BIG news release for FAY/ASE:__________________________________
Valu-net and Previse sign agreement with NCR Canada
Faymar Capital Corp FAY
Shares issued 4,000,000 Aug 22 close $4.15
Mon 25 Aug 97 News Release
Mr Gary Perkins reports
Valu-net International and Previse Inc have signed an agreement with NCR Canada to
develop customized software, allowing companies and consumers to carry out credit
card transactions over the Internet quickly and securely.
The solution, called Credit Payment Authorization Component, integrates Microsoft
Site Server with NCR Canada's credit card authorization and processing system,
enabling Canadian businesses and consumers to conduct secure, real-time Internet
transactions using VISA, Mastercard and American Express. Microsoft Site Server
allows organizations to easily enhance, deploy and manage complex Web sites,
ensuring organizations maximize the return on their Web site investment.
Under the terms of the agreement, Valu-net and Previse will jointly own the CPAC
technology. Valu-net will implement the technology through its Web sites and client
base, made up of more than 1250 Internet customers. Previse will be responsible for
leading the development team and marketing the technology. NCR Canada will
provide Internet transaction processing, with Scotiabank.
Previse provides software system development and deployment services for the most
current Microsoft platforms and products for industrial and commercial customers.
Previse has been selected by Microsoft as a partner within the Microsoft Solution
Provider program.
NCR is a recognized world leader in data warehousing solutions, Automated Banking
Machines, open high availability transaction processing systems, commercial UNIX
mid-range systems, scanners, point-of-sale terminals and service and support for
transaction-based systems for the retail, financial, communications and government
markets.
Valu-net, with operations in Canada, Australia, New Zealand and Malaysia, is a
marketing and technology company specializing in Internet marketing solutions,
integrated retail and business strategies and electronic commerce and transaction
technologies. Valu-net provides complete turnkey, proprietary, cybersolutions for
business. Valu-net's partners provide complete hardware, custom technology, software
and fulfillment services.
As reported in Stockwatch April 25 1997, 1997, Faymar entered into an agreement
with Valu-net to acquire all of the outstanding shares of Valu-net. This transaction
constitutes Faymar's major transaction within the meaning of circular No. 7 of the ASE
and is expected to close in September 1997.
Founded in 1975, Microsoft is the worldwide leader in software for personal
computers. The company offers a wide range of products and services for business
and personal use; each designed with the mission of making it easier and more
enjoyable for people to take advantage of the full power of personal computing every
day.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
