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To: mike mulhearn who wrote (465)12/5/1998 12:01:00 AM
From: Greg Jung  Read Replies (1) | Respond to of 1038
 
Yes they collect a cc fee which they keep 24% of (banks get the rest).
I didn't find any further revenue from the emod machines beyond the $175,000. BTW you can already use a credit card at the post office.
Haven't you seen Jerry Seinfeld? There wasn't, as I remember, any
mention of continuing revenue stream from the emods. If you can find
reference to such in their press release or 10k or 10q, please post it. Good night.



To: mike mulhearn who wrote (465)12/5/1998 12:14:00 AM
From: Cameron Lang  Respond to of 1038
 
Mike, I've been following this thread for the past couple of weeks and have read all the posts going back two years. I've even tried to wade through the imbecilic messages on the Yahoo board. I've heard all the rumors, including the rather shaky one about a PR coming out next week.

I know the USPS is accepting credit cards now, but it seems very unlikely that ECHO is involved in these transactions. The only confirmed relationship that ECHO has with the USPS involved the Electronic Money Order Dispenser pilot program, where ECHO helped automate the issuance of money orders at 175 post offices in the greater Dallas area. It is conceivable that the USPS will go regional or even nationwide with this system (certainly fine news for ECHO), but it is almost an impossible leap to assume that ECHO is in on the credit card processing. Unless you know something that the rest of us don't.

Now ECHO's price movement and volume since Thanksgiving are odd indeed; tempting to think that something is up, but let's face it, we just don't have any solid news whatsoever--once again the small retail investor at a disadvantage and in total darkness. Good luck to all.