Company’s liquidity situation has not changed. Visa has released almost all owed funds and we continue to fund current operations from the portion of those funds that represent our fees. Overall, our cash position continues to be sufficient to continue operations for a couple more months. As indicated in my last report, we have discontinued our efforts to find new investors since the likelihood of finding one is remote.

SEC Investigation

The SEC investigation is ongoing. The SEC staff sent a document request last week. We’re in the process of assembling the requested documents that we have in our possession. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status.

Visa/UBS Card Contracts

We completed discussions with Visa concerning a new contract. We expect to sign it next week. The major contractual issue affecting our business will be Visa/UBS’s position that they will hold funds due us for up to 180 days (due to the nature of our business, the businesses using our service and current customer base). That point will make it difficult for us to secure new customers. However, we have no choice but to see if we can find customers willing to do business with us notwithstanding that onerous term. As indicated before, we continue to build a database of potential customers for marketing and have had discussions with large potential customers. We’ll start contacting them as soon as we sign the contract.

There are no changes to report concerning the status of SEC reporting, relisting, the management team, or the Board of Directors.

This is the fourth monthly report. I’ll prepare another one in December or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

Nicholas Tanney Nolter on Raging Bull
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30362
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30389
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30445
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30456
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30463
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30493
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30494
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30496
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30557
http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30583

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

By: tanney2 $$
Reply To: None Monday, 30 Jul 2001 at 7:55 PM EDT
Post # of 30732

Rienhard, you and your company owes me over $650,000 dollars and with that said, I am tired of all the lies BUT I will give you and your team a chance to tell the truth.

Sometime tomorrow I will post a list of questions, simple and direct, questions that I have not gotten a straight answer in almost one year.

Tanney
*****************

By: tanney2 $$
Reply To: 30363 by festus20 Tuesday, 31 Jul 2001 at 3:54 PM EDT
Post # of 30732

My relationship is/was credit card processing, and of course all moneys were frozen, a long time ago.
****************

By: tanney2 $$
Reply To: 30453 by BillsPick $$$ Monday, 6 Aug 2001 at 5:28 PM EDT
Post # of 30732

Hey BillsPicks, I never HID under any rock in my life, in fact I am always the first to stand up even if it means I can get knocked down. As far as my reputation is concerned, I do not worry about what a handful of zines state that hide behind an alias or for that matter what a couple of sports books are saying.

For your inforamtion and all of the stock holders of WINR it would behoove you all to listen to the truth even if it means you would have to be standup, and quit burying your heads under a rock. First off I was the very first company that wrote the software to process online and this was mid 1996. Today I have the strongest, fastest and most secure software online. No one, no company, especially WINR can tell me what is going on, or how the process works. They are liars and they already spent the money otherwise they would have answered the very basic questions I asked earlier.

Continuing forward, two banks that I processed with, Construbanco in Guatemala, under the company Multicredit, SA left me hanging for over $7 million dollars, I sued them over two years ago. The second bank was Paribas under the company Kleline, they screwed me for over $4 million bucks.
and I sued them. They still owe me the money and both cases are in court. Do you or any of the shareholders know how painful this is? Do you or any others know how tough it is paying your clients when your processing pipe is closed down and your income drops to zero?????

Listen pal, you and whomever else out there is talking bad about me, and if you had seven angels on your shoulders, it would still be a lie. Getting back to WINR and the officers, JUST answer the basic questions and answer them to someone who knows the business, me... and as far a suing another company, especially overseas, forget it, maybe Skinner he lives in Florida, maybe..

Nicholas Tanney Nolter
1299 East Commercial Blvd
Fort Lauderdale, Fl. 33334

PS

For the guy who mentioned Michael Hova, the trip was successful, the end result was not. Not one of them, out of eleven,honored the contract, enough said about communist countries.
****************************

By: tanney2 $$
Reply To: 30462 by jaketruth Tuesday, 7 Aug 2001 at 6:59 AM EDT
Post # of 30732

WINR's used what is known in the business as ISO, (Independant sales Operators) my company was contacted by one Bruce Brennar out of Texas whom worked as an ISO for WINRS. We filled out the necessary forms, necessary financial information and was approved by WINR's to process through them. Off the top fo my head we did about $750,000 through them in about 1.5 months. They paid us less than $100,000. I heard every excuse in the world from these people, but our hands were tied, they had our money. After sometime the processing just stopped. Same lame excuses I have heard since I got into this business.

Charge backs are a part of this business, however, our system scrubs the transactions better than anyone on the market. We first run the sale through our negative database, 18 million, then we send it through Shared Global, a division of FDC. Then we send it to AVS, (Adress Verification System) only works in the US. We also block all old USSR sales, we do not allow any eastern Euro country to send through transactions, obvious reasons.

So we do our homework and we do it better than anyone. So it was not charge backs coming from us that stopped the account with WINRs', it was probably the BAD business they sent through and there is plenty of bad business out there, believe me.

Anyway, to sum up, they owe my company $650K last count, and I doubt seriously that the bank UBS is holding this money, the money was probably disbursed to WINR's a long time ago and they used this as an excuse to rip off the clients, such as me. If this was not the case, then all they have to do is simple accounting. Pretty basic math stuff, like HOW MUCH is UBS holding? how much is Eurocard holding? how many charge backs were there? SIMPLE BASIC math. We have asked this company and everyone in the company for accounting for the past eight months, they have never complied. Our lawyers have been in touch, BUT to no avail, YES we can sue them, BUT it would cost a fortune and we would not prevail, this I assure you.

To put this thing to bed once and for all, all I ask them to do is basic accounting. If they cannot do that with a public company, is this where all of you want to invest?

Nick
**********************
: tanney2 $$
Reply To: 30488 by Swedelo $$$$ Wednesday, 15 Aug 2001 at 2:23 PM EDT
Post # of 30732

Bandwidth problems? I was the very first Upstream provider in the country, had my first T-3 in Florida back in March of 1996 when the entire backbone of the country was about a T-1.

I brought a full OC-48 fiber link from Bellsouth abd backed it up with a OC-12 from TCG, now ATT,

I have over 25 million in hardware, mostly Cisco, and just happen to be a partner with the Cisco people, go to the site. I am alicensed ALEC, LD214 and have a major Earth Station/Teleport in Davie Florida, which happens to be connected to my main network with an OC-3.

I was the very first to land fiber into Guatemala, very first into Costa Rica and Colombia. And had sat dishes to back it all up.

I was the very first online casino operator in CR, many followed.

Today I have major fiber connections to England and Germany and onwards to India. Plus four T-3's to the Net.

So, sir, what exactly are you talking about? Bandwidth problems? You must know something I do not know, so if you do please print it up so everyone can look..

N
**************************
By: tanney2 $$
Reply To: 30490 by pro_aquatic $$$ Wednesday, 15 Aug 2001 at 2:26 PM EDT
Post # of 30732

Nope no interests except getting our money back. I never met anyone from this company, the agent Bruce signed our company in our CR office. Just the money, nothing else, do not own a share of the stock, in fact do not own a share of any stock..
****************************

By: tanney2 $$
Reply To: 30492 by jaketruth Wednesday, 15 Aug 2001 at 2:30 PM EDT
Post # of 30732

Jake I have three inhouse lawyers, and along with that many large firms either represent me now or have in the past.

I welcome all of you that have been hurt or cheated in this deal to drop me a line, I will pay all legal expenses, all just to get some type of revenge.

here is my e-mail: [e-mail]

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

By: tanney2 $$
Reply To: 30551 by jaketruth Sunday, 2 Sep 2001 at 9:18 AM EDT
Post # of 30732

Hi Jake,

Not a problem, our inhouse counsel will be happy to produce our lawsuit and evidence, in fact I will place it online within a few days..

In the meantime and at this stage I really do not care, you can reach our lawyers at: [e-mail]
*********************
By: tanney2 $$
Reply To: 30580 by Neutralizer $$$ Wednesday, 5 Sep 2001 at 8:45 AM EDT
Post # of 30732

HI Neutralizer and everyone else...

I am assuming you took the name "Neutralizer" to either being a Neutral party or you can "Neutralize' any situation, either way, good name...

Now back to your statement: "How can Tanney back up his statements" Well Neut, I made the statements, I called them liars, cheats and con men. Can I prove it, of course I can and I will in time. BUT, if someone called me a cheat, a liar, or anything bad, I would defend it, wouldn't you Neut? So isn't it surprising to you and all the others, that not one word from any of the WINR board, officers or directors.

This is my last post to all of you fine folks that lost money, I truly wish you all the best and I mean that..

[Tatari Gami]

October Shareholder's Letter
http://www.winr.net/text/Inv-10-30-01.htm

October 30, 2001

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the third report.

Overall Business

Overall business conditions have not changed.

Specific Issues

Liquidity

The Company’s liquidity situation has not changed. Visa continues to release funds in small amounts and we continue to fund current operations from the portion of those funds that represent our fees. Overall, our cash position continues to be sufficient to continue operations for a couple more months unless we find new investors. We have discontinued our efforts to find new investors since the likelihood of finding one is remote.

SEC Investigation

The SEC investigation is ongoing. SEC staff interviewed several employees of the Company early this month. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status.

Visa/UBS Card Contracts

We have Visa’s final version of the new contract. The major issue affecting our business continues to be Visa/UBS’s position that they will hold funds due us for up to 180 days (due to the nature of our business, the businesses using our service and current customer base). That point will make it difficult for us to secure new customers. We are now in a position to sign the new contract with Visa, but we’re not sure it will do the business any good. As indicated before, we continue to build a database of potential customers for marketing and have had discussions with large potential customers.

There are no changes to report concerning the status of SEC reporting, relisting, the management team, or the Board of Directors. Members of the Board of Directors were not available to meet in October. I am planning to call a Board of Directors meeting for early November to discuss the future of the company. I hope be able to report the results of that meeting in my November report.

This is the third monthly report. I’ll prepare another one in November or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

September Shareholder's Letter
http://www.winr.net/text/Inv-9-27-01.htm

September 27, 2001

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the second report.

Overall Business

Overall business conditions have not changed.

Specific Issues

Liquidity

The Company’s liquidity situation has not changed. Visa sent some funds to us in September and we continue to fund current operations from the portion of those funds that represent our fees. Overall, our cash position continues to be sufficient to continue operations for a couple more months unless we find new investors. We’re continuing our efforts to find new investors and we have identified some possibilities. However, it is unlikely that they will invest.

SEC Investigation

The SEC investigation is ongoing. We had no contact with them this month. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No change in status. No work is being done to prepare financial statements except that we are reviewing the records sent to us from the U.S. As indicated in the past, we’ll work diligently to prepare a good set of baseline financial statements after we’re confident that the customer base and revenue stream can be rebuilt.

Visa/UBS Card Contracts

We’re continuing our discussions with Visa concerning the new contract. The major issue affecting our business continues to be Visa/UBS’s position that they will hold funds due us for up to 180 days (due to the nature of our business, the businesses using our service and current customer base). That point will make it difficult for us to secure new customers. We do expect to sign the new contract with Visa soon. And as indicated before, we continue to build a database of potential customers for marketing and have had discussions with large potential customers. Once the Visa contract is signed, we can contract with new customers.

There are no changes to report concerning the status of SEC reporting, relisting, the management team, or the Board of Directors. I am planning to call a Board of Directors meeting for early October to discuss the future of the company. I should be able to report the results of that meeting in my October report.

This is the second monthly report. I’ll prepare another one in October or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

August Shareholder's Letter
http://www.winr.net/text/Inv-8-30-01.htm
August 30, 2001

Dear Shareholders,

I promised to provide monthly written updates about our efforts to improve the financial performance of Winners Internet Network, Inc. (the “Company”). Here’s the first report.

Overall Business

Overall business conditions have not changed. But, we are making progress on some issues.

Specific Issues

Liquidity

The Company’s liquidity situation has not changed. Visa has indicated that a portion of the funds being held will be sent to us this week. Our fees and charges will be deducted from the amount sent to us and the balance will be forwarded to our vendors. Overall, our cash position is sufficient to continue operations for a couple more months unless we find new investors. Efforts are being made to find new investors and we have identified some possibilities. However, we still do not have firm commitments and as time goes on it becomes less likely that we will find them.

SEC Investigation

The investigation is ongoing. We had a cordial discussion with representatives from the SEC in mid-August for purposes of helping them gather facts. We do not know when the investigation will be concluded although it is reasonable to expect that the process could last another 3-6 months. The ultimate outcome of this process and the impact on us remains highly uncertain.

Financial Statements

No work is being done to prepare financial statements except that we are reviewing the records sent to us from the U.S. We’ll work diligently to prepare a good set of baseline financial statements after we’re confident that the customer base and revenue stream can be rebuilt.

Visa/UBS Card Contracts

Visa/UBS produced the draft contract on schedule as promised. We met with Visa/UBS representatives on August 24 to discuss the contract and discussed a number of provisions that we asked them to consider changing. They are considering some of the proposed changes. At least one important point relative to the draft contract will probably not change: Visa/UBS will continue to hold funds due us for up to 180 days (due to the nature of our business, the businesses using our service and current customer base). As you can imagine, that point will make it difficult for us to secure new customers. Notwithstanding this difficult provision, we do expect to sign the new contract with Visa in late September. In anticipation of this, we continue to build a database of potential customers for marketing and have had discussions with large potential customers. Once the Visa contract is signed, we can contract with new customers.

There are no changes to report concerning the status of SEC reporting, relisting, the management team, or the Board of Directors.

This is the first monthly report. I’ll prepare another one in September or as soon as a significant development occurs.

Sincerely,

Stefan Vogt

Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

SECURITIES AND EXCHANGE COMMISSION v. GEORGE SCHLIEBEN, Civil Action No. 98CV-5689 (E.D. Pa.) LITIGATION RELEASE NO. 15951 / October 27, 1998 The Securities and Exchange Commission announced that, on October 27, 1998, it filed a complaint in the United States District Court for the Eastern District of Pennsylvania against George Schlieben, of Yardley, Pennsylvania. The complaint alleges that Schlieben, the sole editor and publisher of an online newsletter called Global Penny Stocks ("GPS"), failed to disclose the amount of compensation he received from issuers, either directly or indirectly, for recommending their stocks, in violation of Section 17(b) of the Securities Act of 1933 ("Securities Act"), the anti-touting provision. Based on these violations, the Commission seeks a permanent injunction and civil penalties against Schlieben. The complaint alleges that since approximately September 1996, Schlieben has posted at least 29 editions of the GPS newsletter, each containing a self- described "Special Research Report" ("Report"). Each of these Reports, which are nothing more than paid advertisements, are available for free on Schlieben's website located at www.pennystock.com. In each of the Reports, Schlieben writes favorably about a particular penny stock company and recommends the purchase of the stock. As compensation for these favorable reports and recommendations, Schlieben is paid a fee directly from the issuer or from an investment relations company acting on behalf of the issuer. In each of the Reports, Schlieben discloses in small type that he receives a fee from the issuer or investor relations firm to write the Report. However, although Schlieben charges from $2,250 to $5,150 for each Report, and has received to date total compensation of approximately $105,500, he failed to disclose in his newsletters the amount of compensation paid to him by or on behalf of the issuers whose stock he recommended, as required by Section 17(b) of the Securities Act.
http://www.sec.gov/litigation/litreleases/lr15951.txt
See http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=15646...

[Tatari Gami]

Minutes of the Shareholders' Meeting,
as posted on http://www.winr.net on August 3, 2001.
Winners Internet Network, Inc.
Minutes of the Shareholders Meeting
Saturday, July 28, 2001
4:00 PM (Central European Time)
10:00 AM (East Coast US)
7:00 AM (West Coast US)

Burotel
Landstrasse 163
9494 Schaan
Liechtenstein

Representing Winners Internet Network, Inc.:

Mr. Stefan Vogt, Chief Executive Officer
Mr. Philipp Buechel, Operations
Dr. Reinhard Proksch, Member of the Board
Mr. William Moore, Consultant

Business:

The Winners Internet Network, Inc. (“Company”) shareholders meeting was called to order by Mr. Stefan Vogt at 4:00 PM CET. Mr. Vogt introduced himself and the attendees sitting with him at the head table. Messrs. Buechel and Moore and Dr. Proksch provided brief explanations about their respective responsibilities and background. Mr. Vogt announced that Mr. Ronald Oehri, Member of the Board, is unable to attend due to illness, that the meeting will be conducted in English, that it is being broadcast on the Internet, and that management would report first and take questions from shareholders second.

Mr. Vogt welcomed shareholders and thanked them for their interest in the Company. He then made several announcements concerning the resignations of Mr. David Skinner and Mr. Douglas Morgan as members of the Board of Directors, composition of the board and negotiations with potential new members. Mr. Vogt also made a commitment to keep shareholders appraised of the situation through regular reports.

Mr. Vogt indicated that he believes, overall, that the Company has a reasonable chance of survival. He then reviewed the Company’s current operating status. He indicated that the Company has sufficient cash to operate for 3-4 months based on the following: 1) an analysis of cash revenues expected from old business 2) an assumption that the Company’s resources are primarily used to rebuild the customer base and 3) no new investors are found. Mr. Vogt indicated that he is reviewing each customer relationship and will keep those that are satisfactory and end those that are not. He also indicated that negotiations are underway with VISA to establish a new contract and that the Company expects to receive a proposal from VISA on August 15. He also explained that it is difficult to recruit new customers until negotiations with VISA are completed. Mr. Vogt also discussed efforts to attract new customers, which is ongoing.

Mr. Vogt asked Mr. Moore to talk about the Company’s current financial condition. Mr. Moore reiterated and elaborated on the key point made by Mr. Vogt – the Company’s survival is dependent primarily on its ability to rebuild the customer base and revenue stream. He indicated that the priority would be to continue operations and that pending regulatory, legal and reporting issues would be a second priority. He indicated that it is still not possible to provide reliable financial statements due to the following: 1) incomplete Company records 2) the need to review Company records recently sent to Liechtenstein from the United States 3) discrepancies in records that need to be reconciled and 4) the need to review all contracts that affect revenues and costs. Mr. Moore indicated that the Company expects to have approximately 3-4 months cash to continue operations based on the assumptions provided by Mr. Vogt and that it was using a simple cash budgeting tool in lieu of financial statements to monitor the Company’s financial situation. He also indicated that it is unlikely that the Company will receive additional cash revenues from old and new customers until a new contract with VISA is in place and that the Company has identified more than one potential new investor. He indicated that contracting with new customers and finding new investors would have a positive impact on the Company’s cash flow.

Representatives of the Company took questions from shareholders. The key items from that discussion are the following:

The Company’s operating costs currently run approximately $30,000 per month. Approximately $90,000 in positive cash flow is expected from settlement of old business. Therefore, the Company expects to have sufficient cash to operate for 3 + months exclusive of cash flow related to new business and new investors.

Corporate records were received in Liechtenstein approximately four weeks ago. The records are being reviewed and organized.

The Company notified the SEC in May that it was no longer able to retain counsel. The Company has had no subsequent contacts with the SEC and does not plan to initiate any until after it rebuilds the customer base and can retain counsel.

The credit card processing software is working well. No upgrades are planned due to resource constraints.

The current staffing level of the Company is three full time employees and Mr. Moore who is advising the Company on recovery strategies.

Most of the Company’s old business was generated by gambling and adult related websites. The Company’s strategy is to move away from this market segment into more traditional retail e-commerce.

The Company uses the latest versions of encryption software provided by Supra Secure Net, a member of the SupraNet family of companies.

In closing, Mr. Vogt thanked shareholders for their participation and adjourned the meeting.

End of summary.

---------------------------------------------------
Subsequent to the shareholders meeting, Mr. Vogt decided that an update would be posted on the Company’s website during the last week of each month. The first update will be posted during the week of August 27, 2001.

[Tatari Gami]

John Peters
John W. Peters was appointed President and Chairman of the Board on June 9, 1997. He has served as our director from January 15, 1997. Previously he was our Operations Manager from 1993 through 1995. He has served as president
and an executive officer of Certified Environmental Laboratories, Inc. and was vice president of sales and marketing for Comco Communications Corp. in
California. Mr. Peters studied business administration at Long Beach Community College and California Polytechnic State University in San Louis Obispo, California.

CERTAIN BENEFICIAL OWNERS

PHI Mutual Ventures, LLC. 11,150,000 42.4%
1993 Dewer Lane #1-254
Rock Springs, Wyoming 82901

Mutual Ventures Corporation 1,530,010 5.8%
211 W. Cottage Avenue
Sandy, Utah 84070

Item 12. Certain Relationships and Related Transactions.

The following information summarizes certain transactions in excess of
$60,000 either we engaged in during the past two years or we propose to engage
in involving our executive officers, directors, 5% stockholders or immediate
family members of such persons.

On October 31, 1998 we received a demand for payment for a promissory
note, dated October 1, 1997, in the amount of $142,975. The original holder
of the note, Principal Holdings, Inc., had assigned the note to PHI Mutual
Ventures, LLC, a shareholder. On November 27, 1998 we issued 8,600,000
shares, valued at $86,000, to PHI Mutual Ventures, LLC to satisfy the note.

Six Way Inc., a shareholder, advanced funds to us on a short-term basis
during 1997 and on June 5, 1998 the debt was converted to 1,000,000 shares,
valued at $87,900.

Earth Products & Technologies Inc · 10KSB · For 12/31/99

http://www.google.com/search?q=cache:eTFsvyTD90s:www.secinfo...

[Tatari Gami]

http://www.casinopirata.com/kreditoption.html
NOTE: Please click on Credit Card option below for credit card deposits. For the wire transfer or money order / cashier's check deposits, please click on the respective option below. .

You will be billed by KORO AG (MasterCard) or CYBERLINK (Visa), an authorized agent of Casino Pirata.

back

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http://www.aceinthehole.co.cr/kreditoption.html

NOTE: Please click on Credit Card option on the left for credit card deposits. For the wire transfer or money order / cashier's check deposits, please click on the respective option.

You will be billed by KORO AG (Master Card) or CYBERLINK (Visa), an authorized agent of Ace in the Hole.

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http://209.203.213.176/account/start/start.asp

Welcome to San Jose, Costa Rica
Please fill in all fields completely and accurately to insure proper registration

All transactions are secure and all information is kept in strict confidence.
You will be billed by KORO AG(MasterCard) or CYBERLINK (Visa), an authorized agent of Casino .

[Tatari Gami]

http://www.who2beton.com/html/articlebetworld2.htm
PAGE IS SPONSORED BY www.BETTORSWORLD.com

VIRTUAL VEGAS - New technology and an anything-goes governing attitude make Costa Rica ''the Mecca of offshore wagering.'' By Glenn Garvin - [e-mail]

VIRTUAL VEGAS New technology and an anything-goes governing attitude make Costa Rica ''the Mecca of offshore wagering.''

SAN JOSE, Costa Rica -- This prim, orderly little country likes to think of itself as The Switzerland of Central America. But these days, if you listen carefully, you can almost hear the clatter of poker chips and roulette wheels zipping through the ether. What we really have here is The Virtual Las Vegas of Central America.

Powered by the Internet and new technology that allows them to import thousands of telephone lines by satellite, and enchanted by the anything-goes attitude of the Costa Rican government, bookies and hustlers are turning this country into what Bettor's World magazine calls ''the Mecca of offshore wagering.''

From your living room in Topeka, Kan., or Tucumcari, N.M., you can link your computer with one in Costa Rica, then match wits with a blackjack dealer or place a bet on Sunday's Dolphins game. You could wager on how much Madonna's new baby would weigh or on which bad-boy celebrity would be the first to be arrested for beating his wife.

''Porn may be the top business on the Internet, but gambling is No. 2,'' says Tom Somach, who covers the offshore industry for Rolling Good Times Online (www.rgtonline.com), a website for gamblers. ''And these days, when you talk about the Internet, you're talking about Costa Rica.''

Adds Anthony Cabot, a Las Vegas attorney and an expert in offshore gambling: ''There are lots of places that permit offshore gambling, but you go to Antigua and there's a $100,000 license you have to buy. You go to the United Kingdom and there's a very high gross revenue tax. In Costa Rica, there's nothing.''

Predictably and unfortunately, for some gambling addicts the permissive attitude has attracted more than a few con men, mobsters and sleazeballs, as many of the gambling executives themselves admit. ''Every Tom, Dick and Harry wants to put up a server in a room the size of a closet and call themselves a company,'' complains Tom Miller, the general manager of Millennium Sports, one of the largest operations in Costa Rica. ''Unfortunately, yeah, some of them are crooks, and that's what's putting a black eye on the industry.''

Complaints by bettors who've won tens of thousands of dollars, then been unable to collect, are routine. ''So many of these places, you can't even find out who owns them,'' says Fred Faust, managing editor of Rolling Good Times. ''Sometimes all you've got is a phone number, sometimes only an e-mail address.''

RAPID GROWTH

Between 50 and 100 gambling operations mostly owned by Americans have set up shop in San José over the past three years, with more showing up all the time. They range from boiler rooms where a lone bookie answers a couple of telephones to gleaming office towers studded with satellite dishes where small armies of cybertechies juggle thousands of customers scattered across the globe. CARIBBEAN CONNECTION: Through this website, with various gambling links, South Florida entrepreneur Nicholas Tanney Nolter maintains a strong presence in San José. Nolter owns Worldnet, an Internet bandwidth provider and online gaming enterprise.

At least one colorful South Florida entrepreneur -- Nicholas Tanney Nolter, owner of Worldnet, an Internet bandwidth provider and online gaming enterprise -- has a strong presence in San José.

The offices of Nolter's CasinoPirata.com (Pirate Casino), Queen of Lust Casino, Casino Bahamas Sportsbook and Ace in the Hole websites in an upscale Sabana Sur building are full of busy programmers from countries such as Cuba and India. His Pompano Beach offices handle credit card processing for the gambling enterprises, and sales to investors of virtual casinos he has designed.

Like new pirates of the Caribbean, the offshore gamblers skitter about just outside the reach of tax collectors and the FBI. And they collect booty -- lots of it. Because Costa Rica doesn't regulate them at all -- all they need is an ordinary business license that costs about $50 -- it's impossible to collect reliable statistics on the gambling shops. But there's no question that a lot of cyberdollars flow through them each day.

Internet gambling companies will make nearly $1.5 billion this year, according to a report issued by industry consultant River City Group, with that amount expected to double by 2002. Telephone sports-betting probably increases those numbers by half.

Though only a tiny percentage of that money stays in Costa Rica, it's nonetheless brought the country several thousand well-paid jobs as well as an economic ripple effect as the computer shops gobble up office space and computer equipment.

A bettor who does learn the identity of the owner may not find the news all that comforting. One of the Costa Rican gambling shops targeted most frequently by complaints is Caribbean Sports, which takes sports bets over the phone.

Caribbean Sports has been accused by customers of failing to pay more than $100,000 in winnings over the past two years. MASTERANA Caribbean Sports is run by Frank Masterana, a bookie of unusual distinction: His is one of just 35 names in Nevada's so-called Black Book, a list of people the state has banned from entering casinos because of a ''notorious and unsavory reputation.'' Masterana has convictions on illegal gambling charges in Ohio, California, Georgia, Pennsylvania and Nevada, and the Nevada Gaming Commission calls him ''an organized crime associate.''

Pish-posh, says Masterana, who actually lives in the Dominican Republic, where he runs a walk-in sports betting shop. ''I'm in the Black Book for two reasons,'' he said. ''One, I'm Italian. Two, I was convicted of illegal bookmaking, which, to Nevada, is just a heinous crime.'' He shrugs off the complaints by winners who haven't been paid: ''You're always going to have disputes with everybody in this business.''

The 71-year-old Masterana intends to continue residing in the Dominican Republic, where he's fathered several children by a string of 20-something girlfriends. (''Thank God for Viagra!'' he says, often and with fervor.)

But the true paradise of offshore gambling, he said, is Costa Rica. ''They welcome you with open arms, and they don't require a license,'' Masterana says. ''All they want is for you to hire some local people and help out the economy. That's why Costa Rica is so much further advanced than the Dominican Republic.''

BRIEF HISTORY

The first offshore gambling operations turned up in Costa Rica in 1997. But a major migration began the next year, when the Dominican Republic -- for years a haven for the offshore shops -- began arresting owners on hazy charges in what many of the gamblers say was a shakedown operation.

In search of a safer home, some of the shops stumbled onto Costa Rica. They liked what they saw -- a large potential labor force of college students, bilingual and computer-literate -- and what they didn't see -- a licensing requirement.

The advantages offered by Costa Rica have permitted some of the shops to grow at rates that stagger even their owners. ''We needed a place big enough to hold us, and we've finally found it,'' says Gary Kaplan, the CEO of NASA International, which industry insiders say is the biggest offshore gambling company in the world.

After trying Aruba and then Antigua, NASA International settled in Costa Rica in 1998. The company occupies 60,000 square feet of a San José office tower and has already signed leases to add 40,000 more next year, not only to accommodate growth in its work force, which already numbers 500, but to add a health club, spa and smoke shop to entertain visiting high rollers.

NASA International has already spent more than $2 million on communications infrastructure that allows tens of thousands of wagers to flow into its telephones and computers every day. The company has 500 incoming phone lines and, as an indication of Kaplan's expectations, has purchased equipment to increase capacity to 2,400 lines.

''We've been here three years, and every single day we're still building,'' says Kaplan, 41, a former New York City neighborhood bookie.

The growth is funded by bettors from all over the world (NASA International's website can be accessed in 10 different languages) who link up by telephone or computer to wager on anything from British cricket to the weight of Madonna's new baby. Weird betting propositions are the company's specialty: most notoriously, it offered odds on whether a well-known singer would come out of the closet, and a pool on whether singer Bobby Brown, actor Jean-Claude Van Damme, or former basketball star Dennis Rodman would be the first arrested for beating his wife.

''I'm a believer in Rodman all the way, so the odds on him were short,'' recalls Kaplan. ''Bobby Brown, you think maybe Whitney (Houston, his singer wife) will keep him in check a little bit, so we put him down at the bottom.''

Even so, the wife-beating pool was not the weirdest NASA International betting line. It also offered odds on whether an experimental ion collider at Brookhaven National Laboratory would generate a black hole -- a line created after some of the Brookhaven scientists themselves called in and wanted to place bets.

''It took five of us sitting around to even figure out what they were talking about,'' says company counsel Ellen Zindler. ''And setting the odds was tough. But once we figured out that the creation of a black hole would swallow the Earth and cancel a payoff, we were OK with it.''

WHOLE NEW LOOK

With its vast plains of computer terminals and cadres of smartly dressed secretaries, NASA International seems light-years removed from the flaky backroom world of bookies and flimflam artists. But the company has seen its share of the weird scrapes that come with the offshore territory.

It pulled several photos of rockets and astronauts off its website after lawyers from the space agency NASA rather testily warned Kaplan that their client was getting tired of complaints about the propriety of a U.S. government agency running a gambling operation. And last year, Lloyd's of London forced NASA International to stop boasting that the British company was insuring bettor's money.

NASA International also has been in a long-running dispute that has created a noisy buzz in gambling circles: It has refused to pay off nearly half a million dollars in winning football bets by a Southern California man. The company says the man is a professional gambler who was placing bets under a phony name because NASA International wouldn't have accepted them under his real name.

''We always demand proof of identity before paying off a winning bet,'' says Zindler. ''Let him show up with some proof, and we'll pay him.''

But NASA International is on thin ice when it comes to phony names. Kaplan always introduces himself -- including to a Herald reporter -- under the name Greg Champion. Employees are instructed to call him simply G to avoid a slip-up in front of visitors.

Kaplan seems to feel he has some dangerous enemies; he's always accompanied by a phalanx of bodyguards, and often practices target-shooting in a firing range inside NASA International's offices. Associates say that one of his main worries is the FBI, which takes a dim view of offshore gambling.

THROUGH A LOOPHOLE

A 1961 federal law makes it illegal to use phone lines or wires to place bets on sports across state lines or international borders. But the law contains a loophole to use phones to ''assist'' in placing bets in a jurisdiction where gambling is legal. TAKING BETS, WORLDWIDE: On an upper floor of the San Pedro Mall in a suburb of San José, Costa Rica, a small army of cybertechies working for NASA Sports International juggle thousands of gambling customers scattered across the globe.

Offshore gamblers generally keep their money in a different country than the one where they operate their phones lines and computers (Antigua is a favorite banking location for many of the companies). These gamblers argue that when someone calls Costa Rica to put down $100 on Sunday's Dolphins game, that person is merely ''assisting'' the telephone operator there, who will actually place the bet at a bank somewhere else. Like new pirates of the Caribbean, the offshore gamblers skitter about just outside the reach of tax collectors and the FBI.

But federal prosecutors rejected that argument pretty emphatically in 1998, when they charged 21 offshore operators with violating the law on betting by telephone. Twelve of the defendants agreed to go out of business and either paid a fine or had the charges dismissed. (Though some of the fines were stunningly high: 67-year-old North Miami Beach businessman David Budin, who was running a telephone sports betting operation in San José, was assessed $750,000.)

CONVICTION THIS YEAR

The only defendant who went to trial and offered the ''assisting'' defense, a former stockbroker named Jay Cohen who was running a phone operation in Antigua, was convicted this year and sentenced to 21 months in prison. The case is under appeal.

The news sent chills through the offshore gambling industry, and Las Vegas attorney Cabot says it should have: ''They're clearly in harm's way.'' Congress nearly passed a law earlier this year that would have made the ban even more explicit and extended it to other forms of Internet gambling as well.

In an attempt to evade prosecution, many of the offshore gamblers have thrown up protective screens of foreign corporations. Millennium Sports is owned by a Panamanian corporation, known around the world for their secrecy, and general manager Miller blandly says he doesn't know who the stockholders are. NASA International's operations in San José are done through a local corporation whose officers all appear to be Costa Ricans.

Kaplan says he's not worried: ''They haven't charged anyone else since 1998, and I don't think they will,'' he says. But so far, NASA International's website isn't offering to bet on it.

Herald reporter Paul Brinkley-Rogers contributed to this report.

[Tatari Gami]

http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30362
By: tanney2
Reply To: None Monday, 30 Jul 2001 at 7:55 PM EDT
Post #30362 of 30400

Rienhard, you and your company owes me over $650,000 dollars and with that said, I am tired of all the lies BUT I will give you and your team a chance to tell the truth.

Sometime tomorrow I will post a list of questions, simple and direct, questions that I have not gotten a straight answer in almost one year.

Tanney

(Voluntary Disclosure: LT Rating- Strong Sell)

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http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30389

By: tanney2
Reply To: 30363 by festus20 Tuesday, 31 Jul 2001 at 3:54 PM EDT
Post #30389 of 30400

My relationship is/was credit card processing, and of course all moneys were frozen, a long time ago.

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http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=30391

By: tanney2
Reply To: 30364 by silverline $$$ Tuesday, 31 Jul 2001 at 4:04 PM EDT
Post #30391 of 30400

Warren, the future of WINR's is only predicated on what they do for the past customers, NOT, people whom own stock, but people whom trusted them with the money. I have no idea who you are and for that matter I do not care, what you do is your business, BUT they have $650K of my money and getting it back looks like the same way the stock is going, down!!

The questions I have are really quite easy to answer, BUT I have not gotten an answer from anyone since this happened:

A. If indeed the moneys are being held by Visa or the bank, what is the amount?

B. How much is Master Card, or Euro card holding?

C. How much do you owe to your processing customers?

D. Can any of the above be verified?

Simple questions, and I would appreciate simple answers..

Tanney

[Tatari Gami]

Amendment to Software Licensing Agreement
EX-6.5 · Software Licensing Agree Amend
--------------------------------------------------------------------------------EX-6.5 · 1st Page of 3 TOC · Top · Previous · Next · Bottom · Just 1st--------------------------------------------------------------------------------

WINNERS INTERNET NETWORK, INC.

MANAGEMENT;
David C. Skinner, Jr., President
David C. Skinner, Sr., Consultant
Charles K Scott, Vice. President Technical
Sandra K. Varney. Vice President Administration

February 11, 1999

To: Mr. Jesse Cohen

Fax: [phone] (Tele. 888 815 4390)

From: David C. Skinner

Re: Software Licensing Agreement

Dear Mr. Cohen:

In conjunction with your communication with David C. Skinner this day, February
11, 1999, we have revised some of the terms outlined in our fax communication to
you of February 5 and 8, 1999 and have incorporated these changes below. The
following terms will be considered an amendment to the terms and conditions of
your Software Licensing Agreement which relate to these specific areas and this
communication supersedes the previous fax communication to you of February 5 and
8, 1999 referred to above.

Winners Internet Network, Inc. (WINR) has agreed to accept a $ 5,000 U.S. dollar
payment with your application and a separate $5,000 U.S. dollar payment upon
acceptance for a total of $10,000 U.S. dollars. WINR has agreed to waive the
balance of the $50,000 U.S. dollar fee in exchange for which the following is
understood:

1. WINR will have an exclusive two-year contract with an additional one
year extension at WINR's option to process all of the charge card activity for
all iChargeit Internet Mall ventures except for the iChargeit.com Mall venture
in which the following term sheet involving iChargeit and another of iChargeit's
key partners is already in place. Partner X (iChargeit's key partner is referred
herein as Partner X per advice of iChargeit's legal council until iChargeit has
signed contracts with all parties) will be iChargeit's exclusive electronic
commerce provider. Partner X acknowledges that iChargeit has relationships with
credit card processors outside the United States. Transactions with such
non-United States processors will not conflict with this exclusivity clause.

2. When iChargeit was negotiating with Partner X they realized the
potential that the iChargeit/WINR/CMS joint ventures held and left open all
posibilities for this union to succeed. iChargeit proposes the following:
WINR/CMS shall also be the exclusive credit card processor within the
iChargeit.com Mall for all transactions Involving any currency conversion and
for all transactions in non-U.S. dollars, while the existing relationship
iChargeit has in place at this time will only handle transactions beginning and
ending within the United States made hi U.S. dollars and only

--------------------------------------------------------------------------------EX-6.5 · 2nd Page of 3 TOC · 1st · Previous · Next · Bottom · Just 2nd--------------------------------------------------------------------------------

within the iChargeit.com CyberMall. All other credit card transaction processing
except for the above shall be exclusively handled by WINR/CMS.

In return for iChargeit granting WINR/CMS exclusivity for all of
iChargeit's credit card processing (except for the stipulation in item #2)
iChargeit will be WINR's/lCMS's exclusive shopping/e-commerce vehicle. iChargeit
will exclusively use WINR's/CMS's software/credit card processing for the life
of the contract for all e-shopping ventures iChargeit undertakes and iChargeit
will be WINR/CMS's exclusive e-store, e-mall website builder and manger.

iChargeit currently has a division called iChargeit Global
StoresonLine. iChargeit, as a sign of good faith, will build a sign-up system
for CMS to sign up and open debit accounts for all of iChargeit's customers as
part of iChargeit's Global StoresonLine suite of services package. iChargeit
expects no compensation for this added service and is done to aid its key
partners WINR and CMS to gain market share with their products and services.

3. iChargeit's Partner X has agreed to work with iChargeit and WINR to
make sure that all aspects of iChargeit's shopping cart system interfaces
correctly with WINR's processing software. WINR agrees to work with iChargeit
and Partner X to insure the same result. iChargeit will pay all expenses
involved with their end of the shopping and processing system and WINR agrees to
do the same for their end of the shopping cart/processing system. WINE agrees to
handle the necessary expense to be able to link the card approval with the
information prodded by the shopping cart/processing system. It is expected that
this will include WINR being able to interface the data for the shopping card,
bankcard processing, link with the vendor and related information supplied by
information packets. Additionally, WINR agrees to include iChargeit as an equal
one-third partner in any joint ventures which may arise on relationship with
Partner X.

4. The fee paid is being used to create a separate database for iChargeit/
CMS Mall a/k/a Shopping Downtown. iChargeit will provide the necessary funds and
resources for said Mall. These deposits are not refundable upon a CMS as WINR
will immediately commence resources to coordinate processing.

5. The BankCard offered by CMS is not within the jurisdiction of WINR and
is not a part of this processing contract. However, if and when a card becomes
available it will be incorporated at the sole discretion of the CMS Group and
CyberLink Trust (CT).

6. It is expected there will he joint cooperation between WINR and
regarding press releases, banners, hyperlinks and so on.

7. For the first year, the processing will belong solely to WINR. At the
end of the first year, consideration will be given based upon the business
activity to allow participation of iChargeit in processing revenues. However, it
is agreed that iChargeit will add a flat transaction fee of $0.60 per
transaction. This fee will be paid by the customers/shoppers and will not be
paid by nor imposed against WINR.

8. It is expected that favorable terms and conditions for revenue
production for the CyberLink Group will be afforded with the operation of any
malt with terms at least comparable to those addressed in a preliminary Letter
of Intent to them.

9. It is expected that CT will approve this agreement based upon WINR's,
inquiry with CT.

--------------------------------------------------------------------------------EX-6.5 · Last Page of 3 TOC · 1st · Previous · Next · Bottom · Just 3rd--------------------------------------------------------------------------------

Mr. Cohen, if you are in full agreement with these amended term as stated above,
please make a copy of this document and sign both below where indicated,
initially all pages accordingly, sending me a faxed copy of one of the originals
via our fax # [phone] and sending both of the signed originals to me via
return mail. I will, in-turn, sign both originals upon my return to the U.S. and
send you an original for your files. In the interim I will have my office
forward a copy of your faxed signed document so I can sign same and send you a
fax for your files until the originals can be properly executed.

Also, please note that these amended terms as stated above are referred to
within the Software Licensing Agreement making this documentation a part
thereof. Said Software Licensing Agreement is attached hereto for your
signature. Please make a copy of this document and sign on page 2 where
indicated, initialing all pages accordingly, sending me a faxed copy of one of
the originals via our fax # [phone] and sending both of the signed original
Agreements to me via return mail. I will, in-turn, sign both originals upon my
return to the U.S. and send you an original for your files. In the interim I
will have my office forward a copy of your faxed signed document so I can sign
same and send you a fax for your files until the originals can be properly
executed.

Mr. Cohen, we welcome you to the WINR team and we are excited about the joint
opportunity we share!

Agreed to by; _________________________
Jesse Cohen, iChargeit

Agreed to by; /s/ David C. Skinner, Jr.
___________________________
David C. Skinner, Jr.
Winners Internet Network, Inc.

Date: February 11. 1999

[Tatari Gami]

Software Licensing Agreement
between Winners and Ichargeit,
as attached to ichargeit's 10SB12G
EX-6.4 · Software Lic Agree W/Winners Internet Net 2/11/99
--------------------------------------------------------------------------------EX-6.4 · 1st Page of 7 TOC · Top · Previous · Next · Bottom · Just 1st--------------------------------------------------------------------------------

SOFTWARE LICENSING AGREEMENT

CYBERLINK MONETARY SYSTEM, EST.

WINNERS INTERNET NETWORK, INC.

License Agreement for iChargeit

PROGRAM PRODUCT

PARTICULARS
Program Product(s):

Invoice address:

CyberLink Monetary Systems, EST. Attn: WINNERS Administrative Offices
Software for Management and Landstrasse 161-163
Accounting of Internet Processing 9494 Schaan/Vaduz
Liechtenstein

This agreement dated the 11th day of FEBRUARY 1999 is between Winners Internet
Network, Inc. (herein referred to as WINNERS), CyberLink Monetary System, EST
(herein referred to as CyberLink) and Licensee (herein referred to as Licensee).
This agreement is hereby considered to be amended to concur with the revised
terms outlined in the documentation signed by Mr. Jesse Cohen of iChargeit of
February 11, 1999 which relate to these specific areas within this Software
Licensing Agreement and which is considered an attachment hereto.

Name of Company: iChargeit

Business Operation: / /Casino / /Sportsbook / /Bingo / /Lottery
/X/CyberMall Shopping

Contact: JESSE COHEN Title: CEO

Tel: [phone] Fax: [phone] E-mail: [e-mail]

Financial Contact: JESSE COHEN Title: CEO

Tel: [phone] Fax: [phone] E-mail: [e-mail]

Technical Contact: JESSE COHEN Title: CEO

Tel: [phone] Fax: [phone] E-mail: [e-mail]

Registered Office Address: 8162 CAPEHOPE CIRCLE, SUITE 201 HUNTINGTON BEACH,
CA 92646

(illegible)
--------------------
1 Parties Initial Here

--------------------------------------------------------------------------------EX-6.4 · 2nd Page of 7 TOC · 1st · Previous · Next · Bottom · Just 2nd--------------------------------------------------------------------------------
· Enlarge/Download Table

LICENSING FEES:
One Time License Fee:

Ten thousand..........................................................$10,000 Dollars
Payable as follows:
$ 5,000 Deposit upon signing of this agreement pending approval.
Funds will be applied toward License fee if approved.
Funds will be returned if approval is denied.
$ 5,000 Upon written notification of Licensee's approval.

All payments totaling $10,000 shall be wired as instructed to the
benefit of CyberLink Monetary System, EST.

LICENSEE'S OPERATING SYSTEM
System Manufacturer: __________________________________________________________
License Expiry Date: __________________________________________________________
Operating System Type/Version:_________________________________________________
Serial Number(s) of Licensed Processor(s):
Processor 1____________________________________________________________________
Processor 2____________________________________________________________________
Processor Type: / / License Type: Single / / Processor/Multiple
/ / Processor/Site License / / Multiple Site License
/ / National License

The above Particulars and the grant and acceptance of the License, Special
Conditions (if any) and Conditions attached to this form are hereby agreed and
the Client hereby undertakes to pay the fees stated in the above Particulars.

For CyberLink Monetary Systems, EST.

Dr. R.J. Proksch Director
--------------------------------------------------------------
Print Name Title

/s/ R. J. Proksch 12/3/99
--------------------------------------------------------------
Signature Dated

For The Licensee:

Jesse Cohen iChargeit CEO
--------------------------------------------------------------
Print Name Title

/s/ Jesse Cohen 3/12/99
--------------------------------------------------------------
Signature Dated

For Winners Internet Network, Inc.

David K. Skinner Jr. CEO
--------------------------------------------------------------
Print Name Title

/s/ David K. Skinner
--------------------------------------------------------------
Signature Dated
SPECIAL CONDITIONS:

(illegible)
--------------------
2 Parties Initial Here

--------------------------------------------------------------------------------EX-6.4 · 3rd Page of 7 TOC · 1st · Previous · Next · Bottom · Just 3rd--------------------------------------------------------------------------------

GRANT OF LICENSE FOR WINNERS SOFTWARE PRODUCT

WINNERS hereby grants to the Client named in the attached Particulars (the
"Client") a non-exclusive non-transferable License to process data by means of
the Program Product(s) named in the Particulars ("the Software"). WINNERS
warrants that they have the exclusive use of the proprietary software for all
Internet Shoppers, Players, Vendors and Casino Link Systems providing total and
complete management and accounting of all financial transactions representing
the Exclusive Shoppers/Player's Tracking System. It is understood that the term
"Player" shall also mean Internet Shopper. It also provides safe and reliable
currency conversions of worldwide currency for the accessibility of worldwide
transactions based upon currency exchange through its proprietary CyberLink
Monetary System. The "System" will also provide an online virtual Debit Card
System to be coupled with an actual Debit Card Linking and Trust Management
System. These instruments are to be used for the online Internet Shopping and
for the purpose of handling and processing the Internet flow of money providing
detailed audit trails of the flow of transactions and for the administration,
management, and processing of Internet Shopping Transactions.

The License hereby granted is subject to the following conditions, the attached
Special Conditions (if any) and (insofar as they are not inconsistent) WINNERS'
General Conditions which, with the attached Particulars and any documents to
which they or any of the foregoing refer, shall comprise the complete agreement
between WINNERS and the Client relating to the licensing of the Software for the
Client's use, shall replace and discharge all prior representations and
agreements (if any) relating to licensing of the Software, and may only be
varied on the written authority of WINNERS' contracts manager.

It is agreed that the portion of this License that deals with the processing
assumes that favorable and acceptable terms have been reached with CyberLink
Monetary System, EST. for participation and use of the Shopping Downtown
Internet Site. It is expected that the Licensee will develop said site in
accordance with any and all agreements between them and the offices of CyberLink
Monetary System. This is considered to be an integral part of this agreement.
Breach of these terms will result in immediate cancellation of this contract and
forfeiture of all deposits and monies paid by the Licensee.

CONDITIONS

1. EXTENT OF LICENSE

1.1 This license is effective upon receipt by the Client of a
machine-readable copy of the Software and permits loading, use, copying
and disclosure of the Software and of information relating to the
Software but only to the extent necessary for effective processing by
the Client of data in accordance with these conditions and by means of
the Software. The Client shall ensure that all copies of and extracts
from the Software and its associated documentation made or disclosed by
the Client carry WINNERS' copyright notice in the form shown on the
original, or such other copyright notices as WINNERS may specify front
time to time, and shall ensure that no such notice is deleted.

1.2 If this License is designated in the Particulars as a Single Professor
or Multiple Processor License, the Client shall restrict loading and
use of the Software to the Licensed Processor(s) designated in the
Particulars.

(illegible)
--------------------
3 Parties Initial Here

--------------------------------------------------------------------------------EX-6.4 · 4th Page of 7 TOC · 1st · Previous · Next · Bottom · Just 4th--------------------------------------------------------------------------------

1.3 If this License is designated in the Particulars as a Site or Multiple
Site License, the Client shall restrict loading and use of the Software
to processors located at the Site(s) specified in the Particulars.

1.4 If this License is designated in the Particulars as a National License
the Client may exercise this License on any number of processors within
the Licensed Domicile.

1.5 It is agreed that all Licenses submitted will require full and sole
approval by WINNERS and the CYBERLINK MONETARY SYSTEM, EST. If a
License is not approved, no fees will be due or payable under this
Agreement regarding the License submitted for approval. It is
understood that all License submissions will have to be approved. The
License will not be unreasonably withheld except for due cause such as
unacceptable background, prior criminal records, active investigations,
poor credit history, poor reputation in the community, false or
misleading information on the application, and other such reasons for
due cause. Winners will not be liable for the refusal to accept any
License application and will consider a priority based upon the full
service vs. partial processing services for pecking order approval. No
such approval shall be required for the renewal of this Agreement.

1.6 The Licensee asserts that they or any related party to the ownership of
said License do not have a criminal record.

2. CONFIDENCE AND CONTROL OF THE SOFTWARE

2.1 The Software, all associated documentation, and all copies are secret
and confidential to WINNERS and shall be retained under the effective
control of the Client during the period of this License. Disclosures
shall be limited to those members of the Client's staff (including
temporary staff) who need access to the Software to enable the Client
to exercise this License and who sign written confidence undertakings
addressed to WINNERS which undertakings the Client shall procure and
enforce for WINNERS' benefit. The Client shall take all measures
necessary to maintain confidence and secrecy in the Software during the
period of this License and after its termination, however such
termination may arise.

3. OWNERSHIP OF SOFTWARE

3.1 Subject to the rights granted to the Client by this License, the Client
acknowledges that all and any proprietary rights in the Software
(including but not limited to copyrights, patents, trade marks and
trade secrets) and in all associated documentation and other material
related to the Software in each case now existing or to be developed by
WINNERS or the Client shall remain the sole property of WINNERS.

4. SUBSTITUTED PROCESSORS

4.1 If any Licensed Processor malfunctions so as to render the Software
unusable on it, the Client may temporarily transfer the Software to
another processor provided it is under the Client's direct control. The
Client shall promptly notify WINNERS of the serial number and location,
and the owner and operator's names, of any substituted processor and of
the expected period of temporary use. The Client shall cease the
temporary use as soon as possible and shall promptly notify WINNERS of
such cessation.

(illegible)
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4 Parties Initial Here

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4.2 In the case of Single Processor and Multiple Processor Licenses the
Client may permanently transfer the Software to another processor or
processors equivalent in number to the number of Licensed Processors
stated in the Particulars but conditionally on the Client's first
seeking WINNERS' consent to the transfer, undertaking to observe such
conditions as WINNERS may attach to its consent for the protection of
WINNERS' interest in the Software, and notifying WINNERS of the serial
number(s) of the substituted processor(s) when the transfer has taken
effect.

5. PROHIBITION OF UNAUTHORIZED AND OF DISTRIBUTED PROCESSING

5.1 Except as permitted under a Site, Multiple Site or National License or
in accordance with Conditions 4 above (substituted processors), no part
of the Software shall be loaded into, transmitted to or used on any
processor connected to or communicating with the Licensed Processor(s)
or any processor other than the Licensed Processor(s).

6. INTEGRITY OF THE SOFTWARE

6.1 The Client shall not enhance or vary any part of the Software nor
procure or permit the whole or any part of the Software (whether in its
original or in any enhanced or varied form) to be incorporated into any
other software or computer system.

7. PERSONAL LICENSE

7.1 This License is personal to the Client and the Client shall not assign
or transfer any interest in it or grant any right under it to any third
party or seek to exercise this License for the benefit or on the data
of any third party.

8. INDEMNITIES

8.1 Subject to 9 below, WINNERS warrants to the Client that the Software as
supplied by WINNERS will not infringe any copyright, patent or other
intellectual property right of any third party. Conditionally upon the
Client's promptly giving notice to WINNERS of any claim of alleged
infringement and allowing WINNERS to have sole control of negotiations
on and any defense of the claim, WINNERS shall in its discretion and at
its own cost either compromise or defend the claim and shall hold the
Client harmless from any resulting final judgment, order or settlement.
WINNERS shall have the right to replace or change the Software so as to
avoid infringement and to require the Client to accept a License to use
such replaced or changed software in substitution for this License,
provided that the software as substituted is substantially suitable for
the Client's use.

8.2 WINNERS' maximum liability to the Client under 8.1 above shall not
exceed the Package License Fee paid by the Client and specified in the
Particulars. If WINNERS becomes aware of a potential claim under 8.1
above WINNERS shall be entitled then or at any time thereafter to
discharge its liabilities (including potential, accruing and accrued
liabilities) to the Client under 8.1 above by requiring the Client to
surrender this License and to cease use of the Software upon WINNERS'
paying to the Client a sum equivalent to the maximum amount of WINNERS'
liability as stated above.

(illegible)
--------------------
5 Parties Initial Here

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9. PROGRAM FAULTS

9.1 WINNERS' liability for program faults in the Software is limited as set
out in the General Conditions. The Client shall give WINNERS adequate
opportunities to correct reported faults before using or continuing use
of known faulty software.

10. TERMINATION

10.1 The Client shall be entitled to return the Software to WINNERS on or
before the system goes live for processing. The Licensee will have the
opportunity to test and approve prior to Acceptance. Once acceptance is
made and the system is live for processing the fee is no longer
Refundable. No License fee or other charges shall be payable by the
Client in respect of the trial and WINNERS shall refund to the Client
any payment already made by the Client to WINNERS of or on account of
the Package License Fee if rejected during the test phase.

10.2 Subject to 10.1 above and 10.3 below, this License shall continue until
the expiry date, if any, specified then until terminated by surrender
on thirty days' prior written notice by or on behalf of the Client to
WINNERS or until the Client disposes of the Licensed Processor(s)
(whichever shall first occur).

10.3 Notwithstanding 10.2 above this License may be terminated at any time
by immediate notice and termination by WINNERS to the Client in any of
the following circumstances:

10.3.1 if the Client shall expressly or impliedly repudiate this
License by refusing or threatening to refuse to observe any of
the conditions to which this License is subject; or

10.3.2 if the Client shall fail to make payment of any amount due to
and invoiced by WINNERS or to observe any of the conditions to
which this License is subject and, after the Client's
attention has been drawn by notice to such failure, shall fail
to remedy the matter to WINNERS' reasonable satisfaction
within thirty days of the giving of such notice. Upon default
all monies due Winners will be accelerated and the full amount
of any amounts due will be accelerated for immediate payment;
or

10.3.3 if the Client shall have a receiver or administrative receiver
or administrator appointed or shall enter into liquidation
whether compulsory or voluntary or if the Client or any member
of the Client partnership shall be unable to pay its debts as
and when they fall due or any judgment or execution or other
process issued in respect of any judgment against the Client
is unsatisfied for fourteen days, or

10.3.4 if the client is in violation of any territorial law and
conducts business in such illegal territory ALL services
provided by this agreement will IMMEDIATELY terminate and The
Client WILL IMMEDIATELY forfeit all amounts paid for License
and or deposited.

10.4 On expiry, surrender or other termination of this License, however such
termination may arise, the Client shall cease to load, store, copy or
use the Software, shall delete the Software from the Licensed
Processor(s) and at WINNERS' option shall either surrender the Software
and all documentation and other related materials to WINNERS or shall
destroy the Software with all documentation and other related materials
and deliver to WINNERS a certificate of comprehensive destruction. The
Client shall continue after termination to observe and

(illegible)
--------------------
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enforce confidence and secrecy in respect of the Software and its
documentation and related materials for the benefit of WINNERS, and
however termination may occur it shall not prejudice any Right of
action or remedy which may have accrued prior to termination.

11. LIMITATION OF LIABILITY AND INDEMNITY

11.1 The Client's attention is drawn to the limitation of liability and
indemnity provisions contained in the attached General Conditions to
which this License is subject.

12. PRODUCT AND SERVICES

A. Full Program

These fees for processing also include the processing costs of the shoppers bank
card in addition to the complete management and accounting service for the
Vendor:

- Processing In: - Money from Players Debit Account to the Licensee's
site and Debit/Credit Card Processing:
Rate: 5.5%
- Withdrawals from the Licensee's site back to the Debit Account for
payment to Vendor or return to Customer Debit Account:
Rate: 2.5%
Additional programs as created by WINNERS and are accepted by the Licensee.

13. FEES FOR PRODUCT AND PROCESSING SERVICES:

License fees:

All Licensees are assessed an initial one-time licensing fee of USD
$10,000. Each year thereafter, Licensee will be assessed an annual fee of
$10,000 for maintenance of the License which will include all upgrades
and/or new versions of their software to meet industry technical and
graphic advances.

(illegible)
--------------------
7 Parties Initial Here

--------------------------------------------------------------------------------

Dates Referenced Herein and Documents Incorporated By Reference
Referenced-On Page
This 10SB12G Filing Date First Last Other Filings
\/
2/11/99 1
Filed On / Filed As Of 1/4/0

[Tatari Gami]

Winners Internet Network, Inc. Announces BOD Resignation and Shareholder Meeting Broadcast on the Internet
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 25, 2001--
http://www.newsalert.com/bin/clipstry?StoryId=Co15eqbKbytiWm...

Stefan Vogt, Chief Executive Officer of Winners Internet Network (OTC:WINR), today announced that Mr. David C. Skinner, Jr. as Chairman and as a member of the Board resigned. Also, Mr. Douglas J. Morgan resigned from the Board. Mr. Ronald Oehri will serve on the Board as interim Chairman during the ongoing transitional period along with DDr. Reinhard Proksch, who is the other remaining director. The Board wishes to express its appreciation to Mr. Skinner and Mr. Morgan for their past services to the Company.
Mr. Stefan Vogt also wants to let the Shareholders know that the Shareholder meeting can be watched via the Internet under http://www.broadcast.li.

About Winners Internet Network

Winners Internet Network ( http://www.winr.net ) is a financial transaction processor and integrator, with processing operations based in Europe. Winners services both vendors and customers in the Internet-based e-commerce space with state-of-the-art secure financial transaction software and technology.

Disclaimer

Information contained in this news release - other than historical information - should be considered as forward-looking, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and as such is subject to various risk factors and uncertainties. For instance, Winners Internet Network, Inc.'s strategies and operations involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries, and numerous other factors. Accordingly, actual results may differ materially from those in such forward-looking statements.

CONTACT: Winners Internet Network Inc., St. Augustine
Stefan Vogt, [phone] Only
Via E-mail Only: [e-mail]

[Tatari Gami]

THE LIST
Global Gaming Link Systems, Inc. ("GGLS")
Global Gaming Link Systems, Ltd.
Michael Otto
John Clayton
J. Larae Long
Daniel W. Jackson, Esq.
Michael Johnson & Co, LLC
Davki Agency
Kimberly Stein
David C. Skinner, Jr.
Charles E. Scott
Sandra K. Varney
Kristine S. Coalson
Mack M. Scoggins
Markus Buchel
Dr. Peter Keppeler
Chad A. Millward
PHI Mutual Ventures, Inc.
PHI Mutual Ventures, LLC
Harley Investments, Inc.
J.V.O. Consulting, Inc.
Dan Starczewski
Investor Resource Svc
Gregory Fox
Jason Fox
Winners Internet Network, Inc. ("WIN") ("WINR")
Intertreuhand Aktiengesellschaft
CyberLink Monetary System
Cyberlink Trust
Earth Products & Technologies Inc.
John W. Peters
Anita Patterson
DDr. Reinhard Proksch
Guidera Communications
R.C. Chapo
Columbia Financial Group
Timothy J. Rieu
Kevin Holmes
Jim Price
David Remer
Global Penny Stocks
George T. Schlieben
Charles Scott
David C. Skinner, Sr
Comstock-Empire International Inc.
The Investment Reporter
John G. Robbins
Foley & Lardner
EPA Continental Holdings
Atlantic Holdings Limited
Access World, Inc.
Consul Dr. HC Werner Walser
Vaudeville Holding, Inc.
Vanguard, N.V.
SupraNet AG
Ronald Oehri
World of Internet.com, AG
Torsten Prochnow
Dennis C. Hass
StockReporter.de
BulletinBoard.de
InvestorRoadshow.com
SmallCapsConsulting.com
OTCEurope.com
StreamingRealtime.com
CallYourBroker.com.
CSK Securities Research
Christina Skousen
Schnigge AG
Douglas J. Morgan
Performance Strategies, Inc.
Glennaire Financial Services, Inc.
R. L. McBride & Associates
Stefan Vogt
James Barber
Vincent van den Brink
Tom Curtis
Capital Communications, Inc.
Cognitive Investco, Inc.
Epicontinental Holding's Limited
Codecraft Corporation, Inc.
Bluegrass Secure Corp.
Trans-Pacific Security Consultants
Orienstar Finance, Ltd.
Ron Sparkman
Petty International Development
Rinaldo Sperandio
Villa Nova Management Co., Inc.
Michael A. Patterson Enterprises, Inc.

[Tatari Gami]

June 18, 2001 Letter to Shareholders:
As copied from Ragingbull. http://ragingbull.lycos.com/mboard/boards.cgi?board=WINR&read=29696
I make no representations as to whether or not this is a real letter from Mr. Vogt or the company. If you are a shareholder, you should receive this letter yourself via WINR's transfer agent or your own broker. Before making any investment decisions based on the contents of this letter, one should confirm the authenticity of the contents by calling the company.

By: SavannahBoy $$$
Reply To: None Tuesday, 26 Jun 2001 at 3:43 PM EDT
Post # of 29741

Here's the letter from Mr. Vogt - thanks to Jake for emailing me the letter..

Winners Internet Network, Inc.

June 18, 2001

Dear Shareholders,

I promised to provide a written report about our efforts to assess the current situation at Winners Internet Network, Inc. ("Company") and prepare a strategic plan. Here it is.

Overall Business

Overall, the business is in a very weak but salvageable position. Sales are down for various reasons but so are costs. Management attention is being diverted from efforts to rebuild the customer base by a number of internal operational, accounting and legal issues that need to be addressed. Management is taking the following approach to correct the situation. One group is focusing on resolving the specific operational, accounting and legal issues described below. The other group is focusing on the go forward strategy. Unfortunately, for the reasons described below, I cannot report financial results at this time.

Strategic Plan

Several strategic decisions have been made. First, if the Company is to have any chance of success going forward, the specific issues described below need to be addressed. Therefore, a significant amount of time will be spent over the next several months dealing with them. Second, over the long-term, we are going to change our client focus and move away from gambling and adult websites to more traditional e-commerce businesses. This will help our financial situation by improving the quality and reliability of our customer base, which will help improve our relationship with the credit card companies. And finally, we will continue to secure additional management expertise.

Specific Issues

Liquidity

The Company has a serious liquidity problem. The Company had difficulty paying bills in May. Without the infusion of additional funds soon, it is possible that the Company will not be able to pay its bills in June.

Efforts are being made to find new investors and we have identified some possibilities. However, we do not yet have firm commitments.

SEC Investigation

In early 2000, the SEC notified the Company that it was conducting an investigation into the relationship between the Company and Stockreporter.de. a public relations firm that issued favorable research reports about the Company after being retained by the Company. On July 31, 2000 the law firm of Foley & Lardner was retained to represent the Company and certain officers in this investigation. Efforts to settle the investigation late last year were unsuccessful. On January 29, 2001 the Company received a Subpoena ordering that it produce a lengthy list of corporate records. The Subpoena was answered in part on March 5, 2001. A meeting with the SEC is scheduled to take place this month.

The SEC investigation is ongoing. We do not know when it will be concluded. It is not clear at this point that the Company has sufficient funds to continue to pay Foley & Lardner. In fact, Foley & Lardner was notified of this situation on June 6 and they no longer represent the Company. The ultimate outcome of this process is highly uncertain.

Financial Statements

Financial Statements for year ending 2000 have not been completed due to the lack of access to accounting data, the absence of accounting data, and discrepancies in records that need to be reconciled. We, along with our accountants and auditors will need to work to find and reconcile the records and complete the accounting as soon as adequate financial resources are secured to allow us to maintain these important relationships.

Until we are confident that we have financial statements that are accurate we cannot release them to you and we cannot file them with the SEC.

VisalMasterCard Contacts

In January 2001 Visa canceled its contract with the Company. Visa indicated that this action was taken due to unsatisfactory relationships with the Company. The effect of this action was to stop our processing capabilities for most of our vendors. Processing volumes fell significantly as a result. We are negotiating with Visa to find a way to sign a new contract(s) and start processing again. Additionally, we are restructuring contracts with vendors to improve our relationship with them.

In addition to Visa canceling their processing contract, both Visa and MasterCard began holding funds due us for up to 180 days due to the high volume of charge backs being created by the customers of our vendors. The effect of this action is to make our liquidity problem worse. We successfully negotiated a long-term solution to this problem with MasterCard in April when a new contract was negotiated and signed. We are trying to negotiate a solution to this problem with Visa. The ultimate solution to this problem is to move our customer base to a more reliable and credit worthy clientele and convince Visa and MasterCard to release funds earlier as a result.

SEC Reporting

No new SEC reports have been prepared. SEC reports will be filed as soon as the issues above are resolved, we make a determination that filing is appropriate, and the appropriate drafting capabilities are secured.

Relisting

No time is being spent on this issue. Management believes it is unreasonable to expect that the Company will get relisted until the issues above are resolved.

Management Team and Board of Directors

The Company is currently discussing board membership with a strong European candidate who would bring a great network of business contacts and potential customers to the Company. Additionally, negotiations are currently taking place to secure a full time Chief Financial Officer. The ultimate success of both efforts is highly dependent on securing sufficient funds to increase the likelihood that the Company can continue to operate.

Annual Meeting

A shareholders meeting will be held on July 28, 2001 in Schaan Liechtenstein at the Burotel Landstrasse 163 beginning at 16:00 CET. The meeting can be attended in person or observed via the Internet. Instructions concerning Internet access will be posted on www.winr.net.

In closing, please accept this report for what it is: an open, objective assessment of the Company's current situation. I plan to provide additional details and updated reports at the shareholders meeting in July.

Sincerely,

Stefan Vo~'
Chief Executive Officer

Ruggell, Liechtenstein

[Tatari Gami]

Winners Internet Network, Inc. Announces Mailing on the Internet
ST. AUGUSTINE, Fla., Jun 26, 2001 (BUSINESS WIRE) -- Stefan Vogt, Chief Executive Officer of Winners Internet Network (OTC: WINR chart, msgs), today announced that the written report on the status of the company will also be available for shareholders on the Internet on Thursday, June 26, 2001 (http://www.winr.net). Mr. Vogt believes that this possibility must be given to the Shareholders due to the fact that all Shareholders can be informed at the same time, all over the world.
About Winners Internet Network

Winners Internet Network (http://www.winr.net) is a financial transaction processor and integrator, with processing operations based in Europe. Winners services both vendors and customers in the Internet-based e-commerce space with state-of-the-art secure financial transaction software and technology.

Disclaimer

Information contained in this news release - other than historical information - should be considered as forward-looking, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and as such is subject to various risk factors and uncertainties. For instance, Winners Internet Network, Inc.'s strategies and operations involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries, and numerous other factors. Accordingly, actual results may differ materially from those in such forward-looking statements.
Contact:

Winners Internet Network Inc., St. Augustine
Stefan Vogt, [phone] Only
[e-mail]

[Tatari Gami]

Winners Internet Network, Inc. Announces Shareholders Meeting
ST. AUGUSTINE, Fla., Jun 15, 2001 (BUSINESS WIRE) -- Stefan Vogt, CEO of Winners Internet Network (OTC: WINR chart, msgs), today announced that a written report on the status of the company will be mailed to shareholders during the week of June 18th, 2001 and that the annual shareholders meeting will be held on July 28th, 2001 in Schaan Liechtenstein, at the Hotel Burotel, Landstrasse 163 beginning at 16:00 CET. The meeting can be attended in person or observed via the Internet.
About Winners Internet Network

Winners Internet Network (http://www.winr.net) is a financial transaction processor and integrator, with processing operations based in Europe. Winners services both vendors and customers in the Internet-based e-commerce space with state-of-the-art secure financial transaction software and technology.

Disclaimer

Information contained in this news release - other than historical information - should be considered as forward-looking, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and as such is subject to various risk factors and uncertainties. For instance, Winners Internet Network, Inc.'s strategies and operations involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries, and numerous other factors. Accordingly, actual results may differ materially from those in such forward-looking statements.
Contact:

Winners Internet Network, Inc.
Stefan Vogt, [phone]
E-mail: [e-mail]

[Tatari Gami]

Winners Internet Network Announces Postponement of Shareholders Meeting
ST. AUGUSTINE, Fla., May 14, 2001 (BUSINESS WIRE) -- Stefan Vogt, CEO of Winners Internet Network, (OTC: WINR chart, msgs), today announced a postponement of the shareholders meeting previously scheduled to take place on May 26th, 2001 in Liechtenstein.
Mr. Vogt indicated that the reason for the postponement is to give the new management team adequate time to accurately assess the company's current condition and to complete the strategic planning process, which he initiated several weeks ago. Mr. Vogt also indicated that he anticipates that the meeting will take place in July and that it will be preceded by a written report that he plans to make available to all shareholders in June.

Additional information concerning the new date and other details about the shareholders meeting that will take place in July will be released as soon as possible.

About Winners Internet Network

Winners Internet Network (www.winr.net) is a financial transaction processor and integrator, with processing operations based in Europe. Winners services both vendors and customers in the Internet-based e-commerce space with state-of-the-art secure financial transaction software and technology.

Disclaimer

Information contained in this news release - other than historical information - should be considered as forward-looking, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and as such is subject to various risk factors and uncertainties. For instance, Winners Internet Network, Inc.'s strategies and operations involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries, and numerous other factors. Accordingly, actual results may differ materially from those in such forward-looking statements.
Contact:

Winners Internet Network, Inc.
Stefan Vogt, [phone]
E-mail: [e-mail]

[Tatari Gami]

http://www.ULTRAEXTREM.COM
http://www.FRITZ-MEIER.COM
http://www.SPORTS-PLUS.NET
http://www.ACCOUNTANT-PLUS.COM
http://www.TAXES-PLUS.COM Winners Internet Network
http://www.CLASSIFIEDS-PLUS.NET
http://www.ART-PLUS.NET
http://www.GAMING-PLUS.COM
http://www.MAILORDER-PLUS.COM
http://www.NEWS-PLUS.NET
http://www.RENTALPROPERTY-PLUS.COM
http://www.JOBS-PLUS.NET
http://www.DASHPLUS.COM
http://www.GIFTS-PLUS.NET
http://www.FORECLOSURE-PLUS.COM
http://www.LOAN-PLUS.COM
http://www.PLUS-PLUS.COM
http://www.WIRELESS-PLUS.ORG
http://www.ESWIPE-PLUS.COM
http://www.WINR-PLUS.NET
http://www.WORLDSECURITYFORUM.COM
http://www.DATE-PLUS.COM
http://www.WINR-PLUS.COM
http://www.CYBERBUSINESS-PLUS.COM
http://www.COMPANY-PLUS.COM
http://www.MEDIA-MUSIC-PLUS.COM
http://www.ATTORNEY-PLUS.COM
http://www.BOOKS-PLUS.COM
http://www.CURRENCY-PLUS.COM
http://www.HOMES-PLUS.NET
http://www.WORLDSECURITYFORUM.NET
http://www.PERSONALS-PLUS.NET
http://www.MEDICAL-PLUS.NET
http://www.ESWIPE-PLUS.NET
http://www.WORLDSECURITYFORUM.ORG
http://www.ESHOP-PLUS.COM
http://www.AUTOS-PLUS.NET
http://www.DASHPLUS.NET
http://www.BARTER-PLUS.CO

[Tatari Gami]

Overcash
http://navigation.helper.realnames.com/framer/1/0/default.as...

: CELEBRATION TEAM, INC.

Type: Corporation File Number: C13879-1996 State: NEVADA Incorporated On: June 25, 1996
Status: Current list of officers on file Corp Type: Regular
Resident Agent: BUDGET CORP (Accepted)
Address: 777 E. WILLIAM
#202
CARSON CITY NV 89701
President: JOE V OVERCASH
Address: 777 E WILLIAM ST STE 202
CARSON CITY NV 89701
Secretary: SMILIANA LAKODA
Address: 777 E WILLIAM ST STE 202
CARSON CITY NV 89701
Treasurer: SMILIANA LAKODA
Address: 777 E WILLIAM ST STE 202
CARSON CITY NV 89701

Address is simply agent for service.

[Tatari Gami]

JVO Consulting
http://www.secretary.state.nc.us/corporations/
Corporation Names
Name Name Type
J.V.O. CONSULTING, INC. Legal NC

Business Corporation Information

SOSID: 0433226
Status: Current-Active Name
Date Formed: 7/25/1997
Citizenship: Domestic
State of Inc.: NC
Duration: Perpetual

Registered Agent
Agent Name: OVERCASH, JOE VANCE
Registered Office
Address: 1020 Brookstown Ave
Ste 14
Winston-salem NC 27101
Registered Mailing
Address: 1020 Brookstown Ave
Ste 14
Winston-salem NC 27101

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

Registered Agent Information

Agent Name OVERCASH, JOE V

Businesses that this Agent Represents ...

Entity Name Type
Status
Formed
LIRON, INC. BUS
Current-Active Name
12/15/1997
STARR CONSULTING, INC. BUS
Current-Active Name
1/6/1998
MASTER HOLDINGS, INC. BUS
Current-Active Name
5/28/1998
JDT CONSULTING INC. BUS
Current-Active Name
10/5/1999

[Tatari Gami]

JVO Consulting, Inc
Address in last post was wrong. SHould be

JVO Consulting, Inc.
1020 Brookstown Ave., #14
Winston-Salem, NC 27101
http://www.secinfo.com/dR9Y7.66.htm

Others at that address:
Investor Resource Svc
1020 Brookstown Ave # 14
Winston Salem NC 27101
336-723-0908
http://www.triadipages.com/s/securitybrokersdealers/investme...