To: John Anderfuren who wrote (53 ) 8/19/1999 4:29:00 PM From: Skywatcher Read Replies (1) | Respond to of 173
Corporate Up-date and Overview VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 19, 1999--The Company (OTC BB:EBNK) released parts of the financial portal, E-Gate, on July 9th, 1999. It was released for Beta testing and feedback purposes to assist in the design of the final version of E-Gate. This is a rare occurrence in the computer programming industry being only nine (9) days late with a new product. We had underestimated the usage of the portal and therefore began almost immediately experiencing problems due to high volume of traffic. We have recently upgraded our existing system to one that is capable of handling huge volumes of traffic without interruptions. We now have a fibre-optic connection that links AlphaTrade to the backbone of one of the largest bandwidth providers, AT&T. In anticipation of any future connection or bandwidth problems, AlphaTrade is setting up an in-house web server system. This new system will allow users many benefits such as preferential treatment with respect to customizing E-Gate's mini-applets. AlphaTrade has also been working o n the standardization of the financial feeds for our applets. To minimize confusion regarding the available exchanges, the Company has reduced the available subscriber programs to two: Alpha-Trader and Alpha-Investor. Subscribers wanting additional exchange quotes beyond the three major US exchanges will have to request those as additional options. Alpha-Trader will provide the subscriber with Level II real time financial quotes from the three largest US Exchanges (NYSE, NASDAQ, AMEX) for only $29.95 per month. This price includes any real-time exchange fees for non-professional subscribers. Alpha-Investor will provide the subscriber with Level II delayed (15-20 minutes) financial quotes from the same exchanges for only $4.95 per month. (The first 100,000 Alpha-Investor subscribers will pay no monthly fees for a period of 6 months). The Alpha-Investor can up-grade at any time to the Alpha-Trader status. The Company is working toward a full NASDAQ listing. The requirements are 300 registered shareholders holding a minimum of 100 shares. At this time, the company is aggressively pursuing new shareholders. Now that AlphaTrade has solved the structural problems, there will be regular up-dates provided to shareholders outlining any new services or functions available to subscribers of E-Gate. The company wishes to apologize for the lack of information during these past few weeks. For a detailed description of available news and financial information feeds, please go to our web-site: www.alphatrade.com. Chris