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   Microcap & Penny StocksDD Central on ECNC (formerly BETT)


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To: Jorjenzak who wrote ()5/26/1999 11:55:00 AM
From: Jorjenzak
   of 266
 
To: SCOOBEY-DO (242 )
From: SCOOBEY-DO Tuesday, Jun 30 1998 6:12PM ET
Reply # of 2300

To All,
This is a continuation of Tom Hughes' speech in London on June 23, 1998.
"PROBABLE EVOLUTION OF THE PERFECT MARKET
"PERFECT equipment, which will eventually be made by many different companies, will be agressively promoted and marketed by utility, cale, publishing, insurance, health and other industries. Expect participation from any business that will enjoy reduced costs and added revenues from a customer base that can send real time purchases or payments electronically, with the payment by ATM card and smart cards or making payments with card present credit cards. With this kind of incentive to deployment, PERFECT equipment will be flooding into the homes across the globe.
"WAGERING
"What will happen once the average consumer suddenly finds herself capable of placing a real time lottery wager at 1AM in the morning from the safety of her bed? What will happen as state and national legislatures suddenly realize that since the PERFECT transaction occurred from the sending bank to the Lottery bank then it would be an easy matter to simply tax the winnings, before sending back the balance to the winner's bank? The answer is a global explosion of mass market PERFECT wagering. Without doubt, the main method of PERFECT wagering in much of the developed and developing countries will be wagering by mobile commerce. Equipment such as the Pocket Pay will be the method of choice to send pay per play real time wagers to the gaming operators.
"Betting Inc. is focused on being the interface or gate of choice that the bank host processing certers such as ET&T rely upon to alert the gaming operators that they have been paid on the pay per play basis and for them to respond back with an acknowledgment of such completed transactions.
"NEWCOM TELENOLOGIES AND BETT ALLIANCE - A COMPLETE SYSTEM
"Keith Benson, CEO of Newcom Technologies, will be speaking to you later this afternoon. Newcom and Betting Inc. have formed an alliance to develop mobile ewlectronic wagering on a global basis.
"Newcom has developed a proprietary operating system called the Funge, which can turn any mobile digital hpone into a transaction device that can send receive data to perform purchases, bill payments, etc., with payment accomplished via a value added smart card, ATM card with PIN, or credit card. Keith will go into more details of the Funge system operation; but basically, a Realm Vector Protocal underlies the Funge and creates a new key per transaction and creates a very secure environment for mobile real time cash wagering.
"In our demonstration in booth #2, we will demonstrate the Funge and Newcom's server, ET&T, and BETT working together to accomplish a pay per play transaction from a Siemens mobile phone. Newcom's server will relay the message from the GSM system to ET&T, over the internet; ET&T will act as the financial processing gateway to the banking industry, driving authorization and payment for the transaction; and BETT will act as the gateway to the gaming operators, who need to know and to acknowledge when a PERFECT wager has occurred.
"The three companies are joining together (The Alliance) to specifically focus on global wagering along with many other mobile commerce applications. It is the stated purpose of Newcom, Betting Inc. and ET&T (the Alliance) to aggressively market a completed package to strategic partners and countries who are interested in the potential of moving real time non reversible cash as a gaming or purchase or bill pay transaction.
"ET&T and Newcom Technologies will jointly enter into the global market arena, position our bank host processing certer to drive or process mobile phone transactions which have been enabled by the Newcom Funge technology.
"Betting Inc. will drive communication lines to the gaming operators in that specific country and will receive commands of "bank transaction complete" from our bank host processing center and will forward such message to the gaming operators for an acknowledgment. The stated goal of Betting Inc. is to act as the gateway of choice for other PERFECT bankk hosts to use when running a PERFECT wagering transaction.
"The stated goal of the alliance is to position ourselves to enjoy a substantial market share of the projected 250 billion dollars global PERFECT wagering market of 2001.
"THE POCKET PAY
"The Alliance has the US Patent rights for this device, and is looking for a strategic partner to help develop and market the product. Remember, the Pocket Py is combination terminal and phone that fits into you pocket, and can provide security and convenience
by holding card numbers, access information, etc. in memory. A user can load access data and account numbers for multiple cards or systems into the Pocket Pay using a special reader (or PC cable) that attaches to the Pocket Pay and can then be detached. The user can then access that data using a PIN or other secure access, without having to carry multiple cards with them.


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To: Jorjenzak who wrote ()5/26/1999 11:57:00 AM
From: Jorjenzak
   of 266
 
To: SCOOBEY-DO (242 )
From: SCOOBEY-DO Tuesday, Jun 30 1998 6:32PM ET
Reply # of 2300

To All,
This if the final part of Tom Hughes' Speech. The last post had a couple of typing errors but I could not go back to correct them.
"The Realm Vector Protocol will encrypt the PIN and securely send it by digital stream to the ET&T host for re-encryption, according to existing bank protocol, for entry into the bank system for authorization of the transaction.
"Credit card transactions from the Pocket Pay will qualify as "card present" transactions, which means the magnetic strip tracks are being sent to the Alliance bank host. This type of credit card transaction is far safer for the consumer and costs the merchant less in processing fees.
"Finally, the Pocket Pay can also be used as a voice phone. The Pocket Pay will also send the completed transaction for the host to the merchant and back to the host to the users fax machine for a complete printed receipt.
"SUMMARY:
"The world by 2001 will be flooded with inexpensive PERFECT devices made and distributed by many companies. The devices will be marketed by major banks, retailers, utilities, and other industries to generate cost efficient purchasing and bill payment by both banked and un-banked consumers. A major driving application of mobile commerce globally will be pay per play wagering in real time with real and non reversible cash.
It is the goal of the alliance of Newcom, ET&T and Betting Inc. to capture a significant share of market for equipment and processing for these PERFECT transactions"


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To: Jorjenzak who wrote ()5/26/1999 11:58:00 AM
From: Jorjenzak
   of 266
 
To: blkjk7 (245 )
From: SCOOBEY-DO Wednesday, Jul 1 1998 7:02AM ET
Reply # of 2300

Hi All,
The following was also sent by Tom Hughes, so we would have a better understanding of BETT's foundation:
"Betting In is founded on the following premises:
1. That by 2001, everyone who gambles today will have some type of phone line or wireless or computer device that will allow the payment of a bet by ATM card or smart card. This will be same day pay per play.
These PERFECT devices will have migrated into the home as a bill payment method for the banked consumers who will use their ATM card with PIN or as a bill payment method for the non banked consumers who will use stored value added cards to run bill payment and purchases from the homes.
The utility, phone, cable and other industries will spend hundreds of millions of dollars to educate their consumer base to not send checks if banked or to not walk into public locations if non banked.
These devices which are capable of moving instant electronic cash to pay bills will of course also be capable of wagering in real time.
2. That these wagering transactions will be originating from homes, offices, hotel lobbies, cars, in other words from locations that are remote from the gaming operator.
3. That these wagering transactions will be self serviced in that the player will not call and talk directly with the gaming operator but will instead simply set up their own transaction using a financial card such as an ATM card or a smart card to send real time cash to the gaming company.
4. That these wagering transactions are personal and encrypted and will be electronically sent to the gaming operators. The classification of this equipment is PERFECT equipment, that is, Personal Encrypted Remote Financial Electronic Card Transactions.
5. The present global wagering marketplace is an estimated 800 billion dollars per year which includes reported and unreported income. The projected global wagering marketplace in 2001 is 1 trillion dollars.
6. Of this marketplace, we project the PRFECT wagering market at 250 billion dollars. In other words, 25% of the wagering will be PERFECT wagers.
7. Since PERFECT wagers are remote and are effected without speaking to the gaming operator, then the gaming operator needs to know that a wager has been paid for, who has paid, what has been wagered, and the amount placed. The gaming operator then needs to respond back to the player with an acknowledgment of the wager.


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To: Jorjenzak who wrote ()5/27/1999 8:44:00 AM
From: SCOOBEY-DO
   of 266
 
To: Dan Meckenstock (255 )
From: SCOOBEY-DO Sunday, Jul 5 1998 6:17PM ET
Reply # of 2319

Hey Dan,
Here is a reply to your question on regulatory from Tom Hughes:
"Now that we are close to actually deploying the Shop While You Wait locations, we are focusing on finding bank sponsorship for gaming operators who wish to receive an ATM card with PIN payment.
"This is standard procedure. Mellon is approving Ladbroke but we need a smaller and more aggressive bank to start sponsoring gaming merchants.
"Remember, that as far as the United States is concerned, the transaction is replenishing only...the actual bet is placed by the player over a regular phone with the gaming operator.

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To: Jorjenzak who wrote ()5/27/1999 8:47:00 AM
From: SCOOBEY-DO
   of 266
 
To: SCOOBEY-DO (256 )
From: SCOOBEY-DO Sunday, Jul 5 1998 9:15PM ET
Reply # of 2319

To all, This is more information provided by Tom Hughes, CEO of Betting Inc. to keep you informed about the progress of BETT.
"The present plans for Betting Inc.are dependent on the release later this month of the first Pay Master terminals at Shop While You Wait locations.
"By July 17th, we (ET&T) are expecting the color proofs of the 24 page Shop While You Wait catalog. In this catalog, a major baseball team will be featuring some of their sports merchandise. The rest of the catalog will feature upscale products ranging from kitchen to outdoor items. The baseball team is now approving the press release and we hope to release it within the next 10 days. Betting Inc. will be part of the press release.
"By July 27th, the first of 100 free terminals will begin to be deployed into the marketplace and will be located at high traffic locations where people find themselves waiting.
"These locations would be such places as medical offices, hair salons, hotel lobbies, airport lounges, employee lunch rooms, etc. While waiting, they can shop with their credit card or ATM card with PIN from the printed catalog. We, the JV, generate 8% of each purchase, the location generates up to 2% of each purchase and the sales force who placed the free terminal will generate up to 3% of each purchase.
"These terminals can also be used for opening or replenishing gaming accounts- which is legal and is done every day by credit card. Now, the player will pay a flat fee of $6 and use their ATM card with PIN or stored value smart card (which doesn't exist yet). In 8 states, such as Pennsylvania, the terminal could legally be used to pay per play an Off Track bet as home bets are placed every day.
"From a logistics viewpoint, before a gaming operator can be paid by an ATM card with PIN, they must first be sponsored by a member bank within one of the ATM networks. This is no different than the sponsorship required for a grocery store etc.
"On our web site (www.hpos.com), we will be putting up a new page directed towards the need of USA based gaming operators to be sponsored in order to receive an ATM card with PIN transaction.
"Once a gaming operator such as Ladbroke, who is presently undergoing sponsorship by Mellon Bank, is approved, then a Shop While You Wait terminal can move cash to the sports operator.
"The transaction is driven by ET&T and gated by Betting Inc.
"The same business strategy can be applied to the United Kingdom, where we are presently in discussions with a potential partner who will play the same role that Unicomp plays in the United States.
"Once we (ET&T) have a stronger funding position from our 504 D, we can then begin to negotiate from a stronger position."
Well gang, What do you think of Betting Inc and ET&T's progress at getting these companies going. It sounds real exciting to me. I am glad the Mr. Hughes is taking the time to keep us informed. Go BETT!! Happy investing. Scoobey

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To: Jorjenzak who wrote ()5/27/1999 8:51:00 AM
From: SCOOBEY-DO
   of 266
 
To: SCOOBEY-DO (263 )
From: Archie Goodwin Tuesday, Jul 7 1998 8:25AM ET
Reply # of 2319

NEWS.......

(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
Pay.
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.
800/262-2331

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To: Jorjenzak who wrote ()5/27/1999 8:54:00 AM
From: SCOOBEY-DO
   of 266
 
To: Dan Meckenstock (266 )
From: SCOOBEY-DO Tuesday, Jul 7 1998 7:26PM ET
Reply # of 2319

Hey Dan; The following is a response to you from Tom Hughes;
"1. We agree. Betting Inc. will be purchasing Pay Masters from SWYW at cost plus 10% markup. We will then give away the terminals to Sports Lounges.
2. There is no reason to limit the betting aspect to sports lounges. A patient at a doctors office can just as easily replenish her sports account as a second transaction after first purchasing from the Shop While You Wait catalog. A business person spending time waiting for a meeting to start in hotel lobbies, will use the Pay Master to shop from and 5 minutes later use it again to replenish his sports account. He then has to find a phone to place the bet.
3. On these transactions, the Pay Master is driven by the bank host processor called ET&T. All Pay Master transactions of any type will first call the ET&T bank host. This is a standard procedure done millions of times a day with credit card and ATM card authorization.
4. ET&T, once we have received the card authorization back from the bank, now needs to let the gaming operator, in the case of an account replenishment transaction, be alerted that actual non reversible cash has been sent to his account. Instead of calling to the operator, we call to an interface service called Betting Inc. ET&T pays Betting Inc. a fee to command the gaming operators computer to respond back to Betting Inc. with an acknowledgment of payment received. Betting Inc. then alerts ET&T which has been standing by with bank authorization of the card. The acknowledgment and authorization are then shipped back to the hotel lobby or sports bar Pay Master, which then prints a receipt.
As the PERFECT industry expands, other bank hosts centers who are competitive to ET&T will choose the service of Betting Inc. as s cheaper and more efficient route then to call the gaming operator directly. It is far more efficient to have one main line connected to an interface service such as a Betting Inc. which then has many lines connected to the world of the gaming operators.
5. ET&T's stock if free trading. The exit strategy is there from day one.
6. Have Dan speak to any utility company about the possibility of being paid from the home by an ATM card with PIN or stored value smart card. They will crawl through the phone line to learn more. As the Pay Master is flooding into the market as a Shop While You Wait terminal, the phone and utility companies will quickly understand that the same unit can also pay a phone bill from a dentist office or a hotel lobby. Then, the major marketing campaigns will begin and ET&T and Betting Inc. will be there to catch the transactions flooding from the homes.
By giving away the terminals as a Shop While You Wait device, we drop the price of manufacture to below $100; expose the general public and the utility companies to these devices; and we make money in the process.
The PERFECT devices such as the SLICK, Pocket Pay or Pay Master will migrate into the homes as a bill payment device being pushed by the local phone company, but once into the home...wagering will begin. Yes...but it will begin...it can't be stopped...and the winnings will be taxed automatically by the State and Federal powers"
I have a couple of questions for Tom Hughes:
1. It sounds like the gaming transaction is normally the second transaction. Is a SWYW transaction required before a gaming transaction can occur?
2. Is the "terminal and the Pay Master the same device?
3. Can a transaction be made from a regular phone connected to a phone line?
If anyone on this thread has any question regarding Betting Inc. or the 504 D funding, this is your opportunity. Ask away. Go BETT. Scoobey

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To: Jorjenzak who wrote ()5/27/1999 8:58:00 AM
From: SCOOBEY-DO
   of 266
 
To: Dan Meckenstock (269 )
From: SCOOBEY-DO Wednesday, Jul 8 1998 12:44PM ET
Reply # of 2319

Dan, this is a response to you from Tom Hughes as follows:
"1. The Patented Pocket Pay (5,754,655) will be both an ATM card with PIN DES encrypted, stores value card and credit card phone and modem.
The consumer loads the cards with a reader, detaches the reader, and slips the Pocket Pay into their pocket.
We would love to have Motorola make the Pocket Pay and take a cut per transaction. Anyone who can get up to a decision maker at any company and not mid level management non decision makers...we can offer you a very attractive deal.
Keep in mind the basic premise: We are in the processing business...not the equipment business. Other than to jump start the PERFECT industry.
2. ET&T is privately held. No trading symbol. But the 504 D is not restricted according to our attorney. Betting Inc. 144 stock is restricted from sale for one year. ET&T will purchase Betting Inc. 144 stock from anyone on the thread who wants to sell at 20% over the days BID on October 1, 1998 and December 1, 1998.
The ET&T 504 D is for $1,000,000. It has not been shopped and we just had Alexander Securities, a respected brokerage house in LA, agree to represent it. Call me at (310) 377-2803 for details. 2,000,000 shares at $0.50 per share."
Scoobey

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To: Jorjenzak who wrote ()5/27/1999 9:02:00 AM
From: SCOOBEY-DO
   of 266
 
To: Dan Meckenstock (275 )
From: SCOOBEY-DO Thursday, Jul 9 1998 6:27PM ET
Reply # of 2319

Hey Dan and all BETT investors,
Tom Hughes says that this thread is keeping him on his toes. You and the other member have come up with very good questions. The following is in response to your questions, Dan:
"1. Exactly, The goal is to remain transparent to the consumer who does not need to know about either the bank host ET&T driving the transaction or Betting Inc. which is connecting to the gaming operators.
2. Existing cell phones can not send ATM card with PIN transactions. Only GSM 2+ phones can send smart card authenticated transactions. No phones are designed with the simple solution of keeping the cards in memory and only entering PINs as a volatile memory input.
3. We concur with your assessment and are looking for a gamer that is interested in partnering with us at the Gate level and will receive a cut on every transaction being sent to competitive companies.
4. In the United States, we are collecting $6 for account replenishment or opening...the actual bet is placed by the player with their service. The fee of $6 compares favorably with the present fee to the player of $10 plus 3% to 5% of the funds being sent by credit cards to either open or replenish accounts.
5. Find me the odds maker, and we'll make him a partner. You can also participate as a finder on a continual residual basis.
6. Taxes refers to the following example: You check into the Hilton in Miami and in your room find a PERFECT device. You use it to pay the phone bill back in Michigan with your ATM card, purchase an item off television, and then decide to play the Florida Lottery with a $10 bet using your ATM card. You win the equivalent of a scratch off for $250. The Florida Lottery bank send the winnings to your bank less Florida and Federal taxes. Your receipt prints in the hotel room for your tax records.
7. Any gamer can be a PERFECT wagering merchant. We are speaking with two interested parties at the CEO level. One is a $100 million dollar company and the other is $300 million."
Dan, Thanks for asking very detailed questions. The more informed information we can get out on the thread, the more confident and knowledgeable the BETT investors will be.
I have a question regarding the taxes withheld on winnings. I know that in Nevada winnings are not reported to the government unless the winnings are over $1,500. Will there be a cut off under which taxes will not be withheld?
Tom, Thank you for taking time out of your busy schedule to answer all the question that have been raised on this thread. We do appreciate the honest answers. Long and Strong on BETT. Scoobey

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To: Jorjenzak who wrote ()5/27/1999 9:07:00 AM
From: SCOOBEY-DO
   of 266
 
To: SCOOBEY-DO (293 )
From: SCOOBEY-DO Wednesday, Jul 15 1998 6:14AM ET
Reply # of 2319

To All Betting Inc. Shareholders:
The following is the contents of the Press Release issued by Shop While You Wait and ET&T:

Monday July 13, 3:32 pm Eastern Time

Company Press Release

Los Angeles Dodgers Contract With
Shop-While-You-Wait -- SWYW -- To Sell Dodgers
Merchandise Through SWYW

ATLANTA/LOS ANGELES--(BUSINESS WIRE)--July 13, 1998--Shop-While-
You-Wait announced that the Los Angeles Dodgers will begin marketing selected Dodgers merchandise through Shop-While-You-Wait (SWYW) catalogs, which will be distributed by SWYW in the greater Los Angeles market area.

SWYW will begin placing electronic terminals in August in locations
where people find themselves waiting with time on their hands, such as car washes, airport lounges, hair salons, employee lunch rooms, hotel lobbies, etc. While waiting, consumers can use the SWYW terminals to purchase items from the SWYW catalog, using their credit cards.

''Shop-While-You-Wait makes a wide variety of exciting Dodgers
merchandise more readily available to our fans,'' said Mike Nygren, director of Dodgers Merchandise.

SWYW plans to quickly cover the Los Angeles area with terminals placed in high-traffic locations. Terminals will be placed at no charge in qualifying locations.

''We are thrilled to have a quality organization like the L.A. Dodgers as one of our first clients,'' stated Harry Hargens, president of SWYW. ''Today's consumer is under more and more pressure and has less and less time to take care of basic needs such as shopping.

''SWYW lets the consumer accomplish something productive in time that would otherwise be lost.

For that reason, we think SWYW will be very well received. We look
forward to saving time for consumers and helping merchandisers to
significantly increase sales and reduce costs.''

Plans call for the SWYW service to quickly expand across the entire
United States, and discussions are already underway with other
merchandisers.

SWYW is a joint venture of Unicomp (Nasdaq:UCMP - news) and Electronic Transactions and Technologies.

Contact:

SWYW
Harry Hargens, 770/471-4944
or
Los Angeles Dodgers
Mike Nygren, 213/225-1690
or
ET&T
Tom Hughes, 310/377-2803

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