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News
Cyberluck Gaming Licensees To Gain Access To Direct Bank-Issued Merchant Processing Accounts
12 September 2003

PRESS RELEASE

SOURCE: Cyberluck Gaming

CURACAO - (NETHERLANDS ANTILLES) - Cyberluck Curacao, N.V. the preeminent provider of gaming licensing and Internet hosting in the Netherlands Antilles, today announced the signing of a letter of understanding through an affiliate company, with U.K.-based Global Funding Alliance LLC to provide Cyberluck licensees the opportunity to obtain a European direct bank-issued merchant processing account. As part of its agreement, Cyberluck will provide a Curacao contact center for Transact-Online http://www.transact-online.com, the merchant account enquiry portal for U.K.-based Global Funding Alliance. This relationship gives Cyberluck's corporate gaming clients the opportunity to obtain a direct bank-issued merchant processing account for their gaming sites and eliminate the risks to gaming operators and players associated with third-party credit card transaction processing. We are pleased that the quality of the services we provide and the quality of our licensees has attracted this European-based financial group to allow us to present this opportunity to our clients.

Cyberluck conducts probity investigations in compliance with Dutch Antilles Internet gaming laws and has the authority of the Central Government to authorize qualified applicants to operate licensed gaming servers from Curacao. Cyberluck's longstanding probity practices and on-going monitoring has attracted major gaming operators to the Netherlands Antilles. Curacao is a well-known financial center and is not in the hurricane belt that has disrupted telecommunications at many other Caribbean locations. Cyberluck, also owns the only e-zone Internet Service Provider (ISP) that manages licensed gaming servers from inside the Netherlands Antilles' government International Telephone Centre, providing unlimited redundant bandwidth and 24/7 managed hosting of licensed and regulated Internet gaming servers.

In an environment where gaming customers and gaming operators have had to use third parties to process customer transactions for purchases, the opportunity to have a direct bank-issued merchant relationship is a significant benefit for the entire I-gaming industry. Underwriting decisions and bank-issued merchant accounts are provided by The Global Funding Alliance LLC and their acquiring banks.

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