ANTHONY DAMN IT!! CALL YOURSELF AND INVESTIGATOR, LOOK AT THIS NEW RELEASE:
IDIG) eConnect and Pilot Island Establish Unique PalmPilot
LicensingArrangement to Use PALM VII Platform in a First-Ever Wireless
Internet TerminalLink to PalmPilot
Fri Mar 03 05:15:00 EST 2000
WINTER GARDEN, Fla., Mar 3, 2000 (BUSINESS WIRE) --
Will Use PalmPilot(TM) Proxy Servers to Receive Incoming
PocketPay(TM) Internet Credit/Debit Transactions
Pilot Island Publishing, a wholly owned subsidiary of International Digital
Holding (OTCBB:IDIG), and its PocketPay Joint Venture partner, eConnect
(OTCBB:ECNC), have structured a licensing arrangement with PalmPilot to enable
first-ever wireless hand-held Internet terminal transactions.
The PocketPay, which will be a hand-held combination Palm VII, phone and bank
card Internet terminal, will send encrypted ATM card with PIN or credit card
data to the Palm VII proxy server center, which in turn will then send on the
data to the eConnect/RGTecq Linux Transaction server, which in turn will pass on
the transaction to the eConnect Host systems for bank card authorization.
Initial services will be eConnect2Trade, whereby a mobile consumer will be able
to open an Instant Cash Trading Account with an ATM card with PIN Internet cash
payment originating from the PocketPay.
PocketPay prototype testing will commence in the third quarter of this year.
Profits are generated through merchant transaction fees, and
business-to-business applications are substantial. Explosive growth and rapid
acceptance of the Palm series of hand-held computers bodes well for innovators
exploiting this new technology.
Globally placed eConnect Host centers, beginning with the United States, Hong
Kong, Austrialia, Ireland and the Dominican Republic, will drive the PocketPay
transactions.
Pilot Island Publishing is an industry leader in developing software products
and accessories for the Palm-Top computing market. Products are sold through
major computer retailers worldwide as well as the Internet.
Pilot Island's parent company, International Digital Holding Inc., based in
Winter Garden, functions as a holding company, specializing in cutting-edge
Internet, software and telecommunications subsidiaries.
eConnect is the leader in development of global Internet ATM card and PIN cash
payment transactions.
The eConnect system consists of the eCashPad, the eConnect/RGTecq Linux
Transaction server and the eConnect bank hosts, which are being established on a
global basis beginning with the Dominican Republic, Ireland, Hong Kong and
Australia.
Safe Harbor: Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of 1933 and
Rule 3b-6 under the Securities Exchange Act of 1934 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.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
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