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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.
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Contact:
Winners Internet Network, Inc.
David Skinner, Jr., 800/358-4242
or
Columbia Financial Group, Inc.
Jim Price, 888/301-6271