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To: amadeus who wrote (822)	3/2/1999 9:01:00 AM
From: Kimberly Lee	Read Replies (2) \| Respond to of 13776

XTRA, announcing increase stake in DataBank International to 80%. The intraday chart on late Friday indicated some good news were coming, and markedly increased technical strength yesterday confirmed it. Business Editors, High-Tech Writers SANTA ANA, Calif.--(BUSINESS WIRE)--March 2, 1999--Xtranet Systems, Inc. (OTC BB:XTRA) announces that it has increased its ownership interest in DataBank International S.A. de C.V. from 49% to 80%. Xtranet operates its credit card processing operations in Mexico under DataBank International S.A. de C.V. Xtranet also announces that it is processing credit card transactions in Mexico through the Mexico City branch of one of the world's largest international banks. "We look forward to processing significant transaction volume in Mexico for both the hospitality industry and Internet Merchants," said William L. Shaw, the CEO of Xtranet. "In addition, we anticipate this particular merchant banking relationship to lead to the opening of additional operational offices in other offshore, European and Pacific Rim jurisdictions through branches of this same merchant bank." In addition, Xtranet has recently upgraded its proprietary risk management system whereby it filters and scrubs credit card transactions during the pre-authorization process. As a result, both Xtranet and the merchants utilizing its system will be able to increase the revenue per transaction as a result of reduced charge-backs and fraud. "In the short-term while this improvement may reduce the total dollar amount of transactions processed, it will significantly improve the bottom line for both our company and the merchants that utilize our system, and will in the long-term increase the dollar amount of transactions that we can process," said William L. Shaw. Xtranet is a provider of e-commerce credit-card processing, proprietary risk management services, and stand alone financial processing solutions to Hospitality and Internet Merchants and Offshore Financial Institutions throughout the world. Having begun as a developer of extranet systems, Xtranet has now moved into the front lines of e-commerce by offering proprietary credit card processing services uniquely suited to high volume Hospitality and Internet Merchants worldwide. Within its International Network, Xtranet has operations in the Caribbean, Mexico, and the United States, and will soon be establishing operations in Bermuda, Europe and the United Kingdom. Xtranet projects that it will process over $800,000,000 in total credit card transactions in 1999. The statements discussed in this news release include forward-looking statements that involve a number of risks and uncertainties. These include the company's historical lack of profitability, issues associated with International Transactions, the need to manage its growth, the need to raise funds for operations, and other risks associated with a development stage company. --30--RYG/se* CONTACT: Xtranet Systems, Inc. Investor Relations Lynn Carlson, 714/430-9200 Fax, 714/430-9210 info@xtrasystems.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED BANKING INTERACTIVE/MULTIMEDIA/INTERNET RETAIL MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Mar-02-1999 05:16 GMT Symbols: US;XTRA Source BW Business Wire