| Business Summary | | eLOT,
Inc.,
along
with
its
wholly
owned
subsidiary
eLottery,
Inc.
(ELOT)
intends
to
be
a
Web-based
retailer
of
governmental
lottery
tickets.
eLOT
has
developed,
installed
and
operated
systems
that
have
processed
10
million
e-commerce
lottery
ticket
sales
and
transactions.
It
has
operated
Internet,
intranet
and
telephone
communications,
accounting,
banking,
database
and
other
applications
and
services
that
can
facilitate
the
electronic
sale
of
new
and
existing
lottery
products
worldwide.
eLOT
also
operates
a
lottery
results
e-mail
notification
service
at
its
eLottoNet.com
site
and
a
reward-entertainment
lottery
portal,
eLotteryFreeWay.com,
which
offers
lottery
and
entertainment
games
with
registered
players
earning
"ePoints"
that
are
redeemable
for
cash
and
merchandise. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | eLOT
has
developed,
installed
and
operated
systems
that
have
processed
10
million
e-commerce
lottery
ticket
sales
and
transactions
for
governmental
lotteries.
For
the
six
months
ended
6/01,
revenues
totalled
$941
thousand,
up
from
$187
thousand.
Net
loss
from
continuing
operations
rose
12%
to
$6.8
million.
Revenues
reflect
acquisitions
and
the
launch
of
the
Lottery
notification
business.
Higher
loss
reflects
increased
depreciation
and
amortization
expenses
and
a
$366
thousand
asset
impairment
charge. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Stanley Kabala, 56 Chairman | $940K | Edwin McGuinn Pres,
CEO | -- | Robert Daum, 47 Exec.
VP of Fin. and Devel. | -- | Michael Yacenda, 48 Exec.
VP; Pres, UniStar Entertainment | 269K | Barbara Anderson, 48 Sr.
VP- Law and Admin., Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|