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WHat happened to this stock, business idea? WHERE DID DANIEL MURPHY GO?! ANYONE?!
Does any know whats going on with itet these days??
Any info would be greatly appreciated.
PM
Press Release..... :o)
SOURCE: Interspace Enterprises, Inc.
Planetlotto Jackpot -- $5,200,000 USD -- Bonus Play Jackpot $40,000,000 USD
Next Drawing Friday, January 25th 2002
LA JOLLA, Calif.--(BUSINESS WIRE)--Jan. 21, 2002--Interspace Enterprises, Inc. (OTCBB:ITET - news), announced today that the winning numbers for the Planetlotto Draw held on Friday, January 18, 2002, were - 2 - 22 - 24 - 36 - 39 - 41 in ascending order, with 35 as the Planet Ball. There were no Jackpot winners for the Planetlotto or Bonus play jackpot(s). The minimum guaranteed Planetlotto jackpot is estimated at $5,200,000 USD for the second draw. The Bonus play guaranteed jackpot will remain, as always, at $40,000,000 USD for the second draw. The next draw is scheduled for Friday, January 25, 2002. Last entries for this Draw will be taken at 14.55 Central European Time (CET) January 25, 2002, one hour before the beginning of the Draw sequence. Entries after 14.55 (CET) will be entered for the following Draw.
All lottery draws are observed by Ernst & Young AG -- Ernst & Young Aktiengesellschaft, Vaduz, a member of the International accounting firm Ernst & Young. Planetlotto.com is operated by the International Lottery in Liechtenstein Foundation, which is authorized and controlled by the Liechtenstein Government. All weekly lottery draws are filmed live and available to the public via the Internet through the www.planetlotto.com web site. All servers are located in Liechtenstein and the lottery games are sold through the Internet from these servers. The following prizes are insured by a Lloyds of London broker and paid in annual installments: Planetlotto - 7 number match in any order (part insured, part prize-pool rollover), Bonus Play - 7 number match with Planet Ball match and 6 number match, excluding the Planet Ball selection.
Players who win Prizes will be required to show that they were over the age of 18 years at the time that they entered. Employees, servants, agents and family of ILLF, Planetlotto and all associated companies and representatives, partners and staff of Ernst & Young AG Vaduz and certain partners and staff in other member firms of Ernst & Young International as currently specified by Planetlotto, are ineligible to take part. Planetlotto does not accept deposits from Players connecting through Swiss and U.S. servers. Some restrictions apply. Void where prohibited. Determination of winners is subject to the rules and regulations of the Planetlotto lottery, see web site rules for details.
For more information, please visit the company Web site at http://www.interspaceenterprises.com or call Interspace Enterprises -- Investor Relations at 858/456-3539.
Except for the historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Interspace Enterprises, Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Interspace Enterprises, Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Interspace Enterprises, Inc.
Andrew Patient, 858/456-3539
ir@interspaceenterprises.com
http://www.interspaceenterprises.com
Gone a long time.. GOOD NEWS& Chart
chart first
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
Thursday December 20, 9:01 am Eastern Time
Press Release
SOURCE: Interspace Enterprises, Inc.
Interspace Enterprises, Inc. Unveils Planetlotto.com, the First Progressive Online Lottery
LA JOLLA, Calif.--(BUSINESS WIRE)--Dec. 20, 2001--Interspace Enterprises, Inc. (OTCBB: ITET - news), announced that ticket sales begin today on the www.planetlotto.com Web site. Planetlotto.com features a progressive 7/49 Jackpot as well as a Bonus play jackpot with a $2.00 USD ticket price. Players can also participate in additional games on www.planetlotto.com including Instant and Hourly Jackpots as well as Bingo and Scratchcard games. The inaugural draw is scheduled for Friday, Jan. 18, 2002 and will continue on a weekly basis thereafter.
Daniel P. Murphy, President and CEO said, ``Lotteries are the most profitable form of gaming and the most widely accepted form of gaming in the world today. Their success is largely attributable to the impulse nature of the purchase and the excitement of potentially winning millions of dollars. However, traditional lotteries have been limited due to their geographical boundaries, which limits ticket sale potential when these jackpots reach high amounts, thus potential customers are unable to play. By adding a unique jackpot formula with much faster jackpot accrual to the established Liechtenstein Lottery, www.planetlotto.com will cater to the impulse buyer and offer a more appealing game than traditional lotteries because we enable players to purchase lottery tickets in the comfort of their own home, without the hassle of waiting in line. We confirm your purchase via e-mail, eliminating any distribution inefficiencies, and ensure that you never lose your ticket.'
Murphy went on to add, ``PlanetLotto.com is poised to reshape this emerging industry and change the way lotteries are played throughout the world. We will continue to aggressively position the Company to capture market share and anticipate revenue and profitability in 2002.'
Interspace Enterprises, Inc., which was founded in 1998, created PlanetLotto.com, to erase the geographic boundaries that currently fragment the world lottery market, which generated $130 Billion in sales in 2000. By visiting the www.planetLotto.com Web site and purchasing a lottery ticket, people from around the globe have the opportunity to participate in an online lottery with the chance to win millions of dollars.
For more information, visit the company Web site at http://www.interspaceenterprises.com or call Interspace Enterprises -- Investor Relations at 858/456-3539.
Except for the historical matters contained herein, the matters discussed in this news release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Interspace Enterprises, Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Interspace Enterprises, Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Interspace Enterprises, Inc.
Andrew Patient, 858/456-3539
Fax: 858/454-2679
ir@interspaceenterprises.com
http://www.interspaceenterprises.com
Sure not a lot of activity here.
ITET jumped over 125% yesterday 12-20-01. Pulling back today due to profit taking.
Anybody still following ITET? Seems to be some interest at these prices?
Press Release
Interspace Enterprises Announces Letter of Intent to Acquire Randombet.com
Interspace Will Acquire New Gaming Portal Randombet.com, the First Ever Internet Gaming Experience to Generate Random Bets for Players
LA JOLLA, Calif.--(BUSINESS WIRE)--July 31, 2001-- Interspace Enterprises Inc. (OTCBB:ITET - news), owner and operator of PlanetLotto.com, announced today that it has signed a letter of intent to acquire Randombet.com, the U.K.-based gaming portal that provides a revolutionary randomizing element to the online betting experience.
The announcement was made today by Daniel P. Murphy, founder and CEO of Interspace Enterprises.
Under the letter of intent, the terms and conditions of the agreement will be determined at a later date and is subject to confirmation of shareholder approval and approval by regulatory authorities, including the takeover panel of the U.K.
Murphy commented, ``After weeks of negotiations, we have agreed in principle to acquire randombet.com and we are very excited. This will enable Interspace Enterprises and PlanetLotto to have a strong presence in the U.K. With randombet's partnership with Msn.uk and Kevin Keegan as their non-executive director and spokesperson, we view this as a strategic opportunity for both PlanetLotto and randombet.com. randombet.com is a new and exciting gaming company that stands out because of its unique business model, which enables even the novice gaming enthusiast the chance to participate by incorporating random elements, much like a lottery, all of which, will broaden randombet.com's exposure and appeal.''
In May 2001, randombet.com signed an exclusive partnership with Msn.co.uk, the U.K. arm of Microsoft's Web portal. The company will be featured on MSN's Sports Channel, where the 11 million unique users who visit MSN.co.uk each month will be able to make bets on a wide range of sporting, financial and entertainment events.
About Interspace Enterprises Inc.
Interspace Enterprises Inc., which was founded in 1998, created PlanetLotto.com, to erase the geographic boundaries that currently fragment the world lottery market, which generated $130 billion in sales in 2000. By visiting the PlanetLotto.com site (http://www.planetlotto.com) and purchasing a lottery ticket, people from around the globe have the opportunity to participate in a worldwide Internet lottery with the chance to win millions of dollars. PlanetLotto.com's inaugural draw is scheduled for fall, 2001.
About randombet.com
Launched in February 2001, randombet.com has been constructed using the latest Microsoft® technology(2) which not only allows high-speed access -- enabling hundreds of thousands of players to place bets at the same time -- but also provides a revolutionary randomizing element to the online betting experience. All players have to do to place a bet is open an account on site and submit their card details with a minimum deposit of (pound)10. They will then be free to try their luck on the event of their choice by betting any sum between (pound)1 and (pound)1,000. randombet.com recently signed up Kevin Keegan as a non-executive director. Keegan is one of the most famous professional athletes in U.K. history.
Except for the historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Interspace Enterprises, Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Interspace Enterprises, Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the Securities and Exchange Commission.
For more information, please visit the company Web site at http://www.interspaceenterprises.com or call Interspace Enterprises Investor Relations (Matt Robinson) at 858/456-3539. For more information about randombet.com, please visit their Web site at http://www.randombet.com.
--------------------------------------------------------------------------------
Contact:
Interspace Enterprises Inc., La Jolla
Matt Robinson, 858/456-3539
Fax: 858/454-2679
mrobinson@interspaceenterprises.com
http://www.interspaceenterprises.com
ITET CEO INTERVIEW..
Daniel Murphy, CEO mentions the opening of Planet Lotto.com in Western Europe, Asia and Australia in his recent interview:
ITET CEO Interview -
http://www.equitybroadcast.com
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Stcgg, we currently have ITET on our Stockwatch. Feel free to stop by with any dd on it or your other picks. Congrats on the new board!
http://www.investorshub.com/boards/board.asp?board_id=307
Arch
ITET DD >> Interspace Enterpise, Inc..
InterSpace Enterprises Corp Home Page -
http://www.interspaceenterprises.com/company_f.html
Global Planetlotto.com Website -
(1st drawing possibly by July 15th $20,000,000 Jackpot)
http://www.planetlotto.com/
ITET CFO Interview -
http://biz.yahoo.com/prnews/010411/law051.html
Nevada Lawmakers OK Internet Betting -
http://www.msnbc.com/news/578499.asp?cp1=1
ITET Online Payment Processing Solution for Lotto -
http://biz.yahoo.com/prnews/010328/law057.html
Quixotic Solutions Provide Enabling Tech for Online Gaming -
http://www.quixotic-solutions.com/
Street-Dice.com Internet Gaming Stock Index -
http://www.street-dice.com/
More Company News & Quotes -
http://finance.yahoo.com/q?s=itet.ob&d=v1
Study Chart -
http://stockcharts.com/def/servlet/SC.web?c=ITET,uu[w,a]djcayimy[d20010201,20010605][pf][vc60][iut!L...
CNBC View of Last 10 Trades -
http://www.cnbc.com/stock/last10.html?sym=ITET
SEC Filings -
http://www.freeedgar.com/search/FilingsResults.asp?SourcePage=CompanyList&CIK=1098331&UseFra...
** Quick Stock Info **
- First 12 months the company estimates $300,000,000 in ticket sales. They have a 20% profit/operating margin which will bring $60,000,000 first-yr revenues.
- Float Aprrox. 8,500,000 Shares
- 52wk High 5.25 Feb 2001 and 525wk Low .045 May 2001
- Recent pick of http://www.allstocks.com/copia/
- Marketing roll out plan will include internet advertising, billboards, national publicist to draw in local and national television and agreements with the largest gaming operators around the world.
- Accountants and Advisors including Lloyds of London
** Sites ITET & Planet Lotto Mentioned On **
http://www.casinomagazine.com/managearticle.asp?c=510&a=125
http://www.bbgsearch.com/jobs.html
http://www.investor-trading.com/profiles/ITET.htm
** Planet Lotto Info **
PlanetLotto’s goal is to secure a significant portion of the world lottery market. As it stands today, the global lottery market is severely fragmented, due to the physical limitations that accompany the traditional lottery system. While the Internet has started to lift these physical limitations, no one has stepped in to take full advantage of what the Internet can offer the lottery industry until now. PlanetLotto has developed the technology to build the first online international lottery, without the limitations of traditional brick-and-mortar outlets, that are limited to ticket sales within a certain state or region.
** Planet Lotto Show - Coming Soon **
PlanetLotto is in the process of developing the PlanetLotto Show, a weekly, half-hour game show that will help promoted the PlanetLotto brand, and, of course, give you more chances to win money. The PlanetLotto Show will be initially produced in eight languages: English, Spanish, German, Japanese, French, Portuguese, Italian and Chinese.
** Interspace Technologies **
InterSpace Enterprises has made a commitment to develop its highly promising individual concepts into highly successful and focused Internet businesses. The InterSpace Enterprises’ executive team believes in its current products and future endeavors, but realizes that success will not come overnight. In order to forge forward and become an Internet superpower, InterSpace Enterprises recognizes the need to achieve a rapid speed of execution by tapping the services, support and knowledge of individuals and organizations that have extensive experience and exhaustive resources in the Internet start-up realm. InterSpace Enterprises possesses an impressive combination of a small, malleable company with the strength and financial wisdom of a corporate powerhouse.
The efficiency and financial backing of InterSpace Enterprises will initiate a trickle-down effect, by passing its knowledge and prosperity on to its individual operating companies. InterSpace Enterprises will become an influx of collaborative companies, using the Internet to develop emerging market needs.
InterSpace Enterprises will open up an enormous portal, from which a network of smaller companies will integrate and thrive.
** Contact Information **
U.S. Corp. Headquarters - home@interspaceenterprises.com
Investor Relations - ir@interspaceenterprises.com
Current offerings - ppm@Interspaceenterprises.com
Public Relations - pr@interspaceenterprises.com
Matt Robinson, Vice President, Investor Relations of Interspace Enterprises, Inc.
Tel: 858-456-3539 Fax: 858-454-2679,
mrobinson@interspaceenterprises
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