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Microcap & Penny Stocks : DD Central on ECNC (formerly BETT) -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (259)	9/7/1999 8:53:00 AM
From: SCOOBEY-DO	Read Replies (2) \| Respond to of 266

September 07, 1999 07:23 eConnect Reports First Ever Usage of a Transaction Server Using Linux, a Major Milestone Achieved In Development of SafeTpay System for "Same-As-Cash" Purchases and Bill Payments Over the Internet LOS ANGELES--(BUSINESS WIRE)--Sept. 7, 1999--eConnect (OTC:BB:ECNC), a fully reporting company, today announced that its SafeTpay business unit has successfully completed tests for key portions of its system for making "Same-As-Cash" payments over the Internet using ATM cards and bank assigned PINs. eConnect will use the system to provide transaction processing services to Internet merchants beginning this fall. A potential revenue stream of $20,000,000 in 2000 is estimated from merchant fees generated from the processing of SafeTpay transactions. SafeTpay offers Internet users the ability to purchase or pay with cash. SafeTpay will provide Internet consumers with simple inexpensive ePINs(TM) equipment that will enable home ATM card with PIN usage. One of the first live tests of SafeTpay will be performed at econnectauction.com, an Internet sports memorabila auction site owned and operated by eConnect. eConnect will be offering the ePIN to its 15,000 registered users to purchase with either a Same-as-Cash transaction or an enhanced credit card transaction. After a successful trial, SafeTpay will be broadly marketed to other Internet merchants, and similar auction sites, such as eBay(Nasdaq:EBAY). eConnect will generate a fee per transaction as paid by the Internet merchant. Usage of SafeTpay offers the Internet merchant the option of either receiving a Same-As-Cash payment by ATM card and PIN or enhanced credit card transactions with a lower charge rate to the Internet merchant. A SafeTpay transaction will also offer Internet consumers a safer method of credit card payment. SafeTpay will use a Linux-based Internet transaction server, connected to regional ATM networks though a Tandem-based transaction processor. This is believed to be the first implementation of such a transaction server using Linux, and the first integration of such a Linux system to a Tandem back-end. Tandem, recently bought by Compaq (NYSE:CPQ), is the most popular type of computer for mission-critical on-line transaction processing application such as banking, reservation systems, and credit card and ATM card systems. Linux is a shareware operating system experiencing phenomenal growth for Internet and other applications, due to promotion by Red Hat (Nasdaq:RHAT) and others. "Our system contains three software modules, with one to reside at the merchant's Internet site, one at the consumers browser, and one being our server. During late August, we provided private demonstrations of the consumer and merchant portions of the system to potential business partners and investors. "Their reaction was very positive. The demonstrations showed how our software module, working with the Internet Explorer browser from Microsoft, would enable a typical consumer to make a purchase over the Internet using their ATM card. We are now preparing to test and demonstrate the server, which will act as a Gateway for SafeTpay transactions. Once that is done, we will be ready to process live transactions," stated an eConnect spokesperson. Experts estimate that Internet transaction volume in the USA alone could exceed 250 million transactions this Christmas. eConnect estimates that consumers, given a choice, might choose to use their ATM cards for up to 20% of these transactions. That could result in an annual revenue stream of over $20 million for processing SafeTpay transactions next year, acting as a gateway for handling these ATM transactions in the USA alone. Future potential world-wide is much larger. As soon as SafeTpay operations are launched successfully in the USA this fall, development will begin on enhancements to the SafeTpay server software, to support message formats for ATM cards issued by banks in other countries. This will enable eConnect to pursue it's global growth strategy, with previously-announced partners such as E-Safe in Australia. About eConnect: eConnect is the developer of eSecure systems: this is the usage of simple inexpensive equipment from homes, offices and public locations to pay with SafeTpay which is either a Same-As-Cash ATM card with PIN or an enhanced credit card transaction. eConnect generates a fee per transaction which is paid by the merchant. This press release contains forward looking statements subject to the safe harbor act created by the Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development. CONTACT: For eConnect Carnegie Cooke Anita Goldberg, 800/262-2331 or ET&T Prima Capital Elias Argyropoulos, 800/600-8599 or web sites: e-connect.cc ezyshop.cc econnectauction.com for eConnect recent interview, see emergingcompany.com ECONNECT - ECNC Price 0.31 Net Change -0.03 Volume (000) 444 Day High 0.345 Day Low 0.30 EBAY INC - EBAY Price 133 1/2 Net Change +12 1/16 Volume (000) 5594 Day High 134.00 Day Low 125 1/2 COMPAQ COMPUTER - CPQ Price 23 1/4 Net Change +3/16 Volume (000) 6968 Day High 23 9/16 Day Low 23 1/8 as of 09/07/99 08:41 AM EDT

To: SCOOBEY-DO who wrote (259)	9/17/1999 5:43:00 AM
From: Fli-by	Read Replies (2) \| Respond to of 266

eConnect makes Internet History Business Wire - September 14, 1999 07:16 LOS ANGELES--(BUSINESS WIRE)--Sept. 14, 1999--eConnect (OTC BB:ECNC) announced today that it has made Internet Business history by being the first on-line business or eCommerce company to open the back end of an eCommerce Reports section for public viewing. The Reports section is now immediately available for monitoring access by anyone who wishes to monitor the growth of the Art Auction at www.theartauction.com/auction/REPORTS. The eConnectauction.com sports memorabilla site Reports section will be open to access on September 21. eConnect Chairman and Chief Executive Officer, Thomas S. Hughes, stated, "This is an Internet first and will enable any eConnect shareholder, prospective shareholder and all of Wall Street to watch our business grow on a daily basis by monitoring our Reports section daily revenue activity." Hughes added, "Shareholders will be able to know exactly what our Auction business growth is on a daily basis and will no longer will have to wait for quarterly reports." eConnect announced yesterday the launch of their new Art Auction site at theartauction.com. eConnect's Art Auction is the Internet's premier destination for Art enthusiasts. It features 24 hours a day and seven days a week auction activity on a wide variety of Art. The Art Auction is a recognized leader in the Art Industry due to the important fact that there are more than 20,000 unique visitors each day. This alone puts the Art Auction in the top tier of most heavily visited Internet sites on the Net. In fact, according to PC Data, that would put us in the top 1000. Additionally, there are more than 14,000 registered users currently and that number is expected to reach 25,000 by the end of September. James Wexler, President of the Auction Group, stated, "eConnect Investors should realize, that the key with any Internet business is traffic and registered users. With this much traffic and this extremely large amount of registered users, we will have the ability to sell millions of dollars worth of Art. In fact, with this much traffic and this many registered users, we will be able to expand from Art to other products such as books, C.D.'s and more." About eConnect: eConnect is focused on Internet and other consumers using financial cards and inexpensive equipment from homes, offices, and mobile locations to make purchases or pay bills. eConnect has developed SafeTpay to enable that service, and has acquired artauction.com and econbid.com to generate revenues and to act as test sites for SafeTpay. eConnect has developed EzyShop, a kisok approach for non Internet consumers. eConnect has developed the first Linux based transactional server and a host processor that will drive these transactions originating from eConnect hardware. eConnect generates a merchant fee per transaction. Securities Litigation Reform Act of 1995. Management cautions that these statements may include projections and estimates of future performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development. CONTACT: eConnect Carnegie Cooke Anita Goldberg, 800/262-2331 or ET&T Prima Capital Elias Argyropoulos, 800/600-8599 web sites: www.e-connect.cc www.ezyshop.cc