Planetlotto Jackpot $5 Million USD -- Bonus Play Jackpot $40 Million USD; 1st Drawing Friday, January 18th 2002.Business Editors/Entertainment Writers LA JOLLA, Calif.--(BUSINESS WIRE)--Jan. 7, 2002 Interspace interspace /in·ter·space/ (in´ter-spas) a space between similar structures. in·ter·space n. A space between two things; an interval. Enterprises, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ITET ITET Initial Teacher Education and Training ), announced today that the www.planetlotto.com web site, approved by the International Lottery in Liechtenstein Foundation on December 20, 2001, will offer a minimum guaranteed jackpot of $5 Million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. as well as a Bonus play guaranteed jackpot of $40 Million USD for its inaugural draw. The first draw is scheduled for Friday, January 18, 2002 and will continue on a weekly basis thereafter. Last entries for this Draw will be taken at 14.55 Central European Time Central European Time Noun the standard time adopted by Western European countries one hour ahead of Greenwich Mean Time, corresponding to British Summer Time Abbrev: (CET) (CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr ) January 18, 2002, one hour before the beginning of the Draw sequence. Entries after 14.55 (CET) will be entered for the following Draw. Daniel P. Murphy, Interspace Enterprises 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. , "The PlanetLotto game will provide a unique experience for the lottery enthusiast. With a $2.00 entry, a player will select 7 numbers from a total of 49 numbers available, if a player correctly guesses these 7 numbers, in any order, they win the current jackpot prize of $5 Million USD. Additionally, each entry also includes a $40 Million USD bonus play, automatically included within the seven number selection. If a player correctly selects the Planet Ball and six remaining numbers in any order, they win both jackpot prizes." Adriaan Brink, CEO of Zabadoo, "The PlanetLotto 7/49 jackpot game is innovative and exciting. I expect this game to be well received within the online lottery community over the course of 2002. The Planetlotto jackpot combined with the other insured jackpots is truly a winning combination." Daniel P. Murphy added, "Our game provides an incentive for players to participate when the progressive jackpot is low due to the bonus play opportunity, which should drive more ticket sales and enable our jackpot to progressively increase until we have a jackpot winner." All lottery draws will be observed by Ernst & Young AG -- Ernst & Young Aktiengesellschaft, Vaduz, a member of the International accounting firm Ernst & Young. Planetlotto.com is operated by the International Lottery in Liechtenstein Foundation, which is authorized and controlled by the Liechtenstein Government. All servers are located in Liechtenstein and the lottery games are sold through the Internet from these servers. The following prizes are insured by a Lloyds of London Lloyds of London A marketplace in London for underwriting syndicates. broker and paid in annual installments: 7 number match in any order, Bonus Play -- 7 number match with Planet Ball match and 6 number match, excluding the Planet Ball selection. Players who win Prizes will be required to show that they were over the age of 18 years at the time that they entered. Employees, servants, agents and family of ILLF ILLF International Lottery in Liechtenstein Foundation , Planet Lotto and all associated companies and representatives, partners and staff of Ernst & Young AG Vaduz and certain partners and staff in other member firms of Ernst & Young International as currently specified by Planet Lotto, are ineligible to take part. Planet Lotto does not accept deposits from Players connecting through Swiss and US servers. Some restrictions apply. Void where prohibited. Determination of winners is subject to the rules and regulations of the PlanetLotto Lottery, see web site rules for details. Except for the historical matters contained herein, the matters discussed in this press release are forward-looking and 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 these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Interspace Enterprises, Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Interspace Enterprises, Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the Securities and Exchange Commission. For more information, please visit the company Web site at http://www.interspaceenterprises.com or call Interspace Enterprises -- Investor Relations at 858/456-3539. |
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