Electronic Clearing House Inc Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Electronic Clearing House Inc

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Mav who wrote (622)	1/29/1999 1:08:00 PM
From: Michael L. Bland	Read Replies (1) of 1038

John, I agree with what you are saying. It's frustrating the way the market is overlooking this "little gem". After all how many e-commerce companies are now making a profit? To answer my own question only ECHO and a handful of others. One of the things that will propel ECHO is not only when they are discovered as an e-commerce internet contender,but if they are able to do the deal with the U.S. Postal Service. This is one of the little nuggets of information mentioned in their most recent 10K,which has the potential to produce gigantic revenues for ECHO. When investors read the following,they need to be aware that we are NOW in ECHO's second quarter. So we could be seeing a news release regarding the USPS deal soon. "United States Postal Service ("USPS") Pilot Program In November 1995, CBC was awarded a contract to design and build 575 Electronic Money Order Dispensers ("EMOD") for the USPS. The First Article Test of the EMOD system was approved in February 1997. In May 1997, 175 "Stand-Alone" EMOD units were deployed in the Dallas, Texas area. The Company was informed in January 1998 that the pilot program was being extended and that the USPS found that the EMOD system generated significant savings in time and money for the USPS. This was deemed to be due to the lower cost of money order issuance, management relating thereto, and the system's ability to electronically transfer daily accounting information to regional headquarters, lowering administrative and accounting costs accordingly. The USPS subsequently asked the CBC to bid the costs of making a software change to the EMOD that allowed other printers to be utilized with the EB921 control terminal and CBC submitted such bid in June 1998. Final permission to proceed was received from the USPS in December, 1998 and delivery of the modified software is expected to occur in the second quarter of fiscal 1999. It is anticipated that the software will be tested for a period of two to three months after delivery at which time the USPS is expected to make a decision on promoting the EMOD program on a national scale. No assurance can be given that the EMOD system will perform adequately to justify such national distribution or that the software will perform the requested tasks or that the estimate of units that might be required would actually be ordered under such circumstances." Best regards, Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next