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

To: J. Nelson who wrote (3708)	11/23/1999 6:54:00 AM
From: Theo	Read Replies (1) \| Respond to of 18222

NEWS biz.yahoo.com eConnect Announces $850,000 in Yearly Revenues Plus $350,000 in Assets to Result From Top Sports SA Partnership LOS ANGELES--(BUSINESS WIRE)--Nov. 23, 1999--eConnect (OTCBB:ECNC - news) announced that it has signed a letter of Intent to acquire 50 percent of the Dominican Republic business of Top Sports SA, which currently owns and operates 12 Dominican land based licensed sports books which are generating $1,700,000 in yearly revenue. The partnership plans to add an additional 48 Dominican Republic locations over the next 14 months using new laws passed in the last month by the Dominican Republic government to streamline the industry. The partnership will also focus on expanding the Top Sports SA business to include Irish and Dominican Republic homes sending Internet cash payments to a Top Sports Internet Sports Web site. A major Irish land based sports book firm, through an alliance with Top Sports SA, has agreed in principle to implement Irish-based Internet cash payments..."

To: J. Nelson who wrote (3708)	11/23/1999 8:56:00 AM
From: M Vavolizza	Respond to of 18222

Good Morning J N, I believe that this selling pressure comes from the short timers; to battle this we need two things IMHO - First of all we need positive "stuff' happening in the company (a la the Brokers Presentations, today's news about Top Sports SA, the new museum concept for theArt Auction, and - of course - SOON I HOPE - the Beta Testing). The second ingredient is to reduce the float. Tom is still very actively pursuing this goal. Perhaps there is that third ingredient of TIME. I have never assumed that this was a stock for a quick hit. I have enough faith in it to hold for the Long Run. Before I entered the company as an investor before I ever had a thought of consulting for ECNC, I had to weigh all the evidence, KEEPING IN MIND THE RISK and THE THE RISK REWARD/RATIO. I personally concluded there was tremendous potential in this company, but I reminded myself that "Rome was not built in a day." Let's hope for a good day today. Manny Vavolizza Director of Investor and Wall Street Relations ECNC