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EVIS.OB
3 1/32
-5/32
Tuesday February 15, 8:42 pm Eastern Time
Company Press Release
eVision USA.Com, Inc. Subsidiary Enters into Agreement with Global Leader in Securities Trading, Clearing & Data Processing
DENVER--(BUSINESS WIRE)--Feb. 15, 2000--eVision USA.Com, Inc. (eVision) (OTCBB:EVIS - news), an integrated online solutions provider, is excited to announce that American Fronteer Financial Corporation (AFFC), a wholly owned subsidiary of eVision, has entered into a fully disclosed clearing agreement with the Pershing® Division of Donaldson, Lufkin & Jenrette Securities Corporation for the processing and clearing of securities transactions of OnLineBroker (TM) (OLBroker), a division of AFFC.
Pershing is a leading provider of global correspondent financial services to over 600 independent institutional and retail financial organizations. The agreement with Pershing provides OLBroker with the technology infrastructure necessary to achieve OLBroker's strategic objectives. Pershing's execution and transaction processing expertise will enable OLBroker to more efficiently, and more effectively, provide its clients with convenient access to a wide array of financial products and services including fully listed securities, OTC securities, options, fixed income securities, and mutual funds.
''As we begin the new millennium, the competition for investors' assets will be fierce. The challenge lies in anticipating clients' changing needs in order to meet the increasing demand for innovative global financial products and services. For this reason, it is important for OLBroker to enter into strategic business relationships and agreements with companies that share a similar vision for the future and can assist the firm in achieving its goals. As the clearing company for AFFC's online division, Pershing will certainly help the firm to achieve its objectives because it has a 60 year history of consistently adapting its reputable products and services to meet its clients' evolving needs,'' stated Fai H. Chan, Chairman and Chief Executive Officer of eVision.
Pershing is dedicated to using advanced technology to streamline brokerage clearing and improve the efficiency of its clients' operations. With this agreement, OLBroker is in a better position to offer its investors greater access to global investment products, market data and research, and convenient financial tools. Pershing's products and services will become a major component of OLBroker's operations, complementing OLBroker's internal capabilities.
''With the consummation of this agreement with Pershing, OLBroker is one step closer to its goal of launching a comprehensive, online securities broker/dealer operation. OLBroker is working aggressively towards becoming a pioneer as a Internet brokerage provider with an initial focus on the Asian and Far East markets,'' stated Fai H. Chan, Chairman and Chief Executive Officer of eVision.
eVision is an integrated online solutions provider. eVision's consolidated subsidiaries and significant equity investments operate within five distinct divisions: eFinance, eServices, eCommunications, eInformation, and eMedical.
American Fronteer Financial Corporation is a member of the NASD, SIPC, Boston Stock Exchange and an Associate Member of the American Stock Exchange. Pershing Division of Donaldson, Lufkin & Jenrette Securities Corporation is a member of the New York Stock Exchange, NASD, and SIPC.
Located in nine offices worldwide, Pershing provides a full range of investment-related products and services to the financial services community. Its businesses include execution, settlement, financing, and information management services. For more information on Pershing, refer to the company's web site at pershing.com.
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements.
If you would like to receive press releases via email, please contact us at ir@evisionusa.com.
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Contact:
eVision USA.Com, Inc.
Tony Chan, 303/860-1700
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