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In CBP. Uranium exploration is a crowded feel but CBP seems to have good potential.
Peter Brown is the head of Canaccord Capital
PGGG looking good for this week.
I like SVNP. LMK your thoughts.
Gambling on a cellphone taking off
Mobile gaming has become an increasingly hot area of cellular phone revenue, climbing to US$200 million in 2004. Additionally, mobile gambling is increasing its stake in the USA at a rapid rate, according to Mintel International's recent report on cellular phones. Mobile gaming refers to video games played on cellular phones. Mobile gambling describes cellular phone activities that are similar to online gambling.
A popular activity in Europe and the Asia-Pacific region, mobile gambling is projected to generate US$3 billion in revenue in the U.S. in 2009. Still, mobile gambling will account for only 1.5% of mobile industry revenues, according to Mintel's forecast. The U.S. casino gambling market generated revenues of US$48.3 billion in 2004. This market is predicted by Mintel to reach US$70.6 billion in 2009. Mobile gambling forecast revenues for 2009 equate to more than 4% of this predicted casino gambling revenue.
"This is really an untapped profit center for companies that produce gaming content, as well as wireless carriers," said Erik Thoresen, research analyst for Mintel. "Cell phones are rapidly growing in their functional capabilities. This industry stands to receive a major boost when it is partnered with cell phone technology."
The cell phone industry has experienced a significant boom within the last five years, reaching US$113 billion last year in service subscriptions and handset sales alone. Internationally, the number of cell phone users will surpass 2 billion this year.
"Mobile gambling is driven by the same sort of innovation that is growing ringtone downloads and mobile movie previews," said Thoresen. "Cell phone technology is able to integrate within the context of our culture, due to increasingly more sophisticated technology. Many Americans are turning to their mobile phones for entertainment
Gambling on a cellphone taking off
Mobile gaming has become an increasingly hot area of cellular phone revenue, climbing to US$200 million in 2004. Additionally, mobile gambling is increasing its stake in the USA at a rapid rate, according to Mintel International's recent report on cellular phones. Mobile gaming refers to video games played on cellular phones. Mobile gambling describes cellular phone activities that are similar to online gambling.
A popular activity in Europe and the Asia-Pacific region, mobile gambling is projected to generate US$3 billion in revenue in the U.S. in 2009. Still, mobile gambling will account for only 1.5% of mobile industry revenues, according to Mintel's forecast. The U.S. casino gambling market generated revenues of US$48.3 billion in 2004. This market is predicted by Mintel to reach US$70.6 billion in 2009. Mobile gambling forecast revenues for 2009 equate to more than 4% of this predicted casino gambling revenue.
"This is really an untapped profit center for companies that produce gaming content, as well as wireless carriers," said Erik Thoresen, research analyst for Mintel. "Cell phones are rapidly growing in their functional capabilities. This industry stands to receive a major boost when it is partnered with cell phone technology."
The cell phone industry has experienced a significant boom within the last five years, reaching US$113 billion last year in service subscriptions and handset sales alone. Internationally, the number of cell phone users will surpass 2 billion this year.
"Mobile gambling is driven by the same sort of innovation that is growing ringtone downloads and mobile movie previews," said Thoresen. "Cell phone technology is able to integrate within the context of our culture, due to increasingly more sophisticated technology. Many Americans are turning to their mobile phones for entertainment
Pressure building on this one. Will be a slow upward clinb. :)
Gambling on a cellphone taking off
Mobile gaming has become an increasingly hot area of cellular phone revenue, climbing to US$200 million in 2004. Additionally, mobile gambling is increasing its stake in the USA at a rapid rate, according to Mintel International's recent report on cellular phones. Mobile gaming refers to video games played on cellular phones. Mobile gambling describes cellular phone activities that are similar to online gambling.
A popular activity in Europe and the Asia-Pacific region, mobile gambling is projected to generate US$3 billion in revenue in the U.S. in 2009. Still, mobile gambling will account for only 1.5% of mobile industry revenues, according to Mintel's forecast. The U.S. casino gambling market generated revenues of US$48.3 billion in 2004. This market is predicted by Mintel to reach US$70.6 billion in 2009. Mobile gambling forecast revenues for 2009 equate to more than 4% of this predicted casino gambling revenue.
"This is really an untapped profit center for companies that produce gaming content, as well as wireless carriers," said Erik Thoresen, research analyst for Mintel. "Cell phones are rapidly growing in their functional capabilities. This industry stands to receive a major boost when it is partnered with cell phone technology."
The cell phone industry has experienced a significant boom within the last five years, reaching US$113 billion last year in service subscriptions and handset sales alone. Internationally, the number of cell phone users will surpass 2 billion this year.
"Mobile gambling is driven by the same sort of innovation that is growing ringtone downloads and mobile movie previews," said Thoresen. "Cell phone technology is able to integrate within the context of our culture, due to increasingly more sophisticated technology. Many Americans are turning to their mobile phones for entertainment
International Power Group, Ltd. Files Form 10SB Registration with the SEC
2005-07-19 18:56 ET - News Release
WANTAGE, N.J. -- (Business Wire) -- July 19, 2005
International Power Group, Ltd. (Pink Sheets: IPWG -
News) announced that it has filed its Form 10SB registration with the
Securities and Exchange Commission. In addition, the Company announced
that the Independent Certified Public Accountant has completed a full
audit of the company's financials.
International Power Group intends to respond to any and all
comments from the SEC in timely manner in order to become a fully
reporting Company. The Company's management feels that the filing will
provide the investing public with current information with regards to
the Company's business activities and performance.
About International Power Group, Ltd: (IPWG):
The Company is dedicated to promoting cooperation among energy
producing industries and nations through the advancement of
environmentally friendly practices. Through its international
contacts, the Company is uniquely positioned to address the various
waste management needs of developing industrial nations as well as the
waste disposal needs of industrial nations in Asia and the Pacific
Rim.
Safe Harbor Act Disclaimer: This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and as such,
may involve risks and uncertainties. The Company's actual results,
performance, and achievements may differ materially from the results,
performance, and achievements expressed or implied in such
forward-looking statements.
LOL....omg...more wisdom plz
Buy this little gem. If you liked ASPZ, BNXR, and ASPZ u r going to like CFRI.
Many good things in the mill. Stock should trade in a slow regular move up over the next 60 days.
Up or down?
Online Poker – Driving Gambling To New Heights
Description: Detailed industry report includes results of a survey conducted among industry experts featuring gambling’s hottest topic.
Gambling reinvents itself constantly, and online poker is the product that seems to be the current guarantor of future growth. Online poker is the perfect symbiosis of two mega trends in gambling: online gambling and poker. What began as triumphant advance in the US is now leading to a global poker wave on the Internet with tremendous potential.
- The amount gambled on poker websites around the world is estimated to be more than USD 60 billion for 2005.
- More than 60% of the industry experts surveyed believe that online poker will be the dominant offer in online gambling in 2-3 years.
- 75% of the industry experts surveyed believe that the global annual rake/commission in the 2-3 years will be more than USD 4 billion.
An important reason for the rapid growth of online poker is the increasing number of successful TV shows featuring poker. There are many examples of successful poker TV coverage, among them the World Series of Poker on ESPN, Celebrity Poker on Bravo, and the European Poker Tour on Eurosport.
Online poker has also gone up in the estimation of the global business and financial community. Betting heavyweight Sportingbet just recently bought poker site Paradise Poker for about USD 300 million -not a bad price for a site launched in 1999, but more than 53% of the experts surveyed believe this price to be appropriate.
But this study also points out that the online poker market will become a tougher market in the future. With decreasing revenues per active player and growing competition, the poker operators have to find successful strategies for the future. The industry insiders surveyed recommend as the most important strategies for the future the creation of poker networks, the entry into the market by more betting brands such as Ladbrokes, and the consolidation of poker sites.
When it comes to geographical expansion, Europe seems to be the place to go; 52% of the experts believe that Europe offers the greatest future potential for online poker. Market leader PartyPoker, for example, is planning to launch its presence on television throughout Europe very soon and already operates its site in one other language besides English –German.
Online Poker – Driving Gambling To New Heights
Description: Detailed industry report includes results of a survey conducted among industry experts featuring gambling’s hottest topic.
Gambling reinvents itself constantly, and online poker is the product that seems to be the current guarantor of future growth. Online poker is the perfect symbiosis of two mega trends in gambling: online gambling and poker. What began as triumphant advance in the US is now leading to a global poker wave on the Internet with tremendous potential.
- The amount gambled on poker websites around the world is estimated to be more than USD 60 billion for 2005.
- More than 60% of the industry experts surveyed believe that online poker will be the dominant offer in online gambling in 2-3 years.
- 75% of the industry experts surveyed believe that the global annual rake/commission in the 2-3 years will be more than USD 4 billion.
An important reason for the rapid growth of online poker is the increasing number of successful TV shows featuring poker. There are many examples of successful poker TV coverage, among them the World Series of Poker on ESPN, Celebrity Poker on Bravo, and the European Poker Tour on Eurosport.
Online poker has also gone up in the estimation of the global business and financial community. Betting heavyweight Sportingbet just recently bought poker site Paradise Poker for about USD 300 million -not a bad price for a site launched in 1999, but more than 53% of the experts surveyed believe this price to be appropriate.
But this study also points out that the online poker market will become a tougher market in the future. With decreasing revenues per active player and growing competition, the poker operators have to find successful strategies for the future. The industry insiders surveyed recommend as the most important strategies for the future the creation of poker networks, the entry into the market by more betting brands such as Ladbrokes, and the consolidation of poker sites.
When it comes to geographical expansion, Europe seems to be the place to go; 52% of the experts believe that Europe offers the greatest future potential for online poker. Market leader PartyPoker, for example, is planning to launch its presence on television throughout Europe very soon and already operates its site in one other language besides English –German.
Replacing Oil With Uranium
Printer friendly version
Truckers, farmers, parcel services, chemical manufacturers, airlines, bus companies, and railroads all need uranium to begin replacing oil. No, they do not yet need their own reactors, but they would all benefit substantially if more nuclear power plants were built to allow more uranium to be used instead of oil and gas wherever possible.
The have been a number of recent headlines in newspapers like the Louisville Kentucky Courier-Journal and the Jacksonville Texas Daily Progress that describe the effects of recent increases in gasoline and diesel prices on companies that provide a number of important services in today's economy. While news outlets in urban markets like New York and Washington minimize the importance of rising prices by telling people to leave their SUVs at home while their ride public transportation, the people in smaller towns recognize each week that fuel prices are affecting their lives and livelihoods. In suburban and rural America, pickup trucks, minivans and SUVs are more a necessity than a lifestyle option.
I have lost count of the number of times I have read or heard an urbanite journalist say something to the effect of "Gas prices may be high, but in real dollars they are still a lot lower than they were in 1981" or "Americans are complaining about high gas prices, but they should see the prices I saw in Europe on my last visit there! Americans are spoiled; Europeans pay 4 or 5 dollars per gallon."
These comments do not resonate with people that know that they are spending real dollars every time they visit the pump. They do not resonate with people that can tell you within fifty cents how much they spend on gas every week because it is one of the larger items on their budget and one that they feel the least control over. They also do not resonate with hard working people like farmers, truck drivers, and airline comptrollers who know that increasing fuel prices make everything they do more expensive. Many of these people cannot afford to visit international destinations to make them feel lucky to be paying less for gas at retail outlets than do people in other countries.
Here are some numbers that illustrate the problem. UPS spent $50,000 per jet for a fill-up last year - now they spend $70,000. Larry Harmon of Dallas, Texas spent $45.00 per fill up last year - now he is spending $60.00. Pisciotta Farms (a small family farm) of Pueblo County, Colorado burns 400 gallons of diesel fuel every day, so their daily cost has increased by $150 per day. Overall, the US trucking business estimates that it will spend $15 BILLION dollars more on diesel fuel this year than it did last year.
Nuclear power can help. The world's oil market is like a giant bucket with a large number of various size drains at different levels in the bucket. The connection levels represent different price levels where that demand is either reduced or eliminated. Coming into the bucket are a number of sources of supply, also in various sizes and at various price levels. If some of the consumption flows are closed off, the supply for all the rest of the demands increases. In the past, it has been relatively easy to increase the inflows in order to cause the same effect, but the world has been waiting for several years for oil suppliers to work that magic. It is time to stop waiting.
Here some examples of markets where nuclear power can almost immediately begin to replace oil, reducing overall demand.
Italian electric power - Italy currently has several reactors that were shut down in reaction to the Chernobyl accident. Apparently, at least one or two of them can be restarted within a year or two. Right now, 70% of Italy's electrical power is produced by burning oil or gas and their rates are 30-40% higher than their neighbors.
Commercial ships - The American shipbuilding industry is desperately trying to figure out how to survive on a US Navy ship ordering rate of 4-6 ships per year. The US Navy is trying to figure out how to help improve the efficiency of American shipbuilding so that each ship costs less money. American shipbuilders know how to build nuclear power plants and there are probably some long lead time items for those plants in storage since the Navy's ordering rate has dropped more quickly than planned several years ago. Seems like there might be a win-win situation available there.
Distributed electrical power - In many areas of the world, diesel generators are the main source of power. Small nuclear power plants can be built relatively rapidly - in the early 1960s with hand drafted drawings and slide rules for computations - a 1.8 MWe nuclear power plant was designed, tested and installed in Antarctica in less than 2 years.
There is an historical precedent that demonstrates the effect that using uranium instead of oil and gas can have on oil prices. In the period from 1970-1985, the world's production of oil remained relatively constant even as energy demand was steadily growing. By 1986, the price of oil had dropped to near $10 per barrel from its highs in the early 1980s of more than $40 per barrel. Without massive increases in uranium use in the United States, Europe, Japan, and on naval vessels at sea, this oil price behavior would have violated all known laws of economics.
History must almost repeat itself. Now, however, we have lessons to be learned from the first nuclear age. We can avoid the boom and bust cycle this time around.
PGDP -- Paramount Gold Mining Corp.
Com (1 Cent)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Former Hecla Mining Chief Geologist, Mexico Joins Paramount Gold
CHIHUAHUA, Mexico, Sep 16, 2005 (BUSINESS WIRE) -- Paramount Gold Mining Corp. (OTC:PGDP) today announces that Charles W. Reed has been elected to the Board of Directors and appointed Manager of Exploration, Mexico.
Charles W. (Bill) Reed has significant mining experience in Mexico, as he was formerly Chief Geologist - Mexico for Minera Hecla S. A. de C. V., a subsidiary of Hecla Mining (NYSE:HL) from 1998 to 2004, and Regional Geologist, Mexico and Central America for Echo Bay Exploration from 1993 to 1998. While at Hecla, Mr. Reed supervised detailed exploration at the Noche Buena project, Sonora, and the San Sebastian silver and gold mine, Durango. He also discovered and drilled the Don Sergio vein that was later put into production. While at Echo Bay, Mr. Reed identified the potential of the Dolores mining district, Chihuahua, Mexico and recommended acquisitions that resulted in the discovery of more than 44 million ounces of silver and 2.5 million ounces of gold.
Mr. Reed has a Bachelor of Science Degree, Mineralogy, University of Utah and is a Registered Professional Geologist in the State of Utah. He also completed an Intensive Spanish Program at Institute De Lengua Espanola, San Jose, Costa Rica (1969).
"With our recent acquisition of the San Miguel Groupings in Chihuahua, which includes several concessions and past producing mines, including the high grade former producing San Luis mine, we required an experienced mining executive to lead our efforts in Mexico. We cannot think of a more qualified person than Bill Reed to manage our aggressive work program on San Miguel, as well as to evaluate other promising acquisition opportunities in the area." said Chris Crupi, President and CFO.
"I am very excited to be part of a dynamic team with such a talented group of seasoned mining people. Paramount's commitment to acquire advanced-stage projects that can be put into production in the near future was a key attraction for me in agreeing to come on board," said Bill Reed.
Paramount Gold Mining Corp. is a precious metals exploration and development company. It is management's objective to grow Paramount into a significant gold and precious metals producer by developing the San Miguel project in Mexico, and by acquiring other advanced-stage projects and/or producing mines in the most prolific precious metal districts in the world.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Paramount Gold Mining Corp.
CONTACT: Paramount Gold Mining Corp.
Chris Crupi, CA
ccrupi@paramountgold.com
www.paramountgold.com
OR
Investor Relations:
Skyline Communications, 613-226-9881
toll-free: 1-866-481-2233
www.skylinecommunicationsinc.com
Copyright Business Wire 2005
-0-
KEYWORD: United States
Mexico
North America
Central America
Florida
INDUSTRY KEYWORD: Natural Resources
Mining/Minerals
SUBJECT CODE: Personnel
BTSI - One to watch.............
Big month for the company. R/S...ect....watch for a big gain.
Clean board here boys and girls :)
777 Sports Entertainment Corp.
Corporate profile
A Nevada company, 777 Sports Entertainment Corp. (OTC Pink Sheets: SVNP) has acquired a 49% interest, with an agreement to own up to 60%, in the United Kingdom company, 777 Sports Entertainment Limited. UK-based 777 Sports Entertainment Limited, holds a license to operate an Internet casino and sports book using the Chimera 2 suite of products, platforms and applications. The company operates i-gaming services as www.777betz.com with all day-to-day operations provided through
E-Network de Costa Rica S.A. Company President and CEO, James Cheung has ten years experience in on-line gaming and Internet marketing, as well as extensive marketing contacts, including North America’s largest Asian community.
Business Overview
777 Sports Entertainment Corp.’s business strategy is to invest in the exciting and exploding Internet-gaming industry through being the largest single investor in the UK company, 777 Sports Entertainment Limited. After 777 Sports acquired the interest in 777 Sports Entertainment Limited in January 2005, branding and customization of the products and applications were completed in July 2005, and the one-stop shop for discriminating players was launched. The full suite of casino games, international sports book wagering, thoroughbred horse betting, the highly popular Texas Hold-em Poker, and the ability for mobile access to all products, will be completed by October 2005. Tournament play will be commenced as soon as practical and the platform will offer a range of card games which are popular with North American, European and Asian players.
www.777betz.com handled in excess of US $1.75 million in July 2005, which was not a full operating month, with Member sign-ups in August being twice the business plan expectations. Revenues generated by operations are earned by the company on a play for fees basis and therefore are taken into profits immediately. Business plan projections call for cash flow to be positive within a 6-month period.
Mobile Play
In September 2005, 777 will launch a mobile gaming platform to provide access to all gaming platforms on a play for fun, or real play modes, through cell phones and other mobile devices such as PDA’s. Players will access the various platforms to be played through www.777betz.com. As with players who access the website on a PC, the mobile platform will provide access to all gaming options, including the multi-table/tournament poker platform with the highly popular Texas Hold-em, as well as Chinese Poker, Big 2 and Pan, which appeal to the Company’s Asian members.
Poker Prospects
Poker websites make money by taking a ‘rake’ from each pot, usually 1%-3% of the pot. The research group River City, calculates that such revenues from the world’s 200-plus poker websites now approach $2 billion a year, as of 2005 and will continue to show significant increases. The research group believes that some 1.5 million people play poker online regularly for real money and that the number is growing by 100,000 a month. UK-based Party Poker claims that 65,000 people, mainly Americans, play simultaneously on its site at peak hours. Party Poker is estimated to have made US$350 million in profit in 2004, with prospects of making US$500-600 million in 2005.
777 Features
The world-class sportsbook-wagering platform allows members to wager on all major sporting events worldwide. Players are able to place bets in confidence; and the software provides a comprehensive and easily utilized reporting platform for players to track their wagers and/or to view completed transactions.
The online casino games are delivered to the players in a Java format, with a Flash application to be implemented soon offering additional games by year-end. The programs have been developed with ease-of-use in mind, with realistic graphics and no download required. The suite of games presently available include: Baccarat, Blackjack, Caribbean Poker, American Roulette, Craps, Super Slots, Outer Space Slots, Crazy Reel Slots, Wanted Slots, and of course, the all-time favorite, Jacks or Better.
The horseracing platform provides access to major North America horse tracks and will be upgraded by year-end to include tracks from Europe and Asia. The platform features a user-friendly interface with live lines that include the track name, race-odds, betting limits, bet types, the purse, horse name, and the name of the jockey. The payout is based on track prices and automatic updates of real-time odds, scratches and pool information is provided. The online capability enables members to make wagers up to post time.
777 Operations
The licensing agreement with Nevada-based i-gaming software and e-commerce services company, Chimera Technology Corp., provides 777 with a complete turnkey operation. Chimera is an international developer, licensor, and provider of online gaming products and has developed a state-of-the-art "BIRDS EYE" System, which incorporates a complete back-office management system operating all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform.
As members register at www.777betz.com, a payment processing application is completed, which allows for deposits to be made to an account for player use in all platforms. Deposits may be made electronically and by other methods such as wire transfers. This transaction processing system is provided through 724 PAY, a business partner, and the system facilitates payouts of winnings to members again either electronically or by other chosen methods.
777 Marketing Strategy
The Company is presently marketing operations through affiliates and existing business connections to target prospective sports enthusiasts or groups. www.777betz.com provides some important conditions of use translated into Mandarin Chinese. Players are offered bonus prizes and incentives for continued play and referrals, as repeat business is the hallmark of success in i-gaming. The Company believes that in addition to being a one-stop gaming destination site, exciting gaming options, integrity of odds offered, seamless back-office support, ease-of-use, and instant pay service will all build customer loyalty.
Industry Outlook
777 Sports Entertainment enters the i-gaming world at a time when investors appear to have a healthy appetite for on-line casinos. A United Kingdom IPO for www.partypoker.com successfully completed in July 2005, gave that company a market value of US$ 1 billion on its first day of trading. London’s Daily Post reported on August 25, 2005 that www.888.com, the world’s most-visited Internet casino, is planning an early September flotation at a Financial Times-predicted value of US$ 1.4 billion.
Revenues for Internet gambling sites have exploded in the 10 years since the first on-line casino was launched in 1995. Christiansen/Cummings Associates estimates that on-line gambling revenues more than doubled to US$651 million from 1997 to 1998. Frost and Sullivan attribute US$919.1 million in revenues for 1998. Bear, Stearns & Co. Inc. reports US$1.2 billion in revenues from an estimated 650 i-gambling sites in 1999. In 2000 revenues reached US$3 billion. By 2003, revenues from on-line gambling doubled to US$6 billion. Merrill Lynch predicts that this number will be US$50 billion by 2010 and US$177 billion by 2015
A study conducted across the UK by Uswitch.com Communications reported that four million people in the UK gamble on-line each month and that since 2003, the amount of money staked on-line has soared by 566%. There is significant interest from Asian markets.
777 Competitive Advantages
Market knowledge
Product updates
Multicultural connections
One-Stop Shop
Ease-of-Play
Mobile Play
Repeat play
Instant Pay
Industry Highlights
i-gaming IPOs are hot in 2005
Multi-billion dollar worldwide revenues
Accelerated growth forecast
Click Casinos vs Brick Casinos
Lower capital costs to set up and operate More costly to build and operate
Frequent repeat visits Higher turnover of customers
Anonymity feature attracts wider client-base
Share Structure
The authorized capital of the company is 100,000,000 common shares with 13,346,796 being issued and outstanding as of August 31, 2005. Of these shares issued, 12,060,637 shares are restricted under Rule 144.
Corporate Information
For more information on 777 Sports Entertainment Corp., please contact the Company at info@777betz.com or contact Investor Relations @ Tiger Capital, at 1.866.259.0125.
777 Sports Entertainment Corp. is a publicly traded company whose shares trade on the OTC Pink Sheets in the United States under the trading symbol: SVNP.
777 Sports Entertainment Corp.
Corporate profile
A Nevada company, 777 Sports Entertainment Corp. (OTC Pink Sheets: SVNP) has acquired a 49% interest, with an agreement to own up to 60%, in the United Kingdom company, 777 Sports Entertainment Limited. UK-based 777 Sports Entertainment Limited, holds a license to operate an Internet casino and sports book using the Chimera 2 suite of products, platforms and applications. The company operates i-gaming services as www.777betz.com with all day-to-day operations provided through
E-Network de Costa Rica S.A. Company President and CEO, James Cheung has ten years experience in on-line gaming and Internet marketing, as well as extensive marketing contacts, including North America’s largest Asian community.
Business Overview
777 Sports Entertainment Corp.’s business strategy is to invest in the exciting and exploding Internet-gaming industry through being the largest single investor in the UK company, 777 Sports Entertainment Limited. After 777 Sports acquired the interest in 777 Sports Entertainment Limited in January 2005, branding and customization of the products and applications were completed in July 2005, and the one-stop shop for discriminating players was launched. The full suite of casino games, international sports book wagering, thoroughbred horse betting, the highly popular Texas Hold-em Poker, and the ability for mobile access to all products, will be completed by October 2005. Tournament play will be commenced as soon as practical and the platform will offer a range of card games which are popular with North American, European and Asian players.
www.777betz.com handled in excess of US $1.75 million in July 2005, which was not a full operating month, with Member sign-ups in August being twice the business plan expectations. Revenues generated by operations are earned by the company on a play for fees basis and therefore are taken into profits immediately. Business plan projections call for cash flow to be positive within a 6-month period.
Mobile Play
In September 2005, 777 will launch a mobile gaming platform to provide access to all gaming platforms on a play for fun, or real play modes, through cell phones and other mobile devices such as PDA’s. Players will access the various platforms to be played through www.777betz.com. As with players who access the website on a PC, the mobile platform will provide access to all gaming options, including the multi-table/tournament poker platform with the highly popular Texas Hold-em, as well as Chinese Poker, Big 2 and Pan, which appeal to the Company’s Asian members.
Poker Prospects
Poker websites make money by taking a ‘rake’ from each pot, usually 1%-3% of the pot. The research group River City, calculates that such revenues from the world’s 200-plus poker websites now approach $2 billion a year, as of 2005 and will continue to show significant increases. The research group believes that some 1.5 million people play poker online regularly for real money and that the number is growing by 100,000 a month. UK-based Party Poker claims that 65,000 people, mainly Americans, play simultaneously on its site at peak hours. Party Poker is estimated to have made US$350 million in profit in 2004, with prospects of making US$500-600 million in 2005.
777 Features
The world-class sportsbook-wagering platform allows members to wager on all major sporting events worldwide. Players are able to place bets in confidence; and the software provides a comprehensive and easily utilized reporting platform for players to track their wagers and/or to view completed transactions.
The online casino games are delivered to the players in a Java format, with a Flash application to be implemented soon offering additional games by year-end. The programs have been developed with ease-of-use in mind, with realistic graphics and no download required. The suite of games presently available include: Baccarat, Blackjack, Caribbean Poker, American Roulette, Craps, Super Slots, Outer Space Slots, Crazy Reel Slots, Wanted Slots, and of course, the all-time favorite, Jacks or Better.
The horseracing platform provides access to major North America horse tracks and will be upgraded by year-end to include tracks from Europe and Asia. The platform features a user-friendly interface with live lines that include the track name, race-odds, betting limits, bet types, the purse, horse name, and the name of the jockey. The payout is based on track prices and automatic updates of real-time odds, scratches and pool information is provided. The online capability enables members to make wagers up to post time.
777 Operations
The licensing agreement with Nevada-based i-gaming software and e-commerce services company, Chimera Technology Corp., provides 777 with a complete turnkey operation. Chimera is an international developer, licensor, and provider of online gaming products and has developed a state-of-the-art "BIRDS EYE" System, which incorporates a complete back-office management system operating all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform.
As members register at www.777betz.com, a payment processing application is completed, which allows for deposits to be made to an account for player use in all platforms. Deposits may be made electronically and by other methods such as wire transfers. This transaction processing system is provided through 724 PAY, a business partner, and the system facilitates payouts of winnings to members again either electronically or by other chosen methods.
777 Marketing Strategy
The Company is presently marketing operations through affiliates and existing business connections to target prospective sports enthusiasts or groups. www.777betz.com provides some important conditions of use translated into Mandarin Chinese. Players are offered bonus prizes and incentives for continued play and referrals, as repeat business is the hallmark of success in i-gaming. The Company believes that in addition to being a one-stop gaming destination site, exciting gaming options, integrity of odds offered, seamless back-office support, ease-of-use, and instant pay service will all build customer loyalty.
Industry Outlook
777 Sports Entertainment enters the i-gaming world at a time when investors appear to have a healthy appetite for on-line casinos. A United Kingdom IPO for www.partypoker.com successfully completed in July 2005, gave that company a market value of US$ 1 billion on its first day of trading. London’s Daily Post reported on August 25, 2005 that www.888.com, the world’s most-visited Internet casino, is planning an early September flotation at a Financial Times-predicted value of US$ 1.4 billion.
Revenues for Internet gambling sites have exploded in the 10 years since the first on-line casino was launched in 1995. Christiansen/Cummings Associates estimates that on-line gambling revenues more than doubled to US$651 million from 1997 to 1998. Frost and Sullivan attribute US$919.1 million in revenues for 1998. Bear, Stearns & Co. Inc. reports US$1.2 billion in revenues from an estimated 650 i-gambling sites in 1999. In 2000 revenues reached US$3 billion. By 2003, revenues from on-line gambling doubled to US$6 billion. Merrill Lynch predicts that this number will be US$50 billion by 2010 and US$177 billion by 2015
A study conducted across the UK by Uswitch.com Communications reported that four million people in the UK gamble on-line each month and that since 2003, the amount of money staked on-line has soared by 566%. There is significant interest from Asian markets.
777 Competitive Advantages
Market knowledge
Product updates
Multicultural connections
One-Stop Shop
Ease-of-Play
Mobile Play
Repeat play
Instant Pay
Industry Highlights
i-gaming IPOs are hot in 2005
Multi-billion dollar worldwide revenues
Accelerated growth forecast
Click Casinos vs Brick Casinos
Lower capital costs to set up and operate More costly to build and operate
Frequent repeat visits Higher turnover of customers
Anonymity feature attracts wider client-base
Share Structure
The authorized capital of the company is 100,000,000 common shares with 13,346,796 being issued and outstanding as of August 31, 2005. Of these shares issued, 12,060,637 shares are restricted under Rule 144.
Corporate Information
For more information on 777 Sports Entertainment Corp., please contact the Company at info@777betz.com or contact Investor Relations @ Tiger Capital, at 1.866.259.0125.
777 Sports Entertainment Corp. is a publicly traded company whose shares trade on the OTC Pink Sheets in the United States under the trading symbol: SVNP.
Money in the bank !!
This one has real legs. Could be a big gainer. $5 would be nice.
BLBR +125% since the low. Little gem IMO
AXCP - A P&D or gbargain. What do you guys think?
EFCR - Any opinions on this one?
k...it is always good to make money...be careful :)
Very nice :)
This is a real bad P&D out of Toronto...no money here.
molar??? in my mouth or on the pinks???lol
just kiddin by the way
looking for the gainers
u think mlar has legs
EKWX - Momo is finished.................
FPPC - a bargain????
I will check it out as well. :)
Looking for big $$$. How much higher does this one go??
AXCP +75%
AXCP -- Allixon International Corp.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Allixon Awarded Contract to Develop the RFID-Based Access Control System and Strategic Materials Management System with the Ministry of Unification
SEOCHO-KU, SEOUL, Korea, Sept. 14, 2005, Sep 14, 2005 (PRIMEZONE via COMTEX) -- Allixon International Corporation (Pink Sheets:AXCP) is pleased to announce that it was selected by the Ministry of Information and Communication (MIC) to complete an RFID-based Access Control System and Strategic Materials Management System for the MIC's RFID business. In the spring of 2005, the National Computerization Agency (NCA) published RFP's for 5 projects to be completed by the following spring 2006.
Allixon was selected for these RFID projects, developing an RFID-based Access Control System and Strategic Materials Management System, to connect the Gaesong Industrial Complex (G.I.C) with the Ministry of Unification (MOU). The Ministry of Unification is responsible for making overall and basic policies for national unification as well as inter-Korean dialogue, exchange and cooperation, integrating and coordinating all the planning there of, providing education on unification, and handling all the other matters related to national unification. The G.I.C mandate has been developed to get mutual economic benefit resulting from combining capital and technology of South Korea, and land and labor of North Korea and reduce economic hardship in North Korea and support for Korean companies.
In this 1 year contract, Allixon will further develop RFID based systems to manage to take in and out strategic materials in "real time", construct the basic system of integrated logistics from Seoul to Gaesong, and simplify the procedure for passengers who plan to go to G.I.C that is owned by North Korea. After this RFID system, the MOU plans to use this system for the tourist industry to North Korea in near future.
Mr. Lee, CEO of Allixon International Corporation, said, "We are pleased to be advancing our RFID based technologies and their practical applications within the Korean government. We hope that these potential gains from our RFID applications will help provide a better understanding within the various governmental organizations the possibilities of RFID technology."
THIS NEWS RELEASE DOES NOT CONSTITUTE ANY OFFER OF ANY SECURITIES FOR SALE.
About Allixon International Corporation
Allixon is a leading provider of RFID Middleware and Mobile Internet solutions for device computing. Allixon combines its products, expertise, partnerships and integration capability into solutions for a wide range of device computing applications, including RFID Middleware and m-banking solution. Allixon's products based on ubiquitous technologies direct companies looking to tap into the wealth of data captured by networked devices such as RFID readers or handhelds to extend the quality of information to any device where they want. The company is headquartered in Soeul, Korea -- 1564-1, Seojin Bldg 3FL., Seocho3-Dong, Seocho-Gu, Seoul, Korea 137-868.
NOTE TO EDITORS: If you would like additional information on Allixon International Corporation, please view our website at www.allixon.com . To receive an Investor Kit or additional information for Allixon International Corporation, or to join the company's mailing list, please contact Investor Relations Department by emailing investors@allixon.com or additionally, corporate counsel, Hank Vanderkam at (713) 547-8900.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Allixon International Inc.
By Staff
CONTACT: Allixon International Corporation
Hank Vanderkam, corporate counsel
(713) 547-8900
(C) 2005 PRIMEZONE, All rights reserved.
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SUBJECT CODE: INTERNET
SOFTWARE
CONTRACT
ASIA
+22% CDIT
Very nice.
An investment of $1 million USD means they are expecting something big. Small investors often make $$ by following some of the bigger guys. It worked with me for a few other pink and otcbb plays. No guarantee of success but then again there are no guarantees in this game. You picked a interesting situation and when some of my other holdings free up cash I amy pick some up. Cheers.
Company president is a big shareholder here. Is that right?
What is your target here?
Looks like EKWX is done. Any thoughts?
U r looking good. The floor here seems to be .03. GLTY. Good pick.