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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: TallTrader who wrote (20830)	12/13/1999 10:14:00 AM
From: Joe Copia	Respond to of 25711

ECNC news is awesome. Really like it as a position play/hold. Monday December 13, 6:09 am Eastern Time Company Press Release E-Connect to Continue Stock Buy-Back Program LOS ANGELES--(BUSINESS WIRE)--Dec. 13, 1999--E-Connect, a reporting company (OTC BB:ECNC - news), today announces that as of Friday Dec. 10, it has bought in excess of 1,500,000 shares in the open market. Those shares will be taken out of the public float and put into certificate form. E-Connect will expend up to an additional $750,000.00 to buy back shares in the open market to repurchase its shares. Tom Hughes, CEO of E-Connect stated, ``I feel that the price of our shares is tremendously undervalued and we are looking at all alternatives to increase shareholder value. I certainly have all the confidence in the world in E-Connect and I am looking to establish that same confidence in the investment community and among both individual investors and institutional investors.' The additional buyback program is to commence immediately. SAFE HARBOR: Certain statements in this news release contain forward-looking information within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, and as contemplated under the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbor created by those sections. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Contact: eConnect Carnegie Cooke, 800/262-2331 Anita Goldberg, 800/262-2331 (Investor Relations) or Prima Capital (for ET&T) Elias Argyropoulos, 800/600-8599 Kanakaris: kkrs.net