Click here to close now.




















Welcome!

IoT User Interface Authors: Daniel Khan, Adrian Bridgwater, Harry Trott, Elizabeth White, Liz McMillan

News Feed Item

COPI's SeanieMac Issues Special Letter to Shareholders; SeanieMac.com to Launch Wagering Operations Next Month

HUNTINGTON, NY -- (Marketwire) -- 02/11/13 -- Compliance Systems Corp (OTCQB: COPI), doing business as SeanieMac Limited, parent company of the all-Irish online sports & casino wagering website www.SeanieMac.com, today issued the following Special Letter to Shareholders from its Chairman of the Board of Directors and Co-Founder Sean McEniff.

Dear Shareholder:

SeanieMac Limited's recent successful transition to a publicly traded company was a major milestone in our company's history. I would like to welcome all of our new shareholders, and take this opportunity to discuss our position, strategy and goals for 2013.

We are preparing to launch our new, online wagering website, www.SeanieMac.com. It is the only full-service online betting website that is Irish owned and focused on the underserved Irish market, Irish bettors and Irish sports book featuring the Gaelic Athletic Association's (GAA) Gaelic Games -- a powerful differentiator. Based in Dublin, Ireland, SeanieMac is closely and clearly connected with the GAA, which provides instant, dominant brand recognition comparable to the U.S.' NFL. The Irish gambling industry generates $18.7 billion in revenue with approximately $3.2 billion being produced online and growing rapidly at double digit rates.

While our website is now online, we plan to go live with actual wagering operations next month supported by a major, nationwide public relations and multi-faceted advertising campaign.

We have an efficient business model that uses a highly regarded online gambling software platform, so that all back office and customer service functions will be provided through a joint venture with an industry leader. This enables us to focus on the sales and marketing of the SeanieMac brand. We are confident of quickly capturing market share.

The SeanieMac Beginning
There is much overlap between the hospitality and gambling industries as is clear in the U.S. with its integration of hotels and casinos. Over the last 20 years, I've built a successful hotel business as a principal in Brian McEniff Hotels, which owns eight resorts throughout Ireland. Relatively speaking, the McEniff name in Ireland would be considered the equivalent of the Trump name in the United States.

Although I had a minor sports career in the GAA in the '80s, you are more likely familiar with my father, Brian McEniff (the hotel company's namesake). He had an illustrious GAA sports career that began by being named to the GAA All-Star Football Team in the '70s and, early in his career as manager, leading Donegal to its first All-Ireland Senior Gaelic football title in 1992 -- the Irish equivalent of winning the U.S. Super Bowl. Today, he is widely regarded as the senior statesman of GAA football.

While there is no affiliation between Brian McEniff Hotels and SeanieMac, with my many years of successful experience in the hotel business I am confident the opportunity and timing are right to launch SeanieMac and capitalize on the underserved online Irish sports gambling market. My expertise in the hotel industry is sales, marketing and public relations and SeanieMac is, at its core, a sales and marketing company.

For the benefit of our U.S. shareholders, I will note that while Gaelic Games are actively played in leagues in U.S. cities such as Boston, online gambling is not legal in the United States and we do not market to or serve the U.S.

$3.2 Billion, Fast Growing Irish Online Gambling Market
Industry analysts report global online gambling revenues currently total $32 billion, and are expected to grow 52% to reach $46.1 billion by the end of 2015. Clearly, this is a vast marketplace with strong growth.

Online gambling is quickly becoming a key driver in the gambling industry as a whole. Since 2003, the market has grown by an annual average of 23%, while the gambling industry as a whole grew an average of 15% during the same time period. Sports betting is the strongest category of online gambling, representing 41% of the market's overall value.

The total gambling industry in Ireland is estimated at $18.7 billion in gross revenue in 2011. Its gross revenues from online gambling reached $1.7 billion in 2011, or approximately 5% of the global market. According to the Irish Examiner, the Irish online gambling market is estimated at $3.2 billion in 2012. Extrapolating industry growth as a whole on the Irish market, Irish online gambling is expected to grow to $6.5 billion in 2015 and reach $9.8 billion by 2020.

Gaelic Games Growing in Appeal
As its national pastime, the Gaelic Games have long been popular in Ireland but they are gaining worldwide appeal, especially in areas with large communities of Irish emigrants and their descendants, such as the U.S., Canada, Australia and the United Kingdom, where many communities have their own teams and clubs participating in the Gaelic Leagues locally and internationally. Traditional Gaelic Games include Hurling, Shinty and Gaelic Football. To learn more about the GAA, see www.gaa.ie.

Competitive Advantage: McEniff and the GAA
SeanieMac is well positioned to become the only full-service online betting website that focuses on the Irish market, Irish bettors and Irish sports, such as the Gaelic Games. We are targeting the Irish market where the McEniff family name ensures instant brand recognition, as well as credibility and quality.

For our American shareholders, can you imagine if the NFL's Joe Namath, John Elway and Joe Montana all did televised, web-based and print endorsements of an online gambling site focused on betting on NFL games? We have assembled an impressive roster of "A-list" Gaelic Games former athletes for endorsements, starting with Larry Thompkins, who is considered the Irish equivalent to the NFL's John Madden.

The Irish are, by nature, nationalistic and incredibly loyal to their local and regional sports teams and sports heroes -- all wrapped in a positive spirit of healthy competition. One friendly wager I can make with you is that, if you come to Ireland, you will find the passion of the Irish people for Gaelic Games and its star athletes far surpasses anything you have ever seen in the American NFL football. We will roll out the names of the other GAA superstar athletes in the weeks ahead as we prepare a mass-market advertising and public relations blitz next month to support our operational launch.

Our GAA relationships enable us to secure streaming rights, through seaniemac.com, of GAA's in-season games worldwide, as well as the ability to offer in-play GAA betting, which distinguishes the Company from its closest competitors. Our initial product offering features sports betting, the largest and most well-known industry segment. We will also offer a full range of both traditional and live casino games, poker, roulette, blackjack, baccarat and other skilled and interactive games such as bingo.

Our upcoming launch and marketing strategy for 2013 will also feature competitively better than average odds for bettors, and special bets and promotions which we know to be a major draw, helping to build brand loyalty.

Highly Scalable Growth Strategy
As a purely online business, SeanieMac has no cost of goods, inventory or shipping. All of the odds and risk management are managed by sophisticated software and have been market tested. Once our overhead is covered, margins are extremely high and profits can grow quickly.

Our target market includes bettors in Ireland and the UK, and Irish expatriates & descendants in the United Kingdom that bet online through mobile devices, pub affiliates and by phone, on sports, casino games, and poker. Once we have captured significant share of this market, we will begin expanding our offerings to include sports such as darts, cricket, rugby and boxing.

SeanieMac intends to partner with an online gambling industry leader, BoyleSports, one of the UK's leading independent bookmakers. It will provide us the complete SeanieMac-branded online betting platform along with full back office support and top quality front office customer service. This leaves us with low overhead and operating expenses while greatly reducing our technological and operational risk. Through BoyleSports, we plan to license OpenBet's software, renowned as the Internet gambling industry's leading software with the best user experience.

SeanieMac 2013: Betting on Success
Our business plan envisions an aggressive operational launch shortly and sets an ambitious agenda for 2013. Our goals include:

  • Capture one to two percent of $3.2 billion Irish online gambling market share. One in three Irish adults wager regularly, 50 Euros per week (about $65) on average. To achieve just our one percent target, we need only convert 10,000 bettors, or two tenths of one percent of the entire Irish population.

  • Reach positive cash flow. We target reaching positive cash flow in the second half of 2013.

  • Build our management team. We have a strong team in place initially, having recently announced two members of our Board of Director. We plan to add veteran industry executives to management, the Board of Directors and an Advisory Board commensurate with our expansion.

  • Stay at forefront of technology. We plan to grow and evolve our technology to capitalize on the latest innovation ensuring the most robust offering for our customers. Part of this strategy includes producing a mobile device app that will enable our customers to wager from smart phones and tablets.

  • Raise growth capital. As a public company, we have a lower cost of capital. When the time is right, we will raise capital to fund growth.

  • Aggressive Marketing Strategy. In addition to the multi-media blitz planned for our March launch, our marketing campaigns will include social and conventional media, TV, radio, print, web-based and public relations, advertising and cooperative marketing.

  • Form Strategic Alliances. These may include joint ventures, acquisitions and co-marketing agreements with key hospitality, pub, travel, tourism and other associated industry companies.

  • Communicate Proactively. We will implement an investor relations program to keep our shareholders informed and to communicate proactively with Wall Street.

As a newly public company, we have raised our visibility and increased our opportunities for growth. It is a privilege to lead this company into what I strongly believe to be an exciting and rewarding future.

Sincerely yours,

Sean McEniff
Chairman of the Board of Directors

Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Add to Digg Bookmark with del.icio.us Add to Newsvine

At the Company
Barry Brookstein
Chief Executive Officer
(386) 409-0200

Investor Relations
David Kugelman
(404) 856-9157
(866) 692-6847 Toll Free - U.S. & Canada

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with ...
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, S...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"Alert Logic is a managed security service provider that basically deploys technologies, but we support those technologies with the people and process behind it," stated Stephen Coty, Chief Security Evangelist at Alert Logic, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.