To: Mel Spivak who wrote (240 ) 2/10/1999 12:18:00 AM From: M. Boldo Read Replies (1) | Respond to of 525
Unitransact (UTNS) newly trading issue on the BB that looks very promising. UniTransact Business Solutions, Inc. To Introduce E-commerce Solution SEATTLE--(BUSINESS WIRE)--Feb. 9, 1999--UniTransact Business Solutions, Inc. (OTC BB: UTNS) announced today that it has signed a definitive agreement with Aaex Corporation, in which it will licence the Aaex proprietary E-commerce software solution. The new unitransact.com webpage will include many features encompassing E-commerce, web page hosting, search engine, e-mail services and remote file storage. UniTransact.com serves small and medium sized business customers directly through this web site. Merchants with existing credit card merchant accounts will use the UniTransact E-commerce system to accept purchase information online. Merchants will register and set up online. Those who do not yet have their own web site can, after registering with Unitransact.com, utilize the free web site service. Unitransact.com is set up to automatically create and host a new web site for the merchant. The web site can also be updated with new merchant information online, anytime. Alternatively, merchants with existing web sites can easily adapt their sites to utilize the Unitransact.com E-commerce solution. The total price for somebody using a basic web site is $40.00 US per month with no set up fee. UniTransact's user-friendly turnkey system features a centralized processing design which utilizes state of the art security and eliminates the need for expensive hardware and software purchases by customers wishing to process transactions over the Internet. Merchants only require a computer with dial up access to the Internet in order to utilize the system and accept credit card transactions over the Internet. All information is accepted at a secure central location and the results are distributed securely to customers. This enabling technology allows small and medium sized businesses to conduct E-commerce over the Internet in a secure and cost-effective manner. Small and medium sized companies can now reconfigure their business strategies around this new extremely low-cost electronic commerce solution in order to realize greater profitability. Companies that cannot afford expensive information technology departments and system maintenance can now sell products over the Internet. UniTransact's President Scott Marshall is quoted as saying, ''There are several existing approaches to E-commerce. Some examples include 1) The Enterprise approach, which is a full service software and hardware solution that is geared towards businesses with very large transaction volume. The entry-level price is between $150,000 to $200,000 and expensive manpower is required to maintain these systems, 2) 3rd party clearing houses that perform credit card clearing on behalf of customers with per transaction charges of up to 5%, and 3) Credit card approval companies that issue tokens for credit card transactions that are only usable by other token users and issuers. Until UniTransact, there has not been a flat rate, inexpensive E-commerce solution with unique capabilities to meet the needs of small and medium sized business. UniTransact's E-commerce solution will revolutionize small business sales cycles.'' For further information please contact the Company at 1-888-843-8857 or scottm@unitransact.com or visit the UniTransact Business Solutions Inc. web site at www.unitransact.com. These statements have not been approved nor disapproved by any stock exchange, and may contain forward thinking information that may affect the timeliness and execution of the corporation's business operations and affairs in the future. The statements in this press release are made so within the meaning of section 27A of the securities act of 1933 and section 21E of the Exchange Act of 1934 and are subject to the safe harbour created by these sections. Actual results may differ from UniTransact Business Solutions, Inc.'s expectations Contact: UniTransact Business Solutions Inc., Seattle 1-888-843-8857 scottm@unitransact.com www.unitransact.com.