ECNC<--------------A Looooooong List of FALSE and Misleading Press releases by the Company...dozens of deadlines that come and go..empty promise after empty promise!!!
(BUSINESS WIRE)--Sept. 7, 1999--eConnect (OTC:BB:ECNC), a fully reporting company, today announced that its SafeTpay business unit (They Had an agreement, SafeTpay was never part of ECNC) has successfully completed tests for key portions of its system for making "Same-As-Cash" payments over the Internet using ATM cards and bank assigned PINs.
LOS ANGELES--(BUSINESS WIRE)--Sept. 16, 1999--eConnect (OTC BB:ECNC) has entered into a strategic alliance with a stock brokerage firm,Empire Financial Group Inc, to Beta test instant cash credit transactions for Internet stock brokerage accounts using ATM cards with PIN. Delivery of the ePIN devices to a Beta test group is scheduled for October 18. (The prducts had not even gone into Alpha testing)
"We will also test in home Same-As-cash transactions to Telstra whose website can be accessed for billpayment due and the consumer can then simply use their home ePin or other device to effect Same-As-Cash payment". (They never had an agreement with Telstra)
From manny, an officer for ECNC
DEAR BEACH(my handle), MR. HUGHES CONFIRMS THE JVC DEAL FOR SECURE EMAIL, ETC IS 100% IN PLACE AND ON SCHEDULE
I Called JVC, and They have no plans to change their email.
from manny, answering some of my questions:
Here are the answers to questions he relayed to Tom from the THREAD. Tom E-mailed these answers to Manny.
Re Hallsboy's question: "eSafe will be raising 10 million dollars in an I P O. eConnect will be raising $10 mil by selling REGISTERED SB2 eConnect stock to investors through a private placement. The price will be $1 per share plus$1 warrant that can be exercised with no strike dates until December 31, 2000."
JVC projects 2,000,000 On Line Benefits customers. Of that number, a LARGE portion is expected to pay $5.99 for the Secure E-Mail Service. "We have been told that 100,000 customers have already signed up. We receive about 50% of the $5.99 as our ROYALTY."
Status of Pocket Pay in Ireland on target, scheduled for December 1999. People in Ireland have requested results of beta testing before they commence. (they still had no alpha testing, and at this point, no company lined up to supply the hardware)
that was stated on november 3rd by tom, tom Knew that beta testing hadnt even been booked.
FTET is involved in beta testing, the deal did not go fall through. It is alive and well. All beta testing is covered under Manny's QUIET PERIOD. (they are not in beta testing, a blantant lie by the CEO)
SLICK is being produced. We are trying to meet the 4Q deadline BUT WE ARE FAR MORE CONCERNED ABOUT 100% ACCURACY THAN AN ARBITRARY DEADLINE. (there is no company producing this product, it will be supplied by a third party)
Our Rogel is responsible for the M R S. We are using this software in the current Beta testing. (current beta testing? Alpha testing has not started, how can they be in beta?)
.
eConnect will be offering ePINs in October for registered users to pay for auction purchases at theartauction.com and sportsfox.com with Same-As-Cash transactions by ATM card and PIN. eConnect is also testing the ePIN to open Internet trading accounts with its Cash2Trade.com service. (they have no epin, and no units where under production)
Our progress and revenues.
SafeTpay: The development of PERFECT Internet transactions.
A. SafeTpay is scheduled for October testing of Same-as-Cash Internet
transactions. During this month we will be distributing free ePIN units to 100 of
our artauction.com customers who will then be able to use their ATM
card and PIN to:
1. Purchase art from artauction.com: thus, generating revenues
2. Purchase sports memorabilia from econbid.com: thus, generating revenues
(again, the still do not have a product at this point)
B. EzyShop: The development of on site PERFECT transactions.
EzyShop (www.ezyshop.cc) consists of the EzyDepot and a four foot podium
on which the EzyDepot rests. By this Saturday, September 18, 1999, we will have deployed our EzyDepots at 10 high traffic locations and will support the
service with local television advertising. We have a total of 50 EzyDepots scheduled for deployment and have another 50 in the process of being manufactured. (they were never deployed)
We expect to be generating 6% net sale revenues this month from the
EzyShop locations. Ex: The catalog item costs $100; we receive $6 Net sale from the vendor.The goal of EzyShop is to then have the same location evolve into an EzyPay, EzyCash and EzyGame (self service State lottery) location.
C. BetPortal.com:
As a result of our acquisition of artauction.com, we now have the services of the
PowerClick staff who are masters at Internet marketing, and you will soon see substantial daily traffic flowing through BetPortal.com to the various gaming sites. We generate 50% pure profit of the revenues produced from BetPortal.com. We are simply routing traffic in a hyperlink format.
check the link, its no longer a betting portal.
OH and as for the action site check this out:
theartauction.com
this link will give you a report on the auction site, this is a site that they paid 5 million dollars for.
. Nov. 19,1999-Tom Hughes, eConnect Chairman and CEO, states, ``We are excited about Abbas joining the Artauction and directing and guiding it into what we believe will become an outstanding site over the next 45 days, generating substantial traffic and revenue
for eConnect.' Its Feb 5 today, so there must be all sorts of revenue flowing in right now, what are the curent numbers?
2. Nov. 30, 1999, The buy back-`Our share price is undervalued and we are exploring all means to increase shareholder value. We will be expending up to
$1,000,000 over the next 30 days to buyback eConnect stock in the open market and to remove it from the float,' stated Thomas S. Hughes, Chairman and CEO. So the buy back is finished, how many shares did they totaly buy back? why dont I see a SEC filing for it? The PR did say "we" will be buying back shares didnt it?
3.LOS ANGELES--(BUSINESS WIRE)--Dec. 1, 1999--eConnect (OTCBB:ECNC -
news) and Kanakaris (OTCBB:KKRS - news) are projecting a first test of cash donations for Internet Charity webcasting will begin within 45 days. Once again its Feb. 5 now why dont I see this on the KKRS site?
4. Dec 16, 1999 Linux news- This is the
Internet cash model referred to in the Nov. 18 CNN.com article in which a Star Systems spokesperson referred to three different Internet cash models. Star Systems is a regional EFT that serves 3,700 financial institutions and 79 million cardholders. What is the CNN artical? Oh I found it, this must be great we are a part of this hunh? We are a part of star?
5.LOS ANGELES--(BUSINESS WIRE)--Dec. 17, 1999--eConnect (OTC:BB:ECNC), fully reporting, announced that
Kanakaris Communications, kkrs.net, a leading web broadcaster, is scheduling testing of Internet cash charity donations by ATM card and PIN. What they havnt started yet? They must have by now, its Feb 5.
6.LOS ANGELES--(BUSINESS WIRE)--Jan. 10, 2000-- The eConnect Linux Transaction Server (LTS) will process the
ePocketPay hand held wireless Internet cash payments
Internet merchant fees will be generated per Internet
cash payment transaction. Whats this, I read in the SEC filing that for each one of these systems we pay 5 million to Rogel, we still dont hve the first one working why start another project when the first isnt even up yet?
7.LOS ANGELES--(BUSINESS WIRE)--Feb. 4, 2000--eConnect (OTCBB:ECNC - news) is announcing today the
preparation of a working schedule to be released next week for beta testing. The schedule will outline the various stages of the transition from alpha testing into fully operational Beta testing. Included in this schedule will be the targeted dates for the delivery of the first eCashPads. These eCashPads will be given away free to the top 50 customers of each Internet Cash Payment Portal merchants. What is this? We still havnt started using the same as cash system yet? Its Feb 5 now, and in the last 3 months of PR nothing is up and running yet? |
