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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: Nanchate who wrote (2979)11/7/1999 9:09:00 PM
From: Nanchate  Read Replies (2) | Respond to of 4443
 
E.Com/ATG Established Strategic Relationship

(this is is a past release)

ecominc.com

E.Com Reports Ashton Taps E.Com for Wireless Finance
November 21, 1998

Ashton Taps E.Com
To Provide Wireless Finance
11/21/97
Ashton Taps E.Com
To Provide Wireless Finance
11/21/97
Ashton Technology Group/E.Com International

The Ashton Technology Group entered into a strategic relationship with E Com International to provide remote wireless access to its family of on-line transaction systems. E.Com?s wireless products allow user access to the Internet, corporate networks and remote databases. Pursuant to the relationship with E.Com, Ashton has became the exclusive distributor of E.Com?s products for the professional financial services market and has agreed to purchase 30,000 share of E.Com common stock together with an equal number of warrants in a private transaction. E.Com?s products incorporate integrated hardware, software and packet radio modems from Motorola to enable wireless communications that is easy to use in a lightweight, compact and durable handheld device.

The Ashton Technology Group Inc. Announces Strategic Relationship with E.Com International, Inc.

Business Editors/Computers & Electronics Writers

PHILADELPHIA--(BUSINESS WIRE)--Nov. 20, 1997--The Ashton Technology Group, Inc. (Nasdaq Small Cap: ASTN) announced Thursday a strategic initiative aimed at providing remote wireless access to its family of on-line transaction systems.

Ashton has entered into a strategic relationship with E.Com International, Inc. a private company based in Beaverton, Ore. Which develops and markets integrated wireless mobile computing devices.

E.Com?s wireless products allow user access to the Internet, corporate networks and remote databases.

Pursuant to the relationship with E.Com, Ashton has become the exclusive distributor of E.Com?s products for the professional financial services market and has agreed to purchase 30,000 shares of E.Com common stock together with an equal number of warrants in a private transaction.

E.Com?s products will allow users of Ashton?s proprietary on-line transaction products to access and trade on the UTS™ from remote locations.

E.Com?s products are designed to exploit the rapid response capabilities of wireless data communications. These products provide transparent roaming capabilities, 24-hour immediate data delivery, confirmation of receipt, data storage and computing capabilities.

E.Com?s products incorporate integrated hardware, software and packet radio modems from Motorola to enable wireless communications that is easy to use in a lightweight, compact and durable handheld device.

Ashton?s President, Fredric W. Rittereiser said, "E.Com provides Ashton with a product that will greatly enhance the utility of our on-line transaction products for professional traders, by enabling Ashton to offer an outstanding wireless communications device to users of our systems and assuring seamless connectivity to the financial markets and our trading systems."

"This application of the Discovery™, our flagship wireless smart handheld device, is a strategic move for E.Com. We are fully committed to a successful rollout for Ashton and its customers in this exciting new deployment of wireless data communication technology," remarked William F. Stephens, E.Com?s president.

Ashton is an Internet technology company, providing products and services to the financial services industry. Ashton is developing a family of on-line transaction systems using advanced telecommunication technologies together with advanced computing technologies that will facilitate transactions among participants in the financial markets.

Ashton?s proprietary transaction systems will be made available to end users through both proprietary communications networks and the Internet.

E.Com International, Inc. is a wireless mobile computing company that provides fully integrated wireless solutions for mobile professionals in financial services, field sales/service, health care and transportation services.

Its products are designed to meet the demanding needs of mobile workers where long battery life, lightweight, ease-of-use and seamless wireless networking for Internet access, e-mail, and fax are critical requirements.

ecominc.com