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

To: M Vavolizza who wrote (4846)	2/6/2000 7:53:00 PM
From: M Vavolizza	Read Replies (3) \| Respond to of 18222

eConnect vs Competition: eConnect strictly is focused on real terminals not virtual terminals and real bank processing systems interconnected with Internet commerce. In the world of banking, only terminals can read the mag strip of credit cards and ATM cards. eConnect has developed two such proprietary terminals, the eCashPad 1 and the eCashPad 2. These will be given away to the top 50 customers of Internet merchants. The eCashPad 1 can effect card present credit card transactions whereby the credit card is read when the consumer swipes their credit card through the mag stripe reader. This simple action enables the consumer to keep all credit card information private and provides the Internet merchant with a much lower charge rate from VISA and MASTERCARD as the credit card is present for the transaction. Only hardware such as the eCashPad 2 can effect an ATM card mag strip read transaction and the triple DES encryption of the consumer?s bank assigned PIN. This is a true cash transaction which as far as the Internet merchant is concerned is the same as cash. The eCashPad 2 is driven by the eConnect/RGtecq Linux server and will be processed by eFunds in the United States and by eConnect bank hosts outside of the United States. eConnect will be distributing free real eCashPad 1 and eCashPad 2 hardware and is well along on the development of the wireless ePockePay. We do not deal in virtual terminals but in the real thing which is the only way consumers and Internet merchants can enjoy true safety and substantial cost savings. The eConnect Internet Cash Portals will communicate Country to Country and business to business transactions in real time response to completed and authorized eCashPad 1 and eCashPad 2 transactions which have been driven by eConnect global host processors. SAFE HARBOR: Certain statements in this posting may contain forward-looking information within the meaning of Rule 175 under the Securities and Exchange ACT of 1933 and Rule 3b-6 under the Securites and Exchange Act of 1934, and are subject to the safe harbor created by those sections. All statements, other than statements of fact, included in this posting, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements tha involve risks and uncertainties. There can be no assurance that such statements in this posting will prove to be accurate and actual results and future events could differ materially from those anticipated in such postings. Furthermore, it is the Company?s position that all readers of this posting are hereby advised that Manny Vavolizza, the individual responsible for this posting, is the eConnect Chief Information Officer, paid employee and shareholder and is representing the Company?s views.