News Release:
June 30, 1999 08:14
eConnect Announces eSportsbet Web Site Will be Ready August 1
6 LOS ANGELES--(BUSINESS WIRE)--June 30, 1999--eConnect (OTC BB:ECNC),fully reporting, announced that its eSportsbet business unit, eSportsbet.com, will be fully functioning in time for the Monday night, August 9, first preseason NFL game. 6 "We are expecting our best ever eSportsbet month report for June and will release our June revenues and earnings on July 6th. To date, our business has been with no Internet presence, simply over the phone orders. With the addition of our Internet site as of August 1, combined with our present non Internet business, we are projecting a substantial revenue increase for the third quarter," stated an eConnect spokesperson. 6 eConnect is pursuing P.E.R.F.E.C.T(TM) which are personal encrypted transactions effected from remote sites, by hardware, and that are financial and electronically card originated. 6 eConnect is made up of two divisions: The first, eGaming, is presently generating revenues and earnings from its esportsbet.com and 777wins.com acquisitions. The second division,eGate, is launching a July start date of EzyShop(TM) whereby waiting consumers can shop from upscale catalogs by using their bank cards with the eConnect EzyShopper(TM) device which then sends transactions by modem to the eConnect bank host for card authorization. Over the next 12 months, other eConnect business units will evolve from the EzyShopper(TM) 6 eConnect is planning August testing with First Entertainment.com (OTC:BB:FTET) of ATM card with PIN same-as-cash purchases as part of the P.E.R.F.E.C.T(TM) services and technologies that eConnect will offer to Internet merchants. 6 eConnect is both Internet and non Internet related and services both gaming and non gaming merchants.
6 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.
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