VeCommerce Announces Contract with the Woodbine Entertainment Group

SYDNEY, AUSTRALIA - VeCommerce Limited (ASX:VCM), a developer of natural language speech recognition (NLSR) and voice enabled e-commerce solutions, has announced that it has been awarded a contract to provide its e-commerce solutions to Canada's Woodbine Entertainment Group. VeCommerce enhanced Woodbine Entertainment's existing telephone account wagering system in time for the Breeders' Cup World Thoroughbred Championship. The system commenced taking wagers on Wednesday 23 October. Additionally, VeCommerce will also be supplying Woodbine Entertainment with VePay, its voice enabled credit card payment solution. VePay is being used during the account registration process and for 'topping up' pre-existing accounts. VeCommerce Managing Director, Paul Magee, said, "Not only does this contract with Woodbine Entertainment give us another industry leading customer for our voice enabled wagering solutions, for the first time it also incorporates our VePay application." Woodbine Entertainment employs more than 3,000 full and part-time employees and offers a range of racing, gaming and entertainment products available across North America and via the company's various Internet sites. In 2001, the company generated business in excess of C$1.36 billion. Woodbine owns and operates Woodbine Racetrack in suburban Toronto, Mohawk Racetrack in nearby Campbellville, Ontario and Hastings Park in Vancouver. Magee added, "VeCommerce has now secured contracts with Australia's wagering market leaders with TAB Limited, Tab Queensland and TABCORP, in the UK with Ladbrokes and Littlewoods Bet Direct, in the USA with MEC and now in Canada with Woodbine. Our dominance of the English speaking wagering markets of the world is undisputable. We are now expanding our market focus to include the non-English speaking wagering markets of the world, particularly those in Europe."