InternetLOTO.com is Featured in WIRED MAGAZINE -- ``Who Wants to Be a Billionaire?'' -- and RIMPAC Signs On New Independent Auditor.
SAN DIEGO--(BUSINESS WIRE)--Nov. 19, 2002
Rimpac Resources Ltd. (OTCBB:RIMP), a Nevada corporation, announced its Internet Lottery company, www.InternetLOTO.com, was featured in an article published by WIRED MAGAZINE (www.Wired.com) in the November 2002 issue.
The article, titled, "Who Wants to Be a Billionaire?" on page 40, provides an interesting overview of lottery companies cashing in on the latest Satellites, DSL and Web technologies. Only InternetLOTO.com was presented as the first global Internet Lottery portal.
Also, Rimpac Resources announced the engagement of Deron Johnson & Associates as its new Independent Auditor, effective Nov. 11, 2002.
"Our vision to develop and market the first global Internet Lottery portal is becoming a reality. www.InternetLOTO.com promotional lottery site is presently in English, Spanish and Vietnamese. Our database of international players registering online continues to grow dramatically. We are signing up more Internet Cafes as AFFILIATES to distribute our e-lottery tickets in Vietnam. Various marketing strategies are being implemented to build our branding and name recognition. In the coming months, we anticipate InternetLOTO.com will be more visible in the news and investment community. In addition, we are very excited to hire Deron Johnson & Associates to provide financial auditing for Rimpac Resources," commented Thomas Johnson, president & CEO.
About the Company:
RIMPAC RESOURCES LTD. (www.RimpacResources.com), parent company of Internet LOTO Inc., is developing and marketing InternetLOTO.com, the first global Internet lottery Web portal, where worldwide players may purchase e-tickets online to win jackpots offered by various state and government sanctioned lotteries. Players around the world will be able to view exciting live Web casts of weekly drawings.
The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to: failure of the proposed business plan to be implemented due to the failure to obtain regulatory or other approvals; the risk that Rimpac's business and other businesses acquired by Internet LOTO will not be integrated successfully or that Internet LOTO will incur unanticipated costs of integration, Internet LOTO's ability to execute its integrated web-based software services, professional services, and managed services strategy; the uncertainty of custom; demand for enterprise web-software services; the combined companies' ability to develop new products and services and enhance and support existing products and services; the combined companies' ability to maintain Rimpac's vendor and strategic partner relationships and retain key employees; increasing competition from other providers of software solutions and professional services. For a detailed discussion of these and other cautionary statements, please refer to the documents filed by Rimpac with the SEC relating to this transaction. Further information about risks and uncertainties relating to the companies and their respective businesses can be found in Rimpac's most recent SEC filings.