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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: Nanda who wrote (6711)	7/7/1998 2:43:00 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 8798

Will these guys survive??? 13M float 700K short trading around $1 NASDAQ Stock Monday July 6, 8:15 am Eastern Time Company Press Release SOURCE: InteliData Technologies Corporation InteliData to Provide Turnkey Bill Payment and Home Banking System To Mid-Atlantic Corporate Federal Credit Union HERNDON, Va., July 6 /PRNewswire/ -- InteliData Technologies Corp. (Nasdaq: INTD - news) today announced the purchase of its Interpose(TM) home banking and bill payment processing software by Mid-Atlantic Corporate Federal Credit Union in Middletown, Pa. Mid-Atlantic provides financial services to 1,100 credit unions in Delaware, Pennsylvania, New Jersey, Maryland and Washington, D.C. ''Mid-Atlantic Corporate Federal Credit Union has a proven track record as a key payments services provider for our members,'' said Mid-Atlantic President and CEO Ed Fox. ''By the first quarter of 1999, we will be ready to offer our members access to bill payment, allowing them to branch into a payments arena that they might not have been able to without the Corporate.'' InteliData Chairman Bill Gorog commented, ''We are excited to provide Mid- Atlantic with a complete end-to-end system built from the ground up. To ensure the system is efficient, secure, reliable and scaleable, Interpose will be installed on a new IBM 390 mainframe running under IBM's CICS transaction processing environment.'' InteliData's Interpose software with Payment Warehouse will support electronic bill payment and home banking via the Internet and personal financial management (PFM) software such as Microsoft Money(R), Intuit Quicken(R) and Home Financial Network's Home ATM(TM). InteliData will also deliver processing systems to each of the participating credit unions to transmit information directly to the Mid-Atlantic processing center. About InteliData InteliData, with headquarters in Herndon, Va., is a leading supplier of home banking software to over 20 of the top 100 U.S. financial institutions and financial service providers. The Company's Interpose software provides a popular home banking connectivity software application that runs on the IBM mainframe, taking advantage of the mainframes' unlimited scaleability to service millions of users. For more information, visit the InteliData Web site at www.intelidata.com. ''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to the impact of competitive products, pricing pressure, product demand and market acceptance risks, bank year 2000 compliance issues, reliance on resellers, pace of consumer acceptance of home banking, bank mergers and acquisitions, risk of integration of the Company's technology by large software companies, reliance on key strategic alliances and newly emerging technologies, the on-going viability of the mainframe marketplace and demand for traditional mainframe products, the ability to attract and retain key employees, the availability of cash for growth, product obsolescence, ability to reduce product costs, fluctuations in operating results, ability to continue funding operating losses, delays in development of highly complex products and other risks detailed from time to time in InteliData filings with the Securities and Exchange Commission. These risks could cause the Company's actual results for 1998 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, InteliData. SOURCE: InteliData Technologies Corporation More Quotes and News: Intelidata Technologies Corp (Nasdaq:INTD - news) Related News Categories: banking, computers, software