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Strategies & Market Trends : Fatty's Donut Shop -- Ignore unavailable to you. Want to Upgrade?

To: CuppyRuppyRue who wrote (4944)	3/14/2000 10:01:00 PM
From: Matt Brown	Read Replies (1) \| Respond to of 5041

Gosh, let me try again.... This it? FM P.S. Not trying to be a jerk or anything, but you havne't shown me a thing...dude. Empire Financial Denies Accord to Use EConnect's Payment System Los Angeles, California, March 14 (Bloomberg) -- Empire Financial Group Inc., a Florida brokerage, denied agreeing to use an electronic payment system developed by eConnect Inc., as the Los Angeles company claimed in a Feb. 28 press release. Yesterday, trading in eConnect was halted for two weeks by the Securities and Exchange Commission, citing questions about the accuracy of the company's public statements. EConnect, which also owns Internet auction sites, soared from 45 cents this year to last week's high of 21 7/8. Company executives didn't return telephone calls seeking comment. The SEC is looking into eConnect's claims to have an alliance with Empire Financial, as well as a license with hand-held computer maker Palm Inc. Empire, in a statement, said it neither reviewed nor approved eConnect's press release. It said it signed a confidentiality agreement with eConnect2Trade.com, a unit of eConnect, along with a letter of intent for negotiation and information exchange. A spokeswoman for Empire said the company doesn't plan to do business with eConnect. A Palm spokeswoman said yesterday the company is unaware of any relationship with eConnect beyond a standard developers agreement available to anyone for downloading from Palm's Web site. The SEC also is examining the amount of revenue the company claims one of its Web sites generated. The halt took effect at 9:30 a.m. and will continue until 11:59 p.m. on March 24. Mar/14/2000 18:31 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.