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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (2650)	9/30/1999 10:59:00 AM
From: Jorjenzak	Read Replies (1) \| Respond to of 18222

Uh...news. <vbg> Thursday September 30, 8:35 am Eastern Time Company Press Release eConnect To Host November Stock Broker Presentations LOS ANGELES--(BUSINESS WIRE)--Sept. 30, 1999--eConnect (OTC BB:ECNC - news), has retained the services of International Investor Relations Group to host a series of informative presentations for stock brokers across the United States. The dates of the US tour are: San Francisco Monday, Nov. 8 San Diego Tuesday, Nov. 9 Los Angeles Wednesday, Nov. 10 Newport Friday, Nov. 12 Chicago Wednesday, Nov. 17 Boston Thursday, Nov. 18 New York Friday, Nov. 19 During these meetings, eConnect's business strategies and exciting line of products and services will be presented to over 50 brokers in each of the above mentioned markets. Brokers will be invited to utilize their ATM cards and PIN number to effect Same-as-Cash transactions at selected Internet web sites. Increased transaction security, cost savings and instant funding benefits of utilizing bank assigned PIN's during these transactions will be a focal point of the presentation. Other topics will include the importance of ePINs in the future of stock trading, Same-as-Cash electronic bill payments and encrypted retail transactions over the Internet. eConnect will generate fees from processing such transactions and will offer the ePIN Internet service to Internet merchants. Utility companies with an Internet site could have consumers pay their bills with an ePIN and save on the mailing of such bills in addition to avoiding check processing and handling costs. ``The business of eConnect is to process ePIN, EzyDepot and other hardware devices originating Same-as-Cash and enhanced credit card transactions. ``After having first paid a phone bill or insurance premium by an ePIN Same-as-Cash payment, some consumers will naturally wish to use the same ePIN to effect an Internet gaming transaction. In countries such as Australia or Ireland, eConnect will process these gaming transactions. eConnect will drive an ePIN Ireland originated transaction to eSportsbet.com with whose new owners we have structured an exclusive hardware originated global processing contract. ePIN International originated Same-as-Cash transactions to gaming sites such as 777WINS.com can be tracked and taxed by governments. ``After having used an EzyDepot to effect an EzyShop purchase, the same consumer could also use a State sanctioned EzyDepot to effect a self serviced Lottery purchase. ``Our message to the brokers is that eConnect will aggressively pursue the application of an EzyDepot being used in an EzyShop location for legal self serviced State lottery transactions with the same energy and focus that we will apply towards the usage of the EzyDepot and ePIN for bill payment, impulse purchases and donations. ``eConnect is focused on driving multiple ePIN and EzyDepot applications,and we are confident that our message will be heard and understood by the investment community' said, Chairman and Chief Executive Officer Thomas S. Hughes. About eConnect eConnect provides the consumer market and business market with the technology to effect enhanced credit card transactions which results in reduced charges for the merchant and safer credit card usage for the consumer, and Same-as-Cash transactions which is the usage of the ATM card and bank assigned PIN to send instant cash. For the Internet, a simple ePIN device attaches between the computer keyboard and the PC to effect such transactions. For public locations, the EzyDepot is now effecting EzyShop self serviced catalog transactions and will later effect EzyPay and EzyCash transactions. Outside of the United States, the ePIN can effect government sanctioned Internet gaming transactions which can be tracked and taxed. eConnect is presently generating revenues and earnings from its Auctions Division. Safe Harbor: 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: International Investor Relations Group 407/865-9433 or Carnegie Cooke (For eConnect) Anita Goldberg, 800/262-2331 (investor relations) or ET&T Prima Capital Elias Argyropoulos, 800/600-8599 e-connect.cc