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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: Dave Swanson who wrote (2555)6/11/1999 8:57:00 AM
From: SCOOBEY-DO  Read Replies (2) of 2909
 
News Release:

June 11, 1999 08:16

Electronic Transactions and Technologies Announces Buy Back of Up to 2 Million Shares of eConnect Stock

LOS ANGELES--(BUSINESS WIRE)--June 11, 1999--Electronic Transactions and Technologies (ET&T), a privately held company with majority shareholder interest in eConnect (OTC BB:BETT), a fully reporting company, has announced a stock repurchase program in the open market at prices that the company deems attractive and reasonable commencing Monday, June 14.

"There are substantial developments now occuring with strategic partnerships and international partners, and we find it appropriate to begin buying back up to 2 million shares from the market in preparation for the further evolvement of eConnect," stated Thomas S. Hughes, chairman and CEO of ET&T.

ET&T is focused on the incubation, development and marketing of P.E.R.F.E.C.T(TM) (Personal Encrypted Remote Financial Electronic Card Transactions) and to that end founded eConnect to implement the various applications of P.E.R.F.E.C.T, ranging from same-as-cash Internet and non-Internet purchases, bill pay, wagering and donations.

CONTACT: For eConnect
Prima Capita - Corporate Communications
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