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Betting Inc. - Coming Soon to a Cell Phone of Yours

28 December 1997

LAS VEGAS -- Betting Inc. has signed a global license with ET&T (formerly HPOS) for the exclusive usage of the mobile wireless Pay Master for the application of wagering with same as cash ATM card and PIN or smart card.

"This means that someone driving a car in New York could place same as cash wager on the track from their car while stuck in traffic," stated Tom Hughes, Chairman of Betting Inc. New York is one of the states that presently allows home off-track betting.

The wireless Pay Master is in effect a hand held phone with a QWERTY keypad, display screen and ATM card, credit card, smart card reader which will allow any bill pay or purchase as either an electronic draft capture credit card transaction or same as cash ATM card with PIN or smart card transaction.

The ET&T bank host processor provided by Smoky Mountain Technologies will be processing the wireless Pay Master transactions.

ET&T has also granted Betting Inc. the authority to sub license the manufacturing of the wireless Pay Master with potential partner countries such as the United Kingdom or Japan, where the home or remote wagering market is favorable.

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