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Winners Internet Network Inc. Announces Strategic Alliance With Ichargeit Inc. Plans to Unveil a Series of Internet Based Global Shopping Malls. Friday February 19, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=7912316
February 19, 1999 09:13
Winners Internet Network Inc. Announces Strategic Alliance With Ichargeit Inc. Plans to Unveil a Series of Internet Based Global Shopping Malls
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 19, 1999--David C. Skinner, Jr., President of Winners Internet Network Inc. (OTC BB:WINR) would like to announce a far-reaching agreement with iChargeit Inc., www.iChargeit.com, a Nevada Corporation based in Huntington Beach, Calif.
According to WINR CEO, David C. Skinner, Jr., "This diversification has been in the plans since the inception of WINR. Many have been afraid of potential legislation in the USA to outlaw Internet Gaming and WINR has moved forward to diversify its processing. E-commerce based Internet Shopping is an industry that does not have boundaries or pending legislation that could curtail the business."
The CEO of iChargeit, Jesse Cohen, stated that the WINR processing and its link to the CyberLink Monetary System makes it possible for Internet Shopping to bridge all currencies and all nations with its currency conversion and processing procedures. The processing allows this joint venture the potential to become the facilitator of a Global Internet Marketplace. Clients throughout the world are waiting for the right market to display their products. WINR offers the ability through the CyberLink Monetary System currency conversion for a secure Internet Shopping Card.
According to Cohen, "We have two aggressive companies that are joining to provide not only the processing but also a link to the CyberLink Shopping Downtown site that was established by the WINR affiliate, CyberLink Monetary System. We will be linking additional sites to WINR as part of this agreement and plan to establish a global shopping marketplace."
The initial plan is to open 30 separate stores by March 1, and increase to 1,000 global shopping vendors. As part of this agreement, CyberLink Monetary System, EST., a Liechtenstein company, has also joined in this endeavor to create a global atmosphere for Internet Commerce. WINR will open a data center in the hometown office in Florida in addition to its European Offices to strengthen and support the shopping network.
This will be in addition to offices of iChargeit located in Huntington Beach, Calif. WINR software has the ability to provide all of the necessary management and accounting for Internet Vendors. According to Skinner, "There is no limit to the expansion of the processing to include worldwide Internet shopping support."
Cohen also announced that they are currently in negotiations with CyberLink Monetary Systems and WINR to launch additional markets for the processing system. "We are so excited at the opportunity for our companies to join forces to use the WINR system. Have us build you an e-commerce enabled Internet storefront using the iChargeit Global StoresonLine suite of services. Open a Global Debit Account through CyberLink Monetary Systems and sign-up online from several soon to be announced online venues including www.winr.net & www.ichargeit.com. Receive payment for your stores e-sales in the global currency of your choice and accept payment in currencies from around the globe. The Winners Internet Network/iChargeit Inc. alliance brings the promise of global shopping for our Global Village one step closer to reality."
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 Announces First Contract With Access World Management.
Wednesday February 3, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=7631088
Winners Internet Network Announces First Contract With Access World Management
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 3, 1999--David C. Skinner, Jr., President of Winners Internet Network, Inc. (OTC BB:WINR) would like to announce that the Sale Agent Agreement signed with Access World Management has delivered its first signed Licensee - GlobalNet Incorporated.
This contract is for a one-of-a-kind Internet Lottery which as been uniquely structured with multiple prizes. This is a first in a series of Licenses to be generated by Access World Management.
This Licensee is located in the country of Dominica in the West Indies and has been granted the Winners Seal of Assurance offering Winners Customers its first Internet Lottery as another playing destination. The technical team at WINR is currently handling the necessary steps to connect the site to the WINR system. GlobalNet Incorporated plans on unveiling its lottery site to the world on March 1, 1999. GlobalNet wanted to provide their customers the safest and most secure on-line processing in the world. The CyberTrust in Liechtenstein provides an exclusive to WINR that no one else in the Internet enjoys. The benefits are not only to GlobalNet, but also to lottery winners who will have the protection of the Asset Management Trust at their disposal. The customer will know that their winnings are protected. This site will also allow all of WINR's customers to enjoy their first approved Internet Lottery destination. In the near future WINR will be releasing extensive information about this lottery site and its overall program including information on its $1,000,000 prize! Upon the lottery going on-line, WINR will receive a $50,000 licensing fee and will announce revenue projections from the contract.
Supported with offices in the USA and Europe, WINR has developed software for accounting, management and administration of Internet businesses. It allows the security and safehaven for processing Internet transactions. The company is engaged in on-line processing for Internet gaming operations as well as other business applications concerning Internet commerce. The software can be used by any Internet Business without limitation.
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 Soars Into Virtual Reality.
Friday January 22, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=7421727
Winners Internet Soars Into Virtual Reality
Business Wire - January 22, 1999 10:20
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Jan. 22, 1999--David Skinner, Jr.,
President, Winners Internet Network, Inc. (OTC BB:WINR) announced today launching the
Premiere of Internet Gaming Sites, Atlantic InterBet.
According to Mr. Skinner, "Atlantic InterBet will put chills down your spine when you sign on
their site. It has the feeling of reality that you would get if you went to Las Vegas or Atlantic
City." A player can sit down with players from around the world and play live everything
from roulette, poker, blackjack, slots, bingo and much more, with stakes that go according to
the tables you select. InterBet only accepts play from outside the USA market that is giving
Winners a huge expansion into the other areas of the world. Play has already commenced
from many countries around the world, including but not limited to USA, Canada,
Netherlands, Germany, Malaysia, Singapore, Australia, Russia, Hong Kong and South
America, where play is legal. Winner is becoming the catalyst it hoped for by being
recognized worldwide as the safe, secure and confidential place for Internet transactions.
Winner has changed its home page to accommodate even faster play and selection of
options.
Mr. Skinner stated "That the site in the past few weeks has had more than 150,000 hits and
that number is increasing daily". Negotiations are underway to provide the WINR site its 1st
Internet lottery that will undoubtedly be first for the industry. The lottery market has been an
active target for Winners. A further market expansion will be unveiled in future weeks
because many inquires have been made to use the Winner Debit Card for online Cyber mall
shopping. The card can be used by on line merchants to provide secure shopping
opportunities for the Winner Player. All of these potential markets are currently under
consideration for rapid expansion of the Winner network. Mr. Skinner stated, "We always
knew that the creation of the Winners Debit Card for processing would open doors for
Internet shopping. Internet Gaming is only one of the potential market areas. We want to be
flexible to shift direction since our processing system was developed with that in mind. We
have other ideas that we feel will expand the Winner market in all areas of Internet
Commerce. That is our goal and focus that is shared by our partners in the CyberLink Trust
in Liechtenstein. CyberLink has provided us with the ability to operate throughout the world
with immediate recognition and acceptance."
CONTACT: Columbia Financial Group, Inc.
888/301-6271
or visit www.winr.net.
Winners Internet Network Announces First Contract With Vaudeville Holdings.
Thursday January 14, 1999
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=7279853
( BW)(FL-WINNER-INTERNT-NETWK)(WINR) Winners Internet Network Announces First Contract With Vaudeville Holdings
Business Editors
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Jan. 14, 1999--David C. Skinner, Jr. President and CEO of Winners Internet Network, Inc. (OTC BB:WINR) would like to announce that the Sale Agent Agreement signed with Vaudeville Holdings has delivered its first signed licensed Sportsbook.
This contract is the first of a series of Casino/Sportsbook sites from Vaudeville Holdings.
The licensee is located in Costa Rica and has been granted the Winners Seal of Assurance offering Winners Customers another gaming site selection. The technical team at WINR is currently handling the necessary steps to connect the site for safe, secure, and confidential online processing. This will enable their Sportsbook customers to utilize WINR not only for its online processing services but also gives its customers access to the only debit card within the gaming industry, which has been developed exclusively by WINR. This will also allow all of WINRs customers to enjoy another approved gaming destination. Upon the sportsbook going on-line, WINR will receive a $50,000 licensing fee and will announce revenue projections on the contract.
"WINR offers a solution for offshore Sportsbooks who elect to change over to Internet play," says Mr. Skinner. "It is a market we are actively targeting because it is still in the infancy stage."
WINR has also been greatly enhanced with the opening of trade for the Eurodollar. WINR is able to process the new Eurodollar which opened to the world markets on January 4th, making it one of the leaders in the Internet processing of financial transactions. WINR processing, based in Europe, provides a solid foundation as the Eurodollar gains popularity in world commerce. The WINR system provides currency conversion with all major world currencies so that everyone will be able to join in the secure WINR processing of their internet transaction. Our earlier recognition by the CyberLink Trust in Liechtenstein, provides asset management under the direction of Intertrehuand Aktiengesellschaft, a fully licensed Liechtenstein trust and asset management company which has operated since 1978. This company provides independent financial account management services.
WINR has received many inquiries regarding the last news announcement. To clear up any confusion, WINR is projecting $8-10 million in processing fees and $1-1.5 million in licensing fees from the sites already on-line. Any additional contracts, including this one will add to these projections and will be announced at a later date.
WINR, headquartered in St. Augustine, Fla. is a company, which has developed an Internet financial structure. The company is engaged in on-line processing for Internet gaming operations as well as other business applications concerning Internet commerce.
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--CER/se*
CONTACT: Columbia Financial Group, Inc.
888/301-6271
KEYWORD: FLORIDA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED ENTERTAINMENT
INTERACTIVE/MULTIMEDIA/INTERNET
Winners Internet Network, Inc. Announces 1999 Revenue Projections. ST. AUGUSTINE, Fla.-- (BUSINESS WIRE)-JAN. 4, 1999.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13850257
Winners Internet Network, Inc. Announces 1999 Revenue Projections
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)-JAN. 4, 1999-- Winners Internet Network, Inc. (OTC BB: WINR) today said that David C. Skinner, Jr., the Company's President and CEO, would like to announce WINR's Secure Banking for Internet Gaming revenue projections for 1999.
WINR became a fully operational company in mid December 1998. At this time WINR began processing on-line transactions for its approved internet casinos and sportsbook sites. Since WINR is the only company in the internet industry that provides both on-line processing of funds into a players safe, secure and confidential account and out of the same account via a debit card, that it will be the industry standard for internet gaming.
There is currently no competition in the market place today that can provide the same services that WINR provides for its customers. WINR currently has 7 approved casinos and 7 approved sportsbooks, which can be found at http://www.winr.net, utilizing its internet banking software and is negotiations with several other companies that will allow WINR to expand even further into the marketplace. In 1999 WINR estimates that from the signed software distributor contracts it currently has, along with the new contracts pending, this will generate licensing revenues in excess of $1-$1.5 million dollars. These contracts will also generate an estimated gross processing revenues of $8-$10 Million dollars.
We invite everyone to come in and play.... See for yourself...it is the system we have all been waiting for.
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.
Telephone: 888-301-6271
Website: http://www.cfgstocks.com
Winners Internet Network, Inc. Assigns Exclusive Rights to Australia and New Zealand.
ST. AUGUSTINE, Fla. - (BUSINESS WIRE)-December 23, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13850157
Winners Internet Network, Inc. Assigns Exclusive Rights to Australia and New Zealand
ST. AUGUSTINE, Fla. - (BUSINESS WIRE)-December 23, 1998-- Winners Internet Network, Inc. (OTC BB: WINR) today said that David C. Skinner, Jr., the Company's President and CEO, is pleased to announce the signing of a new Software Distributor Agreement with Vanguard, N.V. This new Agreement grants Vanguard, N.V. the exclusive rights to sell Winners' Internet banking financial software in the countries of Australia and New Zealand.
The countries of Australia and New Zealand have been striving to be the #1 Internet gaming locations in the world. The governments of these countries have backed Internet gaming and are the forerunners in the industry. According to Vanguard, there are currently 6 territories which have government backed Internet gaming. It is expected that the revenues generated from the Casinos within these territories will be substantially higher than revenues generated from other areas of the world.
WINR estimates that this Agreement will generate 4 Licenses in the near future. This will bring an estimated $400,000.00 in License revenue to WINR in the first year of this contract. WINR would also estimate that this Agreement would generate between 2.5 - 3 million dollars of gross revenue in the first year.
WINR, headquartered in St. Augustine, Fla, is a company which has developed an Internet banking financial structure. The company is engaged in on-line processing for Internet gaming operations as well as other business applications concerning Internet commerce.
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.
Telephone: 888-301-6271
Website: http://www.cfgstocks.com
Winners Internet Network, Inc. Commences Operations.
ST. AUGUSTINE, Fla./Dec. 14, 1998/Business Wire.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13850276
Winners Internet Network, Inc. Commences Operations
ST. AUGUSTINE, Fla./Dec. 14/Business Wire-- WELCOME TO WINNERS INTERNET....WE HAVE OPENED OUR DOORS FOR BUSINESS....OPERATIONS BEGAN THIS PAST WEEKEND
Winners Internet Network, Inc. (OTC BB: WINR) today said that David C. Skinner, Jr., the Company's President and CEO, would like to announce that WINR's Secure Banking for Internet Gaming is now fully operational with Vaudeville Holding, Inc.
The nature of Vaudeville's business on the Island of Curacao is developing and designing gaming software and with the agreement reached with WINR it allows Vaudeville to offer a complete gaming package which incorporates its gaming software and WINR's financial software.
WINR began processing on-line transactions for our approved gaming sites on the internet this past weekend. David C. Skinner, Jr. the President and CEO said " The Internet Gambler can now proceed to www.winr.net and register with us, make a secure and confidential deposit with WINR and then proceed to transfer monies, securely and confidentially, to an approved gaming site listed on our web page." With the opening of the WINR system it brings the only uniform structure to Internet Gaming "There is no other operation that can provide the internet gaming customer the services that WINR offers." WINR is the only operation where a player can deposit his funds into a protected asset management Trust in Liechtenstein, which is one of the safest and most confidential centers for financial management and banking in the world. WINR provides the Player the choice to leave their funds in the Liechtenstein Trust or have them placed on a Debit Card issued through WINR to the qualified player. The debit card, which is a first in the industry, will allow a player to receive their funds at over 300,000 locations in over 117 countries world wide, "No other company can offer all of these benefits to a player...no one"
WINR is now accepting deposits and has the following approved gaming sites for a player:
http://www.bookiescafe.com
http://www.ActiveGaming.com
http://www.wagertv.com
http://www.nudegambling.com
http://www.rocknrollcasino.com
http://www.casinocafe.com
http://www.tvcasino.com
In providing the security and confidentially for the customer we recommend to all 1st time players that wish to open a WINR account and a Casino Account to do so in the following manner:
Proceed to the WINR web address at http://www.winr.net and register as a player.
Open your accounts with a deposit, once your deposit is approved, proceed to the transfer funds area where you will see a list of approved gaming sites.
There you can choose a WINR approved casino, place the amount you wish to transfer and submit your password to approve the transaction. WINR will give you a deposit ID - this is important - you will need this ID for the casino site.
WINR will then provide you with a link to the site you have chosen. Here you will register with the Casino.
While you are in the register process the casino they will ask you if you wish to open your account with a deposit. This is the area where you will need your WINR deposit ID.
The deposit page contains information on WINR. As you scroll down there will be an area for you to insert your WINR deposit ID. Once you place the ID here the Casino will verify with WINR and your Casino account will be open.
We want our shareholders to know that the reason we delayed our opening was to provide the greatest security to the customer. In addition, we have opened with seven Internet Casinos each of whom also have an Internet Sportsbook for a total of fourteen operations to begin! This required additional time and resources to offer such a complete worldwide package from our beginning.
The Player should also remember that Winners only offers the security and protection for the player's funds that the player has in their account at http://www.winr.net
We invite everyone to come in and play.... see for yourself...it is the system we have all been waiting for.
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.
Telephone: 888-301-6271
Company website: http://www.cfgstocks.com
Winners Internet Network, Inc. Announces the Signing of a Software Distributor.
ST. AUGUSTINE, Fla. - (BUSINESS WIRE)-- November 30, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13850284
Winners Internet Network, Inc. Announces the Signing of a Software Distributor
ST. AUGUSTINE, Fla. - (BUSINESS WIRE)-- November 30, 1998-- Winners Internet Network, Inc. (OTC BB: WINR) today said that David C. Skinner, Jr., the Company's President and CEO, would like to announce the signing of a new contract with Vaudeville Holding, Inc. Vaudeville Holding is a gaming software developer on the Island of Curacao. This new agreement grants Vaudeville Holding the rights to sell Winners' Internet banking financial software in the assigned territory of the Caribbean meaning, but not limited to, Antigua-Barbuda, Aruba, the Bahamas, Belize, Costa Rica, Dominica, Dominican Republic, Granada and St. Kitts.
The nature of Vaudeville's business on the Island of Curacao is developing and designing gaming software and with the agreement reached with WINR it allows Vaudeville to offer a complete gaming package which incorporates its gaming software and WINR's financial software.
This agreement specifies that Vaudeville will bring in a minimum of 10 Licensees during the first 12 months of operation and it also includes performance clauses for subsequent years.
WINR, headquartered in St. Augustine, Fla, is a company which has developed an Internet banking financial structure. The company is engaged in on-line processing for Internet gaming operations as well as other business applications concerning Internet commerce.
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. 'Wall Street Reporter' Interview on the Internet Available on Stock-Line.com.
ST. AUGUSTINE, Fla./ Nov. 3, 1998 /Business Wire.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13855609
Winners Internet Network, Inc. 'Wall Street Reporter' Interview on the Internet Available on Stock-Line.com
ST. AUGUSTINE, Fla./ Nov. 3 /Business Wire / -- Winners Internet Network, Inc. (OTC BB: WINR) today said that David C. Skinner, Jr., the Company's President and CEO, was interviewed this week by Stock-Line, the stock traders' news network.
Upon giving an overview of the services that Winners Internet Network, Inc. (WINR) provides to the on-line gaming industry, Mr. Skinner discussed its current contracts with Interbet Casino http://www.interbetcasino.com TISS http://www.cyberbookis.com and other business opportunities the company is pursuing. Other highlights that were discussed were those of the benefits gaming operators and customers will receive including the use of multi- currencies in Internet processing also encompassing current and future plans and growth for the company. The entire interview highlighting Winners Internet Network, Inc. can be heard on the Internet at Stock-Line's web site @ http://www.stock-line.com
WINR, headquartered in St. Augustine, Fla, is a company which has developed an Internet banking financial structure. The company is engaged in on-line processing for Internet gaming operations as well as other business applications concerning Internet commerce.
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.
Telephone: 888-301-6271
Company website: http://www.cfgstocks.com
Winners Announces Hurricane George Causes a Delay.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Sept. 29, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5866400
Tuesday September 29, 9:58 am Eastern Time
Company Press Release
Winners Announces Hurricane
George Causes a Delay
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Sept. 29, 1998-- Winners Internet Network, Inc.
(WINR) (OTCBB:WINR - news) is forced to announce that the commencement of operations
between WINR and InterBet Casino has been delayed. This has been caused by the destruction
that Hurricane George has caused in the Caribbean. InterBet Casino and WINR were to begin
their commencement of revenue streams on October 1st with WINR processing the financial
transactions for InterBet's customers allowing them to gamble online with the InterBet system.
InterBet Casino will be delayed in the opening of their Casino due to the mass damage that was
sustained on their Caribbean location of the Dominican Republic. WINR has been in constant
contact with InterBet about these matters and InterBet has been unable to determine the amount of
damage due to the lack of power and telephone communications in the Dominican. On Monday,
September 28, 1998, Interbet informed WINR that they will be unable to ship any of their
necessary computer equipment to the island location due to the fact that Customs will only accept
relief items at this time. It is currently unknown how long these efforts will delay the operations
between InterBet and WINR.
WINR has also been working with other Casino operations that have not been affected by the
storm. WINR is currently working very diligently with these Casino operations to bring them
on-line with the WINR Banking Financial Structure. The agreement WINR has with InterBet is to
allow them to be the first Casino to utilize this structure; however, due to the fact of the unforeseen
delay caused by Hurricane George WINR is proceeding with other Casinos if InterBet is not ready
to commence full operations.
Contact:
Columbia Financial Group, Inc.
Investor Relations, 888/301-6271
More Quotes and News:
WINNERS INTERNET (OTC BB:WINR - news)
Related News Categories: entertainment, internet, sports
St. Augustine firm rolls the dice on Internet.
1998, Jacksonville Business Journal.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5802100
St. Augustine firm rolls the dice on
Internet
Jeff Haynes
Even as the U.S. Senate works to ban Internet gambling, a St.
Augustine-based company is positioning itself to cash in on the sport.
Winners Internet Network Inc. believes it has the key to bring credibility
to Internet gambling in its proprietary software.
"No one else has anything like it anywhere in the world," said Jim Price,
chief executive officer of the Maryland-based brokerage firm Columbia
Financial Group, which has assisted Winners in finding investors.
The technology links users to banks, a move intended to secure the
players' money and guarantee payouts. From a participating bank's World
Wide Web site, players will have a directory of gambling sites that are
part of the Winners network.
Price mentioned Winners' ties to banks located in Liechtenstein and
Germany as one of the reasons the software will succeed when it is
launched in three weeks. In addition, the software is encoded in eight
languages and can be used by various types of gambling operations, he
said.
Winners will not depend on the U.S. market, Price said, adding that none
of the company's projections have included it.
Last July, the Senate voted 90-10 for a bill that punishes both the bettor
and the operator for gambling over the Internet. However, that bill, now in
a House subcommittee, does not override individual state regulations.
The Interstate Wire Act of 1961 banned betting over phone lines and has
been used by the Justice Department to prosecute Internet gambling
cases, said John Shelk, vice president of the Washington, D.C.-based
American Gaming Association.
The association is opposed to unregulated gambling and would not fight a
ban on Internet gambling, Shelk said. The challenge, he said, is to make
sure the bill does not make illegal activities that are legal now.
Noting the Senate's efforts are designed to help thwart unethical attempts
to profit from online gambling, a press release from Winners states David
Skinner, the company's chief executive officer, "is thrilled with the
legislation."
The release also reports Skinner established Winners knowing that
Internet gambling would be outlawed or severely curtailed in the United
States.
Company officials are talking with the governments of Austria and
Germany to handle those countries' online state-run lotteries, he said.
Winners describes its product as being able to prohibit play from places
where gambling is illegal, as well as to identify players who try to mask
their locations.
To make its money, Winners is planning to levy a 0.5 percent charge on
all system transactions. A $100,00 payout, for example, would earn
Winners $500. The company is projecting the amount of annual
transactions to total $10 billion during the next six years, which could
bring in $50 million for Winners.
The company has contracts with casinos in place, Skinner said, adding
"we will be fully operational Sept. 1."
c 1998, Jacksonville Business Journal
Winners Announces Commencement of Revenue Streams.
ST. AUGUSTINE, Fla.-- (BUSINESS WIRE)--Sept. 11, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5724079
Winners Announces Commencement of Revenue Streams
Business Wire - September 11, 1998 12:04
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Sept. 11, 1998--On June 4, 1998, Winners Internet Network, Inc. (OTC BB: WINR) announced the signing of a contract with Interbet Corporation. With the signing of this agreement, WINR granted Interbet the right to be the first Internet Casino to utilize the WINR Internet financial structure. When this contract was signed between both parties the target date for both companies was to coincide with the first part of July 1998. Due to the fact that both companies are striving to put out the best product possible, there were unavoidable delays in the program.
WINR later announced that it would be fully operational on or before August 31, 1998 at which time all of its software development and banking development had been competed as of said date enabling WINR to provide its Internet gaming financial structure to be used in conjunction with Interbet Corporation.
At this time, WINR and Interbet have been integrating and thoroughly testing the software for both corporations which will allow players to deposit funds into WINR and then utilize those funds to gamble with Interbet. Currently, Interbet Casino is moving all of their equipment and software to their offshore location. Mr. Skinner, President of WINR, along with Mr. Gary Roffman, President of Interbet, would like to announce that "WINR's fully operational Internet gaming financial software along with Interbet Casino's gaming software, which has been recognized as the No. 1 on-line gaming site by www.gambling.com, will be on-line and fully operational generating revenues for both companies starting October 1, 1998. With a player base that Interbet already has registered and the expanding growth of the Internet gaming industry, WINR estimates that becoming fully operational with Interbet will generate net revenues of approximately 2.2 million in its first year of operation."
WINR would also like to inform that it has been diligent in working with other casino software developers along with other existing on-line casinos to also provide its Internet financial structure. WINR is also set to begin testing with other Casino software which will allow WINR to begin revenue streams with other Casinos shortly after it begins full operation with Interbet Casino.
At the time WINR entered into a contractual agreement with Interbet Casino, the U.S. government was taking a hard-line stance on offshore gambling operations and even arresting the management of companies that catered their gambling operations to the American public. During Mr. Skinner's lengthy discussions with Mr. Roffman, Mr. Skinner learned that Interbet Casino was not going to accept any play from within the U.S. jurisdiction. In conjunction with WINR stating from inception that it will follow all laws and regulations dictated by all government bodies and founded the corporation on the premise that the U.S. could possibly make all forms of Internet gaming for its citizens illegal, Mr. Skinner felt that WINR and Interbet, having the same ideals and principles, would be best suited for the commencement of WINR's operations.
WINR has been striving for the past 2-1/2 years to bring its goals to fruition. WINR entered into a market in which no one had been in before and has been working diligently to bring its ideas to life. WINR feels it has accomplished this task and is ready to bring its fully operational program and all its goals to the world Internet market. WINR also feels that the decisions made within are not only the best that benefit the company but also its shareholders.
CONTACT: Columbia Financial Group Inc.
888/301-6271
Company Web site: http://www.cfgstocks.com
or http://www.winr.net
Winners Internet Interfacing First Casino Licensee.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 31, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5630109
Winners Internet Interfacing First Casino Licensee
Business Wire - August 31, 1998 10:11
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 31, 1998--David Skinner, Jr., President of Winners Internet Network, Inc. WINR announced today the final stages of completing the first interface with interBet Casino www.interbetcasino.com in launching the first of many Internet Casino sites. Skinner stated "interBet Casino represents the quality of the Internet casinos that it will license. It is the integrity of their system that has allowed them to be accepted first into the WINR family. In addition to receiving the Winr Seal of Approval, interBet has received honors and recognition by leaders in the field of Internet Gaming as being "One of the Best". InterBet has been recognized as the number one gambling site by www.gambling.com in addition to being voted top pick by www.gambling-links.com and by www.gaming-guide.com. USA Today was quoted "what sets interBet apart is the realistic look and feel of the software...." WINR encourages readers to visit www.interbetcasino.com and join over 30,000 other players who have registered to test and play their system. Needless to say we are very excited that interBet has recognized WINR as the vital link to provide their players with the standard of excellence that WINR offers. We have joined together to insure the Internet Gaming industry that the vigorous standards required by worldwide governments will be adhered to. InterBet is planning to outlaw all play from US jurisdictions and the WINR system will be able to facilitate this objective. We have always felt this would be the course of action and WINR would be the pioneer in this endeavor. We believe that our combined efforts will set the standard for the industry by not only insuring the integrity of the play, but the safety of the player and casino funds. WINR intends to work closely with all Government Host Sites insuring adherence to all International Gaming Laws and Regulations. Our system can immediately adhere to any laws throughout the world concerning Internet gaming as we are monitoring very closely all legislative developments in this regard. Internet gaming is a worldwide business that can be managed and interfaced by utilization of our system with all host government sites to adhere to any and all regulations. We are happy to see that interBet shares these same values." From its inception, WINR has strived to establish the most trusted banking safeguards in the world. The CyberLink Trust recognized the WINR software to provide the needed security and integrity for all Internet transactions. WINR was accepted as the sole and exclusive member of the CyberLink Trust to offer these services to Internet Gaming. WINR definitely is now to be considered far ahead of the industry in the gaming market selection by not only being based in Europe, but supported by the CyberLink Trust. The Managing Director of CyberLink Trust in reviewing the credentials of interBet was very impressed with the high standards that are being used by WINR to give the Winr Seal of Assurance. Dr. Reinhard Proksch, "is happy to join with WINR is bringing interBet into the union that puts Credibility and Integrity at the forefront. WINR as a distinguished member of the CyberLink Trust with headquarters in Vaduz, Liechtenstein will offer interBet the full worldwide banking and banking card transactions backed with the licensed, insured and bonded asset management covering all of WINR banking and trust accounts. The player and casino will be fully protected under the strictest banking laws and regulations in the world. While the US market may be curtailing the Internet business, we in Europe feel that the Internet is the business of the future. Legislation for example was recently enacted for Internet Casino play in Germany and now Austria and we have already been contacted regarding the potential use of our system. I recently personally accompanied the WINR team in presenting the WINR system to the Director of Administration in Austria who was impressed with the WINR system. We feel that WINR will be a vital link to the Cyberlink Monetary System as offered by the CyberLink Trust. WINR has recognized the Eurodollar market before it has officially traded and also recognized the need for the multi currency conversion and multi languages that the system will offer. They are very much interested in the success of the Eurodollar in world trade and that is strongly endorsed by CyberLink. The WINR telecommunication and support personnel will be staffed with 40 around the clock, seven days per week in seven languages. We are ourselves Registered and Licensed Asset Management Trustees under Liechtenstein law and manage the trusts of very large businesses and financial groups throughout the world. We have been in business since the early 1950's and we support the need for regulations in this area of commerce. WINR has brought great opportunity to this part of the world and we consider them to be a leader in the technology of secure Internet Commerce. We also believe that their system will have a multitude of other uses in the Internet Community with the safety and security features it offers. The market projections we feel are very conservative as the Internet is in such an infant stage in all areas of commerce. There is no doubt that WINR will develop a significant part of the market outside of the U.S. We welcome interBet as the first chartered member of our WINR family and we are proud to be a part of this association."
CONTACT: Columbia Financial Group, Inc.
888/301-6271
Company Website: http://www.cfgstocks.com
Winners Internet Interfacing First Casino Licensee.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 31, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5630109
Winners Internet Interfacing First Casino Licensee
Business Wire - August 31, 1998 10:11
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Aug. 31, 1998--David Skinner, Jr., President of Winners Internet Network, Inc. WINR announced today the final stages of completing the first interface with interBet Casino www.interbetcasino.com in launching the first of many Internet Casino sites. Skinner stated "interBet Casino represents the quality of the Internet casinos that it will license. It is the integrity of their system that has allowed them to be accepted first into the WINR family. In addition to receiving the Winr Seal of Approval, interBet has received honors and recognition by leaders in the field of Internet Gaming as being "One of the Best". InterBet has been recognized as the number one gambling site by www.gambling.com in addition to being voted top pick by www.gambling-links.com and by www.gaming-guide.com. USA Today was quoted "what sets interBet apart is the realistic look and feel of the software...." WINR encourages readers to visit www.interbetcasino.com and join over 30,000 other players who have registered to test and play their system. Needless to say we are very excited that interBet has recognized WINR as the vital link to provide their players with the standard of excellence that WINR offers. We have joined together to insure the Internet Gaming industry that the vigorous standards required by worldwide governments will be adhered to. InterBet is planning to outlaw all play from US jurisdictions and the WINR system will be able to facilitate this objective. We have always felt this would be the course of action and WINR would be the pioneer in this endeavor. We believe that our combined efforts will set the standard for the industry by not only insuring the integrity of the play, but the safety of the player and casino funds. WINR intends to work closely with all Government Host Sites insuring adherence to all International Gaming Laws and Regulations. Our system can immediately adhere to any laws throughout the world concerning Internet gaming as we are monitoring very closely all legislative developments in this regard. Internet gaming is a worldwide business that can be managed and interfaced by utilization of our system with all host government sites to adhere to any and all regulations. We are happy to see that interBet shares these same values." From its inception, WINR has strived to establish the most trusted banking safeguards in the world. The CyberLink Trust recognized the WINR software to provide the needed security and integrity for all Internet transactions. WINR was accepted as the sole and exclusive member of the CyberLink Trust to offer these services to Internet Gaming. WINR definitely is now to be considered far ahead of the industry in the gaming market selection by not only being based in Europe, but supported by the CyberLink Trust. The Managing Director of CyberLink Trust in reviewing the credentials of interBet was very impressed with the high standards that are being used by WINR to give the Winr Seal of Assurance. Dr. Reinhard Proksch, "is happy to join with WINR is bringing interBet into the union that puts Credibility and Integrity at the forefront. WINR as a distinguished member of the CyberLink Trust with headquarters in Vaduz, Liechtenstein will offer interBet the full worldwide banking and banking card transactions backed with the licensed, insured and bonded asset management covering all of WINR banking and trust accounts. The player and casino will be fully protected under the strictest banking laws and regulations in the world. While the US market may be curtailing the Internet business, we in Europe feel that the Internet is the business of the future. Legislation for example was recently enacted for Internet Casino play in Germany and now Austria and we have already been contacted regarding the potential use of our system. I recently personally accompanied the WINR team in presenting the WINR system to the Director of Administration in Austria who was impressed with the WINR system. We feel that WINR will be a vital link to the Cyberlink Monetary System as offered by the CyberLink Trust. WINR has recognized the Eurodollar market before it has officially traded and also recognized the need for the multi currency conversion and multi languages that the system will offer. They are very much interested in the success of the Eurodollar in world trade and that is strongly endorsed by CyberLink. The WINR telecommunication and support personnel will be staffed with 40 around the clock, seven days per week in seven languages. We are ourselves Registered and Licensed Asset Management Trustees under Liechtenstein law and manage the trusts of very large businesses and financial groups throughout the world. We have been in business since the early 1950's and we support the need for regulations in this area of commerce. WINR has brought great opportunity to this part of the world and we consider them to be a leader in the technology of secure Internet Commerce. We also believe that their system will have a multitude of other uses in the Internet Community with the safety and security features it offers. The market projections we feel are very conservative as the Internet is in such an infant stage in all areas of commerce. There is no doubt that WINR will develop a significant part of the market outside of the U.S. We welcome interBet as the first chartered member of our WINR family and we are proud to be a part of this association."
CONTACT: Columbia Financial Group, Inc.
888/301-6271
Company Website: http://www.cfgstocks.com
Winners Elated With Internet Gaming Regulation.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 27, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5323351
Monday July 27, 9:01 am Eastern Time
Company Press Release
Winners Elated With Internet Gaming Regulation
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 27, 1998--Winners Internet Network, Inc. (OTC BB:WINR) David C. Skinner, Jr. President and CEO of Winner's Internet Network is thrilled with the legislation that is pending regarding U.S. Internet Casino play. Mr. Skinner stated that from the very beginning WINR was established with the premise that gaming would be outlawed or severely curtained in the United States market. To think otherwise would have been foolish considering the regulations concerning casino gaming in the U.S. and their strong lobby efforts. The Internet has opened the doors to the world as never before and unfortunately there are those who disregard the ethics of business for profits which make it necessary for legislation. However, this has become a very delicate issue and we are not agreeing or disagreeing with the principles of the law, but regardless we must adhere to all regulations to properly develop the entire world of Internet Commerce. This has been our goal from the onset of WINR. We have been criticized by those who thought we were too conservative with our system, but now our structure adapts and accepts the regulations with open arms. WINR has always been concentrating on the global market with little or no emphasis in the U.S. All of our operations are centralized in Europe to facilitate the acceptance of the system outside of the U.S. market stressing the integrity, confidentiality and security WINR offers. WINR was designed to forbid play from illegal jurisdictions or those that found it consciously objectionable literally with the flip of a switch to prevent any registration or play. The system was designed to identify even those who attempted to disguise their location. The Internet Gaming and lottery market has to be regulated and for that reason WINR placed added emphasis on all regulations of the host government sites. WINR can track all play to insure that illegal jurisdictions are not utilized by anyone who is licensed by WINR. We are able to give host governments the necessary tracking to be able to have an audit trail and monitoring of the Internet Gaming from their jurisdiction. WINR seal of assurance is a guarantee that play will only be registered and accepted from legal jurisdictions and only those adhering to these standards will be considered for licensing. In addition, WINR has strived to establish the most trusted banking establishments in the world. The CyberLink Trust recognized the WINR software to provide the needed security and integrity for all Internet transactions. WINR now can be considered far ahead of the industry in the gaming market selection by not only being based in Europe, but supported by the CyberLink Trust. The Managing Director of CyberLink Trust in receiving the news concerning the pending legislation called to congratulate WINR on their foresight. Dr. Reinhard Proksch said that the CyberLink Trust is happy to have accepted WINR, a company that puts Credibility and Integrity at the forefront, as a distinguished member of the CyberLink Trust with headquarters in Vaduz, Liechtenstein. While the US market may be curtailing the Internet business, we in Europe feel that the Internet is the business of the future. Legislation for example was recently enacted for Internet Casino play in Germany and we have already been contacted regarding the potential use of our system. Austria is also considering a lottery, which is another potential for WINR. We feel that WINR will be a vital link to the Cyberlink Monetary System as offered by the CyberLink Trust. WINR has recognized the Eurodollar as a market even before it has been officially traded and also recognized the need for the multi currency conversion and multi languages that there system will offer. They are very much interested in the success of the Eurodollar in world trade and that is strongly endorsed by CyberLink. We are ourselves Registered and Licensed Asset Management Trustees under Liechtenstein law and manage the trusts of very large businesses and financial groups throughout the world. We have been in business since the early 1950's and we support the need for regulations in this area of commerce. WINR has brought great opportunity to this part of the world and we consider them to be a leader in the technology of secure Internet Commerce. We also believe that their system will have a multitude of other uses in the Internet Community with the safety and security features it offers. The market projections we feel are very conservative as the Internet is in such an infant stage in all areas of commerce. There is no doubt that WINR will develop a significant part of the market outside of the U.S.
--------------------------------------------------------------------------------
Contact:
Winners Internet Network, Inc.
David Skinner, Jr., 800/358-4242
or
Columbia Financial Group, Inc.
Jim Price, 888/301-6271
Winners Internet Network, Inc. Answers Frequently Asked Questions Concerning Gaming Payout Software.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 23, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5300110
Thursday July 23, 3:27 pm Eastern Time
Company Press Release
Winners Internet Network, Inc. Answers Frequently Asked
Questions Concerning Gaming Payout Software
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 23, 1998--David Skinner Jr., President of Winners
Internet Network, Inc. (OTC BB:WINR) answers frequently asked questions concerning their proprietary
Internet Gaming Pay-Out Software and the relationships that they have developed.
The following has been prepared in a question/answer format. The symbols related below give the initials
referenced herein for each company.
Cyberlink Monetary System -- CMS
Cyberlink Trust -- CLT
Global Gaming Link Systems, LTD. -- GGLS
Winners Internet Network, Inc. -- WINR, a Vendor of the Cyberlink Monetary System
Who is CMS?
CMS is a gateway for Worldwide Merchants and Vendors without industry limitations to enter the Global
Internet Market with the vital linkage of customers, products, services and licensed banking. It is a data
processing center. As a Member of the CLT, Vaduz, Liechtenstein, it has opened the doors to a system
that not only offers the most secure, confidential and safe licensed banking transactions, but also provides
all of these services sponsored by the largest financial institutions throughout the world. For the Vendor
or Merchant it expands the market worldwide overnight but more importantly provides the total ability to
have confidence in all Internet transactions and immediate payment with both credit and debit card
access. CMS expects to provide the foundation for the Global Banking Community to utilize the fast
growing Internet market by integrating CMS with the software technology offered by WINR.
Who is CLT?
CLT is a Registered and Government Licensed Asset Management Trust in Vaduz, Liechtenstein.
Liechtenstein and Switzerland are two of the most secure Trust sites in the world. The Trust is bonded,
licensed and insured. CMT utilizes corresponding banks with worldwide links including the LGT Bank in
Liechtenstein www.lgt.li, the Landesbank also in Liechtenstein www.llb.li, which is over 75% owned by
the Principality of Liechtenstein and the balance held privately, and the Commerze Bank in Frankfurt,
Germany www.commerzbank.de all combined with assets in excess of 300 Billion Dollars. Commerze
Bank alone has over 900 branches with service throughout the world. In addition, CMT has many other
major banking correspondents covering the globe. Further CLT came to WINR because of WINR'S
software capability to be utilized by any type vendor. The intent of CLT is to offer a Debit Card through
CMS which provides the customer with security and comfort to have a complete accounting of all
transactions, access to ''Shopping Downtown'' all over the world via the CMS web-site at
www.shoppingdowntown.com, and most of all the access to safe, secure bank cards to handle their
transactions without worry. The Managing Director of CMS has stated that the Global banking of the
Cyberlink Trust will be the significant foundation for secure international banking transactions with
immediate worldwide currency conversions via the Internet. All transactions from the customer to the
merchant via banking will be the most secure, confidential worldwide system available. It will be able to
bridge the world in currencies with recognition of the parity of the Eurodollar and all foreign currencies
for Internet Commerce.
Who is GGLS?
GGLS with resident offices in Liechtenstein developed the initial prototype to provide initial database for
the Internet financial transactions. GGLS was able to secure the Technology that was developed
exclusively for GGLS by a leading software design company whom is Highly regarded in the
development of specialized banking and trust software. Winners secured exclusive use of this technology
and further developed the software from its prototype to its completed and functioning system as is being
offered today. It is now known as the Winners System. GGLS has subsequently licensed the data
processing to be handled by the CyberLink to complete the overall structure for processing all of the
financial transactions between the vendor; bank and the customer with secure, licensed, insured and
bonded asset trust management. It has allowed Winners to be able to present its entire structure over all
areas of the globe with the availability of the worldwide banking structure offered by CLT.
Who is WINR?
WINR, www.winr.net, now a member of the CyberLink Trust, developed software system that provides
Internet secure and safe payouts for customers of Internet Casinos and SportsBooks worldwide. It is
expected to give the Internet Gaming Industry much needed credibility and acceptance by providing
safeguards to guarantee payments and ensure compliance with all legal requirements. The system has the
potential to become the industry standard for Internet gaming on the worldwide web and provide
explosive revenue growth for WINR. Further, the WINR system could revolutionize offshore gaming by
providing a uniform structure that will link to the International banking community, ensure compliance
with all existing laws, provide an audit mechanism for the host governments, and guarantee the safety of
Players' funds as a member of CLT.
WINR is a pioneer in developing the Global Gaming Payout System, which they feel, will revolutionize
both the Internet Casino and the Internal SportsBook method of payout. Once on WINR'S System, a
Player will be able to track a full accounting of wins and losses at each licensed site. WINR intends to
work closely with all Government Host Sites insuring adherence to all International Gaming Laws and
Regulations. Winners recognized the need for International cooperation with banking and regulatory
agencies and as a result was selected as a member of the Cyberlink Trust in Vaduz, Liechtenstein giving
it credibility worldwide for safe, secure and managed transactions.
Additionally, the worldwide gaming industry is estimated at $500 billion annually. Legal offshore betting
is approximately $4 billion, while illegal bookmaking in the United States is estimated at $85 billion per
year. There are currently over 180 Internet gaming sites in operation with an annual volume of
approximately $100 million, a relatively small part of the total gambling industry. It is estimated that legal
Internet gaming could reach $10 billion within 3 years.
What bank will CMS be using? (see number 2 above)
The corresponding bank network is worldwide with assets in excess of 300 Billion dollars with all assets
being managed by the CyberLink Trust. Many other worldwide banking institutions will be utilized by the
Cyberlink Trust to insure the safety and processing of all financial transactions in all areas of the globe.
What is a Liechtenstein Trust?
Throughout the world, Liechtenstein is known as one of the most prestigious and safe banking hosts sites
in the world. They offer banking to companies throughout the globe including some of the largest
companies in the world. It is known as a confidential and safe center for all financial transactions and is
quickly becoming one of the largest growing banking centers. It offers the ability for funds to be managed
by licensed and government approved management trust services to insure the safe and secure handling
of assets including banking and trust services. The Cyberlink Trust is a Registered Trust with the
Government to provide the secure, confidential and management services to its accepted members which
include not only Winners, but also Cyberlink Monetary System and other entities for management.
When will WINR have its system up and operational?
Our target date is set for late August 1998.
Is there a model of WINR'S system for testing enabling a Casino a ''test run'' prior to purchasing a
License?
The system should be able to be tested by July 30, 1998. WINR is finalizing the links between the
banking software and the Cyberlink Trust.
After a Casino is approved to become a Licensee of the WINR payout structure, what is the process for
the Casino to phase out its current method of payout while converting to the WINR'S payout system?
WINR will work with each Casino's technical staff to program the links required for full integration.
WINR'S focus will be that of a timely and smooth transition for each Casino during the interfacing
process.
What services does WINR provide and what are the benefits of being a licensed casino vendor?
There are a full range of benefits as follows:
Winners offers to be the complete management and accounting center by providing the licensed
casino with the exclusive use of the CMS(r) debit banking card.
Winners will provide the ability for the player to have safe, secure and confidential banking with the
direct interface with the casino via Winners Internet.
The customer will be issued a CMS(r) BankCard that will be accepted in over 100 countries in
more than 300,000 ATM's throughout the world.
The system will currently accept Master Card, Eurocard, Visa, American Express, and Diners Club
for customer transfers in addition to other acceptable methods.
The system offers the ability to have instant currency conversions for the convenience of the player
and will be offered in numerous different languages with nearly all world currencies available.
Winners also provides the added protection to the host government site that the system will offer
tracking to insure that all funds are handled and processed properly according to existing laws and
regulations.
Winners offers the credible system allowing the vendor to be accessed worldwide to undeveloped
markets and to insure that only legal markets are accepted for play.
Winners is not a casino and will never be competition, but will be a partner to insure the player that
their funds are fully protected by the strictest standards in International Law for Banking Trusts.
Winners will be the sole member of the Registered Cyberlink Trust(r) in the Gaming Industry
insuring that no other Internet Casino site will ever be able to have use of this exclusive system.
The rigorous standards for acceptance into the Winners network will be available to a limited
number of Internet Casinos. The Cyberlink Trust(r) will allow only a limited number to be licensed.
It is not expected at the present that reserves will be required to process bank card transactions for
the Casino with the CMS System for Processing.
The approved and accepted licensee may be able to utilize the CyberLink Trust to open a corresponding
account in order to receive the benefits of secure and confidential banking.
How many Casino Licenses does WINR project to issue?
CLT will most likely not accept all applications and thereby limit the number of Casinos that can be
licensed through WINR. WINR will make recommendations to CLT once the appropriate documentation
has been received for the processing of a Casino License; however, the acceptance of each License
remains with CLT.
Will WINR allow gambling in illegal jurisdictions?
There are currently states within the continental U.S. that will not allow Internet Gaming in addition to
certain foreign countries. Winners will not provide any business to those areas. Winners are monitoring
developments in legislation throughout the world and will adhere to all legislative decisions or regulations
in this regard. It is the intention of Winners to partner with host government sites to provide acceptance
of the winners system as a uniform structure that has the necessary safeguards that will be required.
WINR was not formulated as a global provider not limiting itself to only the U.S. market. WINR'S focus,
from its onset, has been directed to the European and Southeast Asian marketplace.
Will WINR allow Casinos to use their system to also accept payments in illegal jurisdictions?
No. The WINR system has been developed and structured for legality. There will be no illegal play
allowed within the WINR payout system. WINR will uphold all gaming regulatory rules and regulations
where and intends to work closely with all Government Host Sites insuring adherence to all International
Gaming Laws and Regulations.
Can the WINR payout system be duplicated?
It is impossible to say that any system cannot be duplicated in some manner. However, Winr plans to
continue to develop its technical and service abilities, but is also confident that its recognition by the CLT
and the proprietary software will allow it to maintain a very good share of the market. The acceptance as
a member of the Cyberlink Trust is proprietary to only Winners in the Gaming Market, which will give it
many advantages over others attempting to enter the market. Winr does feel that additional support in the
business will be welcomed because of what it projects is a very fast growing market. Extensive time,
technology, knowledge, banking relations and acceptance have all played a vital part in its unfolding.
Who are the principals involved directly or indirectly with the management of the Registered Cyberlink
Trust?
The Managing Director of Cyberlink Monetary System (CMS) is Dr. Reinhard Proksch. Dr. Proksch is a
partner with Consul Dr. HC Werner Walser, Legal Agent & Trustee in Liechtenstein who began in 1954.
Dr. Proksch holds various national and international law degrees, A Fulbright Scholar, and media law and
licensing, Dr. Phil ''sub auspiciis praesidentis'' in Communications. Their firm is recognized throughout
the world as one of the leading licensed banking trustees representing some of the most well known
international financial and investment corporations throughout the world providing licensed banking and
trustee management. Dr. Proksch is also a Director of GGLS and he owns CLT.
Dr. Walser is chairman of various national and international professional associations, and also chairs the
European Economic Institute (EWI) Liechtenstein, founded in 1969, Fordererkreis Prof. H. Oberth and
Wernherr von Braun, and Academia Mexicana de Derecho International Mexico/Liechtenstein. He is a
member of the Board of the Association of the Diplomatic Corps in Liechtenstein, and a member and
co-founder of the European Confederation of Associations of Enterprises/Brussels. He has earned the
highest honors and decorations for his work in Central Africa.
Trustee, Monika Varga, Executive Director, joined the firm of Dr. Walser more than 20 years ago and
has long-time experience as corporate director and professional trustee. She is in charge of corporate
matters (Corporate Secretary Division) and head administrator of the firm and of Burotel International
AG. As such she is also in charge of all special events such as educational seminars and social events
hosted by the firm.
MMAG Dr IUR, Birgit Proksch, Executive Director (P&A) is a lawyer (Mag.iur. Dr.jur.) And also has a
degree in German and English literature and philosophy (Mag. phil.). She specializes in international
licensing matters, corporate law and finance. Mrs. Proksch is in charge of the firm's onshore operations
and promotion activities. She is also in charge of the firm's publishing division.
FCA JD, Joseph N. Kanaan, of Counsel, is a fellow member of the Institute of Chartered Accountants in
England and Wales and a member of the Faculty of Taxation. He has studied American Law, and has
experience in the application of the SEC regulation in the U.S. Formerly a partner in the international
accounting firm Peat Marwick Mitchell, Mr. Kanaan gained wide experience in the Middle East, the
United States, Europe and Africa, specializing in trusts, banking, investments and finance. In the Middle
East clients included central banks, oil companies and airlines. He is a co-founder of Key Securities and
Unit Trust Ltd., which has earned numerous awards for its top investment performances.
Who is the management of WINR?
See outline below --
David Skinner, Jr., Chairman, President, Treasurer, also manages Skinner, Varney & Assocs. a tax and
business consulting firm. Since 1995, Mr. Skinner has also been affiliated with the Grand Holiday Casino
of Aruba and Curacao, where he set up and operated a payout structure for two Internet SportsBooks.
He has been responsible for financial transactions between foreign banks and customers worldwide. From
1995 to 1997 he was instrumental in the daily operations of Enterprise Distributors, Inc., a maker of
video gaming devices. Since 1996, Mr. Skinner has also served as President of the publicly traded
Caribbean Palace, Inc. d.b.a. Club Casablanca of Myrtle Beach, SC.
Sandra Varney, Administration Vice President, Secretary. As with Mr. Skinner, she too is affiliated with
Skinner, Varney & Associates. She has numerous years in the tax representation/preparation industry and
affiliation with an International & Regional Master Franchise Program. She has had extensive experience
in public relations, has overseen day-to-day operations of businesses and has maintained the books &
records of many high level corporations. She is an Enrolled Agent possessing a license to practice before
the Internal Revenue Service for the representation of both corporations and individuals involving tax
matters.
Charles Scott, Technical Vice President. Mr. Scott graduated from Florida State University of
Tallahassee, Florida with a Bachelors of Science in Computer Information Systems in 1988. Since 1995
he has been and is currently the Network Administrator for Skinner, Varney & Associates, Inc. of St.
Augustine, FL as well as being a consultant for offshore companies in both networking and the
development of Internet products. Mr. Scott has programmed in Microsoft Access and Visual Basic for
restaurant and gaming accounting systems, and his focus has been on cutting edge technologies related to
the Internet.
Also, of note, is that Dr. David C. Skinner, Sr., the President's father, has served as a consultant to
WINR. Dr. Skinner was once the Assistant Chief of the IRS Criminal Division in Jacksonville, Florida.
From 1964 through 1978 he was involved with the Criminal Investigation Division of the Treasury
specifically related to the Tax Division Department of Justice regarding organized crime strike force. In
addition, he worked with reference to systems technology involving financial transactions and creation of
databases with an Information Gathering Retrieval Unit, which was established with a U.S. Government
Strike Force. Subsequent, he went into private practice and lectured at law schools wherein the book he
authored entitled ''Defeating The IRS'' was used as a textbook. Further, he was involved in various
contacts and business dealings in the European financial theatre both working with the government and as
a private consultant.
Does WINR have exclusivity for Internet Gaming through CLT?
Yes. WINR has entered a formal agreement with the Registered Cyberlink Trust, Vaduz, and
Liechtenstein, to provide the formal Trustee Management Services to WINR. Dr. Proksch as the
Managing Director of Cyberlink Monetary Systems feels that providing the trustee services for the global
banking of WINR will be the significant foundation for financially secure international banking
transactions on the Internet backed with immediate worldwide currency exchange. CLT also plans on
sponsoring other Internet businesses with the availability of secure encrypted cyberbanking allowing all
transactions from the customer to the merchant on the Internet the security of trust services through the
most secure worldwide system available. However, CLT has agreed to exclusively represent only Winr in
relationship to Internet Gaming.
CMS recognized WINR as having the leading technology to provide safe, secure and confidential
transactions for the host government sites, the merchant and the customer. CMS has agreed to
exclusively license WINR as the sole user of the Cyberlink Monetary System in the Global World of
Internet Gaming. ''The system is the safest and most secure transaction system we have seen. We expect
to provide the foundation for the Global Banking Community to utilize the fast growing Internet market
by integrating CMS with the software technology offered by WINR. The credibility of WINR is greatly
enhanced in the Legal Internet Gaming Industry by not being a Casino or having self-interest in that area.
WINR offers the only credible system to give the Industry the safeguards and protection from such
practices. We want to insure the Internet customer that their funds are fully protected under the licensed
banking trustee management.''
WINR is a pioneer in developing a Global Gaming Payout System, which they feel, will revolutionize
both the Internet Casino and the International SportsBook method of payout. Once on WINR's System,
a Player will be able to track a full accounting of wins and losses at each licensed site. WINR intends to
work closely with all Government Host Sites insuring adherence to all International Gaming Laws and
Regulations.
Can a Casino accept other forms of deposits other than though WINR?
Once a Casino becomes licensed with WINR, the Casino must use WINR for all transactions. WINR
must be able to maintain control of all transactions in order to track all data and monitor all transactions
to ensure all processing adheres to regulatory standards. WINR needs to maintain this control for
complete efficiency of operations. If WINR would allow outside transactions, it would defeat its
regulatory factors and failsafe measures, which have been integrated within its structure. The License is
an entire package which not only includes the processing of all incoming and outgoing transmissions but
also includes an entire account of the succession of each entry which gives both the Casino and the
Player a clear picture at all times of winnings and losses. This coupled with the marketing provided by
WINR and its connections to the CyberLink Trust could enhance the client base of each Casino.
What are the benefits to a Casino and a Player to use the WINR payout structure?
The benefits to the Player and the Internet Gaming Community are:
CREDIBILITY
To the Internet Gaming Industry by WINR providing much needed acceptance and safeguards to
insure secure payments worldwide.
To Host Government Internet sites to insure compliance with all World Government Laws and
Regulations regarding Internet Gaming.
To Internet Players by providing the only accepted method of payment to customers worldwide.
To Internet Casinos by issuing the Internet Casino/ SportsBook the ''The Winners Seal of
Assurance.''
INTEGRITY
To Casino Accountability by providing a separate accounting for the Player so they can have
immediate access to their account information and insure that the right records are being maintained
by the Casino.
Industry Standards that insure all systems of payout are operated the same, worldwide, insuring
both confidentiality and consistency.
Player Account Access giving the player total access to his account information for all Casinos that
have been played using the WINR System.
Player Pin Number will be issued to follow the player Worldwide at ALL Internet Gaming Sites.
Security Code Update will be utilized granting the Player the most updated Security System to
insure confidentiality.
Win/Loss Tracking for all play, allowing the Player to separate records for all Casinos displaying
wins and losses, along with time and dates of play.
UNIFORMITY
The Worldwide Payout System insures the player the same method of payout available Worldwide
for all Internet Casinos regardless of the host site location.
Daily Currency Conversions are available, so the Player from any area of the World can be aware
of the dollar or other currency rates for play and payment.
Standardization of Dataflow so that the Player will be aware of what to expect from each Casino
after it has been given the ''Winners Seal of Assurance.''
Worldwide Player Ledger Profile enabling the Player to utilize the same system to view his play, his
account charges and methods of secure payment, whether by Debit Card, check or other available
payouts.
LEGALITY
Insuring Casino and Player compliance with Internet Gaming Laws throughout the World.
Setting the Standard that NO Payouts will be made in ANY Illegal Internet Gaming Jurisdiction.
Monitoring of all Gaming Transactions to insure that Money Laundering Transactions will not be
permitted.
Worldwide Acceptance of the System to be the cutting edge of proprietary technology, allowing the
Internet Gaming Industry to attain credibility with all Governments.
Contact:
Columbia Financial Group, Inc.
Jim Price, 888/301-6271
Winners Internet Launches the Winners Debit Card.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 9, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5140996
Thursday July 9, 9:15 am Eastern Time
Company Press Release
Winners Internet Launches the Winners Debit Card
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 9, 1998--David Skinner, Jr., President of
Winners Internet Network, Inc. (OTC-BB:WINR - news) announced today the launching of the
Winners Debit Card. The WINR Debit Card will be accepted at over 250,000 locations in 17
countries worldwide. Cyberlink Monetary System Trust will be providing the Debit Cards that will
be used by WINR's customers. Unrelated to WINR the Cyberlink Trust will also be issuing a Debit
Card to be used by other vendors in non-related gaming businesses and by shoppers worldwide.
WINR will be the only company issued the exclusive card for use in the legal Internet gaming
business worldwide. ''Having the Winners Debit Card available for our customers is a big plus in
providing a player with the ease to withdraw any of his winnings. A player will be able to withdraw
any of his winnings by certified funds, bank transfers or other related forms of payment or he can use
the WINR's card at any location with the same ease as any other charge card'', says Mr. Skinner.
''Here at Winners Internet, we have developed a Global Gaming Pay Out System, which we feel
will revolutionize both the Internet Casino and International Sports Book method of pay out. A
player will have the ease of getting on-line, going to our web site (www.winr.net) and choosing a
casino of his choice, to play. With our relationship with the Cyberlink Monetary System Trust, we
will have the ability to present winners throughout the world in eight languages, including German,
French, Japanese, Chinese, Italian, Spanish, Russian and English. Once on WINR's system a player
will be able to track a full accounting of wins and losses at each licensed site. WINR intends to work
closely with all Government Host Sites insuring adherence to all International Gaming Laws and
Regulations. Our system can immediately adhere to any laws throughout the world concerning
Internet gaming as we are monitoring very closely all legislative developments in this regard. Internet
gaming is a worldwide business that can be managed and interfaced by utilization of our system with
all host government sites to adhere to any and all regulations.''
The worldwide gaming industry is estimated at $500 billion annually. There are currently over 55
Internet Gaming sites in operation with an annual volume of approximately $100,000 million, a
relatively small part of the total gambling industry. It is estimated that legal Internet gaming could
reach $10 billion within 5 years. ''With WINR's secure, credible, and reliable system operational,
we feel that we will be able to capitalize on a vast portion of the industry.''
As previously announced, we feel that our total system will be fully operational in the latter part of
August, of this year. At that time we will begin facilitating all of our pending contracts. Over the next
12 months we value these agreements at 10-15 million dollars. At present we are under negotiations
with several other groups concerning our services, and are waiting to see the system in full operation
next month.
Over the past weeks our office has been deluged with questions from shareholders regarding all
aspects of the business operations including what is considered by our legal department releasing
proprietary information regarding our system that cannot be divulged until such time as we officially
begin our processing. As everyone must be aware, the system developed by Winners has many
trade secrets, including the method of processing all of the transactions. Not only from the standpoint
of our ability to offer secure transactions over the Internet, but also the worldwide banking structure
that has been developed in connection with Global Gaming Link System and the Cyberlink Trust in
Liechtenstein. We have found that when we attempt to answer questions one on one there is too
much of an opportunity to be misquoted and we cannot release any information to one without it
being shared with all shareholders by official public release statements. We have been generating
public releases as quickly as possible and our valuable resource at the present is time. We are
extremely busy in both the US and Europe making all the vital connections and interfaces necessary
to meet our time schedules. We regret that we are unable to answer every question, but we must
adhere to the legal advice in all of these areas especially since our success depends upon the full
international cooperation and consideration of all laws both in the US and other areas of the world.
Contact:
Columbia Financial Group, Inc.
888/301-6271
Winners Internet Network Accepted as a Member of the Cyberlink Trust.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 6, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5107284
Monday July 6, 1:07 pm Eastern Time
Company Press Release
Winners Internet Network Accepted as a Member of the
Cyberlink Trust
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--July 6, 1998-- David C. Skinner, Jr., President of
Winners Internet Network, Inc.,(OTC-BB:WINR - news) announced today the formal agreement
entered into with Cyberlink Monetary System(r) to provide the Formal Banking Trustee
Management Services, has led to the acceptance of Winners Internet as a member of the Cyberlink
Trust.
This has immediately expanded the ability for Winners to be presented throughout the world in eight
languages, including German, French, Japanese, Chinese, Italian, Spanish, Russian and English. This
has allowed Winners to be able to go forward with the Winners Debit Card. The Winners Debit
Card will be the first of its kind to be offered with banking support throughout the world. The
agreement with Cyberlink Monetary System, also a member of the Registered Trust, has
immediately placed Winners with the ability to accept MasterCard, Visa, Diners Club and others
that are being negotiated at the present time. In order to secure a worldwide market, Winners has
begun to interface programming with the supporting banking institutions. This will allow the Debit
Card to be offered much sooner than expected. As a result of the additional interface and
connections to rapidly expand the worldwide market, Winners has agreed with the Managing
Director of the Registered CMS Trust(r), DR. Reinhart Proksch, to provide the technical support for
CMS(r). They will also sponsor all Internet businesses wanting the availability of secure encrypted
cyberbanking, allowing all transactions from the customer to the merchant on the Internet, the
security of trust services. This will give Winners a broad expansion of a customer base worldwide. It
is expected that providing the banking interface will allow the business to be fully operational during
the latter part of August. Winners has recognized the need to expand into the worldwide market and
insure that all legal jurisdictions are offered the Winners system. With the acceptance of Winners as a
member of the Cyberlink Trust, Licensed Banking Trustee Management will insure the customers
that their money is fully protected under the most secure banking system in the world. This will
undoubtedly benefit Winners in gaining a large share of the worldwide market.
WINR is a pioneer in developing a, Global Gaming Pay out System, which they feel will
revolutionize both the Internet Casino and the International Sports Book method of pay out. Once
on WINR'S System, a player will be able to track a full accounting of wins and losses at each
licensed site. WINR intends to work closely with all Government Host Sites insuring adherence to all
International Gaming Laws and Regulations.
Contact:
David Skinner, Jr.,
Winners Internet Network, Inc. 800/358-4242
or
Brokers and Analysts
Columbia Financial Group, Inc., 888/301-6271.
Winners Internet Network Announces the Formal Agreement With Cyberlink Monetary System.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 17, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=4903597
Wednesday June 17, 3:06 pm Eastern Time
Company Press Release
Winners Internet Network Announces the Formal
Agreement With Cyberlink Monetary System
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 17, 1998--David Skinner, Jr., President of
Winners Internet Network, Inc. (OTC BB:WINR - news) announced today the formal agreement
with Cyberlink Monetary System, Vadez, Liechtenstein to provide the formal Banking Trustee
Management Services according to the Managing Director of CMS, Dr. Reinhard Proksch. Dr.
Proksch is a partner with Consul Dr. HC Werner Walser, Legal Agent & Trustee in Liechtenstein
who began in 1954. Mr. Proksch holds various national and international law degrees, A Fulbright
Scholar, and media law and licensing, Dr. phil ''sub auspiciis praesidentis'' in Communications.
Their firm is recognized throughout the world as one of the leading licensed banking trustees
representing some of the most well known international financial and investment corporations
throughout the world providing licensed banking and trustee management.
Dr. Walser is chairman of various national and international professional associations, and also
chairs the European Economic Institute (EWI) Liechtenstein, founded in 1969, Fordererkreis Prof.
H. Oberth and Wernherr von Braun, and Academia Mexicana de Derecho International
Mexico/Liechtenstein. He is a member of the Board of the Association of the Diplomatic Corps in
Liechtenstein, and a member and co-founder of the European Confederation of Associations of
Enterprises/Brussels. He has earned the highest honours and decorations for his work in Central
Africa.
Dr. Proksch as the Managing Director of Cyberlink Monetary Systems feels that providing the
trustee services for the global banking of Winners Internet will be the significant foundation for
financially secure international banking transactions on the Internet backed with immediate
worldwide currency exchange. CMS also plans on sponsoring other Internet businesses with the
availability of secure encrypted cyberbanking allowing all transactions from the customer to the
merchant on the Internet the security of trust services through the most secure worldwide system
available. CMS recognized Winners as having the leading technology to provide safe, secure and
confidential transactions for the host government sites, the merchant and the customer.
CMS has agreed to exclusively license Winners as the sole user of the Cyberlink Monetary System
in the Global World of Internet Gaming. ''The system is the safest and most secure transaction
system we have seen. We expect to provide the foundation for the Global Banking Community to
utilize the fast growing Internet market by integrating CMS with the software technology offered by
Winners. The credibility of Winners is greatly enhanced in the Legal Internet Gaming Industry by
not being a casino or having self-interest in that area. We have seen and are continuing to see a
number of Internet Casinos attempting to disguise banking when in reality they are Internet
Casinos. Winners offers the only creditable system to give the Industry the safeguards and
protection from such practices. We want to insure the Internet customer that their funds are fully
protected under the licensed banking trustee management.''
WINR is a pioneer in developing a Global Gaming Payout System which they feel will revolutionize
both the Internet Casino and the International SportsBook method of payout. Once on WINR's
System, a player will be able to track a full accounting of wins and losses at each licensed site.
WINR intends to work closely with all Government Host Sites insuring adherence to all
International Gaming Laws and Regulations.
Contact:
Winners Internet Network, Inc.
Sandy Varney or David Skinner, Jr., 800/358-4242
or Brokers and Analysts - Columbia Financial Group, Inc.
888/301-6271
Winners Internet Network Signs a Letter of Intent With Interbet Corporation.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 5, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=4735597
Winners Internet Network Signs a Letter of Intent With Interbet Corporation
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--June 5, 1998-- David
Skinner, Jr., President of Winners Internet Network, Inc. (WINR)
(OTC-Bulletin Board: WINR) announced today the signing of a Letter of
Intent with Interbet Corporation (Interbet). With the signing of this
Agreement, Interbet will be utilizing the WINR Internet Gaming
Financial Structure allowing Interbet to accept play Worldwide from
customers using multi- currency. Additionally, with the signing of
this Agreement, it is believed that this contract, between the
Licensing Price and the Processing Fees, will generate income of
$500,000 to $600,000 per year for WINR.
Interbet Corporation is a company that developed its own Casino
software package and can be found at the address of
www.interbetcasino.com on the Internet. This company plans to become
fully operational by mid July 1998 which coincides with the WINR
package which is projected to also become fully operational at the
beginning of July 1998.
WINR is a pioneer in developing a Global Gaming Payout System
which they feel will revolutionize both the Internet Casino and the
International SportsBook method of payout. Once on WINR'S System, a
player will be able to track a full accounting of wins and losses at
each licensed site. WINR intends to work closely with all Government
Host Sites insuring adherence to all International Gaming Laws and
Regulations.
CONTACT:
Winners Internet Network, Inc.
Sandy Varney, David Skinner, Jr.
800/358-4242
or
Columbia Financial Group, Inc.
888/301-6271
KEYWORD: FLORIDA
BW1081 JUN 05,1998
Winners Internet Network Signs a Marketing Agreement with Access World, Inc.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 14, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5452036
Thursday May 14, 11:09 am Eastern Time
Company Press Release
Winners Internet Network Signs a Marketing Agreement
with Access World, Inc.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 14, 1998--David Skinner Jr., president of
Winners Internet Network, Inc. (WINR) (OTC BB:WINR - news), announced today the signing of
a Marketing Agreement with Access World, Inc. (ACCESS).
With the signing of this agreement , WINR has granted ACCESS the rights to sell WINR'S
Licenses for its Global Gaming Payout Structure. With this contract ACCESS will sell a minimum of
21 Licenses per year. With the License price of $100,000 each, this will generate 2.1 million dollars
in Licensing revenue yearly. Along with the License revenues, it is believed that this contract will
generate between 6-8 million dollars per annum in processing fees for WINR.
ACCESS is a marketing company that sells Casino Software Packages around the world. In
conjunction with their marketing, thru the signing of this contract they have agreed to exclusively
market the WINR Payout Structure worldwide as it is the only Credible, Safe, Structured Payout
System.
WINR is a pioneer in developing a Global Gaming Payout System which they feel will revolutionize
both the Internet Casino and the International SportsBook method of payout. Once on WINR'S
System, a player will be able to track a full accounting of wins and losses at each licensed site.
WINR intends to work closely with all Government Host Sites insuring adherence to all
International Gaming Laws and Regulations.
Contact:
Winners Internet Network, Inc.
Sandy Varney/David Skinner, Jr., 800/358-4242
or
Brokers and Analysts:
Columbia Financial Group, Inc.
888/301-6271
Winners Internet Network Announces Commencement of Operations.
ST.AUGUSTINE, Fla.--(BUSINESS WIRE)--May 6, 1998.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=5452027
Wednesday May 6, 1:55 pm Eastern Time
Company Press Release
Winners Internet Network Announces Commencement of
Operations
ST.AUGUSTINE, Fla.--(BUSINESS WIRE)--May 6, 1998--David Skinner Jr.,
President of
Winners Internet Network Inc. (WINR) (OTC Bulletin Board: WINR - news) announced
today
the closing of the financing needed to complete the commencement of their World-Wide
Internet
Gaming Payout Structure. The financing was completed by EPA Continental Holdings.
WINR believes now that funding is complete, within 45-60 days the company will be fully
operational to provide their worldwide Internet Gaming Payout System. This capital will
further
enhance the corporation's marketing efforts to sell Licenses worldwide.
WINR is a pioneer in developing a software system that makes possible a secure and
reliable
payout structure for worldwide Internet Casinos and Sportsbooks. ''the existing sites suffer
from
credibility problems.'' ''There is no uniform payout structure that gives the players
confidence that
their legal winnings will be paid.'' says Skinner. We feel that our software program will be
''the
Standard in the Industry.''
The worldwide gaming industry is estimated at $500 billion annually. There are currently
over 55
Internet Gaming sites in operation with an annual volume of approximately $100 million, a
relatively
small part of the total gambling industry. It is estimated that legal Internet Gaming could
reach $10
billion within 5 years when WINR's secure, credible, and reliable system is operational.
''At present, there is no known competition to the proprietory software for which Winners
has
exclusive rights,'' says Skinner.
On Nov. 24, Winners announced the signing of a contract to provide its worldwide gaming
payout
structure to Telecommunication Information System Services, N.V. (TISS). TISS is the
only fully
operational licensee of the four exclusive licenses given by the Netherland Antilles
government.
TISS currently has in operation and has provided sublicensing to approximately 30 Sports
Wagering and Casino sites. Their growth posture is expected to provide 40 Internet casino
sites, 30
internet Sports Wagering sites and 20 ''800'' number Sports betting sites. WINR values this
agreement over the next 12 months at 10 to 15 million dollars.
Contact:
Winners Internet Network Inc.
David Skinner Jr., 800/358-4242
or
Columbia Financial Group Inc.
888/301-6271 (Brokers and Analysts)
WINNERS INTERNET NETWORK, INC. SIGN LETTER OF INTENT FOR FINANCING.
ST. AUGUSTINE, Fla., March 3, 1998 /PRNewswire.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=14173858
WINNERS INTERNET NETWORK, INC. SIGN LETTER OF INTENT FOR FINANCING PR Newswire - USA ; 02-Mar-1998 11:00:00 pm ; 208 words
ST. AUGUSTINE, Fla., March 3 /PRNewswire/ -- Winners Internet Network, Inc. (OTC-Bulletin Board: WINR) (WINR) announced today the signing of an agreement with Atlantic Holdings Limited for a corporate loan. This proposed funding will enable the corporation to begin operations providing its worldwide Internet Gaming Payout System.
WINR believes this purported funding will catapult its venture into mainstream operations becoming fully on-line and operational within 45-60 days from receipt of the funding. This venture capital will further enhance the corporation's marketing efforts to sell Licenses worldwide. WINR has developed a Global Gaming Payout System which they feel will revolutionize both the Internet Casino and the International SportsBook method of payout.
For additional information on the Company, contact David C. Skinner, Jr., at 800-358-4242. For Brokers & Analysts contact Columbia Financial Group, Inc. at 888-301-6271.
/CONTACT: David C. Skinner, Jr., Winners Internet Network, Inc., 800-358-4242, or Brokers & Analysts: Columbia Financial Group, Inc., 888-301-6271/ 08:01 EST
Winners Internet Network, Inc. (WINR) Announces the Signing of its First Multi-Million Dollar Contract Implementing its Worldwide Gaming Payout System.
ST. AUGUSTINE, Fla., Nov. 24, 1997 /PRNewswire.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=4351763
Winners Internet Network, Inc. (WINR) Announces the Signing of its First Multi-Million
Dollar Contract Implementing its Worldwide Gaming Payout System
PR Newswire, Monday, November 24, 1997 at 08:16
ST. AUGUSTINE, Fla., Nov. 24 /PRNewswire/ -- Winners Internet Network
(OTC-Bulletin Board: WINR), today announced that it has signed a contract to
provide its worldwide gaming payout structure to Telecommunication Information
System Services, N.V. (TISS). TISS is the only fully operational licensee of
the four exclusive licenses given by the Netherland Antilles government.
TISS, through its sublicensing agreements, provides telecommunication
resources and support to worldwide Gaming Casinos and Sports Wagering
facilities. WINR has recognized TISS to be the standard in the industry for
Internet gaming because of the rigorous licensing requirements established by
the government of the Netherland Antilles.
TISS currently has in operation and has provided sublicensing to
approximately 30 Sports Wagering and Casino sites. Their growth posture is
expected to provide 40 Internet Casino sites, 30 Internet Sports Wagering
sites and 20 "800" number Sports Betting sites.
WINR has developed a Global Gaming Payout System which they feel will
revolutionize both the Internet Casino and the International SportsBook method
of payout. Once on WINR's System, a player will be able to track a full
accounting of wins and losses at each licensed site. WINR intends to work
closely with all government host sites insuring adherence to all international
gaming laws and regulations.
WINR values this agreement over the next 12 months at 10 to 15 million
dollars. WINR is estimating that they will begin operations with TISS no
later than March 1st of 1998 or as soon as mid January of 1998.
For further information, contact Sandy Varney or David Skinner, Jr. at
800-358-4242 or visit their web-site at www.winr.net. Brokers and Analysts,
Contact Columbia Financial Group at 888-301-6271.
SOURCE Winners Internet Network, Inc.
-0- 11/24/97
/CONTACT: Sandy Varney or David Skinner, Jr., Winners Internet Network,
Inc., 800-358-4242, or Brokers and Analysts - Columbia Financial Group,
888-301-6271/
/Web site: http://www.winr.net.com/
Winners Internet Network Inc., Formerly Known as Comstock-Empire International Inc., Makes Announcement.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 7, 1997.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=4351736
Winners Internet Network Inc., Formerly Known as Comstock-Empire
International Inc., Makes Announcement
BusinessWire, Friday, November 07, 1997 at 08:16
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 7, 1997--Winners
Internet Network Inc. (OTC BB:WINR) will be among 80 of the top
growth companies in the world to gather Nov. 19 at Discovery Expo
'97 to meet 1,000 Wall Street movers and shakers at the New York
Hilton and Towers.
This fourth in a unique series of Discovery Expos was organized
by The Investment Reporter, a Newport Beach, Calif.-based financial
newspaper, to bring together undiscovered companies with
high-profile growth fund managers, analysts, stockbrokers and
sophisticated investors in a one-day event.
These key players will have a chance to become acquainted with
the products, top executives and future outlook of participating
Nasdaq and OTC Bulletin Board listed firms whose stock represents
opportunities for appreciation.
"When you're a mid-cap or small-cap company you tend to fall off
the financial radar screen no matter how well you're doing
financially," said John G. Robbins, publisher of The Investment
Reporter, host of the Discovery Expos. "The financial world needs
to find growing companies whose shares have further upside potential
and these companies want to be discovered. Expo '97 is a convenient
way for them to find each other."
Winners Internet Network Inc. is publicly traded on the NASDAQ
Electronic Bulletin Board under the symbol: "WINR."
CONTACT: Winners Internet Network Inc., St. Augustine
David C. Skinner Jr., 904/471-4242
KEYWORD: FLORIDA NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET ENTERTAINMENT TRADESHOW
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
Global Penny Stocks Special Research Report: WINR.
August 26, 1997.
http://www.pennystock.com/winners.html
George T. Schlieben, Publisher SPECIAL RESEARCH REPORT
August 26, 1997
©1999. GLOBAL PENNY STOCKS, PO Box 372, Yardley PA 19067. Information contained herein is based on sources we believe to be reliable but we do not guarantee its accuracy. Prices and opinions concerning the composition of market sectors included in this report reflect the judgments as of this date and are subject to change without notice. This report is for information purposes only and is not intended as an offer to sell or a solicitation to buy securities. Global Penny Stocks or persons associated with it may own securities of the issue described herein and may make purchases or sales while this report is in circulation. The publisher, George Schlieben, received a fee of $3,500 from the company or its investor relations agency to write this report. The publisher WILL NOT take a postion in a recommended security featured in this report.
WINNERS INTERNET NETWORK, INC.
Price: (OTC: BB: WINR) $4.78 E.P.S.
Yearly Range: $4.78 - $3.00 1998E $.19
Shares Outstanding: 10.5 million 1999E $.31
Estimated Float: 1 million 2000E $.40
Market Cap: $50 million
Book Value Per Share: 17.8¢
Estimated Growth Rate: 50% - 100% BALANCE SHEET
Dividend: Nil Net Working Capital $187,000
Return on Equity: Nil Current Ratio 1.1/1
Marginable: Nil Long Term Liabilities $1,950,000
Average Daily Volume: 7,500 Shareholders Equity $187,000
Location: St. Augustine, FL Suitability: Speculation
Recommendation: BUY
One-Year Target: $8.00 to $10.00
Two-Year Target: $9.00 to $12.00
INVESTMENT CONCLUSION
Internet gaming is still in its embryonic state. There presently are over 55 internet casinos, and more are being added weekly. The current annual "take" on net gaming is pegged at around $100 million; a substantial sum, and, depending upon whom you ask, is estimated to reach $10 billion by year 2002. This is still a wide-open market, and, in many respects, is reminiscent of the old gaming frontier towns of the American Wild West. And, therein, has been net gaming's major drawback.
Not one of the 55 plus web gaming sites possess true creditability, because they do not have any payoff structure and cannot provide players with true security. Also, there is no true firewall that prevents a player from a "non-legal" country to gaining access to a web gaming site.
Today, a player goes to a web gaming site and enters a charge card number, or wires funds to the site operator. The player hopes, and perhaps prays, that he/she is dealing with a scrupulous and creditable net casino, but there are no guarantees! Doesn't give one the warm fuzzies, does it?
Soon, however, a company will be offering a solution to all these detriments. This company is WINNERS INTERNET NETWORK, INC. (OTC BULLETIN BOARD: WINR).
Headed by a CEO with extensive offshore gaming connections, Winners owns the exclusive rights to proprietary technology that offers to web gaming operators a new software and banking system ensuring creditability and that provides them with a payoff structure. This should revolutionize internet gaming, since it is expected that this system will become the standard for the industry. So readily should this technology be accepted by the web gaming industry that the company anticipates to grow 50% to 80% annually for the next five years.
Accordingly, we rate the shares of Winners Internet Network, Inc. a BUY with SPECULATION. It is rare when a company has the rights to technology that could revolutionize an entire industry, particularly one that promises to be as vast and worldwide as web gaming. Also, it is seldom when a company such as Winners, has the confidence to give multi-year projections on earnings. In the first year, the company anticipates 19¢ per share earnings; 31¢ in year two; 40¢ in year three; 66¢ in year four; and over $1.00 a share in the fifth year. These projections are based on the current activity in web gaming, and do not take into account the industry potential for extraordinary growth. Based on these projections, and the proprietary technology, we give the stock a one-year target of $8.00 to $10 and a two-year target of $9.00 to $12.
COMPANY BACKGROUND
Winners Internet Network, Inc. assumed its present identity on July 21, 1997. To effect public trading of its shares, the company was backed into a shell corporation previously named Comstock Empire International, Inc. Winners owns and controls The Davki Agency, Inc., which has an exclusive right to a software program that provides a means of payout for customers of Internet casinos and sportsbooks.
Although Winners is a recent start-up, it is a pioneer company, and, like a pioneer, stands to reap huge rewards, since it has no known competition. Because of this fact, the company has positioned itself to profit from most wager transactions made over the internet, and the market appears limitless.
Presently, there does not exist in the web gaming industry a uniform payoff structure to playing customers who enter video casinos, and, with few exceptions, web gaming sites have been unable to design and format a system that will ensure complete creditability. Web gaming is an exploding industry, but, without these glitches, it could become even more explosive. If a person wishes to gamble on the internet, they are given a menu of nearly 60 web gaming sites from which to choose. Most players have no real confidence in many of these sites because they have no real guarantees they will ever see their money again, or be paid their winnings, if any.
What all web gaming sites need is something akin to the Good Housekeeping Seal of Approval. Enter Winners, who, through their 100%-owned The Davki Agency, feels it has overcome the confidence gap by developing a Global Gaming Payout System which could revolutionize both the video casino and the international sportsbook method of payoff. This system, which will link to the international banking community, also will ensure compliance with all existing laws and provide an audit structure for governments. It also provides an audit function to guarantee governments receipt of their percentage of profits.
Winners feels it has set the stage to offer "the only secure payout system". The company has signed an exclusive 10-year agreement with Global Gaming Link Systems (GGLS), the designer of the proprietary software; this agreement is renewable. Winners developed the system concept and GGLS wrote the software. As part of the accord, GGLS will also represent Winners in establishing the worldwide system of gaming and sportsbook payoffs.
GGLS has contracted with a Liechtenstein company to provide the management and accounting services to guarantee not only the accuracy of payments, but confidentiality to the customers. It is believed that the method of payment cannot be duplicated. The Liechtenstein company has been able to provide the unique services of a highly regarded software company that provides services for many banking and government institutions.
The central bank, through which the gaming transactions will be made, is purported to be an extremely respected European financial institution. Its name, and that of the Liechtenstein company, must be kept confidential until final details of the payout systems are announced, which should be within the next several months.
Not only should the system establish the only legal and foolproof payout structure, it should also add light years to players confidence in casino gaming. A player will send his/her money to the bank, which guarantees its safety, and also guarantees that players will receive their winnings, if any. Players are issued pin numbers, and within the next six to nine months, the bank should also be offering debit cards, also a first for internet gaming. The bank will list on its web pages the web gaming sites that are enrolled in the Winners system. Players will be paid in the currency of their country.
The Winners system should also end the money laundering that is now rampant throughout web gaming. Safegaurds are already established to prevent this from continuing, and it is believed that the Winners system will be the model used throughout the net casino industry. Likewise, the company will ensure that all illegal betting will not be serviced. For instance, if it is illegal to gamble in New York City, no payouts will be made to Big Apple residents, thereby giving added creditability to offshore gaming operations.
Winners does not foresee major hurdles in selling their system to legitimate web gaming sites. Besides giving a site respectability with "The Winners Seal of Assurance" (or something like that), and providing a payout structure, the company's system will also save gaming operators significant amounts of overhead. No longer will operators need to employ legions of workers to cut thousands of checks weekly. The proprietary software will be able to interface through the existing software now being used by all internet casinos, so as to enable the casinos to be totally serviced for all payouts. Winners has been informed by hands-on operators that it is virtually impossible for a self-user to match the payout systems that Winners/GGLS offers.
So, how does Winners make money from this? Transaction fees. The company will receive 0.5% of al system transactions. For example, if there is a $100,000 payout, $500 goes to Winners. If total annual transactions amount to $10 billion, and that could be the case in five or six years, Winners would get $50 million.
Another potential source of revenue for Winners is through Master Licenses. Presently, there are three Master Licenses available - The Internet Casino, The Internet Sportsbook, and The Call-In Sportsbook. The Master License would allow the Licensee to sell to other casino/sportsbook operations and to participate in the transaction fees and a portion of the license renewal. The basic cost for a Master License is $110,000. The Sub-Licensee would acquire the yearly rights for the Master License at an annual fee of $40,000, or more, according to the size of the License. One half of the proceeds will be paid to GGLS and Winners will receive 25% of those proceeds. In addition, the Licensee will participate in the transaction fee based on a flat amount of a handle percentage.
A new age in internet gaming is about to unfold, and Winners is on the cutting edge of proprietary technology that will allow this infant industry to gain quick creditability. It should set the industry trend for payouts and attain worldwide acceptance.
Could Winners become the Microsoft of the gaming industry?
The company's address is Winners Internet Network, Inc., 15 Eight Street, St. Augustine, FL 32084. Phone: 800-358-4242 or 904-471-4242; fax: 904-471-5155.
COMPETITION/RISKS
Presently, there is no known competition to the proprietary software for which Winners has exclusive rights. However, there is always the possibility that another company (ies) could develop a superior or similar product, therefore, severely impeding the company's operations.
Changes in government regulations toward gaming could affect Winners' operations. United States citizens, as well as those in many other countries, are mostly barred from internet gaming. Should those offshore governments that now allow net gaming negatively alter their regulations toward the industry, the market for new customers would be greatly reduced and could severely change Winners revenue projections, growth, and operations.
Should the web gaming industry not utilize the Winners system, or the industry's response to the system not be accepted as anticipated, Winners may not be able to continue operations.
Should any of the companies with whom Winners has alliances falter or fail to perform their functions, Winners could be severely affected.
Since this is a start-up company, an investment in it must be considered highly speculative, and investors should be prepared to lose a portion, or all, of their investment.
For the company to fulfill its objectives, it may need more capital. This funding may have to be raised through secondary stock offerings, as has current funding been raised. As these new shares enter the market, they could cause downward pressure on stock price.
MANAGEMENT
David Skinner, Jr., Chairman, President, Treasurer, also manages Skinner, Varney & Assocs., a tax and business consulting firm. Since 1995, Mr. Skinner has also been affiliated with the Grand Holiday Casino of Aruba, where he set up and now monitors the payout structure for an the international Sportsbook; he is also responsible for financial transactions between customers and foreign banks. From 1995 to 1997, he was instrumental in the daily operations of Enterprise Distributors, Inc., a maker of video gaming devices. Since 1996, Mr. Skinner has also served as President of the publicly-traded Caribbean Palace, Inc. (Club Casablanca), of Myrtle Beach, SC, which offers fine dining, a sports lounge, and legalized gaming devices.
Sandra Varney, Vice President, Secretary. As with Mr. Skinner, she too is affiliated with Skinner, Varney & Associates and serves as its Executive Vice President, where her duties include liaison with international and regional master franchises, marketing, and overseeing day-to-day operations.
Kimberly Stein, Executive Vice President. From 1996 to the present, Ms. Stein has been Vice President of the Davki Agency, where she has been the liaison with the European market in the development of the proprietary software, and instrumental in establishing a network of financial institutions for implementing the business plan. She has held accounting and technology posts with H&M Air Charter and the Holiday Inn Corp.
Charles Scott, Technical Vice President. From 1995 to the present, Mr. Scott has been affiliated with Skinner & Associates. In this position, he has designed and implemented secure internet and intranet to multiple sportsbooks in Curacao. He has a B.S. in Computer Information Systems from Florida State University, and is quite knowledgeable about most computer systems and software applications.
Also, of note, is that David Skinner, Sr., the President's father, is serving as a consultant to Winners. Mr. Skinner was once the Assistant Chief of the IRS Criminal Division in Jacksonville, Florida.
INVESTMENT CASE AND OUTLOOK
Management Expertise. When investing in a start-up company, such as Winners, an investor first needs to closely scrutinize management, since management will assuredly make or break this sort of enterprise. Without sounding overly trite, Winners has winning management. Not only does management possess the backgrounds in gaming, accounting, and hi-tech that are paramount to achieving its goals, it also appears to be very well-connected to offshore gaming operations and European financial institutions. Within the next few months, the
Historical and Pro Forma Financial Information 1998E 1999E 2000E 2001E
Revenues 5,000,000 7,980,000 14,930,000 24,480,000
Direct Costs 2,960,000 4,670,000 10,720,000 17,470,000
NET INCOME (LOSS) 2,040,000 3,310,000 4,210,000 7,470,000
Net gain (loss) per share 0.19 .31 .40 .66
Average # of shares outstanding 10,500,000 10,500,000 10,500,000 10,500,000
company will reveal the complete details of its payout system. We also suspect that management has its ducks in order, and will announce its first customers at that time, or shortly thereafter.
Proprietary and Revolutionary Technology. The second thing investors should do when considering an investment in a start-up is to ask, "What makes this company unique? What sets it apart from the herd?" The proprietary software for which Winners has exclusive rights promises to revolutionize an entire industry by bringing to web casinos a payout structure, creditability, much-needed respectability, and player confidence. Presently, net gaming lacks all of these requisites, and, if the industry hopes to maximize its full potential, it will need the technology being offered by Winners and its allied companies.
Legitimacy For Net Gaming. This is a point that cannot be over-emphasized. When players currently enter the world of net gaming they feel as if they are sitting down in a saloon and playing poker with Doc Holiday and Wyatt Earp. By combining the technology for a payout structure along with the services of a highly regarded software company and a highly respected European financial institution, Winners should help to allay many of the apprehensions that players now have about net gaming.
Potential Governmental Backing. This could be a key factor in determining how expeditiously Winners markets its payout structure to the net gaming industry. Web gaming sites are primarily hosted by offshore governments that fret about money laundering, compliance with their laws, illegal betting, and receiving their tax revenues. The Winners systems should provide the needed safeguards to ease all these governmental concerns. Once the various governments recognize this, it is very possible they could enact regulations requiring gaming site operators to utilize the Winners system.
Cost Savings for Web Gaming Operators. Another determinant in selling the payout structure is the potentially immense cost savings for web gaming operators. A single operator may now need to employ up to ten or twenty people to cut thousands of checks weekly. With the Winners system, this enormous overhead could be eliminated, thereby, adding tens of thousands of dollars to a site operator's bottom line, and enhancing the marketability of the company's payout structure.
Revenue/Earnings Potential. Winners will garner 0.5% of all wagers made on web gaming sites that implement its payout structure. Although a half a percentage point at first seems minuscule, it can translate into millions of dollars in revenue and earnings for Winners, particularly when one considers that a single web gaming site can transact thousands of wagers daily with bets ranging from several hundred to several thousands of dollars. The box above shows what Winners is projecting from revenue and earnings for its first four years. The company anticipates a 300% increase in earnings during this period. Given the anticipated industry response to the Winners system, coupled with possible governmental backing and the support of a major banking institution, it is quite possible that the company has been modest in its projections.
The Microsoft of the Gaming Industry? Too often, a small company mentions Microsoft when describing itself. However, if Winners does indeed prove that they have the only legal and foolproof system for a payout structure for the web gaming industry, then the Microsoft analogy will be justified.
Is the stock's current price of almost $5.00 warranted, since it gives the company a market cap of $50 million? That question will be better answered once Winners announces the details of its system and reveals its initial customers. Taking into account the backgrounds of management, we are inclined to believe that Winners should make a fast start out of the gate. We give the company the benefit of the doubt and give its stock price a one-year target of $8.00 to $10; two-year target of $9.00 to $12.
For additional information, contact Columbia Financial Group at 888-301-6271.
This report prepared by:
George T. Schlieben, Publisher
Global Penny Stocks
Box 372
Yardley, PA, 19067
http://www.pennystock.com
New System Insures Safe Global Gaming on the Internet.
HILTON HEAD, S.C., Aug. 26, 1997.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=4351656
New System Insures Safe Global Gaming on the Internet
PR Newswire, Tuesday, August 26, 1997 at 08:23
HILTON HEAD, S.C., Aug. 26 /PRNewswire/ -- Guidera Communications,
headquartered in Hilton Head, South Carolina, and Winners Internet Network,
Inc. (OTC-Bulletin Board: WINR), a St. Augustine, Florida-based company with a
worldwide system for Internet gaming payoffs, today announced they will work
together to educate and inform Wall Street's investment brokerage community
about WINR's unique system.
R.C. Chapo, Chairman of Guidera, said, "Winners Internet Network has
exclusive rights to a software system that provides safe payouts for customers
of Internet casinos & sports books worldwide. It is expected to give the
Internet gaming industry much needed acceptance & safeguards to insure
payments, comply with local, state, national and international government laws
& regulations, & provide an audit structure for governments to guarantee their
percentage of profits.
"Safeguards insure that illegal betting operations will not be serviced.
If it is illegal to gamble from a designated area, no payoffs will be made to
those territories."
WINR's Davki Agency subsidiary has an exclusive agreement with Global
Gaming Link Systems to represent their interests in establishing the worldwide
system. Global contracted with a Liechtenstein company to provide management
& accounting services to guarantee accuracy of payments & confidentiality to
customers.
The system is scheduled to be operational this fall. It is expected to
provide a link to the global administration of Internet gaming by providing
the standard for the gaming industry.
President David C. Skinner, Jr., who has extensive experience in the
gaming industry, said, "This structure is the missing link that all
gaming/sports betting operations have been looking for. Davki is on the
cutting edge of technology that will allow the industry to gain quick
credibility in the marketplace. Nearly 15 years of European contacts & two
years of planning here have made this unique effort possible."
Guidera Communications updates brokers throughout the United States on a
one-to-one basis on behalf of its publicly traded clients.
SOURCE Guidera Communications
-0- 8/26/97
/CONTACT: Corporate: Columbia Financial Group, 888-301-6271, or Brokers &
Analysts: David Remer at Guidera Communications, 803-681-3399/
TCF Completes Merger With Winthrop Resources.
(Explains how we got the ticker symbol, "WINR").
MINNEAPOLIS, June 24, 1997 /PRNewswire.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=4356135
TCF Completes Merger With Winthrop Resources
PR Newswire, Tuesday, June 24, 1997 at 16:45
MINNEAPOLIS, June 24 /PRNewswire/ -- TCF Financial Corporation (TCF)
(NYSE:TCB) announced that its merger with Winthrop Resources Corporation
(Winthrop) (NASDAQ:WINR) was completed today after the shareholders of both
companies approved the merger.
Winthrop is now a wholly owned subsidiary of TCF. John L. Morgan will
continue as president of Winthrop and has joined TCF's board of directors.
The merger transaction is being accounted for as a pooling of interests.
As a result of the merger, each common share of Winthrop is being exchanged
for 0.7766 of one common share of TCF, for a total of approximately
6.9 million TCF common shares. The aggregate merger price is approximately
$340 million, or $38.05 per Winthrop common share, based on TCF's closing
stock price of $49 per share on June 23.
On Feb. 14, TCF and Winthrop signed a letter of intent to merge, which was
followed on Feb. 28 with the signing of a definitive merger agreement. TCF
received regulatory approval from the Federal Reserve Board on June 2.
Winthrop is a Minneapolis-based financial services company that leases
computers, telecommunications equipment, point-of-sale systems and other
business equipment to companies nationwide. At March 31, Winthrop had leased
assets totaling $348 million.
TCF is a national bank holding company based in Minneapolis with
$7 billion in assets. TCF's banks operate in Minnesota, Illinois, and
Wisconsin as TCF National Bank, and in Michigan and Ohio as Great Lakes
National Bank. Other TCF affiliates include consumer finance, mortgage
banking, title insurance, annuity and mutual fund sales companies.
SOURCE TCF Financial Corporation
-0- 6/24/97
/CONTACT: Investors, Cynthia W. Lee, 612-475-7936, Investors, Ann
Storberg, 612-475-7940, or Media, Elizabeth Anders, 612-475-7938, all of TCF
Financial Corporation/
Earth Products & Technologies Inc · 10KSB · For 12/31/98
http://www.secinfo.com/dV768.63.htm
John W. Peters was appointed President and Chairman of the Board on June
9, 1997. He served as a director of the Company from January 15, 1997. Mr.
Peters was Operations Manager of the Company from 1993 through 1995. From
1991 to 1992, Mr. Peters was president of Certified Environmental
Laboratories, Inc. From 1987 to 1991, Mr. Peters was vice president of sales
and marketing for Comco Communications Corp. in California. Mr. Peters
studied business administration at Long Beach Community College and California
Polytechnic State University in San Louis Obispo, California.
John W. Peters
2554 West 4985 South
Taylorsville, Utah 84118
Anita Patterson was appointed Secretary of the Company on June 9, 1998.
She has served as a Director of the Company since June of 1998. Ms. Patterson
currently works as a paralegal specializing in corporate law. In 1994 she
received an Associate of Arts degree in the paralegal program from Phillips
Junior College. She attended Weber State University during 1986 to 1987.
PHI Mutual Ventures, LLC.
1993 Dewer Lane #1-254
Rock Springs, Wyoming 82901
PHI Mutual Ventures, LLC
525 South 300 East
Salt Lake City, Utah 84111 http://www.secinfo.com/dV768.62z.htm
Background
Not necessarily in this order, but reproduced from: http://www.sec.gov/Archives/edgar/data/1045181/0001023175-99... unless noted otherwise.
Winners Internet developed and owns proprietary software and technology which processes financial data on the Internet and is linked to established banking structures.....
Global Gaming Link Systems, Inc., a Liechtenstein company ("GGLS"), developed the initial test prototype software which established an initial database for Internet financial transactions.....
Davki Agency... a Delaware corporation... was incorporated on June 16, 1997....
[From 1996 on, Kimberly Stein was Vice President of the Davki Agency], where she has been the liaison with the European market in the development of the proprietary software, and instrumental in establishing a network of financial institutions for implementing the business plan. From: http://www.pennystock.com/winners.html
[David C. Skinner, Jr. was President of Davki]. http://www.sec.gov/Archives/edgar/data/1045181/0001023175-99...
In 1997 Davki Agency signed an exclusive ten (10) year agreement with GGLS for the rights to use this test proprietary software....
On July 14, 1997, Winners Internet Network, Inc. (WIN) was incorporated under the laws of Nevada.... http://www.sec.gov/Archives/edgar/data/1045181/0001023175-99...
On July 31, 1997 [Winners Internet] acquired Davki Agency as a wholly owned subsidiary through a tax free stock-for-stock exchange structured pursuant to Section 368(a)(1)(B) of Internal Revenue Code of 1986, as amended. [Winners Internet] issued 8,000,000 restricted common shares to the nine shareholders of Davki Agency in exchange for their 1,500 common shares....
[According to an Agreement and Plan of Reorganization dated July 31, 1997, the 9 shareholders, pursuant to the signature page, were listed as: David C. Skinner, Jr., Kimberly A. Stein, Charles E. Scott, Sandra K. Varney, PHI Mutual Ventures, Inc., Harley Investments, Inc., J.V.O. Consulting, Inc., Gregory Fox and Jason Fox.] http://www.sec.gov/Archives/edgar/data/1045181/0001023175-99...
Davki Agency was later dissolved in December of 1997....
In 1997 the software was acquired from Global Gaming Link Systems, LTD. for $300,000, $250,000 as a payable to GGLS and a down payment of $50,000. This payable was paid in 1998 with an issuance of 500,000 shares of common stock.
The payable for GGLS was eliminated in July, 1998 when the stocks were cancelled and reissued to Intertreuhand Aktiengesellschaft in as much as the software was no longer held by GGLS and was obtained from Intertreuhand.... http://www.sec.gov/Archives/edgar/data/1045181/0001023175-99...
The CyberLink Monetary System is managed by Intertreuhand Aktiengesellschaft with DDr. Reinhard Proksch serving as
Managing Director on their behalf. http://www.sec.gov/Archives/edgar/data/1045181/0001023175-99...
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 as we offer today. We call this software our Winners Secure Online Financial Processing System ("Winners Processing System"). Our software currently utilizes only 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 currently known as the Winners Processing System....
Our proprietary software is a material aspect of our business. We rely upon a combination of licenses, confidentiality agreements and other contractual covenants to establish and protect our technology and other intellectual property rights....
Didn't really catch the crossroads reference earlier and still don't know what it means.
Sorry about that, here's the story:
http://www.memphisguide.com/sounds/ra/crossrds.ra
Legendary Delta Bluesman, Robert Johnson, was said to have been given his amazing guitar skills from satan himself. The story is that Johnson went down to the crossroads (an intersection of two streets) and made a pact with the devil. Johnson traded his eternal soul in return for his otherworldly blues talent. He got the talent, but then died much too early to ever enjoy the benefits of such talent. You are probably familiar with Clapton's remake of Johnson's "Crossroads:" http://www.content.loudeye.com/scripts/hurlPNM.exe?/~gg-600005/0035085_0104_00_0002.ra
So, when you announced you were going to do business with Doubleclick, my saying that you were going down to the crossroads was meant to infer that while there are promises of great rewards when you do business with the devil, there is also usually a heavy price to pay.
Next time I'll just say, "Be carefull Dood."
http://www.investorshub.com/boards/read_msg.asp?message_id=401974
I see you had a different problem than I anticipated, but my experience is that companies that are unethical in some respects, end up being unethical in most.
The stockreporter and schnigge guys will be happy to hear that, I'm sure.
In the OTCBB world, nothing says "we're really pumping this crapola" like listings on the Hamburg & Frankfurt exchanges.
I'm looking at the same CD changer right now!
My son, not yet 3, operates the DVD player by himself. That's fine, except his dirty little hands are hell on the DVDs. So, I've been looking at DVD changers so he can just punch in some numbers or whatever it is you do.
My receiver is a Pioneer VSX-D608, which I highly recommend.
http://www.pioneerelectronics.com/Pioneer/CDA/HomeProducts/HomeProductDetails/0,1422,409,00.html
I like the idea of sticking with what I know works for me, so I'm leaning toward a Pioneer changer. I've also heard other not so great things about the sony.
P.S. I don't have the best of everything either, but I have better than I need, and that is good enough for me.
The problem with saving dollar bills
is that there is just something unseemly about having a giant wad of ones. Reminds me of preparing for a trip to the local strip joint...or so I hear.
Last time I quit smoking I would put $5 per day (the approximate cost of my habit then) into an envelope. I quit for several months, and each time I accumulated a few hundred bucks I would take a trip to Circuit City and buy a component for my dream Home Theatre system. Started with the big purchase, a monster receiver. DVD player, hi-fi VCR, subwoofer, speakers....all followed.
The good part of the story is that today I have the best home theatre of anyone I know (and not one of those crappy all-in-one Bose or Bose rip-offs). The bad part is, as soon as I compiled everything, I started smoking again.
That change adds up over time.
Case in point: My father-in-law.
About five years ago my father-in-law decided that he loved change. He loved it so much that he stopped spending it. If he bought a fifty cent newspaper at the gas station, he would pay with a dollar bill, notwithstanding the fact that his pocket was already jingling with change. He bought a lighted magnifying glass, and often spent his evenings examining every single coin he had collected throughout the day. He then sorted the coins according to type, silver content, numismatic value, etc., in empty bottles of Corbet Canyon wine. Only Corbet Canyon bottles would do, because they have a wide mouth perfect for pouring in coins.
He began coming to my house once a month to pick up our mason jar of loose change. He takes the change home to count it, sort it, and returns the next day with the equivalent (rounded up) in paper money. We make about $60 per month with this.
About three years ago he discovered that the stamp machine at our local post office returns change in Susan B. Anthony dollars. About once a week since then he goes to the post office to buy a single stamp from the machine, and pays for it with a $20 bill. Into his pockets go the 19 dollar coins.
Two years ago, he decided he should figure out just how much spare change he had sorted around the house. After a week of counting, it came in at a bit over $10,000 face value. At our urging, he used some of it to pay for the installation of a fairly sophisticated home security system.
Now two years later, I do not want to even begin to think about how much his "spare change" is worth.
Thanks for noticing the grub.
Not bad for an ACLU lobbying, demo-lib, eh?
Took 3 refreshes,
and I clicked on the ad,
and I signed the Mrs. up for their email,
and I gave them my real address, so they will send me the catalog.
How's that?
I agree.
As a grandfathered member,
I have no objection to seeing ads for Victoria's secret.
In fact, I wouldn't mind one of their ads on every page.
May've already said too much.
I would say so. From what you have said, I assume that for ad-viewing subscribers, you have offered the carrot of giving them 50 ad-free views after clicking on an ad. If so, it is a masterful idea. If I weren't grandfathered (and hadn't installed certain other software), I would click an add at least every 50 views.