To: M Vavolizza who wrote (5057 ) 3/3/2000 5:37:00 PM From: Jorjenzak Read Replies (1) | Respond to of 18222
Independent Financial Reports Announces Investment Opinion on eConnect CHICAGO, Mar 3, 2000 (BUSINESS WIRE) -- eConnect (OTC BB: ECNC) beat out all top 10 NASDAQ growth earners with growth superior to any and all NASDAQ stocks last Wednesday. In its second day of extraordinary growth totalling 195.70%, ECNC received a large portion of its investments from solid institutional investors. Today, ECNC continues its rise after its announcement of the First-Ever Wireless Internet Link to PalmPilot. eConnect, a company who has developed a real-time, one-swipe process for financial transactions ranging from retail to Internet, has caught the eye of millions in the past few days. Independent Financial Reports has reviewed the technologies of ECNC through its web sites www.econnectholdings.com and www.powerclick.com. eConnect's devices range from cell phone bank accounts which can wire, deposit or withdraw funds from anywhere in the world to a computer key board that registers a sale on the Internet with the swipe of a credit or ATM card. This is all registered in real-time without the need for authorization or manual processing. eConnect then secures these transactions with state of the art encryption software. The institutional and private investments being made with such enthusiasm are being done with the consideration of the limitless applications of such a universally in-demand technology. The idea that speed in processing money, makes money and saves money, is exemplified by one of the many services eConnect would provide in regard to a recent Federal Reserve statement that over 70 billion checks are written every year with an overall cost of processing of 40 billion dollars. eConnect would eliminate the need for checks beyond the era of the credit card and ATM. ECNC's Linux Transaction Server, now provides for real-time Business to Business cash portals globally. ECNC has now clearly established a leading position in the projected Trillion Dollar Industry of Global Internet and retail cash payments. 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 facts, 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. Distributed via COMTEX. Copyright (C) 2000 Business Wire. All rights reserved. CONTACT: Independent Financial Reports, Inc., Chicago Reagan Wilks, 323/856-0030 IFRwallstreet@aol.com KEYWORD: ILLINOIS INDUSTRY KEYWORD: INVESTMENT OPINION Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com