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Gold/Mining/Energy : Valu-Net Corp (VNE on ASE - was Faymar) -- Ignore unavailable to you. Want to Upgrade?

To: David in Ontario who wrote (964)	12/14/1999 8:09:00 AM
From: Ron S.	Read Replies (2) \| Respond to of 974

News Release from www.newswire,ca CANADIAN VENTURE EXCHANGE SYMBOL: VNE TORONTO, Dec. 13 /CNW/ - Valu-net Corporation (CDNX: VNE) today launched its CPAC e-commerce platform for the LINUX operating system. With this announcement, Valu-net is among the first in North America to market a LINUX-based e-commerce platform capable of processing secure transactions in multiple currencies. Available immediately, CPAC for LINUX is a proven, reliable platform for facilitating online transactions between merchants and consumers on the Internet. "With the launch of CPAC for LINUX, Valu-net continues to lead the market with state of the art solutions for online marketing and payment processing,"stated David Lucatch, president and CEO of Valu-net. Extending CPAC's functionality to support LINUX gives merchants the ability to build e-commerce capabilities into their Web pages hosted on LINUX- based Web servers. This means that merchants can now seamlessly integrate transaction-based, e-commerce applications within a flexible and low-cost operating system environment. Valu-net offers full technical support and strategic e-commerce consulting services to all merchants using LINUX as their development platform. "The LINUX movement has been a powerful force of technological change in the choice of operating systems. With this change comes the need for new products and services to meet the demands of this community," said Anthony Pearlman, Chief Information Officer of Valu-net Corporation. "Offering an e-commerce platform for LINUX gives online merchants the flexibility to choose their operating system without worrying about its ability to process transactions over the Internet in a safe and secure manner." In addition to the LINUX operating system, CPAC also supports multiple platforms for online credit card payment solutions including: Sun Microsystems' Solaris OS, Red Hat's OS, Microsoft Site Server and IBM's Net Commerce application as well as a variety of other popular operating systems and applications. About CPAC CPAC is an Internet-based proprietary transaction system owned 100% by Valu-net. CPAC (Credit Payment Authorization Component) has been available in the North American marketplace since 1997. It is recognized as one of the premiere secure payment solutions for online retailers, providing real-time authorization, processing and settlement of online credit card transactions. CPAC is used in conjunction with third party credit card processing agencies, supports all major credit cards, multiple currencies, and is compatible with most major financial institutions and private credit card issuers. About Valu-net Founded in 1995, Valu-net develops online marketing and electronic commerce programs for selling products over the Internet. This expertise is used to directly create Internet business initiatives through Valu-net's own divisions, joint ventures, and industry partnerships. In addition, Valu-net is able to offer merchants a complete range of business enabling services to meet the growing demand for secure and effective electronic commerce. These services are available to merchants directly through Valu-net or indirectly through agreements with agencies and resellers. Valu-net's division, The eMerge Alliance (www.emergealliance.org) offers merchants easy entry into the electronic commerce market with a turnkey solution that is both scalable and cost-effective. Further information is available through Valu-net's corporate web site at www.vncorp.com. The Canadian Venture Exchange has neither approved nor disapproved the information herein contained. %SEDAR: 00008990E -30- For further information: VALU-NET MEDIA RELATIONS CONTACT: Brad Friesen, Friesen Strategic Inc., Phone (416) 921-9789, Fax (416) 921-6121, brad@friesenstrategic.com; VALU-NET INVESTOR RELATIONS CONTACT: Jay Hussey, The Equicom Group Inc., Phone (416) 815-0700 ext. 225, Fax (416) 815-0080, jhussey@equicomgroup.com; To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw.