ECNC news today, I picked this one up yesterday figuring <.10 is bottom, it should be all up from here.
LOS ANGELES--(BUSINESS WIRE)--Oct. 27, 1999--eConnect (OTCBB: ECNC)
signed on 2,000 new registered users in October at $10 per signup.
Art revenues of 5 percent of the sale amounted to $15,000 as of Oct. 26, with earnings
of $12,000 and projected monthly earnings of $13,500. To date,
theartauction.com has signed on 20,000 Registered users at an estimated
$400 per year, per user, which is an asset valued by eConnect at $8 million.
"We have tightened up our business model with increased earnings. We are now adding
on independent contractors in different areas of the art world and expect to substantially
increase our inventory in November. We are also excited about testing ePIN payments
by ATM card and PIN to theartauction.com in November," stated an eConnect
spokesperson.
About eConnect
eConnect is developing Internet alternative payment choices such as the usage of the
ePIN to effect safer credit card or same-as-cash ATM card with PIN transactions.
eConnect will generate a merchant-paid fee per transaction.
eConnect is developing additional revenue streams from the launching of ePIN
Cash2Trade, which is Same-as-Cash payments to brokerage firms; the launching of
ePIN Internet Cash Pay Per Play, which is ePIN Web casting payments; and the
September start of EzyShop, publicly placed self-service catalog kiosks.
eConnect is also in partnership with E-SAFE to develop revenue from legally
sanctioned gaming in Australia and Ireland.
Certain statements in this news release contain forward-looking information within the
meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and as contemplated under the Private Securities
Litigation Reform Act of 1995, and are subject to the safe harbor created by those
sections. All statements, other than statements of fact, included in this release, including,
without limitation, statements regarding potential future plans and objectives of the
company, are forward-looking statements that involve risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
--------------------------------------------------------------------------------
Contact:
Carnegie Cooke (For eConnect)
Anita Goldberg, 800/262-2331 (Investor Relations)
or
Prima Capital (for ET&T)
Elias Argyropoulos, 800/600-8599 |
