Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Smart Cards -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (195)	3/8/2000 10:41:00 AM
From: Rolla Coasta	Respond to of 343

VHS Network, Inc. Announces Visa Canada Approves SmartCards for Banks MISSISSAUGA, Ontario, Feb. 4 /PRNewswire/ -- VHS Network, Inc. (OTC Bulletin Board: VHSN) announced today that Visa Canada approves SmartCards for Banks. The acceleration of the demand for "smartCARD" applications alone will focus major players, such as Institutions and Banks, on this technology. VHSN has been a major proponent of application on chip cards for many years. VHS Network released the news today that, "Visa Members in Canada analyze SmartCards." According to VHS Network, "Visa issuers in Canada have taken the first step toward replacing their 22 million magnetic-stripe credit cards with ChipCards," as the Visa Canada board this week approved in principle a migration to SmartCards and asked member banks to get internal approval for such a move. MasterCard's Canadian board will take up a possible switch to SmartCards this Spring. The Company is also in the final phase of testing with their set-top box at several major companies that place set-top boxes in housing developments, using advanced fiber optics systems. Their set-top box has passed its initial testing and is in its final phase. It will provide the most advanced streaming video with unsurpassed clarity. The Company has tested their set-top box alongside three major manufacturers' boxes. VHSN's box has outperformed all other and is the only box to successfully provide streaming video at a cost effective base. The potential for this box is phenomenal and will be sold aggressively. Industry sales in set-top boxes in the year 2000 are expected to be in the billions. The VHS Network will be aggressively taking its share of this market. "It would appear that our predictions are becoming reality," stated Mr. Elwin Cathcart, CEO and Director of VHS Network, Inc. The new Millennium would be a turnaround for the Company. SOURCE: VHS Network, Inc. CONTACT: James Hall of M. Johnson and Associates, 877-893-8668, for VHS Network, or Elwin D. Cathcart, CEO of VHS Network, 905-795-9139, or E-Mail, Elwin@groupmark.com