NONA MORELLI'S II, INC. ANNOUNCES 13D FILING WITH JOSEPH J. MONTEROSSO, PRESIDENT OF NATIONAL POOLS CORP.
National Pools Corporation is a California corporation founded in 1992 by Mr. Monterosso and others to provide its proprietary HIT-LOTTO service in states with lotteries. According to Mr. Monterosso, National Pools has completed test marketing of its service and its sale of a pre- paid debit card called the HIT-LOTTO Value Card, and intends to offer the "Hit Lotto" service nation-wide.
The HIT-LOTTO program, which incorporates proprietary software developed by the company, has been in testing and development since 1992, and now complies with various state models for group lottery play. The service also complies with state and federal regulations applicable to telephonic transmission.
Mr. Monterosso believes that the HIT-LOTTO service will succeed in attracting 1.5% of the more than $2.5 billion in average monthly national lottery ticket sales within the next few years.
Nona Morelli's II Inc., historically a manufacturer of fresh pasta and Italian food products, is a leisure and entertainment holding company with operations and development-stage activities in international and domestic gaming, food manufacturing and commercial real estate.
/CONTACT: OTC Communications, 800-458-1786/
CO: Nona Morelli's II Inc.; NuOasis Gaming Inc.; National Pools
Corporation ST: California IN: CNO SU: TNM
SB -- NETH022 -- 3504 06/27/96 16:28 EDT
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|Date:||Jun 27, 1996|
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