Jorjenzak
Does the following bear any resemblance to ECNC? A Canadian company called E-station
o: Ian A. who wrote (45)
From: Ian A.
Monday, Aug 16 1999 11:45AM ET
Reply # of 46
eStation.com to provide Internet e-commerce
eStation.com Inc ESTN
Shares issued 88,012,465 Aug 13 close $0.14
Mon 16 Aug 99 News Release
Mr. John Tevlin reports
"Things are moving very quickly for the e-commerce industry in general and
for eStation in particular. In order to keep shareholders and other
interested associates up to date, I'm going to be writing a series of
regular corporate updates on this site, beginning with this one.
"I caution you in advance that most of our development, negotiations and
field testing must be kept confidential in order to protect both our
competitive position and those of our clients and strategic partners, a
list that includes multinational retailers, financial institutions and
telcos. We are, however, particularly grateful for the help we have
received from three companies: NCR, Neo Products, and Systech, all of whom
continue to support our selling initiatives.
"At a strategic level, our mission remains clear: to bring e-commerce to
the street. The heart of our business concept lies in participating in the
Internet revolution, while developing profitable applications from the
amazing computing capacity of the microchip, and that is why we changed the
name of the company to eStation.com Inc. Our corporate name is now
registered in both the United States and Canada. We have also acquired the
URL domain name eStation.com and have a U.S. patent pending for the
eStation unmanned sales station process methodology.
"eStation's potential, simply stated, is to provide Internet e-commerce to:
the millions of North Americans who don't have Internet access;
people don't trust the Web's lack of security; and
those who want private, secure, high-speed, and even enjoyable e-commerce
when they are in public and away from their PC.
"From a technical perspective, we believe that the answer is to provide
these enormous customer groups with an easy-to-use Internet system that is
not only secure (something the Web has not quite yet achieved), but is also
private, which we would define as meaning that unwelcome parties cannot
even see data transmitted over the network, much less be able to de-crypt
it. In our opinion, true privacy can never be attained when using the Web,
by its very nature -- it was created to be an open system. On the other
hand, privacy has always been available over leased telephone lines. That
is why, for example, bank machines connect to their head offices through
phone lines for credit card authorization and transaction processing, and
why the banks will not permit the transfer of funds (outside one's own
bank) through the Web. The eStation solution thus is defined as the process
of delivering public access e-commerce safely and privately through a
high-speed network using private phone lines for payment and other
security-sensitive information. We have yet to encounter any other company
pursuing this vision of the future, and therefore we believe we are out to
a meaningful early lead in the race.
"The newest release of eStation software is now complete. The team at
Martinet Development Corp., our software development subsidiary, have done
a terrific job with this product. They have written a package of computer
code, using a mix of advanced programming languages, that will enable us to
present a dynamic, on-line shopping experience that cannot be duplicated
using standard HTML Web language. There is no browser, so users are taken
instantly to the items they desire by touching the screen instead of having
to navigate with mouse, keyboard, and toolbar -- no computer or Web
experience is required. There is no interminable waiting for downloads --
every touch of the screen produces a selection instantly.
"Video and audio delivery is of a quality and resolution far higher than
what can be found on the average PC. Purchases are grouped together in a
single electronic shopping cart, even though they are may be from different
retailers. At checkout time, only one swipe of the credit card is needed to
complete the entire transaction. This credit card swipe is important for
another reason: because the card is being physically presented and the
information is being transmitted over a private network, the security of
the information transmitted in an eStation transaction is virtually
equivalent to that of a bank machine.
Content will be supplied on a category-exclusive basis; millions of brand
name products and services will eventually be available on the eStation
network, as will national and local advertisers.
"Now to the eStation revenue front. In the last three months, we have made
presentations literally from coast to coast, both on our own and in
conjunction with giants in the telephone, computer hardware, and systems
integration businesses. The business categories we have targeted so far
include banks, credit unions, airports, casinos, grocery chains,
convenience store chains, a variety of specialty store chains, gas
stations, and department stores. Presentations and/or negotiations are
currently under way in every one of these categories with major
corporations in the United States and Canada. The confidentiality
agreements we have signed with various parties prevent me from going into
more detail other than to say that announcements will be made at the
appropriate time.
"We have hired four full-time senior sales executives since the AGM, the
most recent addition being the appointment of John Moakler as
vice-president of sales. John comes to us from EDS Systemhouse, where he
was the client director responsible for the Nortel Networks relationship.
"Finally, we have been developing two additional business opportunities
that hold great promise for the company as we continue to find new and
effective ways to bridge the real and cyber worlds:
business-to-business e-commerce -- it is even larger than the
consumer/retail business and it too is growing by leaps and bounds. We are
developing software to deliver a version of the eStation concept to this
immense eCommerce segment, and we also expect to generate synergy among
companies that become both providers of eStation terminal locations and
users of our eBusiness services.
white label (for example non-bank affiliated) automated banking machines
are also proliferating. We are assessing the significant tactical benefits
of adding eStation functionality to cash-dispensing terminals.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |
