Online Trading Facilitator NetX 'nxam' Message Board

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Non-Tech : Online Trading Facilitator NetX 'nxam'

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To: hotstox who wrote ()	1/7/1999 3:58:00 PM
From: grantsi	of 3

I have already started this thread under nxam can you tell me what you know about the company here is todays news realease NetX America Announces New "NetX Investor Account Manager" Licensee and The Release of New Software Targeting Online Securities Trading CALGARY, Alberta--(BUSINESS WIRE)--Jan. 7, 1999--NetX America Inc. (''NetX'')(OTC BB NXAM) is pleased to announce that it has licensed its ''NetX Investor Account Manager'' software to International Trade and Investments Ltd. (''ITI''), Nassau, Bahamas. ITI, a leading Caribbean based manager of International Business Companies, is currently using NetX software to expand client services to include online securities trading.The NetX system has provided a solution to a problem ITI recently had in its efforts to set up and manage trading accounts for its IBC's using an existing E-Trade company. ITI has now effectively established their own E-trade Company using the NetX software. They have established a relationship with RBC Dominion Securities in Nassau, to transmit orders and place trades from the Internet using the ITI Brokerage Logon section of the NetX system. ITI Ltd. is one of many companies to express interest in the ''NetX Investor Account Management'' software and the capacity of the system to enable online trading. The growing success of numerous E-trading companies coupled with the increasing acceptance of online Banking has created a growing demand for the kind of systems that NetX provides. NetX will be announcing additional licensed users, as installations are completed. NetX is now ready to aggressively expand its market position with the release of a modified software package targeting the area of greatest interest, online securities trading. This version provides the Internet Trading portion of the NetX system, allowing licensed Trust Companies to setup trading accounts and manage trading activity and reporting through the Internet. (The complete NetX Investor Account Manager version contains full Offshore Trust and Private Banking account management, as well as Internet trading and Account reporting). The NetX E-trading system is a transaction-based model involving no initial set-up costs for qualified prospects, which will allow for more rapid market penetration of the NetX system. The resulting transaction volumes in turn generate revenues for NetX every time the system is used. This version will be licensed to qualified Trust Companies and made available for distribution with a simple down load from the NetX Web-site. NetX is also establishing license agreements with the Securities Brokerages to distribute NetX software to their corporate clients. Each NetX Trading system that is placed into a Trust Company will be setup with a pre-established securities trading link to the Securities Brokerage that introduced that Trust Company to the ''NetX Trading'' system. By offering the ''NetX Trading'' system to their Trust Company clients, these Security Brokerages instantly become E-Trading companies for the Offshore Trust Company Industry. This kind of a distribution arrangement will speed market penetration for NetX and allow our software to be offered alongside the required Brokerage service.

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