[ Editorials - Editorial Commentary - Tony Velocci - Sneak Preview - Update Briefs - Important Strategies - Dow 30 Market Timing - Ken Coleman ]


based casinos, web publishing, & e-commerce. GAMM's wholly owned subsidiary, Interactive Gaming & Wagering NV (IGW), develops proprietary gaming software & hosting services for the emerging online gaming industry. It developed applications specifically designed to launch Internet-based casinos & sportsbooks.

IGW's Internet & Telephony Sportsbook & Casino System (ITSCS), the result of four years of R&D effort, represents one of the industry's first truly comprehensive turnkey solutions. It is easy to use & secure, requires no download, & uses advanced graphical user interface techniques & state of the art firewall protection to achieve a visually rich, highly functional, & safe environment for both operators & gamblers. On 9/23/99, GAMM announced it acquired San Francisco-based Prevail Online, Inc., an Internet products & services company in the Internet gaming & wagering industry. Prevail operates three popular online services. They deliver gaming directory information through www.wheretobet.com, real-time sports gaming news & statistics through www.thesportsdaily.com, & mainstream online wagering information via www.netbet.org.

Cashew Corp. (www.fairdealcasino.com & www..fairdealsports.com), Gameday International (www.gamedaycasino.com & www.gamedaysportsbook.com), VIP Sports (www.vipcasinos.com & www.vipsports.com), Wall Street Superbook (www.wssbcasino.-com & www.wallstreetsuperbook-.com), & Legalbook Sports (www.5cardcharlie.com & www.fivecardcharlie.com) are five of GAMM's initial licensees.

Gambling is one of the fastest growing segments of the entertainment industry, with legal gambling in the U.S. alone generating more than $480 billion per year, of which $40 billion represents net revenue for the operators. Gambling is larger than the motion picture, recording, & newspaper businesses combined. On a worldwide basis, betting is estimated to generate over $1 trillion annually.

Nine states already allow their citizens to access professional gaming services at home via telecommunications devices (Sinclair Report). Online gaming is expected to generate worldwide revenues of $8 billion by 2001, with $3.5 billion coming from U.S. consumers (Christensen/Cummings). More than 15% of the world's recognized governments, including such nations as Sweden, Finland, Australia, Germany, Liechtenstein, the Netherlands Antilles, Costa Rica, Dominica, & Antigua, currently permit online gaming in some form. Online wagering reached $650 million in 1998, & is expected to exceed $10 billion by the year 2003 (source: Datamonitor).

Call president Steven Abboud at 402-331-3189 or 888-777-4266; fax: 402-331-2899; e-mail: gamm@radiksa.net or steve@globalentertainmentinc.com, or write 6235 South 90th Street, Omaha, NE 68127, or call Shannon T. Squyres, president, Market Pathways Financial Relations Inc. at 800-744-1860, fax 949-955-1868, e-mail: stockquest@marketpathways.com, or write 2222 Martin, Suite 110, Irvine, CA 92612. www.interactive-gaming.com [R-6; M-7; L-8]

Hello Direct, Inc. (NASDAQ/HELO) develops & markets desktop telephony products. They include headsets, audio/video teleconferencing equipment, call/voice processing equipment, computer/telephone integration, cellular/PCS equipment, & wireless & other related desktop interface equipment. Sales for Q3 (9/30/99) were a record $20.2 million, up 19% from Q3 last year. Net income was a record $1 million, up 57% from Q3 last year. The telephony market is growing 10% per year, with the Internet channel growing at about 200% per year. HELO acquired PhoneZone.com 1/11/99, the leading web buyers' guide for telecom products & services.

HELO sells using a direct marketing approach -- you've probably seen its catalog if you have a small business. I've been getting them for years. In 1996, it introduced its HelloSetR CordlessTM 100, the first extended-range 900MHz headset, Office RoverR, the first wireless pocket pak 900MHz headset, & SuperProR, the only headset amplifier with patented LearnIt interface. It introduced many other firsts in the 1991 to 1996 period, & in the years since. This year, it added its UltralightR EX, a very light weight more comfortable corded headset, its SoloR II, an over-the-ear corded headset, & its CordlessTM XLT, a sleek, comfortable cordless headset with improved radio.

Telephone products & equipment that used to be considered discretionary are now considered standard, & the trend to making telephone related tasks more comfortable is accelerating. Call CFO Dean "Kip" Witter III @ 408-363-6158 or write 5893 Rue Ferrari, San Jose, CA 95138. Or call Don Markley at HELO's IR firm, The Financial Relations Board @ 415-986-1591. www.hellodirect.com [R-7; M-7; L-8]

Inotek Technologies Corp. (OTC Bulletin Board/INTK) sells & services state-of-the-art products for applications in process control & instrumentation, information management, & test & measure-ment equipment.

This special situation is trading at 1/2 as I write this (10/21/99), less than half its book value. The price is low because the company had some recent losses; for the year ended 5/31/99, sales were $20,592,805, down from $25,458,442 in 1998. Net loss was ($405,040) Vs a net profit of $176,785 in 1998. In Q1 2000 (ended 8/31/99), sales were down 22.1% to $4,288,119 from $5,501,811 for Q1 1999. Current assets at 8/31/99 were $4,460,196, total assets $7,212,495, current liabilities $1,554,670, & long-term debt zero. Shareholders' equity was $5,657,825, or $1.22 per share.

The reduced sales resulted from a significant amount of its customers' project dollars being channeled into Y2K fixes. Two other factors were at work: cheap imports from Southeastern Asian countries whose currencies were devalued, & last year's oil price drop that caused the oil & gas industry to drastically lower capital expenditures.

I interviewed chairman Neil Young -- he & his team acted responsibly. They reduced overhead, & invested in upgrading the higher margin service & calibration part of their business. They made substantial investments in high-level calibration equipment &

...continued on next page, click here


Disclaimer: The public companies featured in the Corporate Profiles listed in the "Special Situation" section on the Home Page of www.WallStreetCorner.com are our regular clients. Each such client pays an annual cash fee of $12,000, or alternatively, a monthly cash fee of $495 plus a negotiated number of Form 144 restricted shares for our service. We on rare occasions accept free-trading shares, but we usually hold such shares for the long pull - we do not engage in trading. Such fees are disclosed as part of the Corporate Profile prepared and posted on the particular company involved. The basic coverage provided to such clients primarily includes the preparation of their Corporate Profile, posting it here at WallStreetCorner.com, and the distribution of email alerts to our international database of investors and financial professionals when their Profile is initially posted, and each time their Profile is subsequently updated. We expect our clients to work with us in a team effort by calling us each time they have achieved a significant milestone. We then update their Profile and issue an additional email alert to our totally opt-in email database (as of July 2008, members of that database are from over 96 countries). The email distributions we make are a key element of our service -- those, as well as the updated Corporate Profile are what together are designed to achieve a gradual buildup of new shareholders who generally hold for the long term. If you are an officer at a public company and want the exposure afforded at WallStreetCorner.com, email Larry at up415@aol.com or call him at 843-645-2729. Information displayed by WallStreetCorner in its Corporate Profiles, and in its editorial or other columns, does not constitute an offer to buy, sell, or trade a security of any kind, including stock. Larry Oakley, and/or WallStreetCorner.com, Inc., does not recommend that any person, institution, or other entity make any decisions or form any opinions, etc. based on the information on this site. All visitors to this site are urged to do two things before investing in any stock: (1) Call the company and ask questions -- if there is anything you do not like regarding such call, pass -- our goal is to bring you a selection of what we feel are growth situations with good long-term appreciation potential, but you must accept the responsibility of making your own decisions regarding which situations to invest in -- do not give up that responsibility; and (2) Consult a qualified financial professional before taking any actions in regards to buying, selling, or trading securities (stocks or other forms of equity). Companies covered in Conservative Speculator, a newsletter accessed from WallStreetCorner, or in any of Larry Oakley's other editorial venues ("Opinion," "Stock Pick," "Comment," and "Bold Ventures" columns, and in any other editorial venue to which Larry contributes) do not pay for such editorial coverage; the companies Larry covers editorially have never, do not now, and never will be charged for editorial coverage. The only paid portions of WallStreetCorner.com are the Profiles and email distributions (email distributions are a part of the client's package, but occasionally are paid for separately by non-clients - if a non-client wants to utilize our email distributions, the cost is $2,000 for the first distribution, $1,500 for the second, $1,000 for the third, and $500 for all subsequent distributions made for the same company). On occasion, Larry Oakley shares his opinion regarding a private company or its product or service. Bear in mind that nothing at that special section is an investment possibility. To see that section, click where on the home page it says: "Click here to access our Special Emerging Growth Situations." See the introductory portion of that special section for additional information regarding the material covered there.


WallStreetCorner.com
WallStreetCorner.com, Inc.