The Unabridged History of Winners and Losers

[Tatari Gami]

?Winners Internet Network, Inc. Announces Software Processing Update.? (I don?t know what the real headline said b/c it wasn?t included in the linked post, so I made this one up).
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 15, 1999.
http://www.ragingbull.com/mboard/boards.cgi?read=8264&board=WINR
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Nov. 15, 1999--David C.
Skinner, Jr., President and CEO of Winners Internet Network, Inc. (OTC
BB:WINR) announces software processing update.
WINR will be launching its processing of credit cards in USD
(U.S. Dollars) for the majority of its customers. Residents of
Switzerland and those with credit cards from Switzerland and
Liechtenstein will still use the Swiss Franc (CHF) for their
processing.
Additionally, WINR is anticipating the addition of the Euro to
its credit card processing in the next year. All cards processed in
USD will be charged a 2% service charge in lieu of the currency
conversion that was charged for processing in CHF although some
vendors may pick up the charge themselves.
WINR will also be adding a new withdrawal feature for its
vendors. The vendor will be able to send checks and wires, and refund
credit cards directly from their businesses to the customer through
the WINR's System. The vendors will also be able to deposit the
customer's money in the customer's WINR's account if the customer so
chooses. This added versatility gives the vendor the opportunity to
cover the costs of the transactions directly for their customers.
The WINR's Membership Program gives the customer added benefits
in using the WINR's Program. The Silver Membership is given after the
customer has completed their first deposit. The Gold Membership is
earned by the customer sending the WINR Security Information and
signature to WINR. Silver Membership benefits include depositing up to
$500 per week and Gold Membership benefits include depositing more
than $500 per week. WINR anticipates the Membership Program to add
more features in the next year!
David C. Skinner, Jr. would like to state that WINR has provided
all the information for its Form 10 filing and has been working with
its legal counsel in order to have this documentation filed with the
Securities Exchange Commission. Mr. Skinner would like to restate that
through the second quarter of 1999 WINR had total revenues of $809,265
with a net profit per common stock of $.04, and once its Form 10 has
been filed WINR will be releasing its revenues through the third
quarter of 1999.
In addition, it has come to Mr. Skinner's attention that there
are "rumors" circulating that WINR does not own its processing
software. Mr. Skinner wants to state that WINR has developed this
proprietary software through its programming staff and the processing
software that WINR has developed is owned 100% by WINR. WINR has
agreed to license the software to CyberLink Monetary Systems to be
used exclusively for an Internet Bank but the ownership of the
processing software has been developed exclusively by WINR and,
in turn, is owned exclusively by WINR.

Information contained in this news release other than historical
information should be considered forward-looking and is subject to
various risk factors and uncertainties. For instance, the strategies
and operations of Winners Internet Network, Inc. involve risks of
competition, changing market conditions, changes in laws and
regulations affecting these industries and numerous other factors
discussed in this release. Accordingly, actual results may differ
materially from those in any forward-looking statements.