News Release:
July 13, 1999 08:27
eConnect licenses Thundergo software to bring new technology to Internet sites
LOS ANGELES--(BUSINESS WIRE)--July 13, 1999--eConnect (OTC BB: ECNC), a fully reporting company, announced today that it has reached a licensing agreement with Interleisure SA, allowing eConnect to use Thundergo(TM) software on Internet sites that it operates. eConnect will initially use Thundergo(TM) to enhance the customer experience at it's eSportsbet Internet site.
According to an eConnect spokesperson, "Our P.E.R.F.E.C.T.(TM) services enables internet merchants to accept same-as-cash(TM) ATM card payments. Thundergo(TM) enables the consumer to visually interact with the internet site. The result is a substantial development for increased Internet commerce."
Thundergo(TM) is an ecommerce enabled software wrapped around netmeeting 3.0 which allows users to see and hear each other during an Internet session. This vastly improves the Internet experience for the consumer, who can now choose to see and talk to a real human being on the other end of an Internet connection. Video can be two-way, or one way if the consumer prefers privacy.
Consumers need not have any special equipment at their home, to be able to see someone at a web site using ThunderGo(TM). Only a microphone is required for conversation. Most consumers can download the communicator portion of ThunderGo(TM), which is freeware, and immediately begin using ThunderGo(TM).
The result is a quantum leap past previous systems in terms of being able to communicate by home videoconference without requiring a high speed connection; bringing this capability into the average home on a practical and reliable basis for the first time.
"Possibilities for the use of ThunderGo(TM) are endless," states a spokesperson for Interleisure. "For instance, while shopping on the Internet, if you have a question about your purchase, click on a button and be connected to a customer service representative whom you can see while you talk. Or, if you prefer a 'casino experience' while gaming on-line, log on to a site using ThunderGo(TM), and see the dealer, or even other gamers, in the game with you. This technology will drive more volume and revenue to Internet sites that take advantage of it."
"We are actively seeking licensees, and are very excited about working with eConnect. They share our vision, that there is a tremendous opportunity for Internet merchants, services, and bill payees to use ThunderGo(TM) to increase both revenues, and customer satisfaction. In addition to increasing revenue and volume for existing sites, whole new business models can emerge.
"Imagine using ThunderGo(TM) to enable a medical practice or law office to consult face-to-face with clients on the other side of the world, via the Internet. ThunderGo(TM) software includes a billing module, with flexible options that allow professionals to bill according to the time spent in conference with clients. Combine this service with the eConnect P.E.R.F.E.C.T.(TM) same-as-cash(TM) service and the Internet eCommerce potential substantially increases."
eConnect is focused on eCommerce. eConnect owns and operates its own Internet sites and kiosks, and markets P.E.R.F.E.C.T.(TM) products and services to enable other Internet merchants to accept ATM same-as-cash(TM) payments from consumers. eConnect is already generating revenue from web sites that it operates or licenses technology to, such as 777wins and esportsbet; and projects revenues to grow rapidly as new web sites are acquired, and as P.E.R.F.E.C.T.(TM) processing services are provided to other Internet merchants.
Interleisure is a private company, involved in the development and marketing of Internet Technologies and services.
This press release contains forward looking statements subject to the safe harbor act created by the Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development.
CONTACT: eConnect: Carnegie cook
Anita Goldberg, 800/262-2331 (investor relations)
or
ET&T: Prima Capital
Elias Argyropoulos, 800/600-8599
or
Interleisure for Interleisure and ThunderGo(TM)
Hilly Ehrlich, 809/535-6664 |
