TELECOM Digest OnLine - Sorted: Files for $50 Million Mixed Shelf Files for $50 Million Mixed Shelf

Lisa Minter (
Mon, 27 Jun 2005 14:37:04 -0500 which maintains a Web site that allows members to
watch and bet on horse races, filed on Monday to periodically sell up
to $50 million in debt securities, common and preferred stock, and
other securities.

The Woodland Hills, California-based company said in a registration
statement filed with the U.S. Securities and Exchange Commission that
it will use the proceeds from the offering for general corporate
purposes, including working capital, debt repayment and acquisition

Under a shelf registration, a company may sell securities in one or
more separate offerings, with the size, price and terms to be
determined at the time of sale.

Copyright 2005 Reuters Limited.

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