Actually I believe this one was called the BLUE RIBBON and yes its very old .The principles were the same only I adapted it a fraction.
It was actually sold as the worlds greatest system and my guess in terms of win % it would outperform most on the market .The prices on offer though would be so small that you would never make a profit with it.
It looks plausible though and my 2nd guess is that some smarty will adapt it a bit more and flog it again.
It seems to have gone round and round the system market for many years now in various forms not unlike the ROYAL ROUTINE.
I will see if I can dig a few more out of the attic.
Cheers.
darky.