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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (2237)	2/6/1999 3:25:00 PM
From: whitephosphorus	Read Replies (1) \| Respond to of 52051

ECHO in a nutshell From the Q4 release.... ECHO's Internet settlement services include direct acceptance of transactions over the Internet from a customer, a merchant or an Internet Service Provider (ISP) who serves many merchants. ECHO was one of the first and still one of the few processors who can directly and confidently accept Internet-based credit card transactions and electronically settle all funds distribution for both the customer and merchant without any active involvement by the merchant. READ CAREFULLY THOSE LAST WORDS>>>>>>this is NOT credit card processing in a store. THIS is internet e-commerce like VRSN does for AMZN. VRSN has over a $2BILLION market cap. Also if you read other company filings you would read about the casino cash machine trial. Who knows if it takes. OR if the USPS will buy money order machines. OR if the patent ECHO got for reading serial numbers automatically from documents(do your research) will be commercial. My point: ECHO growing nicely in its basic busines and is actually throwing off positive cash flow(how novel). The market cap is only about $40mm so if ANY of these new initiatives bear fruit, we have a BIG winner.