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eLOT Snags Network60
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Business New Haven
4/2/2001
By: BNH
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NORWALK - eLOT Inc. (NASDAQ: ELOT) a provider of Web-based retailing and Internet marketing services to governmental lotteries, has signed a definitive agreement to acquire all subsidiaries of privately held Network60 Inc. Network60's subsidiaries own four highly visited marketing promotional Web sites; www.EasyWinning.com, www.PrizeChest.com, www.CoolWinning.com and www.RadioStakes.com. The acquisition materially bolsters eLOT's revenue-generating capabilities in Internet-based direct marketing. The acquisition expands the company's ability to reach Internet users who would be responsive to targeted governmental lottery marketing messages and ultimately likely to purchase lottery tickets.
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