To: Popiye (54 ) |
From: Popiye Monday, May 4 1998 5:54PM ET
Reply # of 2300
Pages three - Eight of the Business Plan:
The Business Plan discusses PERFECT Sports Wagering, PERFECT Wagering, PERFECT Lottery, PERFECT Slot Play, Country to Country to Country PERFECT wagering and tournaments. Paying for items at home including utilities - Note: this is also a big player IMHO.
Their is a good explanation to how the system(s) function.
Competition to Betting Inc.
At present, Betting Inc. has no competition per MAR98 Business Plan.
1. No PERFECT transactions are occuring today.
2. There is no competitive PERFECT equipment today.
3. The only existing PERFECT host processor is ET & T.
PERFECT Equipment Exclusively Licensed by Betting Inc.
Betting Inc. has exclusively licensed for the global application of PERFECT wagers the following propriety equipment from ET & T.
1. The PAYMASTER. To be used with a land line phone. In production.
(The Business Plan also mentions four other electronic machines that are in development.)
The Business Plan discusses Betting Inc management structure.
The Business Plan discusses Management.
The Business Plan also discusses 6 month potential with companie(s) that will be involved with testing, there is also 2 other testing concurrently which I read within a few weeks. Also, a national company with over 250k customers. Appears a real sprint once they start testing.
Also the Business Plan provides two transaction examples.
******* MY PERSONAL THOUGHTS *****
What I see is a company that is marketing long term consumer home usage to also pay utility bills, (i.e., water, sewer, electrical, etc..) via their PERFECT system by ATM/Debit/Smart Card). Believe the company envisions consumers will want to pay for bills at home via EDI-EDS.
And yes wagering is also part of the business plan. But I do not know which one is really more important at this junction.
With my computer system's analysis background the concept:
We have a very small electronic machine at home by the telephone that allows me to buy items and pay for bills (utility, wagering, catalog) via communications links to the bank for verification, then to vendor for payment and I get a printed receipt (hard copy) at home.
Possible to envision american culture heading in the direction of easy and convient home purchases.
Did not have time to talk IR - Anita (1-800-262-2331) today regards when testing is to be started - if they have received all the authorizations. Will call tomorrow.
As mentioned before, I do not work for the company. I am an investor trying to dig deeper into the company. And yes I am a shareholder.