American Digital Communications,Inc.: TrackPower Interactivity Plan Announced.NEW YORK--(BUSINESS WIRE)--Aug. 25, 1999-- American Digital Communications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADCM) announces today that agreements signed between Penn National Gaming Penn National Gaming, Inc. NASDAQ: PENN is a diversified owner and operator of casino properties, as well as horse racetracks and associated off-track betting facilities primarily in the United States. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PENN), eBet Ltd. of Australia (ASX ASX See: Australian Stock Exchange : EBT EBT See: Earnings Before Taxes ), and American Digital Communications Inc., mean that the TrackPower(TM) live horse racing service will be able to offer its subscribers a fully interactive wagering and data service before the end of 1999. Currently TrackPower is a live horse racing service offered to paying subscribers via Echostar's DISH(TM) network. Under the agreement, Penn National and TrackPower will become the exclusive US licensees of eBet's interactive wagering technology, currently deployed in New Zealand by eBet and featuring wagering on live horse racing from New Zealand and Australia. The new service will be for licensed pari-mutuel wagering only and will operate on a closed-loop subscriber based network. "This agreement allows TrackPower to expand from our current live video distribution, to both interactive television and computer wagering" explained John G. Simmonds, Chairman and CEO of ADCM. "TrackPower will be the only horseracing service providing complete access to live racing and wagering through all devices - phone, computer and television." "Penn National is very excited about the development of these new interactive services." said Joe Lashinger, VP and General Counsel of Penn National Gaming Inc. "We believe these services are very beneficial to the sport of horseracing, its fans and all participants." American Digital Communications, Inc., delivers high quality live horseracing video to subscribers throughout the Continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . ADCM has contracted with Penn National Gaming, Inc (NASDAQ: PENN), a licensed racing facility in Pennsylvania, to provide information and wagering services to subscribers. For additional information, contact Graham Simmonds at (905) 839-1430, or by email at simmonds@trackpower.com. TrackPower is available for purchase by calling 1-800-333-DISH (3474). DISH Network systems can be purchased from nearly 20,000 DISH Network retail locations nationwide. This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risk and uncertainties. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion