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Non-Tech : Global Games Corporation is on the move (GLOW)

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To: Double Dipper who wrote (356)3/20/1998 7:24:00 PM
From: Dave Lee   of 720
 
Hello everyone,found this tidbit in the San Jose Mercury.

CyberCash to acquire ICVerify of Oakland
CyberCash Inc. of Reston,Va. agreed to buy Oakland-based
ICVerify Inc.,which makes software for payment over the internet,
for 57.1 million in cash and stock to prepare for expected rapid
growth of internet commerce.CyberCashwill pay ICVerify shareholders
16 million in cash and 2.3 million shares of CyberCash common stock.
The stock portion of the price is valued at 41.1 million based on
tuesday,s closing share price of 17.88.The acquisition broadens
CyberCash's business that allows secure credit card transaction and other financial services over the internet.Closely held ICVerify
makes software that authorizes credit-card,debit-card and check transactions and other types of payment for retailers.

P.S. I don't Know exactly how close this is to WolfKey Inc. but the key words are,rapid growth of internet commerce. .50eps IM IN.
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