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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (8759)	12/18/2001 10:15:02 AM
From: Sir Auric Goldfinger	Respond to of 19428

This one don't add up at all: "ECTY US: Sells TaxiDispatch License for $500,000 2001-12-14 10:49 (New York) E-CITY SOFTWARE INC ("ECTY-L") - Sells TaxiDispatch License for $500,000 E-City Software, Inc. announced that it had sold its first resale license of its TaxiDispatch product for $500,000. The TaxiDispatch product is a mapping software tool that facilitates identification, tracking, dispatch, navigation and electronic transactions for mobile fleets. The TaxiDispatch application is the first of a number of Dispatch products planned for development over the next 12 to 18 months. E-City Software has developed a core library of 3D mapping, dispatch and vehicle navigation technologies. The Dispatch products that are being derived from these technologies have an application across a wide field of vehicle dispatch environments, fleet and mobile asset management, tracking and navigation. Anis Jessa, CEO of E-City Software, announced "We have spent considerable effort in research and product development in the taxi/dispatch/mobile fleet management environment, including methods of integration for wireless tracking and wireless credit card transactions. This multi billion-dollar market provides one of the most exciting growth areas for E-City products. We would like to also publicly thank Wells Fargo Merchant Services, First Data Corporation and US Wireless Data for their input in the development of the TaxiDispatch product." E-City sold a non-exclusive, perpetual, royalty-free license, including the right to sublicense the TaxiDispatch product to Fog City Taxi, Inc., a San Francisco based taxi company for $500,000. The resale license is restricted to the eight western states where Fog City has distribution relationships. We are pleased that Fog City has chosen our product as its dispatch product of choice." E-City Software, Inc. (OTCBB:ECTY) is a developer of interactive maps for cities around the world. E-City sells its products to customers on the basis of both annual licensing fees and revenue share arrangements. E-City distributes its products directly to its customers, through arrangements with strategic partners and through its network of distributors and value added resellers. For more information about E-City Software or its products, please visit our website at www.ecitysoftware.com. NOTE: Information contained in this press release, other than historical information, should be considered forward-looking in nature and is subject to various risks or uncertainties and assumptions. The risks and uncertainties include, but are not limited to the impact of competitive products and pricing, product demand and market acceptance, reliance on key strategic alliances, fluctuations in operating results, the potential unavailability of financing sources and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. E-City Software assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in factors affecting such forward-looking statements. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. TEL: 877/315-0013 E-City Software, Inc., Greg Kraft TEL: 888/301-6271 Brokers and Analysts Contact: Columbia Financial Group ______________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041. Provider ID: 00000350 -0- Dec/14/2001 15:49 GMT