To: afrayem onigwecher who wrote (519 ) 1/24/2003 10:49:47 AM From: StockDung Read Replies (1) | Respond to of 609 WASN'T KCSA ALSO TTRE'S IR AT ONE TIME? eConnect Holdings, Inc. Announces Corporate Name Change to eYCashNetworks Incorporated GLENDALE, Calif., Jan 24, 2003 (BUSINESS WIRE) -- eConnect Holdings, Inc. (OTC: ECNT.PK), a leading provider of next-generation e-payment solutions, announced today that it has changed its corporate name to eYCashNetworks Incorporated, emphasizing the Company's focus to strategically develop the business under the leadership of a new management team. The Company's trading symbol will remain as ECNT. "We are excited to provide our shareholders with a new corporate name that effectively conveys our continued effort to bring a new direction to our business of securing on-line cash transactions. eConnect has long been positioned as a developing leader for the implementation of e-commerce technologies. Now, under new leadership, eYCashNetworks will demonstrate the advanced interest taken by our team to aggressively penetrate the e-commerce security industry and develop our business operationally, financially and strategically in the weeks and months to come," said Mr. Chris Jensen, Chief Executive Officer, of eYCashNetworks. About eYCashNetworks Incorporated: eYCashNetworks Incorporated is focused on delivering next-generation e-payment solutions. The Company develops proprietary hardware, software and transaction-processing services and believes that hardware-originated transactions are the future of Internet commerce and will benefit both the customer and the merchant. For more information, see www.econnectholdings.com. CONTACT: KCSA, New York Todd Fromer/Erika Levy (212) 682-6300 ext. 215/208 tfromer@kcsa.com/elevy@kcsa.com kcsa.com .