Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : SHAL -- Ignore unavailable to you. Want to Upgrade?

To: trader14U who wrote (244)	4/15/1999 3:30:00 PM
From: mark fuller	Read Replies (1) \| Respond to of 941

News on SolutionNet..just hit the tape..some people may not realize this news is out Trader14U (to answer your previous question) Thursday April 15, 2:51 pm Eastern Time Company Press Release SolutionNet International Inc. Targets International Banking Community as it Steps Up Marketing for its E-Net--Internet Banking Software MARINA DEL REY, Calif.--(BUSINESS WIRE)--April 15, 1999--V. Suresh, president of SolutionNet International Inc. (OTC BB:SLNN - news), is expecting to capture a significant market share of the corporate Internet banking market over the next three years. SolutionNet is marketing aggressively E-Net--Internet Banking, a state-of-the-art Internet banking solution for corporate and home banking clients in the United States, Singapore, India, Australia and the Middle East. It is also planning to expand marketing operation by establishing its own operation in Europe and Canada and appointing value added distributors in Malaysia, Thailand, Indonesia and Sri Lanka before August 1999. SolutionNet is a development and marketing partner of Oracle (Nasdaq:ORCL - news), Sun Microsystems (Nasdaq:SUNW - news) and Algorithmic Research (AR), a wholly owned subsidiary of Cylink Corp. (Nasdaq:CYLK - news). Its proprietary E-Net--Internet Banking Solution was developed using the Java and Oracle technology that offers versatile balance reporting, payments, foreign exchange and trade finance modules for corporate and home banking customers. The Business Times in Singapore reported on Feb. 26, 1999, ''Said the Oracle Singapore Managing Director Keith Budge: There are not many Singapore companies that have software for the international market. SolutionNet is an example of a Singapore company that has world-class intellectual property.'' Suresh commented: ''E-Net is the only Internet banking system in the world that provides generic interface to various banking back end systems using its proprietary technology tool called Intelligent Data Mapper (IDM). IDM saves more than 80 percent of the implementation time, resulting in huge cost savings to the banks.'' Suresh further commented: ''Security is a major concern for access of banking information over the Internet. E-Net, with 14 levels of highest security including PrivateWire and Smartcard, has resolved all the security issues. Its digital signature feature to achieve non-repudiation is critical in online banking transactions and the RSA base Smartcard provide full privacy and secrecy by keeping the user privacy (private key) out of the reach of hackers.'' SolutionNet International Inc., a recent subsidiary spinout from Sara Hallitex Corp. (OTC BB:SHAL - news), is a public venture banking firm dedicated to acquiring and investing in companies, new technologies or projects that, when fully-developed, can ''spin-out'' as Nasdaq publicly traded companies, providing solid and appreciable long-term portfolio enhancement for its shareholders.