To: MakeMoney who wrote (3256 ) 2/22/1999 9:06:00 PM From: P.E. Allen Respond to of 52051
Whats going on at ADEN? Talked to the company this afternoon and several news releases on record bookings and website progress will be announced,includingpaytrac.com Aden Enterprises, Inc. (OTC:ADEN - news) announced today that it has purchased a company which provides credit card collection services for government entities and that its Internet-based travel booking requests are up by roughly 200% in the past 90 days. Aden purchased Indianapolis-based Government Payment Services, Inc. (GPS) for 5 million shares of common stock and notes for approximately $500,000. GPS provides remote credit card payment services for municipal and local government agencies and the bail bond industry in 21 states around the US. In 1998, GPS processed $1.7 million in transactions and has forecasted substantial growth in 1999. GPS currently processes transactions via the telephone but has initiated an Internet-based system for payment. Slated for launch this quarter, the Internet site will be accessed through paytrac.com . Aden purchased GPS from Synergy Media, Inc., a company of which certain board members and officers maintain an interest. Aden Enterprises, Inc. (OTC: ADEN - news) announced today that it has expanded the services it will market to consumers on the Internet to include long distance and local telephone service, electricity and gas service. These services will be offered in certain geographic regions through an agreement with Massachusetts based TelEnergy Inc. telenergy.com Aden Enterprises, Inc. (OTC: ADEN - news) announced today that it has expanded its Internet-based travel services through an Agreement to purchase certain Internet domain names, the addition of several new professionals and the expansion of a business venture for the referral of travel service requests. Under terms of its Internet domain name purchase agreement, the Company will acquire a group of Internet domain names including, cheapfares.to, discountairfare.to, cheapcruises.to and travelauction.to for a combination of stock, warrants and cash. These Internet domain names are currently operational and generate thousands of requests for travel services each day. Under terms of the Agreement, Rene Fidler will enter into a three-year employment agreement with Aden Enterprises, Inc. Ms. Fidler initially studied Astrophysics at Purdue University but redirected her studies to accounting. She has approximately seven years of experience in the travel industry. She worked for American Trans Air and Delta Airlines before opening her own travel agency in 1994. cheapfares.com cheapcruises.to discountairfare.to travelauction.to