09 October 2006
Herewith the formal statement from the company:
"The Act does not define `unlawful Internet gambling` nor does it make
unlawful any activities by financial institutions that are not themselves
gambling businesses. The Act directs the United States Federal Reserve and the
Department of the Treasury to develop regulations that would direct financial
institutions to identify and block certain types of financial transactions
connected with unlawful Internet gambling. The enactment of the Act will have a
significant negative impact on the business and results of operations of FirePay.
"
"FirePay`s Board is evaluating the situation and will provide an update when
appropriate."
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