CSK Securities Research Announces Investment Opinion on Winners Internet Network, Inc.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by CSK CSK see chronic superficial keratitis. Securities Research SAN FRANCISCO--(BUSINESS WIRE)--Feb. 29, 2000 CSK Securities Research Initiates Coverage of Winners Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Network, Inc. (OTC/BB: WINR WINR Women In Nude Recreation WINR Women in New Roles (Toronto, Canada) ) CSK Securities Research analyst, Christina Christina (krĭstē`nə), 1626–89, queen of Sweden (1632–54), daughter and successor of Gustavus II. From her father's death (1632) until 1644 she was under a regency headed by Chancellor Axel Oxenstierna. Skousen, has initiated coverage of Winners Internet Network, Inc. (OTC/BB: WINR) with a "STRONG BUY" rating and stock price targets of $15 in 12 months and $26 in 24 months, up from its current stock price of approximately $4 per share. Winners Internet Network is rapidly positioning itself as one of the premier financial transaction processors and integrators in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). .
Through a series of recent acquisitions and partnerships, WINR has laid
the groundwork for an integrated financial processing and e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. services company that offers significant advantages over other
competitors in this area. The Company is in the process of forming the
first online bank to be licensed under the secure, confidential banking
laws of the Principality of Liechtenstein Liechtenstein (lĭkh`tənshtīn'), officially Principality of Liechtenstein, principality (2005 est. pop. 33,700), 62 sq mi (160 sq km), W central Europe. . This will enable Internet
users Internet user n → internauta m/fInternet user Internet n → internaute m/f to have a confidential Liechtenstein bank account accessible from the convenience of their own homes by allowing them to track all their financial transactions from their own PC. A WINR's "CyberBank AG" account will also allow automatic debiting for purchases made over the Internet, and an eSwipe(TM) capability for major credit cards. The account holder is ensured of safety because WINR offers the most secure encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. and security technology available in the world today. Ms. Skousen commented, "We believe WINR is poised to be a major player in the business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. Internet Market and the global e-commerce market. Over the last 18 months, the Company has developed proprietary financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. software and technology in the Internet gambling arena. Internet gambling is an industry that requires the most secure tracking and detailed financial transaction processing and data gathering ability. The Company developed its state-of-the-art technology in this most technologically challenging Internet business sector. "We believe that WINR's now has software and technology that comprises a complete, functional system applicable not only to Internet gaming, but to all types of financial transactions, including Internet banking, brokerage and e-commerce," Ms. Skousen continued. "In recent months, WINR has pulled together the infrastructure through acquisitions and partnerships, and now with the formation of a Liechtenstein Internet bank - to become a major force in the European and global Internet financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. We believe WINR offers investors a prime opportunity to get in on the ground floor of an emerging company just beginning its rapid growth stage." CSK Securities Research is an independent equity research firm, specializing in emerging companies, and serving institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and brokerage firms. (Public companies mentioned in this report: Winners Internet Network, Inc. (WINR); Qualcomm, Inc. (QCOM QCOM Qualcomm, Inc. (stock symbol) ); Charles Schwab Charles Schwab can refer to:
SCH Schedule SCH Search SCH Semester Credit Hours SCH Santander Central Hispano (bank in Spain) SCH Socket Head SCH Synchronization Channel SCH Succinylcholine SCH Space Center Houston ); Ebay, Inc. (EBAY); AmeriTrade Holding Corp. (AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ).) The WINR research report issued by CSK Securities Research includes the following information: WINNERS INTERNET NETWORK, INC. (OTC/BB: WINR) Investment Summary - We are initiating coverage of Winners Internet Network, Inc. (WINR) with a Strong Buy recommendation for strategic investors with a two to three year investment horizon. Based on the new revenue streams anticipated from WINR's new businesses, we are projecting WINR's stock price to increase to the $15 range in 10 to 12 months and the $26 range in 24 months. - WINR is implementing its new business strategy to position itself as a major player in the business-to-business (B2B) European e-commerce market. Through a series of acquisitions and partnerships over the last several months, WINR has laid the groundwork to become one of the premier financial transaction processors and integrators in Europe. WINR is initiating its strategic plan to form Europe's first Internet Bank under the laws of Liechtenstein. WINR will also provide the most secure financial transaction processing currently available in the world to e-commerce businesses in all industries. - WINR has spent the last two years developing and perfecting its financial transaction processing system and software in the Internet gaming industry. Internet gaming demands some of the most technologically challenging software and technology in the world. It requires the most secure tracking and highly detailed financial transaction data gathering ability. The Company's "Secure Online Financing Processing System" is a truly unique, state-of-the-art, secure financial transaction processing system, which has been tested and proven in this demanding arena. - WINR's systems and technology are proprietary and incorporate the most secure encryption currently available in the world. Together with WINR's online bank to be formed in Liechtenstein, WINR has an extreme edge over the competition in providing financial transaction processing services and banking. WINR will also help bring the benefits of Liechtenstein's secure, confidential banking laws to the global market, allowing Internet users to maintain a Liechtenstein bank account from the convenience of their own homes. - We believe that WINR has developed a cutting-edge proprietary financial transaction processing technology that far exceeds the competition's services. We also believe that with its Liechtenstein facilities, its recent acquisitions and partnerships, and the formation of a Liechtenstein online bank, WINR has now put in place the necessary infrastructure to become a major full-service financial transaction processing and Internet banking company. Company Profile Winners Internet Network, Inc. (OTC/BB: WINR) developed and owns proprietary software and technology for secure processing of financial data on the Internet. The Company now has the highest encryption technology available in the world today. WINR is rapidly positioning itself as one of the premier financial transaction processors and integrators in Europe. European e-commerce is in its early stages and set for explosive growth. Through a series of recent acquisitions and partnerships, WINR has laid the groundwork for an integrated financial processing and e-commerce network that will offer compelling benefits and significant advantages over other competitors in this area. The Company services both vendors and consumers in the expanding Internet-based, e-commerce industry with its state-of-the-art secure financial transaction software and technology. WINR is poised to be a major player in the business-to-business (B2B) European market. The Company is now initiating its strategic plan to form Europe's first Internet Bank to be licensed under the laws of Liechtenstein. The Company's "CyberBank" will bring the benefits of Liechtenstein's secure, confidential banking laws to the global market, allowing all Internet users to maintain a Liechtenstein bank account from the convenience of their own homes. The Company is headquartered in St. Augustine, Florida Parameter not given Error... ''Template needs its first parameter as beg[in], mid[dle], or end. Parameter not given Error... , where it manages its overall administrative operations. WINR's European Division is located in Ruggell, Liechtenstein, where it maintains, monitors and manages its technical operations and accounting records. The European Division handles programming, software development and upgrades as needed as needed prn. See prn order. , monitors the Company's banking processing, and handles other front office and support requirements. It is also worthy of note that WINR recently appointed the former Prime Minister of Liechtenstein, Markus Buechel, to the Company's board of directors. This appointment should greatly assist the Company in expanding throughout the European business market. ... Internet Gaming Provided the Means to an End The Company is currently utilizing its software and financial transaction processing system A Transaction Processing System (TPS) is a type of information system. TPSs collect, store, modify, and retrieve the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system. at Internet gaming websites for legally licensed Internet casinos A list of casinos. Antigua and Barbuda
In 1998, WINR secured the exclusive license and use of a test prototype software, which established an initial database for WINR's Internet-based financial transactions. WINR chose the Internet gaming industry both to generate immediate revenues for the Company and to serve as a test-bed in which to further develop and perfect its proprietary, secure Internet financial transaction system, now referred to as Winners Secure Online Financial Processing System (the "Winners Processing System"). The Company saw that Internet gaming requires software and technology that provides the most secure financial tracking possible and highly detailed financial transaction data gathering ability. WINR considered Internet gambling an ideal environment for the development of a truly state-of-the-art, secure financial transaction software and technology. WINR believes that it has now developed its Winners Processing System from the initial test stage to a complete, functioning system that is applicable, not only to Internet gaming, but to all types of e-commerce and financial transactions, and Internet banking in particular. The Winners Processing System now uses only upgraded technology that was exclusively developed by the Company. The previous test software is no longer a functioning component of the Company's proprietary technology and processing software. ... Forward Strategies - E-Commerce & Internet Banking WINR is linked with established banking institutions and has established affiliations with CyberLink Trust (CLT CLT total lung-thorax compliance. ) and the Cyberlink Monetary System (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ) to provide banking trustee management services. Over the last several months, the Company has made additional acquisitions and formed partnerships and alliances with key companies and financial institutions to provide WINR with the infrastructure to offer and provide a complete, comprehensive system for the management of financial accounts, accounting services and financial transactions for Internet commerce and banking. The Company's strategy going forward is to offer complete e-commerce financial transaction solutions for companies doing business on the Internet. WINR also plans to form an Internet Bank that is truly global and accessible to all persons from the convenience of their own homes. The Company has strategically chosen the Principality of Liechtenstein as its Internet banking domicile domicile (dŏm`əsīl'), one's legal residence. This may or may not be the place where one actually resides at any one time. The domicile is the permanent home to which one is presumed to have the intention of returning whenever the purpose . Liechtenstein is known world-wide as one of the safest and most confidential centers in the world for financial management and banking. The Company has an established office in Liechtenstein and many valuable relationships in the Principality. Liechtenstein offers a tremendous growth opportunity for global e-commerce because of its centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. location in Europe and its membership in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EU). WINR plans to either acquire a Liechtenstein bank or file an application for a Liechtenstein Private Banking License. ... Positioning WINR for Explosive Growth In December, WINR filed its Form 10 with the SEC to become a fully reporting Company. WINR recently asked to withdraw and re-file its Form 10-SB Registration Statement with the full permission and cooperation of the SEC. The Company will file its revised Registration Statement shortly. The revision will allow the Company to more accurately reflect its new focus and direction toward e-commerce, financial transaction processing, and Internet banking. The Company has also filed an application for listing of its shares on the new German High Quality Segment for Small Caps See Small capital in order to introduce WINR to the European stock market and investment community. The Development of WINR's Proprietary Technology WINR chose to develop its financial transaction processing technology and software in the Internet gambling industry. Internet gaming is a most challenging marketplace as it requires a safe, secure and confidential method to link the customer, the vendor, the worldwide banking community and various governments all under one umbrella. WINR has recognized the need for the Internet gambler to have confidentiality and the ability to have access to his account ledger The principal book of accounts of a business enterprise in which all the daily transactions are entered under appropriate headings to reflect the debits and credits of each account. to insure Insure can mean:
n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. Structure. WINR provides management and accounting services to guarantee accuracy of payouts and confidentiality to customers. The controversy of Internet gambling, including the illegality of it altogether in certain countries and jurisdictions, the requirement for tracking the origin of the player, and the need for the Internet gambler to have confidence in the websites and payout accuracy, all present significant challenges for software and system development. WINR has been able to achieve its goal of providing the vital link needed to insure that legality le·gal·i·ty n. pl. le·gal·i·ties 1. The state or quality of being legal; lawfulness. 2. Adherence to or observance of the law. 3. A requirement enjoined by law. Often used in the plural. is at the forefront in all transactions. This not only protects the integrity of the Internet gaming industry, but also the customer, vendor and banking community, as well as the interests of the host governments. The Winners Processing System has been acknowledged by host governments to provide a complete and independent tracking of all play so that a such governments can be assured that they will collect their proper revenue. In addition, an audit trail is provided of all the vital financial information needed by the host government for regulation. WINR will not allow play from an illegal jurisdiction and daily monitors proposed legislation throughout the world. WINR has fully recognized that play in the U.S. market would either be forbidden or severally curtailed. For that reason, WINR is a pioneer in establishing a foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in Europe. The Company recognized the huge marketplace that exists worldwide for Internet gambling. It was for that reason that the Company developed its System to be able to trade in all major world currencies. WINR developed its system with the global market in mind from its inception. The Winners Processing System allows a user to trade in all the worldwide currencies at the current exchange rate, and chose any "home" currency that the user desires. In addition, at moment's notice, the Winners Processing System can forbid for·bid tr.v. for·bade or for·bad , for·bid·den or for·bid, for·bid·ding, for·bids 1. To command (someone) not to do something: I forbid you to go. 2. play from any illegal jurisdiction and works with all governments in this regard. Currently, WINR will not accept play from the states of Florida, Minnesota, Missouri Missouri, state, United States Missouri (mĭz r`ē, –ə), one of the midwestern states of the United States. , Wisconsin Wisconsin, state, United StatesWisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee and the countries of Austria and Japan. (This list may not be all-inclusive.) The System can identify those who attempt to disguise Disguise Dishonesty (See DECEIT.) Abigail enters nunnery as convert to retrieve money. [Br. Lit.: The Jew of Malta] Achilles disguised as a woman to avoid conscription. [Gk. their location and play from an illegal jurisdiction. The user also has the ability to change security passwords at random. It is registered as a Secure Site offering the most secure "in Socket Layer Technology" to provide the customer, vendor and government with secure and confidential transactions. The System also has safeguards to identify and keep out the play of minors. One of regulatory officials' most common nightmares about the Internet is the difficulty of detecting money-laundering attempts. The Winners Processing System was designed with sophisticated tracking in place and offers safeguards for prevention of money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. . Even e-cash and its lack of an audit trail can be thwarted thwart tr.v. thwart·ed, thwart·ing, thwarts 1. To prevent the occurrence, realization, or attainment of: They thwarted her plans. 2. by WINR's system for registration and tracking of money deposits and play. In addition, with the WINR system, a player can have confidence that their money is handled through the safe, secure and confidential CyberLink Asset Management Trust, located in one of the safest banking governments in the world, the Principality of Liechtenstein. The player can monitor his account at will, and with the click of a button, can track all of their play, deposits, withdrawals, transfer and pending items. The Winners Processing System offers the security, credibility, integrity, and confidentiality that is the necessary ingredient for all Internet commerce, including the ability for the user to completely track and monitor his accounts. The Company's proprietary software and technology is totally cutting-edge and unique in the industry. It gives WINR an unprecedented competitive advantage over other Business-to-Business (B2B) Internet companies in this arena. WINR is now moving to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this advantage in all e-commerce sectors, including the logical extension of this technology into global Internet banking. Over the last several months, the Company has been building the necessary infrastructure to expand its technology into these wider applications and markets. Building the WINR Infrastructure The Company developed the Winners Processing System so that it is not limited to just Internet gaming, but is applicable to all e-commerce vendors regardless of their product. The technology includes a database that will quickly adapt to all types of Internet commerce and banking. WINR's focus has also been directed toward servicing all Internet transactions and allowing potential customers to deposit their money where it is confidential, safe and protected. It is expected that approved customers will be able to enjoy the benefits of the new Winners Internet Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. giving access to funds worldwide in over 115 countries and over 350,000 ATM machines (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. . A natural progression of this strategy has led the Company to investigate forming an Internet bank domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in Liechtenstein. WINR has formed strategic relationships or acquired companies over the last several months to build the necessary infrastructure to implement its strategic plan of creating a full-service financial transaction processing and Internet banking company. ... CyberLink Trust & CyberLink Monetary System WINR has been accepted as a member of CyberLink Trust and the CyberLink Monetary System. CyberLink Trust provides protected asset management with a Trust that has been licensed and in business since 1954. WINR relies on the CyberLink Monetary System to complete the processing of Internet transactions using its Winners Processing System. The CyberLink Monetary System has a data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a center based in Vaduz, Liechtenstein and is the entity that provides the link between customers, products and services and licensed banking. The CyberLink Monetary System is managed by Intertreuhand Aktiengesellschaft, which has DDr. Reinhard Proksch serving as Managing Director. DDr. Proksch, a Fullbright Scholar, holds dual doctorates in law and information systems. In July 1998, CyberLink Monetary Systems agreed to exclusively license WINR as the sole provider of Internet gaming for its data processing operations. The Winners Processing System interfaces with the CyberLink Monetary System's data processing, and the financial transactions processed by the CyberLink Monetary System are then interfaced with the bank accounts managed by the CyberLink Monetary System. This membership gave WINR the financial structure and established links with foreign banks through the CyberLink Monetary System that have been extremely beneficial to WINR's operations and growth. ... SupraNet AG, Europe In early February 2000, the Company acquired a 19% interest of privately owned SupraNet AG. SupraNet is one of the few profitable Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs) in Europe and has been since 1995. Since its inception, SupraNet has experienced an average annual growth rate of over 80% and anticipates the same growth rate into the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. SupraNet AG serves individuals and businesses throughout Europe, providing dial-up Internet access See dial-up. to both private and business customers, leased lines A private communications channel leased from a common carrier. Most digital lines require four wires (two pairs) for full-duplex transmission. (communications, networking) leased line that currently serve major banking customers, DSL connections DSL connection n (Comput) → DSL-Anschluss m , hosting and venue with either virtual and/or physical servers, e-mail, and the SSM SSM abbr. surface-to-surface missile encryption technology and software. SupraNet is the developer of Supra A relational DBMS from Cincom Systems, Inc., Cincinnati, OH (www.cincom.com) that runs on IBM mainframes and VAXs. It includes a query language and a program that automates the database design process. Secure Mail (SSM), the most secure and highest encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science e-mail service See Internet e-mail service. transport technology available in the world today. With the collaboration Working together on a project. See collaborative software. of WINR and its cutting-edge financial transaction technology, SupraNet and WINR can can move toward becoming the most accepted encryption standard for business-to-business (B2B) communication and secure financial transactions. The security protocal incorporates a 448-bit key, which exceeds any available encryption in the world today. It is the first 400-plus bit encryption technology, a milestone in the development of security and privacy software, especially as compared to the current standard of 128 to 256 bit keys. The SSM code key encryption is so safe that it is estimated that the most powerful computers in the world would take 25 years to penetrate the code. As a further deterrent de·ter·rent adj. Tending to deter: deterrent weapons. n. 1. Something that deters: a deterrent to theft. 2. , the code changes every three minutes "Three Minutes" is the 46th episode of Lost. It is the twenty-second episode of the second season. The episode was directed by Stephen Williams, and written by Edward Kitsis and Adam Horowitz. It first aired on May 17, 2006 on ABC. making it virtually impenetrable im·pen·e·tra·ble adj. 1. Impossible to penetrate or enter: an impenetrable fortress. 2. Impossible to understand; incomprehensible: impenetrable jargon. . SSM is expected to be the new standard for safe, secure and confidential communication A form of Privileged Communication passed from one individual to another, intended to be heard only by the individual addressed. A confidential communication is ordinarily between two people who are affiliated in a confidential relation, such as an attorney and . This should give WINR a profound competitive advantage in the e-commerce marketplace as SSM offers the highest level of security for e-commerce financial activities now available. SupraNet is currently marketing and selling its 900KB proprietary SSM software at its website www.supra.net. WINR and SupraNet are in the process of developing the information and sales portal at www.encryption-plus.com. The Company expects this site to become one of the most popular website for privacy and encryption products, information and services in the world. WINR and SupraNet can utilize innovative synergies to create a global presence in e-commerce. WINR and SupraNet share European headquarters in the Cyber-Villa, located in Ruggell, Liechtenstein. This location and the collaboration of WINR and SupraNet will allow e-commerce merchants the opportunity to physically locate their servers for e-commerce in Liechtenstein to achieve the most expeditious ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex , secure, safe and confidential processing of financial transactions in the world. ... The "SecureNet- Plus" Network Also in early February, WINR completed negotiations to acquire 100% of the SecureNet-Plus Network from CyberLink Monetary Systems. As mentioned above, WINR has been working with CyberLink Group over the last year and will continue to receive their full support in the administration of these sites. The SecureNet-Plus Network is a series of e-commerce websites under the common name, http://www.____-plus.com. SecureNet-Plus has over 30 "plus" registered domain names, including Cyberbank-plus, Commodities-plus, Mortgages-plus, Loans-plus, Mutual Funds-plus, Eshop-plus. WINR recently registered another 30 `-Plus' Network domain names, including Accountants-plus.com, Attorneys-plus.com, Business-plus.com, Taxes-plus.com and other names related to services, products and support. The Company is now building a new e-commerce portal named WINR-plus.com for launch in the second quarter 2000. The WINR-plus.com portal will serve as the central hub of the SecureNet-Plus Network. The portal will direct Internet consumers to the best online provider or retailer in more than 300 product and service categories. Rather than querying a search engine, which often retrieves hundreds or thousands of retailers with no regard to their quality, the Company's new WINR.Plus portal will provide one-click access to those providers and retailers that offer the most competitive rates and highest levels of performance and service in each sector. The Company and a team of Internet experts are conducting market research and the comparative analysis necessary to determine the leader in each industry and service sector that will receive the WINR "seal of approval." The SecureNet-Plus Network will provide an exclusive, innovative solution to online shopping, with tremendous advantages over Yahoo, AltaVista, Excite and other traditional search engines. The Company's portal is different and beneficial because it will provide a targeted search with the benefit of expert advice at no cost to the consumer. The '-Plus' Network will encompass four overall category sites, covering Internet financial providers (IFP (1) (Intelligent Forms Processing) Using advanced techniques to scan documents and determine their data content. See ICR. (2) (Integer Factorization Problem) The difficulty of finding prime numbers in an encryption key. ), entertainment, e-commerce and services. These category sites will break down into '-Plus' sites for specific products and services within each category. For example, www.ifp-plus.com will include 10 related sites, such as Banking-plus.com, Barter-plus.com, Commodities-plus.com, Currency-plus.com, Futures-plus.com, IPO-plus.com, Loan-plus.com, Mortgages-plus.com, MutualFunds-plus.com, and TradeStocks-plus.com. The acquisition of the SecureNet-Plus Network gave WINR full, unrestricted ownership of all domains, including the exclusive financial processing for all such websites. This allows WINR and SupraNet to have complete hands-on marketing, processing and administration of the Network. For such administration and handling of the financial transactions at these various e-commerce websites, WINR receives as revenues a percentage of the transaction. The Company already has several contracts in active negotiation. WINR expects to obtain a significant share of the European e-commerce market both because of its innovative "-Plus" strategy and because they are the only company that will be able to offer the new 448-bit key standard for encryption and WINR's unique, cutting-edge secure financial transaction processing. SecureNet-Plus Network allows the user to have immediate access to many different services available on the Internet, including stock trading, online auctions, mutual fund trading, insurance, golf courses and retail establishments. The user will be able to use the funds from the Company's own Internet bank account to purchase goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. from these establishments. Also, in connection with WINR's new e-commerce initiative and focus, WINR has developed a new e-commerce service called eSwipe(TM). eSwipe(TM) provides for seamless processing of major credit cards to Internet companies and their customers. The Company perceived that one of the main problems with Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. breaches is that customers are forced to use their credit card each and every time they make a transaction, thereby increasing the risk of theft dramatically. The Company plans to integrate its new eSwipe(TM) product with the SecureNet-Plus Network. The SecureNet-Plus Network customer will then have a seamless connection to all merchants who are using WINR's processing and encryption package to use either major credit cards or to directly debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. their WINR Internet bank account. Merchants and customers who use the SecureNet-Plus Network will have a significant security advantage over traditional e-commerce methods that are currently in use. The Company is currently in negotiations with numerous companies that WINR has selected for the '-Plus' Network. In addition, SecureNet-Plus provides the ability for businesses to implement their Internet business with servers located in Liechtenstein. This allows worldwide businesses to have a single location for their retail e-commerce needs. Customers are offered complete bank card processing through a merchant account, total back office accounting and reports, access to an international customer base, processing in all currencies, tax advantages and a complete staff available 24 hours a day to service their customers. It gives the Internet business the full advantages of a Liechtenstein venue and complete processing, communication and banking in one safe, secure and confidential environment. The Company expects that SecureNet-Plus will create tremendous growth for its planned new banking entity, CyberBank, as consumers and Internet businesses take advantages of the benefits of the network and banking in Liechtenstein. A Liechtenstein Internet Bank ... WINR's CyberBank As mentioned above, WINR has offices and operates in Liechtenstein and has many valuable existing relationships in the Principality. The Company retained Dr. Peter Keppeler of Ernst and Young, Bern, Switzerland, to explore the viability of filing an application for an Internet Banking License in Liechtenstein. Dr. Keppeler was the author of the Liechtenstein banking laws that were passed by the Liechtenstein parliament. On February 10, 2000, the Company announced that it was officially advised by Dr. Keppeler that WINR, as a publicly traded U.S. company, has the right to participate in the ownership of shares in a Liechtenstein Private Bank. The Company intends to proceed with its comprehensive business plan for forming a Liechtenstein bank, and servicing global Internet e-commerce and secured financial transaction processing, including Internet Banking and Brokering. The Company views Internet Banking and Internet Brokering as the fastest growing segments in the entire financial sector. Market capitalizations Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of major U. S. American competitors are without any exception in the multi-billion dollar range, e.g. Charles Schwab ($31.4 billion, www.schwab.com), Ebay ($21.3 billion, www.ebay.com), and Ameritrade ($2.8 billion, www.ameritrade.com). Currently, the European market for Internet Banking and Brokering is rapidly developing and WINR will be very well positioned at this early stage in Europe. WINR is current working with European marketing experts to develop an aggressive marketing strategy allowing it to command a significant market share in Europe. The European market has approximately 10 million online banking customers and is growing at an enormous rate. The market capitalization of major European competitors are also without exception in the multi-billion dollar range. For example, Germany is the largest European market with currently over 2.5 million online banking customers. The market capitalizations of major German online banks are: ConSors AG ($3.9 billion, www.consors.de), Direkt Anlage anlage /an·lage/ (ahn-lah´ge) (an´laj) pl. anla´gen [Ger.] primordium. an·la·ge or An·la·ge n. pl. an·la·ges or an·la·gen 1. Bank AG ($2.3 billion, www.diraba.de), and Entrium Direct Bankers AG ($l. l billion, www.entrium.de). Although this is an extremely competitive environment, WINR has the advantage of the exclusive use of the safe and secure SecureNet-Plus Network, the highest encryption technology available in the world, and the location of Liechtenstein where the government respects confidentiality and where absolute privacy is protected by law. Without borders A number of NGOs have adopted the "Without Borders" tag, inspired by Doctors without Borders.
adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. banking laws, provides a bridge between all the world markets overnight. WINR's Cyberbank will be positioned to gather a huge share of the marketplace because of its location, secure transaction processing, the joint venture with an Internet Provider Internet provider - Internet Service Provider , its assembly of leading experts in banking and worldwide e-commerce, and the SecureNet-Plus Network. WINR can provide the most secure technology for the safe transmission of deposits into the CyberBank with a complete back office for tracking and reporting transactions. The WINR's secure transaction processing is able to process transactions worldwide utilizing multiple currencies and complete accounting and back office reconciliation. CyberBank will have the distinction of the exclusive use of this technology in the online banking industry. These unique capabilities will add significantly to WINR's bank processing revenue. Fee-based banking revenues are expected surpass interest-based revenue by 2003, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Killen & Associates study. Internet E-Commerce is Exploding ... Dire Need of Secure Financial Transaction Processing The Internet has opened commerce to the global market overnight. The Internet has created a virtual global marketplace with non-existent territorial boundaries. World commerce is finding the Internet is shrinking the globe with the almost daily technological advances. However, the need still exists for regulation and the ability for the world to speak the same basic language in financial transactions. According to the market analysis gathered by Gartner Group's Dataquest, the worldwide market for e-commerce is expected to grow over 1,000% from 1999 to 2003, or approximately $35 billion to $400 billion in annual sales. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
Industry analysts have stated that after just five years of real growth, the Internet is home to over $1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. worth of businesses. That is about the size of the entire Japanese economy. Analysts agree without exception that the Internet is growing at a phenomenal pace, with traffic doubling every 100 days. Even with this tremendous growth, only 2% of humanity currently has access to the Internet. So there is much room for maintaining or accelerating this rate of growth. Business-to-business (B2B) communication and its encryption is also rapidly growing into a multi-billion dollar market. The Company expects to obtain a significant market share of this expanding industry. WINR has already received many inquiries from potential business customers around the globe. The Company's new e-commerce package offers the highest level of security for the transaction, in addition to communication between customers and merchants, stockbrokerage houses, trust companies, attorneys, and all others with a need for secure e-mail. The Company's technology guarantees privacy not only for e-mail messages, instructions or orders, but also for the sender's and recipient's names as well. WINR, together with SupraNet, have the ability to not only process transactions in a safe, secure environment, but to provide host services, leased lines, and expanded Internet and communication services to merchants, customers and financial institutions. Within the rapidly growing e-commerce area, WINR is a leader in providing the safest technology and software for processing all types of transactions. Leading credit card companies have now recognized WINR for their efforts in this secure transaction processing. WINR's Top Management David C. Skinner Skin·ner , B(urrhus) F(rederick) 1904-1990. American psychologist. A leading behaviorist, Skinner influenced the fields of psychology and education with his theories of stimulus-response behavior. , Jr., Chairman, Chief Executive Officer, President and Treasurer. Mr. Skinner was appointed Chairman of the Board, President and Treasurer on June 1, 1997. In July of 1999 he was re-elected President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . From January 1995 he managed Skinner, Varney & Associates, a tax and business consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . In 1996, Mr. Skinner was affiliated with Grand Holiday Casino Holiday Casino was a hotel and casino that opened in 1972 as a 15-story tower with a showboat as a podium. In 1983, they added a 23-story tower. Holiday Casino added a 35-story tower in 1989. In 1992 it was renamed Harrah's Las Vegas. of Aruba, where he managed the payout structure for an international sportsbook. From 1995 to 1997 he was employed by Enterprise Distributors, Inc., who made video gaming video gaming n. 1. Gambling by means of interactive games of chance played on a video screen. 2. The playing of video games. devices. In 1996 he served as a President of Caribbean Palace, Inc. (Club Casablanca) of Myrtle Beach, South Carolina Myrtle Beach is a city and in Horry County, South Carolina, United States. It is part of the Grand Strand, a stretch of beaches along the South Carolina coastline, and the combined Myrtle Beach-Conway-North Myrtle Beach MSA. . Charles E. Scott, Vice President, Chief Technical Officer. Mr. Scott was appointed Vice President-Technical on June 1, 1997. He was elected Vice President and appointed Chief Technical Officer in July of 1999. From 1995 to 1997, he was employed by Skinner, Varney & Associates as an office administrator. From 1996 to 1998 he was employed by Telephone Information System Services in Curacao where he designed and implemented secure Internet and intranet access to multiple sportsbooks. He received a bachelors degree in computer information systems from Florida State University Florida State University, at Tallahassee; coeducational; chartered 1851, opened 1857. Present name was adopted in 1947. Special research facilities include those in nuclear science and oceanography. . Ronald Oehri, Director. Mr. Oehri was elected as a Director in July of 1999. From January 1, 1999 to the present he has been the C.E.O. of Quality Net AG, which provides Internet marketing See Internet advertising. . Since September 1997 he has been the C.E.O. of SupraNet AG, which is an Internet service provider. Beginning in December 1984 through the present he has been the C.E.O. of Koro AG, a trading company. Markus Buechel, Director. The Honorable Markus Buechel, the former Prime Minister of Liechtenstein, was appointed as a Director in February of 2000. Mr. Buechel began his career by studying law at the University of Berne in Switzerland and the University of Munich in Germany. After a few years of legal practice with two of Liechtenstein's leading law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
pl.n. Affairs concerning international relations and national interests in foreign countries. . He was then voted Prime Minister of the Principality of Liechtenstein in a general election. Mr. Buechel's distinguished career in the public sector resulted in the Prince of Liechtenstein awarding him the country's highest honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. for his services to the nation. Since Mr. Buechel's retirement from public office, he is active as a board member of a management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm and two European telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. companies. He currently positions as a director of various European firms that are synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. with Winners Internet Network's markets. His long-standing relationships with highly regarded politicians and businessmen throughout Europe brings substantial value to Winners Internet Network. His in-depth knowledge of the community, and its citizens' needs, is of particular benefit to WINR given its current efforts to establish solid operations across Europe and to introduce Cyberbank as a leading Internet bank with the world's most secure encryption technology to European consumers. Douglas J. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. , Director. Mr. Morgan was appointed as a Director in February of 2000. Mr. Morgan is the President and CEO of Performance Strategies, Inc. Mr. Morgan is a magna cum laude cum lau·de adv. & adj. With honor. Used to express academic distinction: graduated cum laude; 25 cum laude graduates. graduate from both Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, with a Bachelors Degree and Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. with a Masters Degree, both in Computer Science and Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. . Mr. Morgan was also a National Science Foundation Fellow. He has over 25 years of experience in the computer and high tech industry with an early background in programming, design, and project management with companies such as Computer Sciences Corporation, Hughes, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , and Hewlett Packard. He founded and served from 1981 to 1984 as President of DynaMicro, Inc., a software and computer game development company known for its development of the national best selling game Dungeons of Daggorath Dungeons of Daggorath is a pioneering 1982 computer game that can be considered a forerunner of the first-person shooter genre, although no shooting takes place. One of the first games to use a 3D first-person perspective, it was produced by DynaMicro for the Tandy . Mr. Morgan also served as Chairman of Unified Technologies, Inc., a hardware/software development company from 1981 to 1985, when the company merged with Hirsch Electronics Corp., one of its clients. He served as Vice President of Engineering for Hirsch, a successful privately-held networked security system developer and manufacturer, from 1985 to 1989. From 1989-1994, he served as President and Chairman of Stratos Scientific Corp., a technical consulting firm, and from 1995 to 1997, he served as the Chairman of Visual Technologies, Inc., a multimedia development company. From 1995 to the present he has served as President and CEO of Performance Strategies, Inc., an international consulting firm serving the high tech and related industries and providing high-level assistance in strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , business model and financial development, network and Internet strategies, and web-site development. He is the holder of 5 U.S. Patents relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc networking, security and computer systems design. Financial Discussion & Revenue Streams We believe the acquisitions and partnership made or recently formed by WINR provide the Company with an exclusive, proprietary infrastructure to offer state-of-the-art secure, financial transaction capability to Internet e-commerce companies. This is probably the most lucrative area in Business-to-Business (B2B) Internet commerce because it is critical to the profitability and the actual ability of businesses to operate on the Internet. The acquisition of 19% of SupraNet AG, which has grown at 80% for the last five years with expectations to continue such growth, will further add to WINR's revenues. The synergistic combination of WINR and SupraNet and their joint marketing efforts for SSM encryption technology will contribute additional revenue streams. WINR has already received numerous inquiries from worldwide e-commerce businesses that are seeking to locate their servers in WINR's and SupraNet's facilities. WINR recently signed a contract with Winner Market AG (no affiliation with Winners), a Swiss e-commerce group, owned by TA-Media AG, the most successful media enterprise in Switzerland with daily newspapers, magazines, radio and TV stations and more than $400 million in annual revenues. Winner Market has chosen WINR's services for its e-commerce transactions for its group of e-commerce sites, including an Internet job marketplace, Swiss real estate marketplace, Swiss vehicle marketplace and a Swiss auction house. WINR receives a very lucrative share of revenue on a percentage basis per processed transaction. WINR plans to set up its majority-owned or controlling minority-owned CyberBank AG to provide complete global Internet banking services from Liechtenstein, providing services no other bank can currently offer. We expect the revenue streams from WINR's CyberBank to contribute to an extremely rapid growth period for the Company. WINR is already profitable. For the 10 months ended October 31, 1999, on revenues of only $1.7 million, net income came in at $1.1 million or $0.07 per share. Based on WINR's anticipated new revenues streams, we are projecting WINR's revenues to grow from an estimated $2 million in 1999, to $20 million in 2000, and expanding to $35 million and $50 million in 2001 and 2002. We are conservatively projecting net income of $4.8 million or $0.30 per share in 2000, $8.5 million or $0.53 per share, and $12.3 million and $0.77 per share in 2001 and 2002, respectively. Most profitable and even numerous unprofitable Internet-related companies currently carry extremely high PE ratios in the markets today. WINR currently carries a PE ratio of 49, which is significantly lower than most Internet companies' current PE averages. Assuming WINR simply maintains a PE of 50 going forward, this would bring WINR's stock price to $15 by the end of 2000, and $26 to $27 in 2001, and $38 to $39 in 2002.
Revenue and Earnings Projections
(In Thousands, Except per Share Data)
Actual - A 10 Months Fiscal Fiscal Fiscal Fiscal
Estimates - E Ending-A 1999-E 2000-E 2001-E 2002-E
31-Oct-99 31-Dec-99 31-Dec-00 31-Dec-01 31-Dec-02
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REVENUES $1,750 $2,000 $20,000 $35,000 $50,000
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Total Expenses 621 660 15,200 26,500 37,700
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NET INCOME 1,129 1,340 4,800 8,500 12,300
Margin 64.5% 67.0% 24.0% 24.3% 24.6%
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Net Income Per Share $0.07 $0.08 $0.30 $0.53 $0.77
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Weighted Average
Shares Outstanding 15,843 15,991 16,000 16,000 16,000
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PE Ratio Assumption 49 50 50 50
Projected Stock Price $4.13 $15.00 $26.50 $38.50
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Winners Internet Network, Inc.
Consolidated Balance Sheet Highlights
(unaudited)
Period Ended Period Ended
31-Oct-99 31-Oct-98
------------ ------------
Total Current Assets $2,718,122 $34,863
Total Assets $2,891,651 $469,738
Current Liabilities $821,785 $1,530
Long-Term Debt $0 $0
Total Liabilities $821,785 $1,530
Shareholders' Deficit $2,069,866 $468,208
Common Shares Out. 15,990,863 13,884,856
Working Capital $1,896,337 $33,333
Current Ratio 3.31 22.79
LT Debt/Total Equity 0.0% 0.0%
Book Value Per Share $0.13 $0.03
Investment Opinion WINR stands out from its competition because it owns proprietary software and technology that enables the world's most secure processing of financial data on the Internet, and particularly because of its location in Liechtenstein. WINR's recently announced appointment of the former Prime Minister of Liechtenstein, Markus Buechel, to the Company's board of directors gives it instant credibility in the European marketplace and has created international interest. The Company has received significant inquiries from around the world concerning its proprietary 448-bit key standard for encryption and SSM, and has seen requests concerning their use in even more areas than the Company had anticipated. We believe the Company's European B2B encryption and secure communication offerings will command a significant share not only of the quickly unfolding European e-commerce and Internet Banking market, but also of worldwide markets It is even conceivable con·ceive v. con·ceived, con·ceiv·ing, con·ceives v.tr. 1. To become pregnant with (offspring). 2. that the Company's new encryption technology could become a European or world-wide Business-to-Business standard, in the same way that Qualcomm's (NasdaqNM: QCOM) cellular technology seems to becoming an worldwide standard. Any such standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting would have enormously positive implications for the company far beyond that detailed in this report - in the same way that Qualcomm has reaped the rewards of appearing to have set such a standard in the cellular arena. WINR's encryption and secure communication capabilities, coupled with its financial transaction processing offerings and the added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
We are recommending the purchase of WINR for strategic investors with a two to three year investment horizon. We are expecting WINR's stock price to increase into the $15 range in 10 to 12 months, and the $26 range in 24 months. This would offer investors very significant returns from WINR's current price level of about $4. DISCLAIMER (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the AND DISCLOSURE STATEMENT The material contained in this report is believed to be accurate and was derived from company information, interviews with management, information available to the public and other sources believed reliable. However, CSK Securities Research ("CSK") does not represent that this report contains all materials facts, nor does it guarantee its accuracy. In addition, there can be no assurance of disinterestedness dis·in·ter·est·ed adj. 1. Free of bias and self-interest; impartial: "disinterested scientific opinion on fluorides in the water supply" Ellen R. Shell. 2. . This report is for informational purposes only and should not be construed as being a recommendation either to buy or to sell the securities of the company discussed herein. These securities may be speculative and not appropriate for all investors. Any opinions and/or projections expressed herein are solely those of CSK and are subject to change without notice. Any projections or estimates herein made assume certain economic and industry conditions and parameters subject to change. Any investment opportunity contained in this report contains a high degree of risk and prospective investors are encouraged to review in detail the Company's Prospectus and/or other documents on file with the Securities and Exchange Commission (www.sec.gov) for additional information. We recommend that investors contemplating purchase or sale of these or any securities also consult with a qualified stockbroker Stockbroker 1. An agent that charges a fee or commission for executing buy and sell orders submitted by an investor. 2. The firm that acts as an agent for a customer, charging the customer a commission for its services. or other investment professional. Copyright 2000, Christina Skousen. |
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