Group V Corporation Reports Formation of First HitLoTTo Clubs.SAN FRANCISCO--(BUSINESS WIRE)--March 4, 1998-- --25,000 HitLoTTo(tm) Club Cards Distributed Since January 30, 1998-- Group V Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GRPV) announced today that its National Pools Corporation (NPC 1. (complexity) NPC - NP-complete. 2. (architecture) NPC - Next Program Counter. ) subsidiary today began forming the first HitLoTTo(tm) Clubs. NPC reported that over 25,000 HitLoTTo(tm) Club Cards have been distributed since January 30, 1998, and that the long distance calling capabilities of the pre-paid telephone card are in use. The first HitLoTTo(tm) Clubs will enter the Powerball Lottery's March 4, 1998 drawing, the Big Game Lottery's March 6, 1998 drawing, and the Florida Lottery's March 7, 1998 drawing. NPC reported that the official date for the commencement of HitLoTTo(tm) Clubs was adjusted due to the decision to expand the HitLoTTo(tm) Club Card preview offer to the general public, which required the printing and shipment of additional cards to ensure that all interested cardholders would have the opportunity to participate in the first HitLoTTo(tm) Clubs. "I am excited to announce the commencement of HitLoTTo(tm) Clubs," stated Marcy McCann, vice president of marketing at National Pools Corporation. "We are pleased with the interest received both through phone calls to our offices as well as the high volume of traffic on our web site during the past few days. "The HitLoTTo(tm) Club Card's unique combination of pre-paid phone service and entertainment value has attracted significant interest from a variety of market segments," continued McCann. "Since the card is a niche product with free lottery A free lottery is a popular form of gaming in the internet which involves the drawing of lots for a prize. Compared to a real lottery there is no money, no wager to enter the game. club memberships, we expect initial demand to come primarily from existing lottery players. Given both domestic and international demand, we are considering accelerated distribution and retailing of the HitLoTTo(tm) Club Card once the product is well-established among U.S. lottery markets." The HitLoTTo(tm) Club Card The HitLoTTo(tm) Club Card is a pre-paid telephone card with 40 minutes of long distance time. The card also comes with five free plays in any of the currently available lottery clubs: the HitLoTTo(tm) Powerball Club, the HitLoTTo(tm) Big Game Club, the HitLoTTo(tm) Florida Club, and after March 15, 1998 the HitLoTTo(tm) California Club The California Club is a private social club established in 1887 in downtown Los Angeles, California. It is the oldest private social club in Southern California. The California Club has always been a vital factor in the business, social, cultural and civic life of the City of Los . Cardholders can enter any of the HitLoTTo(tm) Clubs at anytime by making a toll-free call to the HitLoTTo(tm) automated voice response system. Each time a cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold enters a club, one free play is automatically deducted de·duct v. de·duct·ed, de·duct·ing, de·ducts v.tr. 1. To take away (a quantity) from another; subtract. 2. To derive by deduction; deduce. v.intr. from their HitLoTTo(tm) Club Card. The service joins 100 players into a lottery club and then purchases 100 official state lottery A game of chance operated by a state government. Generally a lottery offers a person the chance to win a prize in exchange for something of lesser value. Most lotteries offer a large cash prize, and the chance to win the cash prize is typically available for one dollar. tickets for each club. If any ticket in that club wins a cash prize, all 100 members of the club will share equally in the winnings. The HitLoTTo(tm) Club Card is sold for $20.00. For product information and current club pot sizes, see the HitLoTTo(tm) web site at www.hitlotto.com. The Preview Offer As a bonus to people who participate in the HitLoTTo(tm) Club Card preview, NPC is offering a sixth free lottery club play and a limited edition collector's card (while supplies last) commemorating the official launch of the HitLoTTo(tm) Club Card. The first HitLoTTo(tm) Clubs will offer the opportunity to participate in the Powerball lottery, Big Game lottery, and Florida lottery The Florida Lottery is one of the most lucrative single-state lottery systems in the United States with numerous On-line and Scratch-Off games offering players a wide variety of prize levels. The minimum age to purchase a Florida Lottery ticket, regardless of game, is 18. . After March 15, 1998, the HitLoTTo(tm) Club Card will also offer the opportunity to participate in the California lottery. The Company's wholly-owned subsidiary, National Pools Corporation (NPC), launched the preview offer of its HitLoTTo(tm) Club in February 1998. About Group V Corporation Group V Corporation is a diversified telecommunications software and services company operating in niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. . Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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 such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. -0- For more information and updates on Group V Corporation, see www.hitlotto.com and www.otcfn.com/grpv. To purchase a HitLoTTo(tm) Club Card, call (800) 443-1366 / (501) 443-1366. CONTACT: OTC Financial Network Group V Corporation Geoffrey J. Eiten Marcy McCann (888) 274-8001 (603) 964-2021 |
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