MORE NEWS:
eConnect To Distribute Up to 100,000 Free eCashPads To Major United States Internet Business Sites in Second Quarter
LOS ANGELES--(BUSINESS WIRE)--March 10, 2000--
Schedules Launch of Internet Payment Portal for Wednesday, March 15;
Kanakaris Communications To Receive 1,000 Free eCashPads;
eConnect Dominican Republic, Australia, Hong Kong, Ireland
Full Service Host Centers to be Activated in Second and
Third Quarters With 50,000 Free eCashPads to be
Initially Distributed in Each Country in the Second Quarter
eConnect (OTCBB:ECNC), has agreed to supply 1,000 free eCashPads to Kanakaris Communications (OTCBB:KKRS), as the first wave of 100,000 eCashPads targeted for distribution to major Internet business sites to launch the global trillion dollar Internet Cash Payment industry.
Kanakaris Communications,(http://www.kkrs.net), which presently receives approximately 18,000,000 hits per month, will aggressively distribute the eCashPads to key customers for usage of either card- swiped credit card transactions or instant cash payment by ATM card and PIN.
The eConnect eCashPad simply attaches to the consumer's computer keyboard and will then enable Kanakaris customers to download entertainment programs with a card swiped "bank eyes only" cash ATM card and PIN payment or a credit card payment whereby Kanakaris Communications never sees the credit card data nor is the credit card stored at the KKRS.net Web site.
Internet merchants and customers will be directed to the eConnect Internet Payment Portal site by the eConnect business unit of PowerClick, powerclick.com.
As the waves of merchants reach the United States Portal, they will be directed toward a simple registration application in order to be paid by eCashPad "bank eyes only" transactions, then offered listing services similar to a phone directory, which incoming consumers can use to be directed to eCashPad ready Web merchants.
Concurrently, the eConnect Dominican Republic portal will be registering Dominican Republic Web merchants as will the Ireland, Australia and Hong Kong Portals be registering their respective Internet merchants for receipt of eCashPad transactions.
eConnect global Portals will generate merchant registration fees, merchant listing fees, merchant display advertising fees, merchant affiliate fees, and merchant transaction fees.
eConnect will initially distribute 50,000 free eCashPads per country outside of the United States and is targeting second and third quarter activation of eConnect Dominican Republic, eConnect Ireland, eConnect Australia and eConnect Hong Kong full service Host processing centers to drive the incoming eCashPad transaction orders. eFunds will drive the United States transactions.
Safe Harbor: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those sections. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
CONTACT:
For eConnect
Prima Capital
Elias Argyropoulos, 800/600-8599
http//:www.econnectholdings.com
KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC EUROPE |
