AWESOME NEWS FOR PRIM....
Tuesday August 3, 12:09 pm Eastern Time
Company Press Release
SOURCE: bCard.net
bCard.net Establishes Itself as One of America's Leaders in Smart Card Technology and Services with 100,000 bCard Holders in Just Four Months
SALT LAKE CITY, Aug. 3 /PRNewswire/ -- bCard.net, a subsidiary of PrimeHoldings.com, Inc. (OTC Bulletin Board: PRIM - news), and a leader in smart card technology and services, today announced that it has reached a significant milestone by delivering its 100,000th bCard(TM) smart card in just four months. In reaching this milestone, bCard.net establishes itself as one of America's leaders in the emerging smart card industry -- estimated by market research firm Frost & Sullivan to be a $5 billion worldwide market by 2003.
bCards are universal electronic business cards, based on proprietary ''smart cards'' used to store, transfer and otherwise manage information about business professionals. Unlike paper business cards, bCards can store large amounts of digital information that can be easily shared and stored to facilitate communication between business professionals and commerce between business entities.
Trade shows, conferences and corporate events are prime business environments where potential smart card communications and transactions are occurring continuously. In early 1999, bCard.net signed a contract with American Show Management of Portland, Ore., North America's largest producer of information technology exhibitions, to provide registration and exhibitor services to 45 of its U.S. events in 1999. Under the agreement, bCard.net is expected to issue and manage more than 250,000 total bCards per year in a three-year pact valued at approximately $3-4 million.
''Unlike Europe, the United States has been slow to adopt smart card technology,'' said Ivan Lazarev, president of bCard.net. ''We have been fortunate enough to discover and exploit a niche that not only needs what bCards have to offer, but which is prepared to take advantage of the entire suite of bCard.net offerings.''
The bCard.net Vision
bCard.net issues bCards to qualified individuals and maintains a global database of bCard holder information. By controlling the information gathered through the issuance of bCards, bCard.net is poised for leadership as an Internet ''infomediary'' in the emerging Internet and smart card industry. An Internet infomediary is described in a new book from the Harvard Business School Press as ''information brokers that help customers maximize the value of their personal data to get the lowest price, widest selection and best service possible while ensuring the customer's privacy.''
As a trusted information broker, bCard.net provides an important link between businesses and their customers by providing secure and private means of communicating valuable information. With a bCard, individuals can control the use of their personal information and command a price or bounty for its use by commercial entities. In the case of bCard users the affinity rewards are currently bCard Points redeemable for frequent flyer miles. bCard.net is also actively developing an Internet portal for the dissemination of information and for conducting e-commerce activities related to the bCard affinity program.
bCard.net founders believe the company's global universal electronic business card technology will create a new Internet based communications environment for business-to-business transactions and become a leading global business-to-business communications portal.
''The introduction of bCard Points as a web-based reward program linked to the use of bCard smart cards is a first for the industry that we believe will produce great results,'' said Lazarev. ''Our plan is to develop bCard into a major business-to-business portal with growth similar to Yahoo!, Lycos, Excite and other successful portal sites.''
For more information about the bCard concept, contact bCard.net at (301) 654-3779 or visit www.bcard.net.
About bCard.net
bCard.net, based in Salt Lake City, Utah, is one of America's leading providers of smart cards and Internet-based information services. The company is a subsidiary of PrimeHoldings, Inc. (OTC Bulletin Board: PRIM - news).
About PrimeHoldings.com, Inc..
PrimeHoldings.com, Inc. (OTC Board Board: PRIM), formerly PrimeSource Communications Holdings, Inc. (OTC Bulletin Board: PSCM - news) develops and operates Internet-based and Internet-related technology companies that together form a community focused on business intelligence and electronic commerce. Current PrimeHoldings.com companies include: bCard.net, a leader in smart card technologies; PrimeSourceNet, a leader in automated forms processing services: eROI, a cutting-edge provider of technology for evaluating hard-to-measure business processes such as training and UniQuest Communications, a top agency of telecommunications reseller UniDial, Inc. For more information call 801-562-1444 or visit www.primeholdings.com.
bCard and bCard.net are trademarks of bCard, Inc. All other product and service names are trademarks of their respective holders.
This news release may include statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE: bCard.net
|
