(BSNS WIRE) eConnect Launches On-Line Auction Business With 15,000 Pre R
eConnect Launches On-Line Auction Business With 15,000 Pre Registered Users
Business Editors & High Tech Writers
LOS ANGELES--(BUSINESS WIRE)--Aug. 31, 1999--eConnect, Inc.
(OTC BB: ECNC), a fully reporting company, announced today the grand
opening of its Internet Auction portal at
econnectauction.com.
This new initiative creates the world's largest on-line or
off-line exclusive sports memorabilia auction. The auction is now live
24 hours a day, 7 days a week and features a variety of rare
collectibles from throughout the sports world.
"eConnect Auction represents a revolutionary Internet Auction
platform which, unlike its competitors, specializes in personalization
and customization features for the benefit of its users. Matching
specific items with a customer's demographic profile represents a
giant leap in the on-line Auction arena" stated E. James Wexler,
President of eConnect-Auctions.
The eConnect Sports collectibles site is a natural expansion of
our eSportsbet.com gaming site which is scheduled for opening this
week. eConnect's Sports collectibles Auction is the company's first
on-line Auction and we are planning expansion into other market
segments over the next 60 days. We have now increased our third
quarter earnings potential as our pre registered users bring an active
revenue generation to our sports collectibles auction site which will
also act as a test site for our Same-As-Cash(TM) Internet
transactions," stated Thomas S. Hughes, Chairman and CEO of eConnect.
eConnect is both an Internet and non Internet company focused on
the global processing of P.E.R.F.E.C.T which are personal encrypted
transactions originating from consumer friendly terminals which enable
the public or home user to pay with either ATM card with PIN
Same-As-Cash or by secure terminal sent credit card transactions.
eConnect consists of two Divisions: the eConnect eGate Division
is now actively launching EzyShop,(www.ezyshop.cc) with revenues and
earnings expected to be reported in the fourth quarter; the eConnect-
Auction business unit and the service of Same-As-Cash which is the
payment of Internet purchases with ATM card with PIN on line debit.
eGaming consists of eSportsbet.com which is presently generating non
Internet gaming revenues, and 777WINS.com. eConnect's strategic
alliance with E-SAFE will enable eConnect to soon test Same-As-Cash
pay per play gaming transactions from Australia to eSportsbet.com and
777WINS.com plus the INSTANT GOVERNMENT TAXATION of these winnings
which eConnect believes will set the business model for globally
accepted Internet gaming transactions.
This press release contains forward looking statements subject to
the safe harbor act created by the Securities Litigation Reform Act of
1995. Management cautions that these statements may include
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.
--30--LS/na*
CONTACT: For eConnect: Carnegie Cooke
Anita Goldberg, 800/262-2331, (Investor Relations)
or
For E-SAFE:
Bruce McWilliam, 011-61-2-9267-7555
or
For ET&T:
Prima Capital,
Elias Argyropoulos, 800/600-8599
web sites: www.e-connect.cc
www.ezyshop.cc
for eConnect recent interview see
www.emergingcompany.com |
