Press Release:
July 06, 1999 08:16
eConnect Elects to Redeem Convertible Debenture
LOS ANGELES--(BUSINESS WIRE)--July 6, 1999--eConnect (OTC BB:ECNC), fully reporting, has elected to redeem the convertible debenture of $500,000 received by the Canadian brokerage firm of Thomson Kernaghan.
eConnect is made up of two divisions: The first, eGaming, is presently generating revenues and earnings from its eSportsbet and 777WINS.com business units that eConnect operates or licenses technology to.
The second division, eGate, is launching a July start date of EzyShop(TM) which are freely located kiosks using the eConnect Patented EzyShopper. Lower in size and cost from traditional kiosks, the EzyShopper service will be deployed in car washes, hotel lobbies, clinics, any place where people find themselves waiting with time on their hands.
eGate is also developing same-as-cash PERFECT internet transactions with an August test pilot planned.
CONTACT: For eConnect:
Carnegie Cooke
Anita Goldberg, 800/262-2331 (Investor Relations)
or
For ET&T:
Prima Capital
Elias Argyropoulos, 800/600-8599 |
