Here is the PR:
eConnect Announces Stock Symbol Change, From BETT to ECNC
Business Wire - June 24, 1999 10:27
LAS VEGAS--(BUSINESS WIRE)--June 24, 1999--eConnect, a fully reporting company, Thursday announced that its stock symbol has changed from BETT (OTC BB: BETT) to ECNC (OTC BB: ECNC).
"As we have continued to expand our business this year as planned, developing various technologies to enable e-commerce, our old corporate name (Betting, Inc.) became inappropriate. Earlier this year, our shareholders approved changing our name to eConnect, to better reflect our company and our mission. Our stock symbol is now changing, to be consistent with our new name, per SEC rules. This change should become effective on NASDAQ's electronic quote system during the next 24 hours," stated Thomas S. Hughes, eConnect chairman and chief executive officer.
eConnect is a publicly traded company, focused on e-commerce. Part of eConnect's mission is to "take the Internet from credit to cash." To that goal, eConnect is developing proprietary hardware, software, and a transaction processing host needed to implement P.E.R.F.E.C.T.(tm) processing services.
eConnect owns and operates Internet sites and kiosks, and markets P.E.R.F.E.C.T.(tm) products and services to enable other Internet and non-Internet merchants to accept ATM and Smart Card payments from consumers for purchases, bill payments, etc.
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.
This news release contains forward-looking statements subject to the safe harbor act created by the Private 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: Carnegie Cooke
Anita Goldberg, 800/262-2331 (Investor Relations)
or
For ET&T:
Prima Capital
Elias Argyropoulos, 800/600-8599 |
