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To: Fli-by who wrote (263)9/23/1999 8:45:00 AM
From: SCOOBEY-DO  Respond to of 266
 
News Release:

September 23, 1999 06:46

eConnect Increases Revenues From Online Auction Holdings by 20% Since Early September Acquisitions

LOS ANGELES--(BUSINESS WIRE)--Sept. 23, 1999--eConnect (OTC BB:ECNC) has added on 800 new registered users at an average of 150 new registered users per day and has increased overall revenues by 20%.
The present eConnect user auction base is valued in excess of $6 million. eConnect is projecting 16,000 registered users by Sept. 30 and 25,000 registered users by Oct. 31.

eConnect will be offering ePINs in October for registered users to pay for auction purchases at theartauction.com and sportsfox.com with Same-As-Cash transactions by ATM card and PIN. eConnect is also testing the ePIN to open Internet trading accounts with its Cash2Trade.com service.

eConnect will aggressively work from Australia with its partner, E-SAFE, to test the ePIN for home lottery transactions by ATM card and PIN and to test legal Internet pay-per-play transactions.

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 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. eConnect is also building its own Web sites for revenue generation and has activated its EzyShop publicly located kiosk service in the Los Angeles market.

This news release contains forward-looking statements subject to the safe harbor act created by the Private 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: Carnegie Cooke & Co. (for eConnect)
Anita Goldberg, 800/262-2331
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
or
Web site: http:/www.e-connect.cc





To: Fli-by who wrote (263)9/28/1999 9:32:00 AM
From: SCOOBEY-DO  Respond to of 266
 
News Release:

eConnect to begin Ireland November tests of in home ePIN originated Same-as-Cash sports gaming transactions

Business Wire - September 28, 1999 07:25
LOS ANGELES--(BUSINESS WIRE)--Sept. 28, 1999--eConnect forms (OTB:BB:ECNC) is targeting a November test of its ePIN placing government sanctioned Ireland in home Same-as-Cash(TM) gaming transactions on eSportsbet.

The ePIN, an inexpensive simple hardware device that links between the keyboard and the home computer, will be used to originate Same-as-Cash(TM) gaming transactions with a bank issued ATM card.

eConnect will be actively working with E-SAFE to test government sanctioned in home Ireland Same-as-Cash(TM) sports wagers being sent by the ePIN to eSportsbet as Ireland automatically taxes such winnings.

In Ireland, eConnect will use the inexpensive ePIN, the home computer and an ATM card and bank assigned PIN to originate Same-as-Cash gaming transactions to eSportsbet, which eConnect has an exclusive global Same-as-Cash processing contract with.

Ireland taxes such transactions at 5%, and this is the business model which eConnect believes will lay the groundwork for worldwide government acceptance of Internet gaming transactions.

About eConnect:

The business of eConnect is to process self serviced bank card transactions with particular emphasis on home originated Same-as-Cash(TM) ATM card with PIN transactions. In the United States, eConnect owns the web sites of theartauction.com and sportfox.com to test ePIN originated purchases and has also established Cash2Trade.com to test ePIN originated Internet trading. Additionally, the public Kiosk service of EzyShop was launched in September with the eConnect EzyDepot. Outside of the United States, eConnect is working within sanctioned government environments to test in home originated ePIN Same-as-Cash(TM) wagering transactions.

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: Carnegie Cooke (For eConnect)
Anita Goldberg, 800/262-2331 (investor relations)
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
www.e-connect.cc