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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (12730)	1/15/1999 9:51:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

Ken, I got my ECHO Annual Report in the mail today. I know there is much more to ECHO then the pending deal with the USPS but that seems to be what most are talking about heres what they say in the report: An electronic money order device (EMOD) and system software were developed for the USPS pilot program, and have been successfully deployed to the entire Dallas region. The pilot program combines CBC-designed and manufactured hardware with ECHOs custom software solutions. EMOD expedites the issuance of money orders at USPS offices while providing for centralized and local accounting controls. The pilot program has been extended and expanded. New software enhancements have been requested by the USPS and are due to be completed in the second fiscal quarter of 1999. After full testing of the enhanced software has been completed in the latter part of 1999, the USPS will decide on whether to adopt the service nationwide. The Shareholders annual meeting will be February 4, 1999 Of the items up for shareholder vote one is to consider and act upon a proposal to increase the authorized common stock of the company from 26,000,000 shares to 36,000,000 shares.(The purpose of this proposed amendment is to enable the Company to have sufficient shares, as required, to consider merchant portfolio acquisitions, to consider related business acquisitions, to raise capital through a stock offering, to provide underlying shares for options, and for other corporate purposes). Another item up for vote is to amend the incentive stock option plan. I didn't think you got the Annual Report because I think last time you were a shareholder it was only for about an hour, but I could be wrong<g> Joe