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Winners Internet Network, Inc., Announces Creation of Non-profit "World Security Forum" Foundation.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 22, 2000.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12938355
(BSNS WIRE) Winners Internet Network, Inc., Announces Creation of Non-pr
Winners Internet Network, Inc., Announces Creation of Non-profit "World
Security Forum" Foundation
Business Editors
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 22, 2000--David C.
Skinner, Jr., President and CEO of Winners Internet Network, Inc. (OTC
BB: WINR), www.winr.net, today announced the formation of a non-profit
foundation entitled the "World Security Forum" whose charter is to
create and sustain an ongoing forum for discussion, education,
information exchange and synergy among e-commerce companies and
solution providers in the Internet security arena, and to serve as an
advocate of privacy, confidentiality and security for all consumers
who participate in the e-commerce space.
"The Internet holds the promise of a global, interconnected
economy with greater diversity and opportunity than previously seen in
the history of mankind. But with such promise come increased risks as
seen in the recent denial of service attacks on major e-commerce
companies, the accessing by a hacker of 350,000 credit card numbers at
CDUniverse, and similar incidents which are creating a level of
concern among consumers that could seriously impact the future
development of e-commerce at all levels," noted Mr. Skinner.
"According to a recent poll done for IBM by Louis Harris and
Associates, 72% of consumers are concerned about threats to their
privacy on the Web. Nearly two-thirds of consumers polled say they`ve
refused to give information at a financial site. And more than half of
them say they`ve decided not to make a purchase at a retail, insurance
or financial site because of these worries. Over 53% of shoppers
report exiting a site and going instead to a brick-and-mortar store -
not necessarily run by the same business - rather than buy online due
to these fears and concerns."
Mr. Skinner added, "Clearly this issue is far larger than any one
company or set of companies. It is fundamental to the success amd
future of all of who participate in the e-commerce and financial
transaction processing space that we develop and implement reliable,
proven and accountable systems and solutions that can alleviate these
problems and legitimately earn the consumers' trust."
"As a growing leader in the secure transaction processing
industry, we at WINR wanted to take an active role in bringing
together the many outstanding companies and individuals involved in
this field, to jointly work on shaping the future of privacy and
security on the web in a way that allows the promise of e-commerce and
the Internet to be realized for all participants," said Mr. Skinner.
"The idea for the foundation grew out of discussions with other key
players and participants in the Internet security space, and we look
forward to collaboration with many of these companies and individuals
in realizing the goals of the foundation."
The World Security Forum non-profit foundation and its charter
have been accepted and approved by the Principality of Leichtenstein.
The founding directors of the foundation include Dr. Reinhart Proksch
(International Attorney, Author and Lecturer), Markus Buechel (former
Prime Minister and Minister of Finance of Liechtenstein), and David
Skinner, Jr. (President and CEO of Winners Internet Network, Inc.).
"Liechtenstein, a thriving country located in the heart of Europe,
supports some of the strictest banking secrecy and financial privacy
laws in the world," noted Mr. Skinner, "thus serving as a standard we
might well aspire to."
The foundation will sponsor a web site which is currently under
development and will also sponsor an annual World Security Forum in
Vaduz, Liechtenstein's capital. Details of both will be announced
shortly.
About the World Security Forum
The World Security Forum is a globally oriented non-profit
foundation organized under the laws of the Principality of
Liechtenstein and sponsored by Winners Internet Network, Inc. (WINR).
The foundation's charter is to create and sustain an ongoing
forum for discussion, education, information exchange and synergy
among e-commerce companies and solution providers in the Internet
security arena, and to serve as an advocate of privacy,
confidentiality and security for all consumers who participate in the
e-commerce space.
The foundation will sponsor a web site, currently under
development, which will serve as a central exchange for ideas,
problems, solutions, and emerging standards in the rapidly evolving
web security industry. It will also sponsor an annual World Security
Forum in Vaduz, the capital of Liechtenstein, to bring the leaders and
innovators in the field together with the e-commerce companies they
serve, in the interests of creating a global, safe, secure e-commerce
environment for consumers and businesses alike.
About Winners Internet Network
Winners Internet Network (www.winr.net) is rapidly positioning
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. Winners services both
vendors and customers in the expanding Internet-based e-commerce space
with state-of-the-art secure financial transaction software and
technology.
Winners Internet Network recently acquired a significant interest
in SupraNet AG, one of the fast growing and most profitable ISPs in
Europe. Both companies jointly market the Supra Secure Mail system
(SSM), which supports a 448 bit key security protocol, making it the
most advanced and secure encryption technology available.
Winners Internet Network, Inc. is a public company trading on the
OTC Bulletin Board under the symbol 'WINR.' The Company has also filed
an application for a German listing of its shares in order to
introduce WINR to the European stock market and investment community.
About SupraNet AG
SupraNet AG (www.supra.net), a private company based in
Liechtenstein, is an affiliate of Winners Internet Network and one of
the fastest growing and most profitable ISPs in Europe, with an
annualized growth rate of over 80% a year for the past five years and
similar projections going forward.
SupraNet AG serves individuals and businesses throughout Europe,
providing Dial-Up Internet Access, Leased Lines, DSL Connections,
Hosting and Venue, E-Mail, and Encryption Technology and Software,
including SSM - the most secure, encrypted transaction transmission
technology in the world.
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 are 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.
--30--ah/ny*
CONTACT: Winners Internet Network, Inc.
David Skinner Jr.
Phone: 1-800-358-4242
Email: dcsjr@winr.net
or
SupraNet AG
Ronald Oehri
Phone: 011-423-3774443
Email: ronald@supra.net
or
Investor's contact for the U.S.:
Columbia Financial Group, Inc.
Kevin Holmes
Phone: 1-888-301-6271
Email: urpressed@aol.com
or
Investor's contact for Europe:
World of Internet.com, AG
Torsten Prochnow and Dennis C. Hass,
Phone: 011-49-172-4031383 or 011-49-172-4062621
Website: www.worldofinternet.com
KEYWORD: FLORIDA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: E-COMMERCE INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
Winners Internet Network, Inc. Adds Significant Technology Expertise to Its Board of Directors With the Appointment of Douglas J. Morgan.
ST. AUGUSTINE, Fla., Feb 18, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=14110543
Winners Internet Network, Inc. Adds Significant Technology Expertise to Its Board of Directors With the Appointment of Douglas J. Morgan.
ST. AUGUSTINE, Fla., Feb 18, 2000 (BUSINESS WIRE) -- David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR), www.winr.net, announced today that WINR has appointed Douglas J. Morgan, President and CEO of Performance Strategies, Inc., to the Company's board of directors.
Mr. Morgan is a magna cum laude graduate from both Massachusetts Institute of Technology with a Bachelors Degree and Stanford University with a Masters Degree, both in Computer Science and Electrical Engineering. Mr. Morgan was also a National Science Foundation Fellow.
He has over 25 years of experience in the computer and hi-tech industry with an early background in programming, design, and project management with companies such as Computer Sciences Corporation, Hughes, NCR, and Hewlett Packard. He founded and served from 1981 to 1984 as President of DynaMicro, Inc., a software and computer game development company known for its development of the national best selling game Dungeons of Daggorath.
Mr. Morgan also served as Chairman of Unified Technologies, Inc., a hardware/software development company from 1981 to 1985, when the company merged with Hirsch Electronics Corp., one of its clients. He served as Vice-President of Engineering for Hirsch, a successful privately-held networked security system developer and manufacturer,
from 1985 to 1989. From 1989-1994, he served as President and Chairman of Stratos Scientific Corp., a technical consulting firm, and from 1995 to 1997, he served as the Chairman of Visual Technologies, Inc., a multi-media development company. From 1995 to the present he has served
as President and CEO of Performance Strategies, Inc., an international consulting firm serving the hi-tech and related industries and providing high-level assistance in strategic planning, corporate communications, business model and financial development, network and Internet strategies, and web-site development. He is the holder of 5
U.S. Patents relating to networking, security and computer systems design.
"The appointment of Douglas Morgan to our board adds immeasurably to our technical depth and expertise going forward," commented Mr. Skinner. "His diverse and accomplished background in technology and fields ranging from security and networking to entertainment and
multi-media will be a profound complement to our strategic planning team as we proceed to implement Winner's global vision."
"We anticipate that his business and consulting contacts will provide significant opportunities for partnership and technology sharing that will greatly benefit Winners' rollout of its financial and e-commerce solutions. His demonstrated innovation in the networking, security and
computer systems fields dovetails perfectly with our business strategy and leverages our ongoing efforts to provide proprietary products and solutions in our marketplace."
Mr. Morgan added, "In Winners I found a company rapidly and effectively executing a profoundly well-conceived and integrated strategy to achieve significant stature in the banking, brokering, transaction processing and e-commerce spaces, first in Europe and then expanding world-wide. It is a dynamic time in the growth of the company and I am
proud and pleased to work with this first class management team and be able to contribute to this exciting future."
"We welcome Doug to WINR and believe that our shareholders will soon be benefiting from the expertise and contributions of the prestigious team we've assembled to advise and assist the Company as we move ahead," concluded Mr. Skinner.
About Winners Internet Network
Winners Internet Network (www.winr.net) is rapidly positioning 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. Winners services both vendors and
customers in the expanding Internet-based e-commerce space with state-of-the-art secure financial transaction software and technology.
Winners Internet Network recently acquired a significant interest in SupraNet AG one of the fast growing and most profitable ISPs in Europe.
Both companies jointly market the Supra Secure Mail system (SSM), which supports a 448 bit key security protocol, making it the most advanced and secure encryption technology available.
Winners Internet Network, Inc. is a public company trading on the OTC Bulletin Board under the symbol 'WINR.' The Company has also filed an application for a German listing of its shares in order to introduce WINR to the European stock market and investment community.
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 of the Private Securities Litigation
Reform Act of 1995, and as such are 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.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Winners Internet Network, Inc.
David Skinner Jr.
Phone: 1-800-358-4242
Email: dcsjr@winr.net
or
Investor's contact for the U.S.:
Columbia Financial Group, Inc.
Kevin Holmes
Phone: 1-888-301-6271
Email: urpressed@aol.com
or
Investor's contact for Europe:
World of Internet.com, AG
Torsten Prochnow and Dennis C. Hass,
Phone: 011-49-172-4031383 or 011-49-172-4062621
Website: www.worldofinternet.com
WEB PAGE: http://www.businesswire.com
Winners Internet Network, Inc. to Resubmit Form 10-SB to Reflect New Focus On Financial Processing and e-Commerce.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 18, 2000.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12918848
(BSNS WIRE)ÿÿ Winners Internet Network, Inc. to Resubmit Form 10-SB to
Ref
Winners Internet Network, Inc. to Resubmit Form 10-SB to Reflect New
Focus On
Financial Processing and e-Commerce
ÿ
ÿ
ÿÿÿÿ Business Editors
ÿ
ÿÿÿÿ ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 18, 2000--David C.
Skinner, Jr., President and CEO of Winners Internet Network, Inc.
(OTCBB: WINR), www.winr.net, announced today that WINR will withdraw
and re-file its Form 10-SB Registration Statement, allowing the
company`s current focus and direction to be more accurately reflected
in the new filing.
ÿÿÿÿ WINR received its first comment letter from the Securities &
Exchange Commission (SEC) regarding its registration statement on
February 17, 2000, reflecting the normal feedback process during such
registrations. The comments were delayed as a result of the enormous
work load within the offices of the SEC. The SEC has encouraged the
company to withdraw the registration statement and re-file because it
will be impossible complete the comment and response process and
finalize the filing prior to its effective date of February 22, 2000.
The company has concurred and is withdrawing the Registration
Statement and will resubmit a new filing as soon as possible.
ÿÿÿÿ "We expect to have the revised Registration Statement re-filed
shortly," noted Mr. Skinner, "and this has the added advantage of
allowing the new filing to more accurately represent WINR's new focus
on financial transaction processing and e-commerce as reflected in
company press releases over the last two months. Next week we will be
formally issuing our new Mission Statement, which will be available at
our web site, to reflect our exciting new focus going forward."
ÿ
ÿÿÿÿ About Winners Internet Network
ÿ
ÿÿÿÿ Winners Internet Network (www.winr.net) is rapidly positioning
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. Winners services both
vendors and customers in the expanding Internet-based e-commerce space
with state-of-the-art secure financial transaction software and
technology.
ÿÿÿÿ Winners Internet Network recently acquired a significant interest
in SupraNet AG one of the fast growing and most profitable ISPs in
Europe. Both companies jointly market the Supra Secure Mail system
(SSM), which supports a 448 bit key security protocol, making it the
most advanced and secure encryption technology available.
ÿÿÿÿ Winners Internet Network, Inc. is a public company trading on the
OTC Bulletin Board under the symbol `WINR.' The Company has also filed
an application for a German listing of its shares in order to
introduce WINR to the European stock market and investment community.
ÿ
ÿÿÿÿ Disclaimer
ÿ
ÿÿÿÿ Information contained in this news release - other than
historical information - should be considered as forward-looking,
pursuant to the "safe harbor" provisions of the of the Private
Securities Litigation Reform Act of 1995, and as such are 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.
ÿ
ÿÿÿÿ --30--ac/ny*
ÿ
ÿÿÿÿ CONTACT: Winners Internet Network, Inc.
ÿÿÿÿÿÿÿÿÿÿÿÿÿ David Skinner Jr., 800/358-4242
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Email: dcsjr@winr.net
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ or
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Investor's contact for the U.S.:
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Columbia Financial Group, Inc.
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Kevin Holmes, 888/301-6271
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Email: urpressed@aol.com
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ or
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Investor's contact for Europe:
ÿÿÿÿÿÿÿÿÿÿÿÿÿ World of Internet.com, AG
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Torsten Prochnow and Dennis C. Hass,
ÿÿÿÿÿÿÿÿÿÿÿÿÿ 011-49-172-4031383 or 011-49-172-4062621
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Website: www.worldofinternet.com
ÿ
ÿÿÿÿ KEYWORD: FLORIDA INTERNATIONAL EUROPE
ÿÿÿÿ INDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET
COMPUTERS/ELECTRONICS
ÿ
Today's News On The Net - Business Wire's full file on the Internet
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ with Hyperlinks to your home page.
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ URL: http://www.businesswire.com
ÿ
ÿ
ÿ
ÿ
***ÿ end of storyÿ ***
Winners Internet Network Builds Portal as Heart of `-Plus' Network Providing Access to Qualified Online Retailers in Over 300 Categories.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 17, 2000.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12899470
(BSNS WIRE) Winners Internet Network Builds Portal as Heart of `-Plus' N
Winners Internet Network Builds Portal as Heart of `-Plus' Network Providing
Access to Qualified Online Retailers in Over 300 Categories
Business Editors
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 17, 2000--David C.
Skinner, Jr., President and CEO of Winners Internet Network, Inc.
(WINR), www.winr.net, announced today that WINR is building the new
e-commerce portal WINR-plus.com to serve as the central hub of its
rapidly expanding `-Plus' Network.
"The `-Plus' Network will eliminate the information overload
currently bombarding Internet consumers by directing them to the best
online provider or retailer in more than 300 product and service
categories," Skinner explained.
Rather than querying a search engine, which often retrieves
hundreds or thousands of retailers with no regard to their quality,
the `-Plus' Network will provide one-click access to those providers
and retailers that offer the most competitive rates and highest levels
of performance and service in each sector. Our team of management
advisors, including experts from Winners Internet Network and outside
the Company, will conduct the market research and comparative analysis
necessary to determine the leader in each sector that will receive the
WINR seal of approval.
"The `-Plus' Network thus creates an innovative solution to
online shopping, with tremendous advantages over Yahoo, AltaVista,
Excite and other traditional search engines, since we will provide a
targeted search with the benefit of expert advice - all at no cost to
the consumer," Skinner added. He also reported that the Company
recently registered another 30 `-Plus' Network urls, including
Accountants-plus.com, Attorneys-plus.com, Business-plus.com,
Taxes-plus.com and other urls related to services, products and
support.
The `-Plus' Network will encompass four overall category sites,
covering Internet financial providers (IFP), entertainment, e-commerce
businesses and services, that will break down into `-Plus' sites for
specific products and services within that category. For example,
www.ifp-plus.com will include 10 related sites such as
Banking-plus.com, Barter-plus.com, Commodities-plus.com,
Currency-plus.com, Futures-plus.com, IPO-plus.com, Loan-plus.com,
Mortgages-plus.com, MutualFunds-plus.com, and TradeStocks-plus.com.
The Company is currently working to complete all of the
categories and expects to launch the `-Plus' Network during the 2nd
quarter of 2000. The initial launch will include the WINR-plus.com
portal and the IFP category and subsections, with rapid deployment
anticipated for the entire `-Plus' Network of more than 300 online
retailers and providers.
"We are currently in negotiations with numerous companies that we
have selected for the `-Plus' Network regarding the encryption
technology and processing used for these e-commerce sites as well as
the linkage to our `-Plus' Network system and customer base," said
Skinner.
Ronald Oehri explained that the `-Plus' Network benefits from
WINR's processing and encryption package. This includes the
revolutionary new SSM technology, which provides the highest known
encryption technology currently available with a virtually
impenetrable proprietary code key encryption that changes every three
minutes and has a 448 bit key (versus the current industry standard of
only 128 and 256 bit keys). The Chief Technology Officer, Charles
Scott, explained the Company's package also includes its e-swipe(TM)
technology that provides seamless connection between online customers,
merchants and financial institutions. "Our e-swipe technology is
operational and is currently being used by Winners Internet Network in
processing transactions for e-commerce sites," Scott stated, "with
current efforts focused on quickly converting the Company's entire
system over to e-swipe."
Scott also commented further on development of the `-Plus'
Network, stating that it is being created as a vertically integrated
site pointing to a diverse range of product, service and support
providers. He also noted that WINR is establishing a consumer center
to track all customer feedback regarding the online retailers selected
as the `-Plus' providers in all product, service and support sectors.
"This will strengthen our ability to continually review selected
`-Plus' Network retailers in order to provide the best possible
service to our users."
About Winners Internet Network
Winners Internet Network (www.winr.net) services the rapidly
expanding, e-commerce sector with online financial transaction
software that is both advanced and secure: thereby providing its
vendors and customers with safe, secure and confidential financial
transactions online. Winners Internet Network develops and owns the
proprietary software and technology that enable secure processing of
financial data over the Internet.
Winners Internet Network recently acquired a significant interest
in SupraNet AG. Both companies jointly market the Supra Secure Mail
system (SSM), which is the most advanced, encryption technology
available. A security protocol gives users the ability to have a 448
bit key, which exceeds any encryption available elsewhere.
Winners Internet Network, Inc. is a public company trading on the
OTC Bulletin Board under the symbol `WINR.' The Company has also filed
an application for a German listing of its shares in order to
introduce WINR to the European stock market and investment community.
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 of the Private
Securities Litigation Reform Act of 1995, and 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; in addition to numerous other factors discussed in
this release. Accordingly, actual results may differ materially from
those in any (other) forward-looking statements.
--30--rc/ny*
CONTACT: Winners Internet Network, Inc.
David Skinner Jr.
Phone: 1-800-358-4242
Email: dcsjr@winr.net
or
Investor's contact for the U.S.:
Columbia Financial Group, Inc.
Kevin Holmes
Phone: 1-888-301-6271
Email: urpressed@aol.com
or
Investor's contact for Europe:
World of Internet.com, AG
Torsten Prochnow and Dennis C. Hass
Phone: 011-49-172-4031383 or 011-49-172-4062621
Website: www.worldofinternet.com
KEYWORD: FLORIDA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET NETWORKING
E-COMMERCE
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
Former Prime Minister of Liechtenstein Joins the Winners Internet Network, Inc. Board of Directors. S
T. AUGUSTINE, Fla., Feb 16, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12886324
(COMTEX) B: Former Prime Minister of Liechtenstein Joins the Winners
B: Former Prime Minister of Liechtenstein Joins the Winners Internet Network,
Inc. Board of Directors
ST. AUGUSTINE, Fla., Feb 16, 2000 (BUSINESS WIRE) -- David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc. (WINR),
www.winr.net, announced today that WINR has appointed the former Prime
Minister of Liechtenstein, Markus Buechel, to the Company's board of
directors.
The Honorable Markus Buechel began his career by studying law at the
University of Berne in Switzerland and the University of Munich in
Germany. After a few years of legal practice with two of
Liechtenstein's leading law firms, he was asked by the Liechtenstein
Government to represent the country in its European Union negotiations
with the primary responsibility in financial services. The treaties
with the Liechtenstein Union were successfully concluded, and are one
of the major reasons for a steady two-digit growth rate of
Liechtenstein's banks.
Following his successful negotiation of the Liechtenstein Union,
Buechel was elected to the Liechtenstein Government as Minister of
Finance and subsequently as the country's Minister of Foreign Affairs.
He was then voted Prime Minister of the Principality of Liechtenstein
in a general election.
Since Buechel's retirement from public office, he is active as a board
member of a management consulting firm and two European
telecommunication companies. Buechel's distinguished career in the
public sector also resulted in the Prince of Liechtenstein awarding him
the country's highest honor for his services to the nation.
"The appointment of Markus Buechel is an explosive development in
WINR's corporate growth and a major addition to our expanding European
business structure that insures credibility, representation and
integrity within the firm," commented Mr. Skinner. "With Markus now
serving on our board of directors, he is in the position to lead
Winners Internet Network into the nations of Europe by leveraging his
expertise in the region's markets and extensive contacts with prominent
European leaders."
"Markus' long standing relationships with highly regarded politicians
and businessmen throughout Europe brings substantial value to Winners
Internet Network," Mr. Skinner continued. "This in-depth knowledge of
the community, and its citizens' needs, is of particular benefit to the
Company given our current efforts to establish solid operations across
Europe and to introduce Cyberbank as a leading Internet bank focused on
providing quality services and the world's highest encryption
technology to European consumers."
"We are also very impressed by Markus' present positions as a director
of various European firms -- companies that have synergistic positions
relative to the market expansion pursued by Winners Internet Network.
His position on the board of directors of a Italian Telecommunications
Company, for instance, considerably strengthens our expansion in the
telecommunications and security fields, and clearly illustrates the
strategic nature of his appointment to our board of directors. We
welcome Markus to WINR and believe that our shareholders will rapidly
understand the substantial degree of assistance that he is able to
provide to the Company," concluded Mr. Skinner.
About Winners Internet Network, Inc.
Winners Internet Network (www.winr.net) services the rapidly
expanding, e-commerce sector with online financial transaction software
that is both advanced and secure: thereby providing its vendors and
customers with safe, secure and confidential financial transactions
online. Winners Internet Network develops and owns the proprietary
software and technology that enable secure processing of financial data
over the Internet.
Winners Internet Network recently acquired a significant interest in
SupraNet AG. Both companies jointly market the Supra Secure Mail system
(SSM), which is the most advanced, encryption technology available. A
security protocol gives users the ability to have a 448 bit key, which
exceeds encryptions available elsewhere in the world.
Winners Internet Network, Inc. is a public company trading on the OTC
Bulletin Board under the symbol 'WINR.' The Company has also filed an
application for a German listing of its shares in order to introduce
WINR to the European stock market and investment community.
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 of the Private Securities Litigation
Reform Act of 1995, and 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;
in addition to numerous other factors discussed in this release.
Accordingly, actual results may differ materially from those in any
(other) forward-looking statements.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Winners Internet Network, Inc.
David Skinner Jr., 800/358-4242
dcsjr@winr.net
or
Investor's contact for the U.S.
Columbia Financial Group, Inc.
Kevin Holmes, 888/301-6271
urpressed@aol.com
or
Investor's contact for Europe
World of Internet.com, AG
Torsten Prochnow and Dennis C. Hass
011-49-172-4031383
011-49-172-4062621
www.worldofinternet.com
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA INTERNATIONAL EUROPE
INDUSTRY CODE: COMPUTERS/ELECTRONICS
INTERNET
E-COMMERCE
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Stockreporter Updates Strong Buy Recommendation and Confirms Year 2000 $12 Target Price for Winners Internet Network, Inc. (WINR) http://woi4.e-7.com/english/co/winr/first.html
Stockreporter > WINR > 02/15/2000
Stockreporter Updates Strong Buy Recommendation and Confirms Year 2000 $12 Target Price for Winners Internet Network, Inc. (WINR) ST. AUGUSTINE, FL: Winners Internet Network, Inc. (OTC BB: WINR), a dynamic e-commerce integrator (www.winr.net), today received an updated strong buy recommendation confirming a $12 year 2000 price target from Stockreporter, a leading European financial Internet publication at www.stockreporter.de. Stockreporter said this provides strong profit opportunities from the current $5.00 WINR share price.
Stockreporter issued the WINR update in response to significant developments that strengthen the Company’s near- and long-term prospects. These include the expansion of its service offering into Internet banking and brokering. This latest news comes through official approval for the firm’s share participation in a license (expected in the second quarter of this year) for the new European-focused Cyberbank – in which WINR will take a majority ownership position.
"While investors who followed our initial recommendation of Winners Internet Network profited substantially, even greater investment returns are possible in the next few months as WINR leverages its unique online financial transaction software across the e-commerce, B2B and Internet banking/brokering sectors," said Torsten Prochnow. "The Company is positioned with virtually no direct competition in the European Internet banking and brokering industry since WINR offers an unparalleled level of encryption, privacy and security for online financial transactions.
"We expect the Company to dramatically increase revenues and earnings this year through strategic acquisitions and the widespread proliferation of its Internet banking and brokering services," Prochnow added. "Stockreporter also anticipates that the WINR share price will rise at an accelerated rate in response to growing investor awareness – with an application filed for a German listing and another for Nasdaq expected to be filed in the next few months. We remain very bullish on Winners Internet Network and advise investors to aggressively increase their holdings in the Company."
UPDATE
Since Stockreporter issued a buy recommendation on the profitable e-commerce integrator and online financial processing firm Winners Internet Network, Inc. (WINR), the stock doubled from roughly $2.50 per share to the $5.00 range. Rapid appreciation of the stock price followed early February announcements regarding strategic acquisitions and alliances, significant new product releases and the filing for a secondary listing in Germany to attract greater awareness from European investors.
WINR’s most recent announcement of approval regarding share participation in a license for a European Internet bank is creating a flux of new interest from investors in Europe and the U.S. The Internet bank provides even more tremendous value to investors since it is a spin-off candidate for an IPO in early 2001.
Internet banking and brokering are the fastest growing segments in the financial industry, prompting investors to value major U.S. players with a multi-billion dollar market capitalization (Charles Schwab at $31.4 billion and Ameritrade at $2.8 billion). The European sector is especially exciting since it is in the early stages with roughly 10 million online banking customers and an enormous annual growth rate. WINR is capitalizing upon this business opportunity by teaming with European marketing experts to ensure that the firm captures a dominant industry share.
To obtain a benchmark for valuing WINR’s European Internet banking and brokering goals we take a quick look at the German market, which has roughly 25 percent of Europe’s online banking customers. In this sector, leading Internet banks are also valued with a multi-billion dollar market capitalization (ConSors AG - $3.9 billion, Direct Anlage Bank AG - $2.3 billion and Entrium Direct Bankers AG - $1.1 billion). Since Winners Internet Network has a current market cap of roughly $77.5 million, the launch and successful development of its Cyberbank operations with a focus on all of Europe should result in the firm being valued more in line with its German peers. This indicates there should be tremendous upside pressure on the stock price over the long-term.
Stockreporter believes that a valuation of WINR more in line with its German peers is realistic in the next few years given the Company’s unique situation that positions the firm for virtually no direct competition in the European Internet banking/brokering sector. This stand-alone position within the market is provided by Winners Internet Network’s distinct and long lasting advantages, which are based on its proprietary technology, the world’s highest encryption levels and its location in Liechtenstein (the world’s most expeditious, secure and confidential center for processing of financial transactions).
With a European investor road show scheduled this quarter, Stockreporter anticipates that WINR will attract considerable near-term interest from institutional investors throughout Europe. Winners Internet Network is already bolstering growing European awareness with several other recent developments that confirm the Company’s ability to capitalize upon new profit opportunities. These include a contract with the most successful media enterprise in Switzerland as well as the strategic partnership with and purchase into one of Europe’s few profitable Internet service providers.
By acquiring 19 percent of the shares outstanding of SupraNet AG (www.supra.net), WINR gained access to substantial new revenue and earnings channels as well as a number of significant competitive advantages, including:
The world’s highest encryption technology (SSM), which is expected to emerge as the encryption standard for secure B2B communications and financial transactions.
The ability to provide host services, leased lines and expanded Internet and communication services to merchants, customers and financial institutions.
The ability to provide businesses with physical location of their e-commerce servers in Liechtenstein, where the government guarantees the privacy of transactions.
The joint development of www.encryption-plus.com, which will be launched in the second quarter of 2000 and is expected to be the #1 site for privacy and encryption.
These advantages are complemented by the Company’s acquisition of the e-commerce "-Plus" Network, which includes Cyberbank-plus, Commodities-plus, Mortgages-plus, Loans-plus, MutualFunds-plus, eShop-plus and more than 30 other registered domains. The Network benefits from WINR’s processing and encryption package, which includes SSM as well as the Company’s e-swipe™ technology that provides seamless connection between online customers, merchants and financial institutions.
Overall, WINR shares represent an exciting opportunity for investors to achieve tremendous short- and long-term profits. With all of the pieces now in place for the firm to expand its business across the e-commerce, B2B and Internet banking/brokering sectors, Stockreporter believes that the Company is embarking upon a new period of accelerated growth. We anticipate strong upside pressure on the stock price to result from growing European investor awareness due to the recent application for a listing in Germany. As the Company also prepares to file for a listing on Nasdaq in the next few months, Stockreporter expects that institutional investors in the U.S. will already begin to recognize the firm’s unique market positioning and dynamic growth prospects.
EVALUATION
Stockreporter is very bullish on Winners Internet Network and sees dynamic profit opportunities for investors, especially at the stock’s current undervalued trading levels of roughly $5.00 per share. The strong price appreciation since our initial recommendation just one month ago illustrates the dramatic attraction to this high-growth firm. We believe the case for future share price appreciation is strengthened by WINR’s ability to translate its technical advantages into concrete growth across industry sectors.
Stockreporter anticipates exceptional top- and bottom-line growth from the Company, and we believe that recent developments confirm our earlier estimates for year 2000 expansion and our $12 share price target at a conservative PER of 40. We also note that the firm’s aggressive short- and near-term expansion plans may prompt us to upgrade our initial estimates and share price targets later this year. Stockreporter expects that dramatically expanded investor awareness of WINR could result in the stock trading closer to the average 70 PER of its peers on Nasdaq, where we expect the Company could be listed in the next few months.
For information concerning the compensation received for the preparation of this report and other disclosures, see
Important Disclaimer and Disclosure Statement
Stockreporter Announces Investment Opinion on Winners Internet Network, Inc.
ST. AUGUSTINE, Fla., Feb 14, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12861954
(COMTEX) B: Stockreporter Announces Investment Opinion on Winners Int
B: Stockreporter Announces Investment Opinion on Winners Internet Network, Inc.
ST. AUGUSTINE, Fla., Feb 14, 2000 (BUSINESS WIRE) --
Stockreporter Updates Strong Buy Recommendation and Confirms Year
2000 $12 Target Price for Winners Internet Network, Inc. (WINR)
Winners Internet Network, Inc. (OTC BB: WINR), a dynamic e-commerce
integrator (www.winr.net), today received an updated strong buy
recommendation confirming a $12 year 2000 price target from
Stockreporter, a leading European financial Internet publication at
www.stockreporter.de. Stockreporter said this provides strong profit
opportunities from the current $5.00 WINR share price.
Stockreporter issued the WINR update in response to significant
developments that strengthen the Company's near- and long-term
prospects. These include the expansion of its service offering into
Internet banking and brokering. This latest news comes through official
approval for the firm's share participation in a license (expected in
the second quarter of this year) for the new European-focused Cyberbank
- in which WINR will take a majority ownership position.
"While investors who followed our initial recommendation of Winners
Internet Network profited substantially, even greater investment
returns are possible in the next few months as WINR leverages its
unique online financial transaction software across the e-commerce, B2B
and Internet banking/brokering sectors," said Torsten Prochnow. "The
Company is positioned with virtually no direct competition in the
European Internet banking and brokering industry since WINR offers an
unparalleled level of encryption, privacy and security for online
financial transactions.
"We expect the Company to dramatically increase revenues and earnings
this year through strategic acquisitions and the widespread
proliferation of its Internet banking and brokering services," Prochnow
added. "Stockreporter also anticipates that the WINR share price will
rise at an accelerated rate in response to growing investor awareness -
with an application filed for a German listing and another for Nasdaq
expected to be filed in the next few months. We remain very bullish on
Winners Internet Network and advise investors to aggressively increase
their holdings in the Company."
The complete WINR update issued by Stockreporter is available in
English and German and can be accessed at www.stockreporter.de.
NOTICE
Stockreporter.de is a service rendered by World of Internet.com AG,
Germany. All statements and expressions, especially the evaluations and
outlooks on companies, are the opinion of Stockreporter.de and are not
meant to be a solicitation or recommendation to buy, sell or hold
securities. The information that Stockreporter.de relies on is
generally provided by the company featured in the analysis and may also
include information from outside sources, as well as research and
interviews conducted by Stockreporter.de. It is Stockreporter.de's
policy not to rely upon company related information which has not been
publicly disclosed. Thus, information provided by companies is only
used for evaluation and recommendation purposes, if the companies
confirm to Stockreporter.de that the information has already been
publicly disclosed.
Investors should not rely solely on the information contained in this
publication. Stockreporter.de urges its readers to conduct additional
research on the featured companies, e.g. check the company's filings
with the Securities and Exchange Commission (SEC) located at
http://www.sec.gov, before entering into an investment regarding a
recommended company.
Investments in the companies analysed should be considered to be
speculative; the use of information provided in the analysis and
evaluation provided is at the investor's sole risk. It has to be noted
that investing in Micro-Cap or Small-Cap securities is highly
speculative and carries a high degree of risk. All information on
companies provided in this publication are made as of the date
mentioned; such information is subject to change without notice.
Although, the information about featured companies is obtained by
Stockreporter.de from sources which can be believed to be reliable, the
accuracy of such information is not guaranteed. Stockreporter.de makes
no representation or warranty as to the accuracy of the information
provided.
For analysis and evaluations on companies Stockreporter.de usually
receives consideration in cash or stock. Further, Stockreporter.de may
act as consultant or special adviser to the companies reviewed in this
publication and may provide public relations and web site development
services for which they may receive compensation in cash or stock. Any
compensation received by Stockreporter.de in connection with
publications on or services for companies featured in Stockreporter.de
should be viewed by readers as a potential conflict of interest.
Specific information on compensation received by Stockreporter.de is
disclosed in the evaluation and outlook on companies featured by
Stockreporter.de. Stockreporter.de adopted a policy not to engage in
any trading activity in the shares of companies evaluated and
recommended as long as the market has reacted to such evaluations and
recommendations.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Mr. Torsten Prochnow (+49-172-4031383)
Mr. Dennis C. Hass (+49-172-4062621)
EMAIL: contact@stockreporter.de
HOMEPAGE: www.stockreporter.de
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: INVESTMENT
OPINION
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. Announces Go Ahead for Share Participation in Liechtenstein Cyberbank Application.
ST. AUGUSTINE, Fla., Feb 10, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12841110
(COMTEX) B: Winners Internet Network, Inc. Announces Go Ahead for Sha
B: Winners Internet Network, Inc. Announces Go Ahead for Share Participation in
Liechtenstein Cyberbank Application
ST. AUGUSTINE, Fla., Feb 10, 2000 (BUSINESS WIRE) -- David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc. (WINR),
www.winr.net, today officially announced that WINR has been officially
advised by Dr. Peter Keppeler of Ernst and Young, Bern, Switzerland,
that WINR as a public traded company has the right to participate in
the ownership of shares in the application to be filed for a
Liechtenstein Private Banking License.
Dr. Keppeler was the author of the Liechtenstein banking laws that were
passed by parliament. WINR has been working with Dr. Peter Keppeler in
recent months in exploratory meetings concerning the filing of an
application for an Internet Banking License in Liechtenstein.
According to Mr. Skinner, "We have been waiting for this important
advice in order to proceed with our comprehensive business plan for
Global Internet e-commerce, including Internet Banking and Brokering.
We feel that this ability will enable WINR to achieve its targeted
goals to create the most comprehensive and secure foundation for
e-commerce. All of our plans in our business model are being put into
place and the ability to have a major share in the application process
is immeasurable."
Internet Banking and Internet Brokering are the fastest growing
segments in the entire financial sector. Market capitalizations of
major U.S. American competitors are without any exception in the multi
billion Dollar range, e.g. Charles Schwab ($31.4 billion,
www.schwab.com), Ebay ($21.3 billion, www.ebay.com), and Ameritrade
$2.8 billion, www.ameritrade.com). Especially the European market of
Internet Banking and Brokering is currently rapidly developing and WINR
will be very well positioned already in this early stage. Together with
European marketing experts WINR is currently developing an aggressive
marketing strategy to get a significant market share of the European
market with approximately 10 million online banking customers and an
enormous annual growth rate. Also the market capitalization of major
European competitors are without any exception in the multi billion
Dollar range, e.g. on the German market which is currently over 2.5
million online banking customers the most important European market:
ConSors AG ($3.9 billion, www.consors.de), Direkt Anlage Bank AG ($2.3
billion, www.diraba.de), and Entrium Direct Bankers AG ($1.1 billion,
www.entrium.de).
According to Mr. Skinner, "In this competitive environment WINR will
have the distinction of sole use of the safe and secure "-Plus"
Network, the highest encryption technology available in the world, and
the location of Liechtenstein where the government respects
confidentiality and where absolute privacy is protected by law.
Therefore WINR is going to be competition free in the European and
Global Marketplace for Internet Banking and Internet Brokering."
Mr. Skinner continued: "We have the software to insure the highest
level of security for all financial transactions. This coupled with the
significant ownership of SupraNet AG, the largest Internet Provider in
Liechtenstein, and their 448 key bit encryption, and recent signed
contracts for processing with the largest media group in Switzerland
gives us the credibility worldwide that we have been seeking. The
European marketplace holds the future expanded growth of the Internet
without question and we are now being considered as a member of that
community."
According to Ronald Oehri, CEO and President of SupraNet AG and Board
member of WINR, "We continue to have significant inquiries from around
the world concerning our Supra Secure Mail and its utilization in more
areas than we imagined. Our share of B2B communication will be a
significant share not only in the quickly unfolding European e-commerce
and Internet Banking market, but also the worldwide markets."
Mr. Oehri continued: "We are the only ones able to offer the new 448
bit key standard for encryption that is our proprietary technology. We
expect our new encryption to become the worldwide Business-to-Business
standard. Encryption coupled with the secure and safe processing of
WINR adds a new dimension of safety for the Internet Merchant, the
Vendor and the entire financial community." Mr. Oehri continued, "Do
not forget that WINR has the new e-swipe TM technology which is their
proprietary product that provides a seamless connection to the Internet
Customer, Merchant and Financial Institutions in e-commerce and
Internet Banking."
About Winners Internet Network, Inc. Winners Internet Network services
the explosive e-commerce sector with advanced and secure online
financial transaction software and provides safe, secure and
confidential online financial transactions for its vendors and
customers. Winners Internet Network develops and owns proprietary
software and technology that enables this secure processing of
financial data over the Internet.
Winners Internet Network recently acquired a significant interest of
SupraNet AG. Both companies jointly market the Supra Secure Mail (SSM),
the highest encryption technology available. The protocol for security
gives the user the ability to have 448 bit key that exceeds any
available encryption in the world.
Winners Internet Network, Inc. is a publicly traded company with the
trading symbol OTC BB: WINR and has filed its application for a Listing
in Germany to introduce the WINR stock on the European Stock Market.
About SupraNet AG SupraNet AG is an affiliate of Winners Internet
Network and one of the few profitable Internet Service Providers (ISP)
in Europe. SupraNet AG 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, and encryption technology and software
(e.g. SSM). SSM technology provides the most secure and encrypted
transaction technology in the world.
SupraNet AG is a private company based in Liechtenstein.
Disclaimer Information contained in this news release other than
historical information should be considered forward-looking and is
subject to various risk factors and uncertainties. For instance, the
strategies and operations of Winners Internet Network, Inc. involve
risks of competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Winners Internet Network, Inc.
David Skinner Jr.
Phone: 1-800-358-4242
Email: dcsjr@winr.net
or
SupraNet AG
Ronald Oehri
Phone: 011-423-3774443
Email: ronald@supra.net
or
Investor Contact U.S.:
Columbia Financial Group, Inc.
Kevin Holmes
Phone: 1-888-301-6271
Email: urpressed@aol.com
or
Investor Contact Europe:
World of Internet.com, AG
Torsten Prochnow and Dennis C. Hass
Phone: 011-49-172-4031383 or 011-49-172-4062621
Website: www.worldofinternet.com
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA INTERNATIONAL EUROPE
INDUSTRY CODE: INTERNET
COMPUTERS/ELECTRONICS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. Announces Acquisition of E-commerce Network.
ST. AUGUSTINE, Fla., Feb 7, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12799308
Winners Internet Network, Inc. Announces Acquisition of E-commerce Network
ST. AUGUSTINE, Fla., Feb 7, 2000 (BUSINESS WIRE) -- David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc. (WINR),
www.winr.net, today officially announced that the company has completed
negotiations to acquire the entire e-commerce "-Plus" Network from
CyberLink Monetary Systems, Est., a Liechtenstein company.
WINR has been working with the CyberLink Group over the past year and
will continue to receive their full support in the processing, handling
and administration of these sites. According to the President and CEO
of WINR, David C. Skinner, Jr., "The acquisition is dynamic for
e-commerce since WINR now has full and unrestricted ownership of all
domains including the exclusive processing for all sites expected to be
added very quickly. CyberLink has been registering sites under the name
www._________-plus.com including domains such as cyberbank-plus,
commodities-plus, mortgages-plus, loans-plus, mutual funds-plus,
eshop-plus and over 30 other registered sites."
"This contract virtually allows WINR and its affiliate SupraNet AG, the
largest Internet Provider in Liechtenstein that WINR holds a
significant ownership as announced last week, to have complete hands on
with the marketing, processing and administration of the "-Plus"
Network", Skinner continued.
According to Ronald Oehri, the CEO and President of SupraNet AG and a
Liechtenstein native, "We already have contracts in active negotiation
and sites will be added very soon. We will have a significant share of
the European e-commerce market since we are the only ones that will be
able to offer the new 448 bit key standard for encryption that is our
proprietary technology. Our new encryption will become the worldwide
Business-to-Business standard. Encryption coupled with the secure and
safe processing of WINR adds a new dimension of safety for both the
Internet Merchant and the Vendor. Add to this," Oehri continued, "WINR
has the new e-swipe TM technology which they developed that provides a
seamless connection to the Internet Customer, Merchant and Financial
Institutions."
WINR and SupraNet have combined forces to not only process transactions
in a safe and secure environment, but to provide host services, leased
lines, and expanded Internet and communication services to merchants,
customers and financial institutions.
Mr. Oehri and Mr. Skinner said, "We have been receiving inquiries from
worldwide markets who want to locate their servers with us, but were
concerned about transaction safety. Our new package offers the highest
level of security for the transaction, in addition to communication
between customers and merchants, stockbrokerage houses, trust
companies, attorneys, and all others with a secure e-mail that
guarantees privacy not only for messages, instructions or orders, but
also the sender's name and the recipient name as well. This is a new
era and with our combined technology we will be able to fulfill the
customer and business needs."
Oehri and Skinner continued, "One of the main problems with security
breach is that Internet customers are forced to use their credit card
each and every time they make a transaction, thereby increasing the
risk of theft dramatically. With the "-Plus" Network, the customer has
a seamless connection to all merchants who are using our processing and
encryption package. They also have the option of using Western Union
and wire transfers. Merchants and customers who use the "-Plus" Network
will have the advantage over the traditional e-commerce methods that
are currently in use. We are the protection that the customer has
needed and deserves. Best of all, SupraNet AG has hosted the WINR
processing system for some time and knows that it works."
According to the market analysis based upon the Gartner Group's
Dataquest, the worldwide market for e-commerce is expected to grow over
1,000% from approximately $35 billion to $400 billion from 1999 to
2003. Also according to another reliable source, Forrester Research,
e-commerce revenues are expected to grow over 1,000% from less than
$100 billion to approximately $1,200 billion from 1999 to 2003. Within
this rapidly growing e-commerce area, WINR is a leader in the safest
technology and software for processing all kinds of transactions. WINR
has been recognized by leading credit card companies for their efforts
in this regard. According to David Skinner, Jr., "The valuable "-Plus"
Network will enable WINR to obtain a significant market share of this
emerging e-commerce sector. So WINR is very well positioned already in
this early stage and will have the distinction of sole use of this safe
and secure "-Plus" Network in the e-commerce environment to be
competition free in the Global Marketplace."
About Winners Internet Network, Inc.
Winners Internet Network services the explosive e-commerce sector
with advanced and secure online financial transaction software and
provides safe, secure and confidential online financial transactions
for its vendors and customers. Winners Internet Network develops and
owns proprietary software and technology that enables this secure
processing of financial data over the Internet.
Winners Internet Network recently acquired a significant interest of
SupraNet AG. Both companies jointly market the Supra Secure Mail (SSM),
the highest encryption technology available. The protocol for security
gives the user the ability to have 448 bit key which exceeds any
available encryption in the world.
Winners Internet Network, Inc. is a publicly traded company with the
trading symbol OTC BB: WINR and has filed its application for a Listing
in Germany to introduce the WINR stock on the European Stock Market.
About SupraNet AG
SupraNet AG is an affiliate of Winners Internet Network and one of
the few profitable Internet Service Providers (ISP) in Europe. SupraNet
AG 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, and encryption technology and software
(e.g. SSM). SSM technology provides the most secure and encrypted
transaction technology in the world.
SupraNet AG is a private company based in Liechtenstein.
Disclaimer
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
Winners Internet Network, Inc. Announces Application for German Stock Exchange.
ST. AUGUSTINE, Fla., Feb 4, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12778070
(COMTEX) B: Winners Internet Network, Inc. Announces Application for
B: Winners Internet Network, Inc. Announces Application for German Stock
Exchange
ST. AUGUSTINE, Fla., Feb 4, 2000 (BUSINESS WIRE) -- David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc. (WINR),
www.winr.net, today officially announced that the company has filed its
application for a Listing of the stock in Germany to introduce the WINR
stock on the European Stock Market. To be more exact, the Winners
Internet Network, Inc. stock is going to be listed in the new German
High Quality segment for Small Caps.
The company has been able to win over one of the biggest and most
important German "market makers", the stockbroker company of Schnigge
AG, for this Listing. With this step, the company would now also like
to offer European investors the possibility of trading the company's
shares.
"European investors are trading American shares more and more often in
continually larger amounts. With this intended Listing in Germany,
Winners Internet Network, Inc. is thus opening itself up to all
European investors, both institutional and retail", says David Skinner,
Jr., CEO and President of Winners Internet Network, Inc.
In this context, the company plans to carry out an Investor Roadshow in
Europe already in the first quarter. Both the company as well as their
investor relations agencies have already received numerous interesting
inquiries.
Skinner continued, "With these measures, we would like to lay the
foundations for our continued drastic international growth. For Winners
Internet Network, Inc., Europe is a very important market with enormous
potential".
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Winners Internet Network, Inc.
David Skinner Jr.
Phone: 1-800-358-4242
Email: dcsjr@winr.net
SupraNet AG
Ronald Oehri
Phone: 011-423-3774443
Email: ronald@supra.net
Investor Contact U.S.:
Columbia Financial Group, Inc.
Kevin Holmes
Phone: 1-888-301-6271
Email: urpressed@aol.com
Investor Contact Europe:
World of Internet.com, AG
Torsten Prochnow and Dennis C. Hass
Phone: 011-49-172-403138 or 011-49-172-4062621
Website: www.worldofinternet.com
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: BANKING
E-COMMERCE
INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. And Supranet Ag Jointly Announce The Highest Encryption Technology Available.
ST. AUGUSTINE, Fla., Feb 4, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12776333
(COMTEX) B: Winners Internet Network, Inc. And Supranet Ag Jointly An
B: Winners Internet Network, Inc. And Supranet Ag Jointly Announce The Highest
Encryption Technology Available
ST. AUGUSTINE, Fla., Feb 4, 2000 (BUSINESS WIRE) -- David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc. (WINR),
www.winr.net, and Ronald Oehri, CEO and President of SupraNet AG,
www.supra.net, an affiliate of Winners Internet Network, jointly
announce the Supra Secure Mail (SSM), the highest encryption technology
available.
SSM technology provides the most secure and encrypted Email service
transaction technology in the world. This breakthrough developed
exclusively by SupraNet AG will quickly become the most accepted
encryption standard for business to business (B2B) communication and
safe financial transactions. The protocol for security gives the user
the ability to have 448 bit key which exceeds any available encryption
in the world. It is the first key with over 400 bit encryption
technology which is a worldwide milestone in the development of
security and privacy software compared to the current standard of 128
to 256 bit keys.
"This significant breakthrough will give Winners Internet Network a
profound competitive advantage in the e-commerce marketplace. SSM
offers the highest level of security for the rapidly increasing number
of merchants and customers of WINR and its expanding e-commerce
activities", David Skinner, Jr., CEO and President of Winners Internet
Network, Inc., stated. "The joint marketing efforts for SSM will
clearly increase the value of WINR and SupraNet AG and contribute
strong additional revenue streams. This will be accomplished with a one
time set-up fee for SSM and a monthly service charge", Skinner
continued.
According to Ronald Oehri, the President and CEO of SupraNet, "The code
key encryption is so safe that the biggest computers in the world would
take 25 years to penetrate the code. As a further deterrent, the code
changes every 3 minutes making it virtually impenetrable. This will be
the new standard for safe, secure and confidential communication. We
have already begun to experience the growing demand for this software
and service."
Unique Proprietary selling points of SSM: - Current standard privacy
software does not encrypt the sender's and recipient's names and the
subject of the email, only the content of the message. SSM encrypts not
only the content, but also the sender, recipient, and subject. So SSM
encrypts the entire transmission and makes it impossible for anyone to
decipher any or all of these transmissions.
- All data of all transmissions is stored in Liechtenstein where the
government respects confidentiality and where absolute privacy is
protected by law.
- All steps of every transmission are encrypted with the new, powerful,
proprietary, and unique 448 bit key.
In this email transmission process the sender and the recipient must
proceed through the Authorization Security Process (ASP) to access the
email servers to deliver and to receive all email transmissions. In
order to use SSM customers will have to install the 900KB proprietary
software on their computer. Once installed the user has worldwide
access to SSM.
SupraNet AG is currently selling and marketing SSM at its corporate
website www.supra.net. Winners Internet Network, Inc. and SupraNet AG
are currently developing the sales and information portal
Encryption-plus.com for its 448 bit key encryption product, SSM. The
portal can be found at www.encryption-plus.com in the second quarter of
2000 with both companies expecting this site to be the No. 1 website
for privacy and encryption products, information, and services.
Business-to Business communication and its encryption is a rapidly
growing multi-billion Dollar market. According to David Skinner, Jr.,
and Ronald Oehri, "SSM will enable our companies to obtain a
significant market share of this expanding multi-billion Dollar
industry. We have already received several concrete inquiries from
potential customers from all over the world."
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Winners Internet Network, Inc.
David Skinner Jr., 800/358-4242
Email: dcsjr@winr.net
or
SupraNet
AG Ronald Oehri, 011-423-3774443
Email: ronald@supra.net
or
Investor Contact U.S.:
Columbia Financial Group, Inc.
Kevin Holmes, 888/301-6271
Email: urpressed@aol.com
or
Investor Contact Europe:
World of Internet.com, AG
Torsten Prochnow and Dennis C. Hass
Phone: 011-49-172-403138 or 011-49-172-4062621
Website: www.worldofinternet.com
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. Acquires Significant Interest of Supranet, Europe.
ST. AUGUSTINE, Fla., Feb 3, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12764556
(COMTEX) B: Winners Internet Network, Inc. Acquires Significant Inter
B: Winners Internet Network, Inc. Acquires Significant Interest of Supranet,
Europe
ST. AUGUSTINE, Fla., Feb 3, 2000 (BUSINESS WIRE) -- David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc. (WINR),
www.winr.net, announces the acquisition of 19% of SupraNet AG stock,
www.supra.net.
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 acquisition of SupraNet AG lays the strongest foundation possible
for Winners Internet Network and SupraNet AG for its worldwide
expansion in e-commerce," David Skinner, Jr. stated. "We expect our
ownership to significantly increase our annual revenues and to provide
unlimited growth potential to Winners Internet Network," Skinner
continued.
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 European Union. European e-commerce has been 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:
- 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
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA INTERNATIONAL EUROPE
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Stockreporter begins coverage of Winners Internet Network Inc. (WINR) with a strong buy recommendation and a conservative year 2000 price target of $12 per share.
http://woi4.e-7.com/english/co/winr/20000131sb.html
Stockreporter > WINR > 01/31/2000
Stockreporter begins coverage of Winners Internet Network, Inc. (WINR) with a strong buy recommendation and a conservative year 2000 price target of $12 per share
COMPANY OVERVIEW
Winners Internet Network, Inc. (WINR - www.winr.net) is a profitable online financial processing company that provides safe, secure and confidential online financial transactions for its vendors. WINR develops and owns proprietary software and technology that enables this secure processing of financial data over the Internet and is linked to established banking structures. The Company posted $0.01 EPS in the first quarter, $0.03 EPS in the second quarter and $0.07 EPS for the first nine months of the year.
WINR was a pioneer in establishing the first ever Worldwide Gaming Payout Structure. The Company provides management and accounting services to guarantee accuracy of payouts and confidentiality to customers. This system is not limited to Internet gaming, but useful for all vendors – regardless of their product. It provides a database that will quickly adapt to all types of Internet commerce and strengthens WINR’s ability to fast pace itself for rapid corporate expansion with an emphasis on software development.
To this end, the Company is expanding beyond use of its software and processing system in Internet gaming payout structures for legally licensed Internet casinos and sports books. WINR is diversifying its business to develop e-commerce operations that will utilize its financial processing system and capitalize upon its established banking relationships. Stockreporter believes that this corporate shift towards the lucrative e-commerce sector will create substantial new revenue channels for Winners Internet Network and will therefore drive new interest in WINR stock, leading to strong profit opportunities for investors taking an early position in the Company’s shares.
A superior management team and prudent operating structure support the Company’s diversification strategy and ensure the profitable success of its expanding operations. Investors should note a number of factors related to Winners Internet Network’s current and future business focus that make WINR a dynamic investment opportunity over the short, medium and long term.
Winners Internet Network commenced operations in mid-December 1998 and currently utilizes its proprietary financial processing software to handle transaction processing for 10 casino websites, 7 sports books, 1 lottery, and 1 shopping mall
WINR has a joint venture with CyberLink Monetary Systems, EST for a new Internet Network, known as The Plus Network, which will use the Company’s software for transaction processing and will provide financial transaction e-commerce throughout the world in all major currencies
The Company has established affiliations with the Cyberlink Trust and Cyberlink Monetary Systems to provide Banking Trustee Management Services
Winners Internet Network has agreed to provide its proprietary software for Secure Internet Processing in coordination with the WINR/CMS foundation for a new Financial Internet Network, known as The SecureNet-Plus Network
WINR is the owner of the SecureNet Processing Company, which is based in Europe.
BUSINESS SUMMARY
WINR initially signed a 10-year renewable agreement with a prestigious company in Lichtenstein (known throughout the world as one of the most safe and confidential centers for financial management and banking. This Lichtenstein-based company has been providing software services to the international banking industry and the government community.
Since that time, Winners Internet Network has further developed this prototype to offer the most expanded financial processing package available. It is not only secure with the advanced security technology, but is now a member of the CyberLink Trust providing protected asset management with a Trust that has been licensed and in business since 1954. Winners Internet Network has been recognized for the ability of its system and the potential the system offers.
With the increase in the Internet gaming market, WINR 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 to create a new standard for the industry. The focus will also be directed toward all Internet transactions, allowing potential customers to deposit their money where it is confidential, safe and protected. The new Winners Internet Debit Card will provide players with access to funds worldwide in over 115 countries and over 350,000 ATM machines.
At the present time in the rapidly growing Internet gaming industry, a uniform structure does not exist and the customer is literally at the mercy of an unstructured and insecure payout system. Players may also unknowingly face legal problems that could harm them if they violate the gaming laws of their jurisdiction. WINR has a staff of executives who have personally been involved in the management and operation of many casinos and sports books, including the development of software for Internet casinos and sportsbooks These executives realized the problems facing the industry and the players under the current operating systems, and therefore ensured the development of Winners Internet Network’s unique, secure and comprehensive solutions.
There have been gaps in both credibility and integrity within the Internet gaming industry, and WINR is offering a structured system to solve these problems. The Company has been recognized in various publications to be the much needed "Standard for the Industry." It has also been stated that the system will establish the only legal and foolproof payout structure, and should add "light years to players’ confidence in casino gaming." It has further been quoted that Winners Internet Network will be giving a site respectability with "The Winners Seal of Assurance."
PRODUCT OFFERING
Winners Secure Online Financial Processing System
Global Gaming Link Systems, Inc. (GGLS), a Liechtenstein company, developed the initial test prototype software that established an initial database for Internet financial transactions. In 1997, Davki Agency signed an exclusive 10-year agreement with GGLS for the rights to use this test proprietary software. In 1998, Winners Internet secured exclusive use of this technology and further developed the software from its initial test stage to the completed and functioning system that the Company offers today – Winners Secure Online Financial Processing System. This software only utilizes upgraded technology that was exclusively developed by Winners Internet. The previous test software is not a functioning component of the technical and processing software technology, which is currently known as the Winners Processing System.
Winners Processing System provides a comprehensive system for the management of financial accounts, accounting services and financial transactions for Internet commerce. The system allows an Internet transaction to be completed totally on the Internet without requiring the transaction to be processed through non-Internet banks. The Winners Processing System relies on proprietary security protocols, and WINR has purchased encryption software to maintain the integrity of the transactions.
The system allows a vendor to receive transactions from customers by Visa, Master Card, American Express, Western Union, bank transfers and checks. It also has the capability to identify stolen credit cards, process transactions in 12 major currencies and allows the vendor to convert transactions into other currencies. The Company accepts financial transactions from 16 countries and its Winners Processing System accepts the U.S. dollar, Canadian dollar, British pound, French franc, Swiss franc, Austrian schilling, German Deutsche mark, Italian lira, Dutch guilder, Japanese yen, Belgian franc and Australian dollar.
CyberLink Monetary System
CyberLink Monetary System completes the processing of Internet transactions using WINR’s Winners Processing System. The CyberLink Monetary System is 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 with DDr. Reinhard Proksch serving as managing director on their behalf. DDr. Proksch, a Fullbright Scholar, holds dual doctorates in law and information systems.
Winners Internet became a member of the CyberLink Monetary System in July 1998 when CyberLink Monetary Systems agreed to exclusively license Winners Internet as the sole provider of Internet gaming for its data processing operations. The Company’s Winners Processing System interfaces with the CyberLink Monetary System's data processing. The financial transactions processed by the CyberLink Monetary System are then interfaced with the bank accounts managed by the CyberLink Monetary System.
The financial structure and established links WINR has forged with foreign banks through the CyberLink Monetary System are a material aspect of the Company’s operations.
Global Gaming Link System
WINR’s Winners Processing System and the CyberLink Monetary System provide the technology and financial transaction structure for the Company’s Gaming System, which provides a structure that ensures compliance with all existing gaming laws, an audit mechanism for the host governments and players and a method for a player's funds to be processed through the CyberLink Monetary System. Each casino or sportsbook must first apply for a license with Winners Internet Network, which then recommends the licensee as a member to the CyberLink Monetary System.
The acceptance of each license remains with the CyberLink Monetary System, which is not required to accept all applications. All licenses that have been submitted by Winners Internet Network to the CyberLink Monetary System up to the present time have been approved. As of December 1, 1999 there were 9 casinos, 7 sportsbooks, 1 card room, 1 lottery and 1 raffle that are licensed with WINR and that have been approved by CyberLink Monetary Systems.
WINR’s Gaming System provides credibility, uniformity and legality to Internet gaming. By using its Gaming System, the Company enables winnings from an Internet gaming site to be disbursed daily – with the player receiving immediate payment that is redeemable at a local bank since the funds are in that jurisdiction’s currency.
This feature enables the Company’s Gaming System to eliminate the lengthy process that is currently the status quo when an Internet player goes to an Internet gaming site and enters a charge card number or wires funds to the site operator. If the player wins, he must wait for the casino to send him a check, usually from a foreign jurisdiction. Then when he deposits the check in his own account, the player must generally wait 7 to 10 days for the check to be processed. Meanwhile, the casino may wait 30 to 45 days before the player cashes the check.
Once a casino becomes licensed with WINR, the Company requires the casino to use the Gaming System for all transactions. This system not only processes all incoming and outgoing transmissions, but also includes an entire accounting of the succession of each entry that supplies both the casino and the player with a record of winnings and losses. The player can access a separate accounting, which provides account information for all casinos that he has played that are using WINR’s Gaming System. This also provides a means for the player to insure that the casino is maintaining records.
The Gaming System uses the same method of payout for all of Winners Internet Network’s licensed Internet casinos, regardless of the host site location. Daily currency conversions are available, allowing players to be aware of the dollar or other currency rates for play and payment. The system is also programmed to monitor transactions to detect money laundering, violations of gaming laws and regulations - and it further prevents payouts to a player located in any jurisdiction in which Internet gaming is illegal.
PRODUCT DEVELOPMENT
In July 1998, CyberLink Monetary System began the development of the CMS Debit Card. WINR anticipates that CyberLink Monetary System will provide the CMS Debit Card for use in the Company’s Gaming System and other e-commerce operations. This card will function similar to other bank cards, allowing the user to conduct financial transactions on the Internet. Winners Internet Network intends to provide a means for complete accounting of all transactions for either its Internet gaming or other e-commerce transactions.
In February 1999, WINR entered into a licensing agreement with iChargeit, located in Huntington Beach, California. iChargeit intends to create global shopping cybermalls and has agreed that Winners Internet Network will have the exclusive right to process charge card activity for its cybermalls. The Company anticipates that iChargeit will provide a means for merchants to open an Internet storefront using the iChargeit Global Storesonline suite of services. Merchants will open a debit account with the CyberLink Monetary System and then be able to receive payments for their store’s e-sales in the currency of their choice and also able to accept payments in other currencies through the CMS Debit Card, once launched.
iChargeit completed Phase I of its development plan when it established the iChargeit Global Storesonline website in March 1999. WINR is currently in the process of opening an Internet portal between Winners Internet Network and iChargeit, which will allow the Company to process the financial transactions for Shopping Downtown and a yet unnamed online auction site.
DISTRIBUTION
Winners Internet Network markets its services and products through software licensing agreements with distributors and casinos and sports books. The Company currently has four software license agreements and two distributor agreements.
WINR’s license agreement allows the licensee the non-exclusive right to process data by using the Company’s software and also allows the licensee the right to load, use and copy the software. The license may allow single or multiple processor, single or multiple site or a national license that is a licensed domicile. The licensing agreement requires that the licensee not have a criminal record, that the software be regarded as secret and confidential, and that it shall remain in the licensee's effective control - the licensee is also required to sign a confidentiality agreement. The license fee is a one-time fee of $50,000 with a yearly renewal fee for a license at $20,000 for maintenance of the license, which includes all upgrades and/or new versions of Winners Internet Network’s software to meet industry technical and graphic advances.
The Company offers two types of programs to its licensees: the full program and the wager-in-only program. The full program assesses a 5.5% fee for processing-in, which is the transfer of money from a player's debit account to the licensee's gaming site. The full program also includes a 2.5% fee or a $5.00 fee for withdrawals from the licensee's gaming site back to the player's debit account, including payouts to winners. The wager-in-only program assesses a 6.5% fee for the transfer of money from a player's debit account to the licensee's gaming site. During 1999, WINR generated $1,744,878 in revenues from the processing fees for its licensing agreements.
Winners Internet Network presently has two software distributor agreements that grant the distributor the right to distribute the Gaming System in a specific territory. The Company must approve all licenses and the distributor agrees to promote WINR’s product and good reputation. The distributor is not the Company’s agent and the license cannot be assigned. The commission structure is 25% of the paid and collected licensing fees and net processing fees.
WINR’s two distributors own the territorial marketing rights for the Company’s software license in Australia, New Zealand and the Caribbean. In December 1998, Vaudeville Holding, Inc. became a licensed distributor with the rights to sell the Gaming System in the Caribbean, encompassing Antigua-Barbuda, Aruba, the Bahamas, Belize, Costa Rica, Dominica, Dominican Republic, Granada and St. Kitts. Vaudeville Holdings began its second year of online processing with Winners Internet Network and currently manages seven gaming websites. In December 1998, the Company entered into a software distributor's licensing agreement with Kenneth Hense. This agreement granted Mr. Hense the exclusive right to sell WINR’s Gaming System in Australia and New Zealand.
SUPPLIERS
Winners Internet Network relies on four suppliers for computer equipment and training. Computerhaus Gaechter, located in Feldkirch, Austria, supplied 74.7% of the Company’s computer equipment in fiscal 1998. Data Consultants, located in St. Augustine, Florida, supplied an additional 14.6% of such equipment and CompUSA, located in Jacksonville, Florida, supplied 6%. Secure It 5550, located in Norcross, Georgia, supplied computer secure systems representing 4.6% of WINR’s computer equipment.
MANAGEMENT
David C. Skinner, Jr, president, chief executive officer, treasurer and director, previously managed Skinner, Varney & Associates, a tax and business consulting firm. His background also includes work with Grand Holiday Casino of Aruba, where he managed the payout structure for an international sportsbook. Mr. Skinner also worked at the video gaming device manufacturer Enterprise Distributors, Inc. and served as president of Caribbean Palace, Inc. (Club Casablanca) of Myrtle Beach, South Carolina.
Charles E. Scott, vice president and chief technical officer, began his career as the office administrator at Skinner, Varney & Associates. He was also formerly with Telephone Information System Services in Curacao, where Mr. Scott designed and implemented secure Internet and intranet access to multiple sportsbooks. He received a bachelor’s degree in computer information systems from Florida State University.
Ronald Oehri, director, is chief executive officer of Quality Net AG, which provides Internet marketing services. He is currently and has been the CEO of the ISP SupraNet AG and of the trading company Koro AG.
EARNINGS PROJECTIONS
Stockreporter estimates the following projections to be very realistic and achievable given WINR’s current operations and aggressive diversification strategy – as well as the explosive nature of the Internet gaming industry and the burgeoning demand for secure online financial transactions throughout the e-commerce marketplace.
Revenues:
Year 2000: $18 million
Year 2001: $25 million
Year 2002: $35 million
Net Income:
Year 2000: $4.5 million
Year 2001: $6.3 million
Year 2002: $8.8 million
Management estimates that WINR will have approximately 15 million shares outstanding for the year 2000 (8,608,034 restricted shares and 6,509,671 shares in the free float). Based on these forecasts, we project the following earnings per share.
Earnings Projection per Share:
Year 2000: $0.30
Year 2001: $0.42
Year 2002: $0.59
EVALUATION AND OUTLOOK
Following these projections and calculations, Stockreporter conservatively expects $0.30 earnings per share for the year 2000. We therefore set our share price target to $12 for the year 2000 at a PER of 40, which we believe is conservative since Winners Internet Network is leveraging its established banking relationships and proprietary online financial transaction software to expand its business operations beyond Internet gaming to the overall e-commerce industry and since comparable high-tech companies on Nasdaq (where we expect WINR to be listed in the next few months) are trading at an average PER of more than 70. So we believe WINR’s shares are drastically undervalued at a current price of $2.50 per share.
Share Price Targets:
Year 2000: $12
Year 2001: $16.80
Year 2002: $23.60
Rapid corporate growth momentum over the last few months at Winners Internet Network was clarified for investors with the Company’s November 1999 software processing update. This development was extremely exciting for WINR with the announcement that the Company was launching its processing of credit cards in U.S. dollars for the majority of its customers, and with the expectation of adding the Euro to Winners Internet Network’s credit card processing during 2000.
WINR also reported that it was adding a new withdrawal feature for its vendors, which are now able to send checks and wires, and also able to refund credit cards directly from their businesses to the customer through the Company’s system; the vendors will also be able to deposit the customer's money in his or her WINR account. This added versatility gives the vendor the opportunity to cover the costs of the transactions directly for their customers.
The WINR's Membership Program gives the customer added benefits in using the Company’s program. The Silver Membership is given after the customer has completed their first deposit. The Gold Membership is earned when the customer sends the WINR Security Information and signature to Winners Internet Network. Silver Membership benefits include depositing up to $500 per week and Gold Membership benefits include depositing more than $500 per week. WINR intends to add more features to the Membership Program throughout the year 2000.
Then in mid-December, WINR announced that it renewed the contract with its first operator – Vaudeville Holding, Inc., which began its second year of online processing with WINR. Vaudeville Holding includes the following websites: www.bookiescafe.com, www.activegaming.com, www.wagertv.com, www.nudegaming.com, www.rocknrollcasino.com, www.casinocafe.com, www.tvcasino.com. These sites have been an integral part of the WINR operation since the Company’s inception.
After filing its 10-SB with the Securities and Exchange Commission on December 27th, Winners Internet Network is now a fully reporting company.
Given all of the foregoing, Stockreporter concludes that WINR’s current stock price of $2.50per share represents a very attractive buying opportunity for investors looking to profit from the explosive Internet gaming and e-commerce financial transaction markets. Investors have the potential to achieve superior returns due to WINR’s expanded presence within the investment community, resulting from its December 1999 10-SB filing, and the Company’s aggressive diversification strategy to leverage its advanced software and established banking relationships in lucrative sectors throughout the e-commerce industry. These distinct and sustainable advantages are expected to result in tremendous and rapid stock price appreciation in both the near and long term. For all of these reasons, Stockreporter is confident that WINR’s shares will rapidly appreciate from today’s undervalued levels and will offer investors some of the greatest profit opportunities in the small-cap arena over the short, medium and long term.
For information concerning the compensation received for the preparation of this report and other disclosures, see
Important Disclaimer and Disclosure Statement
Stockreporter Announces Investment Opinion on Winners Internet Network, Inc.
ST. AUGUSTINE, Fla., Jan 31, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12729349
(COMTEX) B: Stockreporter Announces Investment Opinion on Winners Int
B: Stockreporter Announces Investment Opinion on Winners Internet Network, Inc.
ST. AUGUSTINE, Fla., Jan 31, 2000 (BUSINESS WIRE) --
Stockreporter Begins Coverage Of Winners Internet Network, Inc.
(WINR) With a Strong Buy Recommendation and a Conservative Year 2000
Price Target of $12 Per Share
Winners Internet Network, Inc. (OTC BB: WINR) today received a strong
buy recommendation from Stockreporter, a leading European financial
Internet publication located at www.stockreporter.de. Stockreporter
specializes in the coverage of micro-cap stocks and undervalued OTC and
BB companies. The successful Stockreporter team is one of the first
independent analysts to begin coverage of Winners Internet Network and
release an investment opinion.
Stockreporter began coverage with a conservative target price of $12
per share for the year 2000, thus indicating tremendous potential from
a current price of $2.50 per share for investors to generate above
average returns in the short, medium and long term.
Winners Internet Network services the explosive Internet gaming
industry with advanced and secure online financial transaction
software. This profitable company is pursuing accelerated revenue and
earnings growth through the diversification of its business offering.
WINR will achieve this goal by marketing and developing the Company's
proprietary Internet financial transaction software to a broad range of
vendors operating throughout the e-commerce industry.
"Building upon a profitable business of providing secure online
financial transaction software to the Internet gaming industry, Winners
Internet Network is expanding its operations and leveraging its
established banking relationships to service vendors throughout the
e-commerce industry," stated Torsten Prochnow from Stockreporter. "In
doing so, we expect WINR to rapidly generate substantial new revenue
streams and to dramatically improve profits beyond the impressive $0.07
EPS reported for the first nine months of this year."
"Early investors are therefore expected to generate superior returns
from Winners Internet Network's rapid top- and bottom-line
improvements, coupled with the Company's expanded product offering and
growing client base of e-commerce vendors," Prochnow continued. "We
advise our readers to establish an early and solid position in WINR and
forecast a conservative year 2000 target price of $12 per share."
NOTICE
All Stockreporter recommendations are made on an unsolicited basis.
The complete WINR recommendation and additional information (e.g.
forthcoming interviews with the CEO and the President) can be accessed
on Stockreporter's website at www.stockreporter.de, which is currently
the #1 micro-cap and OTC BB site in Europe, especially in Germany. The
site is completely available in both the German and English languages.
Stockreporter meticulously and independently selects the companies that
are candidates for a buy recommendation and which are featured on the
Stockreporter website.
Stockreporter.de is a service rendered by World of Internet.com AG,
Germany. All statements and expressions, especially the evaluations and
outlooks on companies, are the opinion of Stockreporter.de and are not
meant to be a solicitation or recommendation to buy, sell or hold
securities. The information that Stockreporter.de relies on is
generally provided by the company featured in the analysis and may also
include information from outside sources, as well as research and
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research on the featured companies, e.g. check the company's filings
with the Securities and Exchange Commission (SEC) located at
http://www.sec.gov, before entering into an investment regarding a
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Investments in the companies analyzed should be considered to be
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evaluation provided is at the investor's sole risk. It has to be noted
that investing in Micro-Cap or Small-Cap securities is highly
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companies provided in this publication is made as of the date
mentioned; such information is subject to change without notice.
Although the information about featured companies is obtained by
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provided.
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Specific information on compensation received by Stockreporter.de is
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Stockreporter.de. Stockreporter.de adopted a policy not to engage in
any trading activity in the shares of companies evaluated and
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Stockreporter at any time. We are very interested in maintaining close
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Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Stockreporter
Mr. Dennis C. Hass +49-172-4062621
Mr. Torsten Prochnow +49-172-4031383
contact@stockreporter.de
www.stockreporter.de
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: INVESTMENT
OPINION
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. And WorldLink International N.V. Commence Operations.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Jan. 25, 2000.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12671590
(BSNS WIRE) Winners Internet Network, Inc. And WorldLink International N
Winners Internet Network, Inc. And WorldLink International N.V. Commence
Operations
Business Editors
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Jan. 25, 2000--
David C. Skinner, Jr., President and CEO of Winners Internet
Network, Inc. (OTCBB: WINR), www.winr.net, announces the
commencement of operations with WorldLink International N.V.
(WorldLink), a worldwide raffle, http://www.worldwideraffle.com
WorldLink announces that they have finalized licensing and
operational agreements with the Rassel Group, developers of "World
Wide Raffle". World Wide Raffle is unique world over; there is no
other drawing like it on the planet! Other drawings don't even come
close to matching the winning possibilities of World Wide Raffle! No
other drawing has so many prizes and so many chances to win with just
one ticket anywhere in the world. There are 1,873 drawings per raffle,
and one (1) ticket enters the ticket holder in each and every drawing
for one full year. That's less than 20 cents (0.20) per chance for
each winning draw. World Wide Raffle gives the ticket holder the best
odds at winning a Million dollars of any game in the World*. Read all
about World Wide Raffle at http://www.worldwideraffle.com Tickets can
be purchased on their secure website.
An individual may even WIN MORE THAN ONE GRAND PRIZE! He/she has
the potential to win several times with just one ticket. There are no
special numbers an individual has to think of, no special combination
or sequence and no special Power Ball number along with the already
almost impossible to pick winning numbers. Winning tickets are drawn
from the tickets sold and everyone's chance of winning is the same. A
WINNER EVERY TIME, A WINNER EVERY DAY!!! All winning numbers will be
electronically drawn for security and accuracy. In order to safeguard
the integrity of the raffle, all winning numbers are audited by the
Reingold Company, an International accounting and auditing firm.
Difference between World Wide Raffle and other raffles... With
other raffles a ticket is drawn for one of the prizes being raffled.
Once the ticket is drawn and the winner is awarded the prize of that
particular drawing and the ticket is no longer in play, he/she is out
of the game. If the individual did not win the Grand Prize, he/she is
out of luck. However, with World Wide Raffle even if the individual is
the winner of a Grand Prize or any lesser Prize, the individual's
ticket stays in the pool of tickets for the next drawing. This happens
each time until the end of the raffle. The individual may even WIN
MORE THAN ONE GRAND PRIZE! The individual has the potential to win
several times with just one ticket.
Difference between World Wide Raffle and lotteries.... With a
lottery an individual has to pick a combination of winning numbers.
There are so many variables that an individual's odds of winning are
greatly increased. Example: Power Ball odds are 1 in 85,000,000 (85
million)* and odds increase with the amount of tickets sold. The odds
of getting hit by Lighting are only about 1 in a million. Another
difference, in a lottery if there is not a winning number for a
drawing, the operator of the lottery may keep the money for the
drawing and only roll a portion over to the next drawing. With World
Wide Raffle there has to be a WINNER EVERY TIME!! IN EVERY DRAWING!!
There are no special numbers an individual has to think of, no special
combination or sequence and no special Power Ball number along with
the already almost impossible to pick winning numbers. With World Wide
Raffle all an individual has to do is buy a ticket(s) and check the
winning numbers daily. Yes that's right, DAILY. Winning tickets are
drawn from the tickets sold, everyone's chance of winning is the same.
A WINNER EVERY TIME, A WINNER EVERY DAY!!!
The odds of winning a Million Dollars in World Wide Raffle are
approximately 1 in 3,194 and for a prize of $5,000 to $50,000 the odds
are 1 in 519. The choice remains simple -- if an individual wants the
best odds at winning a Million dollars, there is only one ticket for
him/her, "World Wide Raffle".
WorldLink International N.V. has several other licensing
agreements with the Rassel Group, which will bring many more unique
games of chance to the Internet. WINR will also be the exclusive
e-commerce service for these additional games and websites operated by
WorldLink. They are anticipating the start of their next website in
April 2000.
WINR announces that the World Wide Raffle is the first company to
utilize WINR's new e-commerce service eSwipe(TM). eSwipe(TM) is the
first service to come from WINR's e-commerce initiative. eSwipe(TM)
gives seamless processing of major credit cards to Internet companies.
- At the time of this statement, WorldLink International N.V.
believes this information to be true and correct.
WINR would also like to announce that for personal reasons Mr.
Chad Millward has resigned as the Secretary and Member of the Board of
Directors of WINR and is no longer affiliated with WINR.
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
--30--AJG/in*
CONTACT: World of Internet.com, AG, Hamburg, Germany
Torsten Prochnow, (011) 49-172-4031383
Dennis C. Hass, (011) 49-172-4031383
or
Columbia Financial Group, Inc.
888/301-6271
KEYWORD: FLORIDA
INDUSTRY KEYWORD: GAMING INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
BoardMark MemberMark Ignore Poster Report TOS Violation
WINR Update
Last 2 25/32
Chg. + 11/64
% +5.94%
Time 11:32:00
Detailed / Real-Time
Nasdaq delayed 15 minutes, 20 min. otherwise.
Winners Internet Network, Inc. Engages World of Internet.com, AG.
ST. AUGUSTINE, Fla., Jan 24, 2000 (BUSINESS WIRE).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12658466
(COMTEX) B: Winners Internet Network, Inc. Engages World of Internet.
B: Winners Internet Network, Inc. Engages World of Internet.com, AG
ST. AUGUSTINE, Fla., Jan 24, 2000 (BUSINESS WIRE) --
(OTC BB:WINR)
Winners Internet Network, Inc. (OTC BB: WINR) today announced that it
has engaged World of Internet.com, AG of Hamburg, Germany, as its
investor relations representative for Europe.
World of Internet.com, AG is one of Germany's leading investor
relations firms, specializing in the representation of small
developmental companies whose securities are trading on the NASDAQ
Bulletin Board Market in the United States and internationally. World
of Internet.com, AG is currently running and developing several
successful and important Web sites, including StockReporter.de,
BulletinBoard.de, InvestorRoadshow.com, SmallCapsConsulting.com,
OTCEurope.com, StreamingRealtime.com and CallYourBroker.com.
David C. Skinner, CEO & President of WINR, stated, "Upon reviewing
several investor relations firms I felt that due to the performance of
World of Internet.com, AG for other bulletin board companies I am
convinced we have engaged the best investor relations firm suitable for
our company and the European market. We believe that World of
Internet.com, AG will very effectively communicate the growing and
expanding story of our proprietary technology with its impact in the
global e-Commerce marketplace."
Torsten Prochnow, Chairman and CEO of World of Internet.com, AG, said,
"We are delighted to undertake the representation of Winners Internet
Network, Inc. and believe that it has one of the most exciting
technologies that we have discovered. We represent many high technology
bulletin board companies and we are convinced that this technology
truly has the capability of defining new standards in the e-Commerce
marketplace."
WINR is an on-line financial processing company that provides safe,
secure and confidential on-line financial transactions for its vendors.
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
For more information on Winners Internet Network, Inc. visit the
company's website at: http://www.winr.net.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: World of Internet.com, AG, Hamburg, Germany
Torsten Prochnow, (011)49-172-4031383
Dennis C. Hass, (011)49-172-4031383
or
Columbia Financial Group, Inc. 888/301-6271
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA INTERNATIONAL EUROPE
INDUSTRY CODE: INTERNET
BANKING
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. Announces Letter Of Intent With Swiss E-Commerce Group.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Jan. 21, 2000.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12636648
Winners Internet Network, Inc. Announces Letter Of Intent With Swiss E-Commerce Group
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Jan. 21, 2000-- (OTC BB:WINR)
David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (OTC BB: WINR), www.winr.net, announces a Letter of Intent with Swiss e-Commerce powerhouse.
WINR would like to announce that in cooperation with WINR, reseller SupraNet AG, a leading value-added ISP in Europe, has signed a Letter of Intent with Winner Market AG, Switzerland, and is scheduled to commence operations for online financial processing on February 15, 2000. Mr. Skinner states that he is excited about the cooperation with the group of companies belonging to Winner Market (winner.ch):
Job Winner AG Immo Winner AG Car Winner AG Auction Winner AG.
The Swiss e-Commerce Group, owned by TA-Media AG, the most successful media enterprise in Switzerland with daily newspapers, magazines, radio and TV stations, has chosen WINR's services after an in-depth evaluation. According to Winner Market-CEO, Jurg Grau, the WINR solution was selected because of its track record, efficiency, reliability and security. Mr. Grau stated, "We have found a lot of promises on the market, but we need instant availability and high quality."
WINR is an on-line financial processing company that provides safe, secure and confidential on-line financial transactions for its vendors.
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
CONTACT: Columbia Financial Group, Inc.
888/301-6271
Winners Internet Network, Inc. Files Its Form 10-SB Registration Statement.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Dec. 27, 1999.
http://www.ragingbull.com/mboard/boards.cgi?read=12648&board=WINR
Monday December 27, 10:29 am Eastern Time
Company Press Release
Winners Internet Network, Inc. Files Its Form 10-SB
Registration Statement
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Dec. 27, 1999--David C. Skinner, Jr., President and CEO of Winners
Internet Network, Inc. (OTC BB:WINR - news), www.winr.net, announces that WINR's Form 10-SB has been filed.
WINR has filed its Form 10-SB Registration Statement with the SEC and the document should appear on the EDGAR Archive
site located @ www.sec.gov within 48-72 hours depending on their holiday schedule.
WINR would like to also wish everyone a safe and happy holiday season. In honor of the holidays, its corporate offices in
Florida will be closed and will reopen on Monday, January 3, 2000.
Information contained in this news release other than historical information should be considered forward-looking and is subject
to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve
risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other
factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
Winners Internet Network, Inc. Breaks Down First Through Third Quarter 1999 Unaudited Pre-tax Earnings.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Dec. 20, 1999.
http://www.ragingbull.com/mboard/boards.cgi?read=12647&board=WINR
Monday December 20, 12:09 pm Eastern Time
Company Press Release
Winners Internet Network, Inc. Breaks Down First
Through Third Quarter 1999 Unaudited Pre-tax
Earnings
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Dec. 20, 1999-- (OTC BB:WINR - news)
David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (OTC BB:WINR - news), www.winr.net,
breaks down first through third quarter 1999 unaudited pre-tax earnings.
For the purpose of alleviating any confusion concerning the first and second quarter unaudited pre-tax earnings for WINR, Mr.
Skinner provides below a breakdown of the first, second and third quarter unaudited pre-tax earnings along with the cumulative
results thereof. The first quarter report along with the second and third quarter cumulative figures are taken from the unaudited
financial statements prepared for WINR by its Certified Public Accountant.
1st Qrtr. (Jan. - March 1999)
-----------------------------
Total Revenue $ 249,332
Total Expenses 135,262
---------
Net Profit $ 114,070
---------
Net Profit Per Share
Common Stock $ .01
---------
2nd Qrtr. (April - June 1999) 2nd Qrtr. Cumulative (Jan. -
----------------------------- June 1999)
----------------------------
Total Revenue $ 559,933 Total Revenue $ 809,265
Total Expenses 136,047 Total Expenses 271,309
--------- ---------
Net Profit $ 423,886 Net Profit $ 537,956
--------- ---------
Net Profit Per Share Net Profit Per Share
Common Stock $ .03 Common Stock $ .04
--------- ---------
3rd Qrtr. (July - Sept. 1999) 3rd Qrtr. Cumulative (Jan. -
----------------------------- Sept. 1999)
------------------------------
Total Revenue $ 717,512 Total Revenue $1,526,777
Total Expenses 234,386 Total Expenses 505,695
--------- ----------
Net Profit $ 483,126 Net Profit $1,021,082
--------- ----------
Net Profit Per Share Net Profit Per Share
Common Stock $ .03 Common Stock $ .07
--------- ----------
Mr. Skinner would like to apologize for any confusion that might have been caused with any previous release of WINR's
revenues and earnings. The above is an actual breakdown of the first, second and third quarters of 1999 and should provide
clarification for any misunderstandings or confusion.
Mr. Skinner would also like to ask that if any shareholder of WINR would like to receive periodic updates from WINR to
please forward his/her e-mail address to accounts @winr.net. This will enable WINR to provide improved communication with
its shareholders.
Winners Internet Network, Inc. Renews Contract With First Operator.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Dec. 16, 1999.
http://www.ragingbull.com/mboard/boards.cgi?read=12644&board=WINR
Winners Internet Network, Inc. Renews Contract With
First Operator
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Dec. 16, 1999-- (OTC BB:WINR)
David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR), www.winr.net, announces contract
renewal.
WINR would like to announce that its contract with Vaudeville Holding, Inc. is now beginning its second year of on-line
processing with WINR. On December 14, 1998, WINR commenced operations and began processing with its first contract,
Vaudeville Holding, Inc.
Mr. Skinner states that he is excited to continue WINR's second year with Vaudeville Holding, Inc. which includes the web
sites of:
www.bookiescafe.com
www.activegaming.com
www.wagertv.com
www.nudegaming.com
www.rocknrollcasino.com
www.casinocafe.com
www.tvcasino.com
These sites have been an integral part of the WINR operation since WINR's inception and WINR looks forward to its ongoing
relationship with these companies.
WINR is an on-line financial processing company that provides safe, secure and confidential on-line financial transactions for its
vendors.
Information contained in this news release other than historical information should be considered forward-looking and is subject
to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve
risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other
factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
Winners Internet Network, Inc. Releases Third Quarter and 9-Month Unaudited Pre-Tax Earnings Report.
ST. AUGUSTINE, Fla., Dec 1, 1999 (BUSINESS WIRE)
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=12152829
(COMTEX) B: Winners Internet Network, Inc. Releases Third Quarter and
B: Winners Internet Network, Inc. Releases Third Quarter and 9-Month Unaudited
Pre-Tax Earnings Report
ST. AUGUSTINE, Fla., Dec 1, 1999 (BUSINESS WIRE) -- David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc. (OTC BB: WINR)
announces WINR's third quarter and year-to-date earnings.
Through the third quarter of 1999 WINR has earned $.07 per share
(unaudited pre-tax) with a breakdown of revenues forwarded from WINR's
Certified Public Accountant as follows:
Total Revenue (9 months) $1,526,777
Total Expenses 505,695
Net Profit $1,021,082
Net Profit Per Share Common Stock $ .07
Weighted Average Shares Outstanding 15,127,705
The unaudited pre-tax Net Profit Per Common Share earnings of WINR is
as follows:
First Quarter 1999 $ .01
Second Quarter 1999 .03
Third Quarter 1999 .03
Total Cumulative Net Profit Per Common Share
through September 30, 1999 $ .07
Further, Mr. Skinner announces that his "CEO Interview" with the Wall
Street Transcript was released and published in their November 15, 1999
issue.
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Columbia Financial Group, Inc., 888/301-6271
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: INTERNET
EARNINGS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. Announces Status On Form 10-SB Registration Statement.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 19, 1999.
http://www.ragingbull.com/mboard/boards.cgi?read=8509&board=WINR
Winners Internet Network, Inc. Announces Status On Form 10-SB Registration
Statement
Business Editors
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 19, 1999--
(OTC BB:WINR)
David C. Skinner, Jr., President and CEO of Winners Internet
Network, Inc. (WINR) announces the status on the filing of the Form
10-SB Registration Statement.
The Form 10-SB Registration Statement for WINR is in process.
WINR received an additional information request from counsel during
the afternoon of November 18, 1999 and WINR plans to have this
additional paperwork completed within the next 48 hours for immediate
submission to counsel. WINR plans to have the filing of this
Registration Statement completed by the end of this year.
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
--30--jlm/in*
CONTACT: Columbia Financial Group, Inc.
888-301-6271
KEYWORD: FLORIDA
INDUSTRY KEYWORD: INTERNET GAMING
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
?Winners Internet Network, Inc. Announces Software Processing Update.? (I don?t know what the real headline said b/c it wasn?t included in the linked post, so I made this one up).
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 15, 1999.
http://www.ragingbull.com/mboard/boards.cgi?read=8264&board=WINR
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 15, 1999--David C.
Skinner, Jr., President and CEO of Winners Internet Network, Inc. (OTC
BB:WINR) announces software processing update.
WINR will be launching its processing of credit cards in USD
(U.S. Dollars) for the majority of its customers. Residents of
Switzerland and those with credit cards from Switzerland and
Liechtenstein will still use the Swiss Franc (CHF) for their
processing.
Additionally, WINR is anticipating the addition of the Euro to
its credit card processing in the next year. All cards processed in
USD will be charged a 2% service charge in lieu of the currency
conversion that was charged for processing in CHF although some
vendors may pick up the charge themselves.
WINR will also be adding a new withdrawal feature for its
vendors. The vendor will be able to send checks and wires, and refund
credit cards directly from their businesses to the customer through
the WINR's System. The vendors will also be able to deposit the
customer's money in the customer's WINR's account if the customer so
chooses. This added versatility gives the vendor the opportunity to
cover the costs of the transactions directly for their customers.
The WINR's Membership Program gives the customer added benefits
in using the WINR's Program. The Silver Membership is given after the
customer has completed their first deposit. The Gold Membership is
earned by the customer sending the WINR Security Information and
signature to WINR. Silver Membership benefits include depositing up to
$500 per week and Gold Membership benefits include depositing more
than $500 per week. WINR anticipates the Membership Program to add
more features in the next year!
David C. Skinner, Jr. would like to state that WINR has provided
all the information for its Form 10 filing and has been working with
its legal counsel in order to have this documentation filed with the
Securities Exchange Commission. Mr. Skinner would like to restate that
through the second quarter of 1999 WINR had total revenues of $809,265
with a net profit per common stock of $.04, and once its Form 10 has
been filed WINR will be releasing its revenues through the third
quarter of 1999.
In addition, it has come to Mr. Skinner's attention that there
are "rumors" circulating that WINR does not own its processing
software. Mr. Skinner wants to state that WINR has developed this
proprietary software through its programming staff and the processing
software that WINR has developed is owned 100% by WINR. WINR has
agreed to license the software to CyberLink Monetary Systems to be
used exclusively for an Internet Bank but the ownership of the
processing software has been developed exclusively by WINR and,
in turn, is owned exclusively by WINR.
Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.
WINNERS INTERNET NETWORK, INC. WELCOMES WORLDLINK INTERNATIONAL N.V.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE) - September 22, l999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=11325154
WINNERS INTERNET NETWORK, INC. WELCOMES WORLDLINK INTERNATIONAL N.V.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE) - September 22, l999 - David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR) announces that a contract has been finalized with Worldlink International N.V.
WINR has finalized the contract negotiations with Worldlink International N.V. through its referral from Vaudeville Holding Inc.
Worldlink International N.V. is a worldwide raffle and WINR looks to begin processing for Worldlink within the next 30 days.
WINR wishes to welcome Worldlink International N.V. aboard and is proud to announce the addition of this fine operation. More details will be released once Worldlink comes closer to the commencement of operations.
Contact: The Columbia Financial Group, Inc. 888-301-6271.
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
Winners Internet Network, Inc. Welcomes Planet Poker.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 27, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=11084295
Winners Internet Network, Inc. Welcomes Planet Poker
Business Wire - August 27, 1999 09:41
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 27, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR) announces that it has commenced operations with Planet Poker (www.planetpoker.com).
WINR has begun processing online transactions for Planet Poker for their interactive card room. WINR signed an agreement with Planet Poker during July 1999 and has now commenced full operations. WINR will be providing its full financial services including use of its multi-currency processing along with making payments to Planet Poker's customers worldwide.
Planet Poker is an interactive card room that specializes in bringing poker enthusiasts together over the Internet allowing them to play against other poker players anywhere in the world. Poker playing at Planet Poker is a great way to enjoy the card room experience without the inconvenience of travel, second-hand smoke or intimidating patrons.
WINR wishes to welcome Planet Poker aboard, and is proud to announce the addition of this fine gaming operation which is immediately available to all WINR customers! With the addition of Planet Poker this will greatly enhance WINR's processing revenue and WINR anticipates stronger client growth.
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
CONTACT: The Columbia Financial Group, Inc.
888/301-6271
Winners Internet Network, Inc. Welcomes Casino Vega and Increases Processing Speed.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--August 13,1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10945021
Winners Internet Network, Inc. Welcomes Casino Vega and Increases Processing Speed
Friday August 13, 10:03 am Eastern Time
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--August 13,1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR) announces that it has commenced operations with Casino Vega (www.casinovega.com).
WINR has begun processing online transactions for Casino Vega for their Internet Casino. WINR signed an agreement with Casino Vega during July 1999 and has now commenced full operations. WINR will be providing its full financial services including use of its multi-currency processing along with making payments to Casino Vega's customers worldwide.
WINR wishes to welcome Casino Vega aboard, and is proud to announce the addition of this fine gaming operation which is immediately available to all WINR customers! With the addition of Casino Vega this will greatly enhance WINR's processing revenue and WINR anticipates stronger client growth.
On August 5, 1999, WINR moved its processing and programming facility to Ruggell, Liechtenstein. WINR moved into a new facility with its Internet service provider (ISP) Supranet and by doing this WINR now has increased its bandwidth which brings the availability of more users and faster downloading of the WINR site. WINR also commenced using a new online credit card approval system which will improve its processing times dramatically.
Additionally, at the Annual Shareholders' Meeting for WINR held in Liechtenstein on July 28, 1999, the following Board of Directors was elected for a one-year period:
David C. Skinner, Jr. Chad A. Millward Ronald Oehri
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
--------------------------------------------------------------------------------
Contact:
Columbia Financial Group, Inc.
888/301-6271
Winners Internet Network, Inc. Announces Status of Form 10 Registration Statement.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 13, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10945005
Winners Internet Network, Inc. Announces Status of Form 10 Registration Statement
Friday August 13, 9:01 am Eastern Time
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 13, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR) releases the following information in response to the inquiries with legal counsel concerning the status of filing WINR's Form 10 registration statement.
Many contacts have been received by WINR directly and/or through its public relations firm wanting to know the current status of this filing. WINR, in-turn, contacted its representatives who are handling this filing through to completion. A written response has been received by WINR in answer to its inquiries and the correspondence is quoted below verbatim:
''You have contacted this office regarding the status of the Form 10 registration statement for Winner's Internet Network, Inc. (the ''Company''). We have received the Company's responses to our initial information requests and we are working to compile that information. Based on our current work load, and additional information required from other sources, we anticipate completing the Company's Form 10 by the end of October 1999, if not before.
''If we are successful in filing the Form 10 by October 1999, the registration statement will become effective within sixty days and the Company will be required to begin filing quarterly and annual reports with the Securities and Exchange Commission after that effective date. We hope this clarifies the status of the Company's Form 10.''
To clarify, WINR's interpretation of the entire Form 10 filing procedure was slightly inaccurate. Legal counsel maintains that the disclosures and documentation necessary to file was received from WINR in a timely manner to complete the filing in October as scheduled. A final audit and additional paperwork required is in the process of being completed. However, previously released earnings and revenues are entirely accurate and the filing was not delayed for any reason other than miscommunication with legal counsel and WINR's regrets any issues this has caused with shareholders. WINR's is moving forward with this filing and the NASDAQ application in an expeditious manner and will keep the financial community abreast of the status of each of these.
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
--------------------------------------------------------------------------------
Contact:
Columbia Financial Group, Inc., 888/301-6271
iChargeit Inc. and the Winners Internet Network Prepare to Launch ShoppingDowntown.com
HUNTINGTON BEACH, Calif., Jul 22, 1999 (BUSINESS WIRE via COMTEX).
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10609133
(COMTEX) B: iChargeit Inc. and the Winners Internet Network Prepare t
B: iChargeit Inc. and the Winners Internet Network Prepare to Launch
ShoppingDowntown.com
HUNTINGTON BEACH, Calif., Jul 22, 1999 (BUSINESS WIRE via COMTEX) --
-Site to offer Secure Global Shopping-
iChargeit, Inc. (OTC BB:ICHG) today announced that the Company
through its strategic alliance with The Winner's Internet Network (OTC
BB:WINR) and Cyberlink Monetary Trust has begun development of the
ShoppingDowntown.com Website.
This portal will link shoppers to some of the most highly visited sites
on the Internet. Additionally, visitors will be able to create their
own web stores through surfcitymall.com which will be linked directly
to the ShoppingDowntown Site and Directory. Utilizing state of the art
technology and the completely secure transaction processing supplied by
Winners Internet Network, participants will be able to open their own
virtual stores within hours. Each store will benefit from 24/7 access
and ShoppingDowntown.com will provide a user friendly store directory,
to make online shopping easier. The Company anticipates Phase 1
Deployment to be completed shortly.
Jesse Cohen, President and CEO of iChargeit stated, "The Internet
continues to expand in the total number of users and e-commerce has
become a vital component of the economy. IChargeit's management
anticipated the growth of e-commerce and the Company looks forward to
producing and deploying one of the best online shopping portals
available."
Statements made in this news release that relate to future plans,
financial results, market growth and other projections, events or
anticipated results are 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. Actual results
may differ materially due to a variety of factors including competitors
with more resources available to them.
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: iChargeit Inc., Huntington Beach
888/815-4390
or
Investors:
DeMonte Associates, New York
Cynthia DeMonte or Sean Leous, 212/473-3700
cdemonte@demonte.com
WEB PAGE: http://www.businesswire.com
GEOGRAPHY: CALIFORNIA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
INTERACTIVE/MULTIMEDIA/INTERNET
PRODUCT
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
Winners Internet Network, Inc. Releases 300% Increase in Earnings.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 21, 1999.
http://www.ragingbull.com/mboard/boards.cgi?read=8057&board=WINR
Winners Internet Network, Inc. Releases 300% Increase in Earnings
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 21, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (WINR), announces WINR's second quarter earnings.
WINR received its second quarter interim financial statements from its independent auditors this day reporting the following:
Total Revenue $809,265
Total Expenses 271,309
Net Profit $537,956
Net Profit Per Common Stock $ .04
Weighted Average Shares Outstanding 14,898,551
The Net Profit Per Common Stock earnings increased from $.01 reported on WINR's first quarter interim financial statements to $.04 as reported above on WINR's second Quarter interim financial statements. This is a Net Profit increase of 300%.
Winners Internet Network, Inc.Announces Two New Gaming Contracts.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 14, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10499827
Winners Internet Network, Inc.Announces Two New Gaming Contracts
July 14, 1999 08:59 AM
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 14, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc., WINR, would like to announce that on July 13, 1999 WINR has signed two new casino contracts through its agent Access World.
WINR has reached agreements with two separate and unique gaming companies.
The first Licensee www.planetpoker.com is an interactive card room. They specialize in bringing poker enthusiasts together over the Internet allowing them to play against other poker players anywhere in the world. Poker playing at Planet Poker is a great way to enjoy the cardroom experience without the inconvenience of travel, second-hand smoke or intimidating patrons. They have been in operation since January 1998 and are currently working with the WINR technical staff to begin processing their transactions with the WINR safe, secure and confidential online processing system. It will take approximately 10-15 days from the date of the signed agreement before WINR will begin their processing.
The second Licensee www.casinovega.com is a recently developed interactive online casino. It was developed to allow players from around the world to play games such as black jack, craps and bingo interactively with other players, as well as other popular casino games like video poker, slot machines, roulette and baccarat. They are also working with the WINR technical staff to begin processing their transactions with the WINR safe, secure and confidential online processing system. It too will take approximately 10-15 days from the date of the signed agreement before WINR will begin their processing.
With the signing of these two new contracts WINR receives licensing revenues of $50,000 and will begin generating processing revenues in approximately 10-15 days.
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
WINR's Responds to Shareholder Questions.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)-- July 9, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10443609
Friday July 9, 12:22 pm Eastern Time
Company Press Release
WINR's Responds to Shareholder Questions
http://biz.yahoo.com/bw/990709/fl_winners_1.html
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)-- July 9, 1999--Winner's Internet (OTC BB:WINR) recently postponed their conference call to July 15th at 4 p.m.
In response to recent inquiries to WINR's, David Skinner Jr. has prepared a preliminary written response to several investor questions, which are posted on www.winr.net in the Press section.
These questions were answered as thoroughly as time permitted and will be addressed in greater detail next week on the conference call. Any additional or follow-up questions to the statements posted on the site may be directed to CFG and will be asked on the conference call.
Information contained in this news release other than historical information, should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
WINNERS RESCHEDULES CONFERENCE CALL.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)-July 6, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=14173878
BUSINESS WIRE: WINNERS RESCHEDULES CONFERENCE CALL
Business Wire ; 06-Jul-1999 04:10:59 am
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)-July 6, 1999--Due to traveling associated with the expansion of Winners Internet Network, Inc. (OTC BB:WINR), it is necessary to reschedule the conference call originally scheduled for July 7, 1999 at 4:00 p.m. eastern/daylight time.
David Skinner Jr. will now be available to answer questions all questions related to Winners Internet on July 15, 1999 at 4:00 p.m., and all details to access the conference call are identical to those of the original conference call.
Winners Internet Network Schedules Conference Call for Analysts.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 29, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10313784
Winners Internet Network Schedules Conference Call for Analysts
June 29, 1999 10:51 AM
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 29, 1999--WINR's Internet Network, Inc. WINR would like to announce that they recently established a new Internet lottery with Winalottery.com. This will help create additional revenue and earnings for WINR's going forward.
Winalottery.com has a new futuristic theme and numerous new features such as improved software, a customer transaction history feature, past lotto draws, automated withdrawal, news page, love connection area, casino links, scrolling recent winners, and much more still to come. The games have been improved as well to create even more winners! Their development team is currently working on several new games that will be available through the WINR's system in the near future. "We see this as another advancement of WINR's system", says CEO Dave Skinner, Jr.
WINR's recently announced that they are establishing a portal that will allow utilization of their newly developed software to process all types of secure financial transactions over the Internet including e-commerce and online trading. They are currently receiving 300-400 new applications each month and are working to bring up many new facets of the system during the third quarter. This will allow the company to grow much faster and be the online presence that has been anticipated.
To handle all the inquiries and answer many of the questions that recent announcements have created, WINR's has decided to hold a conference call at 4:00 p.m. eastern time on July 7, 1999. Topics to be discussed include revenue, earnings, status of contracts and the breakdown of the new business model, as well as a general look into what investors can expect in the upcoming months. Brokers and investors are also encouraged to participate. Details to access the conference call can become obtained by calling CFG at the number below.
Information contained in this news release other than historical information, should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
Winners Internet Network, Inc. Releases The Secretly Developed Internet Banking Software And Has Contracted For Its Exclusive Use With A Liechtenstein Company.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 24, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=10256395
Winners Internet Network, Inc. Releases The Secretly Developed Internet Banking Software And Has Contracted For Its Exclusive Use With A Liechtenstein Company
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 24, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc. (OTC BB:WINR), and DDr. Reinhard Proksch, the Managing Director of CyberLink Monetary Systems, Est., Vaduz, Liechtenstein, have jointly announced the formal release of the Internet Banking Software developed by WINR in cooperation with CMS.
Both Mr. Skinner and DDr. Proksch have held this advancement under the confidential terms of the Secrecy and Confidentiality Agreement to protect the project. Dr. Peter Keppeler with GBR Ernst & Young in Basel, Switzerland, regarded as experts in Swiss Banking Standards, are an integral part of this overall development. The software offers the ability to have total security in processing and handling Internet Banking Transactions. This will include all traditional banking services in addition to expansion of worldwide banking related markets. According to DDr. Proksch, it is the intent for the CyberLink Group to move forward and obtain a banking license and utilize this software for the total back office processing and management of operations. It will be the first exclusive application for an Internet Bank in Europe. DDr. Proksch stated that he intends to vigorously pursue with colleagues the establishment of this bank for the sole purpose of Internet Banking with the initial base in Liechtenstein. It is also intended to expand the bank with offices in other EU jurisdictions as permitted. Dr. Keppeler has agreed to represent the bank in the application process based upon his years of success in this regard. Dr. Keppeler was instrumental in writing revisions to the Liechtenstein Banking laws and Mutual Funds. He further stated that what this means is that European Banking can be at the doorstep of every household in the world. It is expected that the Directors of the bank will be from major banks or related financial areas with the expertise needed to manage the banking services.
Under the terms of the agreement, WINR has sold its rights to the software but has retained 50% of the rights for processing. The terms will be that WINR and the CyberBank will be co-owners of the processing company to be called CyberLink Systems, Est. In addition, CyberLink Monetary Systems has agreed to relinquish 100% of their rights in the SecureNet-Plus Network to WINR and all processing for the financial network will be the exclusive property of WINR. It is the intention of this network to be supported by the CyberBank to coordinate the addition of financial companies as they relate to stocks, mutual funds, loans and other financial groups in the SecureNet-Plus Network. Processing revenues will be exclusive to WINR under this agreement and will include advertising on the sites for related services, processing fees as currently exist and other development costs for site enhancement and software services. WINR intends for this network to be a constant target market for those interested in financial related sites.
Mr. Skinner stated that this expansion gives the dimension to the software development of WINR that has been ongoing. Under the terms of the Secrecy Agreement, the software is a very in-depth adaptation to the processing software that has been tested in the Internet Gaming Industry. "Internet Banking Software has been our target market from the beginning," stated Mr. Skinner, "but we had to keep our progress and intention closely guarded. We want our shareholders to know that it has been very difficult for us under the terms of the Secrecy Agreement, but we can point to our most early statements that we were processing on the Internet and were not concerned with the Internet Gaming Regulations. In addition, we have been very concerned by attempts to copy our system or ideas. Even though our personal motto is 'Copied but not Duplicated,' we have seen companies that have attempted to use our terms and references on their site. We want to protect our ideas and vision until we are ready to move ahead. Our system has proven itself and now it is time for us to move forward. We will adhere to all rules and regulations as they develop, but it was decided that the software processing was the business that we are in. We feel that the potential for processing in the Internet Banking industry is endless and will give our company a very bright future. We do not plan on stopping with this development as we are continuing to tighten our software to be used in all forms of financial activity on the Internet. We feel that we have a product that is universal for adaptation in Internet Commerce. Banks are faced with huge costs to administer and create software for Internet Commerce. This allows for our software to be utilized by a bank and create branches worldwide for the most expeditious service. We are able to transact in all foreign currencies and have successfully demonstrated the strength of our processing ability. We have been adding experts in all necessary areas to strengthen our company. We expect to continue in this regard."
Although the quarter has not ended, Mr. Skinner stated that it is expected that bottom line earnings will be increased during this past quarter.
Information contained in this news release other than historical information should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
CONTACT: Columbia Financial Group Inc., St. Augustine
888/301-6271
Winners Internet Network, Inc. Announces Correction to Press Release of May 5, 1999.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 18, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=9593569
Tuesday May 18, 3:25 pm Eastern Time
Company Press Release
Winners Internet Network, Inc. Announces Correction to Press Release of May 5, 1999
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 18, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc., WINR, (OTC BB:WINR) has just announced a correction to its previous Press Release of May 5, 1999.
On Wednesday, May 5, 1999, it was stated in the last sentence of the 2nd paragraph of WINR's Press Release, ''To further supplement this news, we are forwarding the third and final phase of our application with the SEC to be a fully reporting company.''
This information was reported incorrectly and is corrected as follows: ''WINR is working with its counsel to create the document that will be filed with the SEC so that WINR can become a fully reporting company which will happen in a timely manner.''
Information contained in this news release other than historical information, should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
--------------------------------------------------------------------------------
Contact:
Columbia Financial Group, Inc., 888-301-6271
WINR/CMS Announce the Creation of a Worldwide Financial Market Network Known as ''The Plus Network''.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 18, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=9585173
Tuesday May 18, 10:37 am Eastern Time
Company Press Release
WINR/CMS Announce the Creation of a Worldwide Financial Market Network Known as ''The Plus Network''
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 18, 1999--David C. Skinner, Jr., President and CEO of Winners Internet Network, Inc., (OTC BB:WINR - news), has just announced major expansion of its software.
David C. Skinner, Jr., the CEO of WINR, and Dr. Reinhard Proksch, the Managing Director of the CyberLink Group in Vaduz, Liechtenstein, have jointly released the following information. ''We are pleased to announce that Dr. David C. Skinner, Sr. has just agreed to accept the advisory position as the Director of International Operations for CyberLink Monetary Systems, EST. (CMS) in Vaduz.'' David C. Skinner Jr. added that his father has had a long career in both government and private business spanning over thirty-five years. In addition, he has been a lecturer at major Universities in both Tax and International matters in addition to being an author of technical tax matters. He has formally agreed to take the position to coordinate the efforts between WINR and the CyberLink Group in Liechtenstein in order to facilitate the common goals and objectives of both companies. This appointment has the full endorsement and support of DR. Reinhard Proksch who is an advisor to the Board of Directors of WINR and the Managing Director of the CyberLink Group.
CyberLink has also announced the appointment of Mr. Mack M. Scoggins as an advisory member of the Board of Directors of CMS. Mr. Scoggins brings to WINR/CMS a lifetime background in loan portfolio management and credit administration in the banking industry. He began his career with the US National Bank Examiners serving in the Texas and Oklahoma Regions and continued on in banking holding Senior Management positions for the next 30 years. He recently retired from NationsBank and will offer his well-rounded banking knowledge to the WINR/CyberLink Group by bringing his banking and financial expertise into the following announced venture.
WINR has agreed to provide its proprietary software for Secure Internet Processing in coordination with the WINR/CMS foundation for a new Internet Network known as ''The Plus Network.'' The Plus Network will use the exclusive software as provided by WINR & CMS to be known as the SecureNet-Plus System. Initial framework has begun to make this a virtual foundation for Y-2 compliant and standardization for financial transaction E-Commerce throughout the world in all major currencies. The Plus Network will concentrate on providing the first ''Search Engine Free'' environment in the world financial market. The specific terms for the advancement of this technology has not been released under the terms of the Secrecy Non-Disclosure Agreement signed on February 7. Further, the terms and conditions for the joining of the two companies is in active negotiation and the specific terms will be released upon final approval and agreement. WINR/CMS are actively working with Liechtenstein's former Prime Minister LIC. IUR. Markus Buchel and one of the Big-6 International Certified Public Accounting Firms located in Zurich concerning these major advancements. The former Prime Minister who also was the Minister of Finance for Liechtenstein has agreed to actively participate with WINR/CMS to jointly pursue their forthcoming business objectives and alliance.
Agreement has also been reached with the major Internet provider in Liechtenstein to provide an expanded communications ability and to actively participate in the technical and developmental expansion of the Plus Network.
Mr. Skinner, Jr. also stated that WINR is going to continue to actively pursue the Internet Gaming Market in all legal jurisdictions. Mr. Skinner indicated that he wanted it fully understood that the company is not abandoning their goals and objectives in that market. The creation of an expanded software for the financial industry in E-Commerce is a totally separate function that has been branched from the existing software technology jointly developed with the CyberLink Group.
Information contained in this news release other than historical information, should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other factors discussed in this release. Accordingly, actual results may differ materially from those in any forward-looking statements.
--------------------------------------------------------------------------------
Contact:
The Columbia Financial Group, Inc.
888/301-6271
Winners Internet Network Announces 1st Quarter Earnings.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 5, 1999
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=9334937
May 05, 1999 12:00
Winners Internet Network Announces 1st Quarter
Earnings
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 5, 1999--David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc., (OTC BB:WINR) has
just announced the 1st quarter earnings along with information about the
Company's new direction.
The CEO of WINR, David C. Skinner, Jr., has unveiled the direction that has
been underway for the past three months. "On Feb. 7th we entered into an
Secrecy Non-Disclosure Agreement with the CyberLink Group in Vaduz,
Liechtenstein, but I have obtained permission to make certain disclosures
without affecting the continuing implementation of the business plan. The need
for the Secrecy Non-Disclosure Agreement will be evident upon the release of
specific details. First, however, I want to announce that we have just received
confirmation from our Certified Public Accountants that we completed our first
quarter of operations ending March 31st with a net profit per common stock of
$0.01. To further supplement this news, we are forwarding the third and final
phase of our application with the SEC to be a fully reporting company.
"In regard to the Secrecy Agreement, we have been authorized to make certain
statements in order to avoid speculation and rumor concerning our direction. I
feel that in the best interest of our shareholders we needed to make the
following information available. Fortunately, our European partners agreed to
this limited release. Everyone is aware of the effects that the Kyle Bill may
have on Internet Gaming in the US Market. Our experience has shown that
there is limited play from jurisdictions as compared to the US. As a result, I
directed my staff to focus on direction of E-commerce and as is evident in my
recent Board announcements it is a full sweeping change. Dr. Reinhard
Proksch was named as advisor as he is the Managing Director of the
CyberLink Group and brought his banking and finance expertise to the
company. We have upheld the highest standards in processing Internet
transactions and have been successful in working with credit card companies
in discovering and stopping Internet card fraud. We knew that our technology
was ahead of its time, but it was the testing over the past months that has
allowed us to implement and expand our business. Subsequently, I therefore
directed the resources of the company to pursue legal Internet Gaming, but to
tighten up our requirements for processing in that business. In addition, I
directed the resources of our company to work under the terms of the Secrecy
Non-Disclosure Agreement with all means at our disposal to implement these
new objectives and business ventures which are totally unrelated to gaming
and traditional Internet shopping."
Our next phase was to seek top government, business, financial and Internet
scholars in Europe to study, assist and eventually endorse our intentions. This
is a quote from one of the European Partners, a former minister of Finance,
who gives a glimpse of what is going to be unveiled. He states, "This
revolutionary concept is going to result in an explosion of commerce for the
European Community and in reality, the Globe. This radically different system
allows for the business communities including banking, insurance, brokerage,
commodities, and mutual funds to become part of this entire network. I am
honored to have become an integral part of this global endeavor. Our Secrecy
Agreement will not allow us to name this person, but he will be named as our
business plan is implemented." Mr. Skinner added, "We have also partnered
with the Internet Provider in Liechtenstein to provide the expanded network
capabilities that will be required with this system. We will be unveiling the
business plan and the principals in two separate stages," said Mr. Skinner,
"and all shareholders will know why this has become a very close and guarded
secret."
Winners Internet Network, Inc. Announces Enhanced Management Direction
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--April 14, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=8908902
Wednesday April 14, 9:45 am Eastern Time
Company Press Release
Winners Internet Network, Inc. Announces Enhanced
Management Direction
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--April 14, 1999--David C. Skinner, Jr.,
President and CEO of Winners Internet Network, Inc. (OTC BB: WINR), has just announced
the placement of additional key people to facilitate a major direction change.
Mr. Skinner stated that the company has successfully completed the first operational 90 days with the full implementation of its
processing technology. This was the beginning for its venture into the Internet for long range goals and objectives.
The company undertook a massive effort to be one of the first direct processors of Internet Transactions in world commerce in
Europe by providing the catalyst for transactions in all major world currencies.
Mr. Skinner stated that the system has successfully uncovered and tracked users of stolen, lost and false credit cards in different
areas of the world in cooperation with Visa and other Card Companies. Processing of the financial transaction is the key
according to WINR accomplishing its objectives. The WINR System will protect its vendors from being victimized with false or
stolen cards. WINR feels that its initial phases have adequately demonstrated the safeguards it initially represented.
WINR is now announcing the following additions to its capable staff in the USA and Europe. WINR has hired a System
Administrator formerly with the USAF with a top-secret clearance who had direct responsibility for satellite communication and
mainframe computer systems. He is an expert in systems and control for networking environments, is knowledgeable in four
languages and is relocating to Europe this month to become the Systems Director and to implement new changes to facilitate the
company's new goals and objectives.
In addition, WINR has hired a Computer Design and Graphics Manager for Europe who has an extensive background in
marketing and design to coordinate the company's new direction. This staff member will also relocate to the facilities in Europe.
Dr. Reinhard Proksch, a Fulbright Scholar with doctorates in both Information Systems and Law, has also agreed to become an
advisor for the Corporate Board of Directors. In addition to being the Managing Director of the CyberLink Trust, Dr. Proksch is
a founder of P&A Corporate Services and Mutual Fund Administrators in Europe and has offices in Vienna, London, Zurich and
Liechtenstein. Dr. Proksch is an Austrian native who is admitted to practice law in New York, Switzerland and Austria. He is
also a registered and licensed Asset Trust Manager. He is supplemented by coordinating the appointment of the CyberLink
Marketing Director for International Sales, Ms. Kimberly Stein, to the Board of Directors of Winners and Secretary of the
Corporation.
Ms. Stein stated that it is her goal to bring the Shopping Downtown site of CMS into reality with emphasis on the processing
coordination and the on-line shopping. She is very aggressive in establishing sites for women. Ms. Stein brings her expertise and
has obtained extensive command of the WINR European operations including systems, customer service and processing to
enhance the WINR shopping network.
Mr. Skinner said this reorganization of the Board is to provide the expanded vision of the company in the global market. Former
Board Members Kristine S. Coalson and Sandra K. Varney, who also served as Vice President/Secretary, have agreed to resign
in order to accommodate the new Board. Mr. Skinner thanked them for their dedicated and faithful service. They are vital and
well seasoned corporate employees who will be managing the home office administration and customer relations.
Mr. Skinner stated that WINR is targeting on-line trading including all forms of e-commerce. WINR feels that the industry has
categorized the company as a Casino. WINR is not a Casino and its emphasis is going to change with the staff the company has
put into place. WINR is now moving to become an on-line site provider. Dr. Proksch is going to guide WINR into on-line trading
with the financial and trust expertise he possesses and WINR will be shifting to different categories for Entertainment, Shopping
and On-Line Trading as well as other areas. Mr. Skinner said, ''We feel that in-house processing, which allows customers to feel
safe with their credit cards on the Internet will help develop our corporate image. The ability to accept and transfer deposits in
most world currencies and the collection and payment procedures offered by the CMS Western Union Quick Cash is a major
step towards fulfilling the aforementioned corporate goals.
Information contained in this news release other than historical information, should be considered forward - looking and is subject
to various risk factors and uncertainties. For instance, the strategies and operations of Winners Internet Network, Inc. involve
risks of competition, changing market conditions, changes in laws and regulations affecting these industries and numerous other
factors discussed in this release. Accordingly, actual results may differ materially from those in any forward - looking statements.
Contact:
Columbia Financial Group, Inc.
888-301-6271
CARDS: WEB WAGERING FIRMS TRY TO ENTICE BANKS
American Banker - USA ; 02-Mar-1999 01:01:29 am
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=14173883
CARDS: WEB WAGERING FIRMS TRY TO ENTICE BANKS
American Banker - USA ; 02-Mar-1999 01:01:29 am
The product may be touted as a "home ATM and smart card" or a "global debit card"- terminology that might pique any banker's interest and, perhaps, raise concern about competition.
But these are words being bandied about by companies in the Internet gambling business, which is of dubious legality in the United States.
Countless small companies have found ways to skirt domestic laws and let people wager on-line-on sporting events, casino-style games-even President Clinton's impeachment trial.
The firms work through banks and computer servers in other countries- many in the Caribbean-and get foreign merchant processors to help them accept MasterCard and Visa payments.
U.S. residents might be given a free bank account in the host country, which can be funded from afar with a debit card or credit card cash advance.
U.S. banks and transaction companies have turned their backs on this activity, but some overseas institutions have been more flexible. Barclays Merchant Services, a division of Barclays Bank PLC in London, is handling card transactions for at least one on-line casino operator.
In the United States, banks are more intent on figuring out how to support current merchant customers.
"Most banks wouldn't touch a gaming establishment," said Donna Embry, senior vice president of Vital Processing Services in Tempe, Ariz. "Add to it the Internet, and you have double jeopardy."
On-line casino operators are doing all they can to get U.S. banks and processors to play-and lend some legitimacy to these enterprises. That may help explain their adoption of common payment-system terminology, which could cause confusion about their status.
One Las Vegas company, which uses the name eConnect - but has used several other names and addresses - is marketing a "home ATM" device that lets people place wagers by credit card. It aims to install 5,000 terminals in public locations by next February.
Winners Internet Network Inc. of St. Augustine, Fla., said in a recent press release that it wants "to build and maintain a series of global shopping malls utilizing the 'WINR' credit card processing and proprietary currency conversion software." Its processor, Cyberlink Monetary System, is described as a Liechtenstein company.
Many processors are awaiting the outcome of legislative efforts to regulate Internet gambling, and listening to predictions that legalization is inevitable.
"Internet technology renders prohibition futile," Tom W. Bell, director of telecommunications and technology studies at the Cato Institute, said in testimony last May to the National Gambling Impact Study Commission in Chicago. "Consumer demand for Internet gambling and the states' demand for tax revenue will create enormous political pressure for legalization."
"U.S. businesses are losing revenues, and offshore businesses are making money," said Timothy Miller, senior group vice president of operations at Cardservice International, one of the independent sales organizations that specialize in signing up risky merchants for card acceptance.
Cardservice, based in Agoura Hills, Calif., has refrained from serving Internet casinos, though it has embraced other Internet merchants with high fraud and chargeback rates. But the company is intrigued by predictions about growth and profits in this sector.
"Visa and MasterCard need to draw a line in the sand," Mr. Miller said. "There are no specific rules or regulations that say, 'We do not allow Internet gambling.'"
In December, Visa distributed a memo that said on-line gambling establishments could get into the merchant-acquiring network "only if they meet the global member risk-policy requirements established for high-risk telemarketing merchants."
Visa U.S.A. spokesman Kelly Presta said the association's rules "allow the use of Visa products to purchase any service which is legal." Visa leaves it to governments to define what is legal.
The policy has not shielded Visa from being sued by a California woman who amassed $70,000 in credit card debt while gambling on 50 Web sites. Cynthia H. Haines also sued MasterCard and a subsidiary of Providian Financial Corp., arguing that they should not have let her use her cards this way.
"I call this e-money laundering," said Ira Rothken, Ms. Haines' lawyer. Card companies should not "make money off an illegal activity."
Gambling is a thriving industry, and the on-line version is taking off fast. Experts say much of the revenue comes from the United States. The market did $651 million of business in 1998 and will do $811 million this year, according Sebastian Sinclair, a gambling and entertainment analyst for Christian/Cummings Associates, New York.
By 2001, revenues from Internet gambling should rise to $2.3 billion, he said.
"We are seeing the very first baby steps of a developing industry," Mr. Sinclair said. "It is going to be huge."
The governments of Antigua, Costa Rica, Australia, and other countries are welcoming these ventures with open arms. In Antigua, companies can set up casino Web sites by paying the government an annual licensing fee of $100,000. Sports betting pages go for $75,000.
Some companies with operations abroad say they are trying to play by U.S. rules.
Virtual Gaming Technologies Inc. of San Diego runs a service out of Antigua, Constellation Casino and Sportsbook. It does not allow gamblers with U.S. Internet addresses to place bets, said Bruce Merati, chief financial officer.
The Web site-www.virtcasino.com-operates in six languages and clears credit card transactions in more than 60 countries, Mr. Berati said. Barclays agreed to handle the processing after a year of due diligence and after Virtual Gaming deposited a $300,000 reserve in the bank, he said.
U.S. banks and processors do not regard gambling as inherently taboo. The lion's share of merchant processing for the traditional, physical-world gambling industry is handled by Global Cash Access, a joint venture of First Data Corp., BankAmerica Corp.'s BA Merchant Services subsidiary, and USA Processing.
Internet gambling is a "gray area we would rather not get into at this point," said Kirk Sanford, chief executive officer of Global Cash Access. "There is probably a lot of money that can be made, but for us it just doesn't weigh against the risks associated with it."
The Internet casinos are illegal because they are unlicensed, but individual gamblers like Ms. Haines are seldom prosecuted. Last year, the U.S. Senate passed a bill that would have made Internet gambling a crime- punishable by a fine up to three times the greatest amount a gambler wagers-but it died amid the impeachment hearings. Sen. Jon Kyl, R-Ariz., its the sponsor, plans to reintroduce it.
Several state attorneys general want legislation to outlaw Internet gambling.
Federal prosecutors in New York City have filed criminal charges against several operators of an offshore sports betting firm. One defendant, Jay Cohen, runs World Sports Exchange, which is based in Antigua. He has pleaded not guilty and faces trial in federal court.
Meanwhile, companies that operate gambling sites continue trying to get attention. One of them, eConnect, has sent out eight press releases since Jan. 1, mostly relating to mergers and processing deals with other gambling Web sites.
Last week, the company said it was in "acquisition talks" with a casino called 777wins.com. Two weeks ago, it announced it was "progressing in the development of PocketPay, a wireless device (that) will enable consumers" to conduct mobile credit card transactions for gambling.
Last year, under the name "Betting Inc.," this company and its president, Thomas S. Hughes, solicited banks for backing.
Mr. Hughes did not return telephone calls seeking comment for this article. The company referred inquiries to Harry Hargens, president of Tradewinds Technologies in Hampton, Ga., who said he had done consulting work for eConnect.
Mr. Hargens said eConnect's goal is to build "legitimacy and size" and become palatable to U.S. merchant -acquirers.
"The acquiring bank is scared to death of taking on a small operator," Mr. Hargens said. "But if he is a part of a large conglomerate, you know you're dealing with a real company." . All Rights Reserved. http://www.americanbanker.com
Winners Internet Network, Inc. Announces The First Internet Lottery Utilizing The Winners' System Is Set To Begin Operations.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--March 2, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=8106588
Tuesday March 2, 10:55 am Eastern Time
Company Press Release
Winners Internet Network, Inc. Announces The First Internet Lottery
Utilizing The Winners' System Is Set To Begin Operations
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--March 2, 1999--David C. Skinner, Jr. President and CEO of Winners Internet Network, Inc. (OTC BB: WINR)
would like to provide the following information on the ticket structure, unique prizes and the most incredible odds offered by any Lottery anywhere. By utilizing the
WINR system it will enable the Lottery to allow anyone in the World with any currency to purchase their Lottery tickets on-line.
The following information provided by the Lottery details the different tickets that can be purchased including the prizes for each ticket along with explaining ''the
best odds for any Lottery anywhere''. Please visit their web site @ www.WinALottery.com after March 15th.
BEST ODDS
We offer the best odds for the highest pay back of any lottery we have seen. That's why we call ourselves Win A Lottery. There are three factors to consider when
evaluating a lottery, raffle or sweepstakes. The amount of money you are wagering, the odds and the pay back. We are currently running Five contests, One Million
Dollar Cash Lottery, Two raffle style lotteries, One pick 5 from 30 Progressive lottery, and One pick 3 from 21 Progressive Lottery. The raffle style lotteries offer
Featured Home or Cash Value. One winner takes all. Progressive lotteries have a growing pot that gets bigger as more people bet. The more Lottery tickets sold the
higher the pot.
Our One Million Dollar Lottery offers a $1,000,000.00 Cash Prize. It is $50 per ticket and offers the best odds of our raffle style lotteries. The odds of winning are
1 in 75,000, which in the world of million dollar lotteries is unheard of!
Our $500,000 Cash or Dream Home Lottery offers the Featured Home as the prize or the Cash Value of $500,000.00 it's your choice! The cost is $25 and the
odds of winning are 1 in 100,000.
Our $200,000 Cash or Dream Home Lottery offers the Featured Condo as the prize or the Cash Value of $200,000.00, its your choice! The cost is $10 and the
odds of winning are 1 in 100,000.
Our Basking in Big Bucks Pick 5 Progressive Lottery offers a growing pot that has infinite possibilities and the cost of entering is $5. Ready for the odds ??? You
are choosing 5 numbers from 1 to 30. The odds of picking the first number correctly are 5/30 or 1/6. The odds of picking the second number 4/29. The odds for the
3rd, 4th and 5th are: 3/28, 2/27, and 1/26. Therefore the odds of choosing all six numbers correctly are:
5 4 3 2 1 120 1
-- X --- X --- X --- X --- = ---------- or -------
30 29 28 27 26 17,100,720 142,506
1 out of 142,506 are the best odds we have seen! If you compare pick 5 from 30 to any there lotto on line you'll see it's the best. We have seen a non- progressive
pick 5 from 25 lottery with a $2500.00 pay back. A pay back as small as this is in a different gambling class and should be compared to roulette which has better
odds. Most lotteries offer a pick 6, adding another number to multiply by 6/30 calculates to 1/593,775. ''Pick 6 from 49'' or ''Pick 6 from 45'' are astronomically
worse odds. With those odds it is a miracle anyone wins at all.
Introducing our Instant Gratification Pick 3! Winning Numbers are picked DAILY! The cost of entering is $2.00. You Pick 3 numbers from 1 to 21. The odds are
ONLY 1 in 1,330. These kind of odds cannot be found by Governments, Charities, or Casinos. They can only be found here at WinALottery.com. Do the math!
1 2 3 6 1
------- X -------- X ----- X ------- = -------
21 20 19 7,980 1,330
We offer the best odds so you can WIN. THAT'S WHY WE CALL OURSELVES, ''WIN A LOTTERY'' GOOD LUCK!!! PLAY TO WIN!!