To: SCOOBEY-DO (263 ) |
From: Archie Goodwin Tuesday, Jul 7 1998 8:25AM ET
Reply # of 2319
(BSNS WIRE) Betting Inc. Contracts Newcom Technologies to Develop Wirele
Betting Inc. Contracts Newcom Technologies to Develop Wireless Pocket Pay for
Multibillion-Dollar Global Mobile Wagering Market
Business Editors/Gaming & Telecommunications Writers
LAS VEGAS--(BUSINESS WIRE)--July 7, 1998--Betting Inc.
(OTCBB:BETT) announced that it has contracted Newcom Technologies
(www.newcom.com.au) to manage the development of the patented Pocket
Pocket Pay is both a pocket-sized terminal and phone, capable of
sending transactions using a wireless ATM card with PIN, a stored-
value smart card or a card-present credit card to the ET&T
(www.hpos.com) bank host for processing.
The goal is to develop a working model over the next 90 days and
then demonstrate to a potential strategic manufacturer a live
transaction being processed by the ET&T bank host.
The Pocket Pay is expected to make a tremendous impact on global
personal mobile wagering, and will generate instant pay-per-play cash
for gaming operators; substantial instant paid fees for Betting Inc.
and Newcom Technologies per Pocket Pay transaction; and instant
taxation of the player's winnings, as the wagering transactions are an
open track from the player's bank to the state, government or private
gaming company's bank.
CONTACT: Betting Inc.