The Unabridged History of Winners and Losers

[Tatari Gami]

Winners Internet Network Announces 1st Quarter Earnings.
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 5, 1999
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=9334937
May 05, 1999 12:00
Winners Internet Network Announces 1st Quarter
Earnings

ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--May 5, 1999--David C. Skinner,
Jr., President and CEO of Winners Internet Network, Inc., (OTC BB:WINR) has
just announced the 1st quarter earnings along with information about the
Company's new direction.

The CEO of WINR, David C. Skinner, Jr., has unveiled the direction that has
been underway for the past three months. "On Feb. 7th we entered into an
Secrecy Non-Disclosure Agreement with the CyberLink Group in Vaduz,
Liechtenstein, but I have obtained permission to make certain disclosures
without affecting the continuing implementation of the business plan. The need
for the Secrecy Non-Disclosure Agreement will be evident upon the release of
specific details. First, however, I want to announce that we have just received
confirmation from our Certified Public Accountants that we completed our first
quarter of operations ending March 31st with a net profit per common stock of
$0.01. To further supplement this news, we are forwarding the third and final
phase of our application with the SEC to be a fully reporting company.

"In regard to the Secrecy Agreement, we have been authorized to make certain
statements in order to avoid speculation and rumor concerning our direction. I
feel that in the best interest of our shareholders we needed to make the
following information available. Fortunately, our European partners agreed to
this limited release. Everyone is aware of the effects that the Kyle Bill may
have on Internet Gaming in the US Market. Our experience has shown that
there is limited play from jurisdictions as compared to the US. As a result, I
directed my staff to focus on direction of E-commerce and as is evident in my
recent Board announcements it is a full sweeping change. Dr. Reinhard
Proksch was named as advisor as he is the Managing Director of the
CyberLink Group and brought his banking and finance expertise to the
company. We have upheld the highest standards in processing Internet
transactions and have been successful in working with credit card companies
in discovering and stopping Internet card fraud. We knew that our technology
was ahead of its time, but it was the testing over the past months that has
allowed us to implement and expand our business. Subsequently, I therefore
directed the resources of the company to pursue legal Internet Gaming, but to
tighten up our requirements for processing in that business. In addition, I
directed the resources of our company to work under the terms of the Secrecy
Non-Disclosure Agreement with all means at our disposal to implement these
new objectives and business ventures which are totally unrelated to gaming
and traditional Internet shopping."

Our next phase was to seek top government, business, financial and Internet
scholars in Europe to study, assist and eventually endorse our intentions. This
is a quote from one of the European Partners, a former minister of Finance,
who gives a glimpse of what is going to be unveiled. He states, "This
revolutionary concept is going to result in an explosion of commerce for the
European Community and in reality, the Globe. This radically different system
allows for the business communities including banking, insurance, brokerage,
commodities, and mutual funds to become part of this entire network. I am
honored to have become an integral part of this global endeavor. Our Secrecy
Agreement will not allow us to name this person, but he will be named as our
business plan is implemented." Mr. Skinner added, "We have also partnered
with the Internet Provider in Liechtenstein to provide the expanded network
capabilities that will be required with this system. We will be unveiling the
business plan and the principals in two separate stages," said Mr. Skinner,
"and all shareholders will know why this has become a very close and guarded
secret."