Gee scoob, it's all in fun, but since I'm not here to make any enemies, here goes (in part)
and yes, when marksal laid claim to his 15 minutes of fame, I took his word it was really him, just call me naive... ;-)
eConnect Announces First Bank Eyes Only(TM) Purchase via eCashPad
CEO Hughes, a Representative of Sun Microsystems, and Others Discuss
Commercial Prospects as eConnect Resolves Litigation and Announces Plans
For Share Increase, Listing on the NASDAQ or American Stock Exchange
SAN PEDRO, Calif., Oct. 31 /PRNewswire/ -- eConnect (ECNC) successfully
demonstrated the eCashPad, the launch product of its Bank Eyes Only(TM) system
of secure online payment, as shareholders preliminarily approved an increase
in authorized shares at the Company's annual meeting yesterday.
Thomas S. Hughes, founder, chairman and chief executive of eConnect,
discussed the Company's near-term marketing plan in greater detail, along with
representatives of several business partners. The first 5,000 eCashPads are
now being manufactured in Asia, and 10,000 are expected to be available for
sale and distribution to consumers and merchants by the end of November.
"I've been waiting a year for this to happen, and I'm thrilled to be one
of the first to use it," said shareholder Mark Salmanowicz, who swiped his
Master Card and American Express card through a pilot eCashPad, purchasing two
golf shirts in transactions that lasted about 90 seconds each. "It was
extremely fast -- there was no delay whatever in processing the transaction,"
added Mr. Salmanowicz, of Royal Oak, Michigan. |
