Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=25454 Xtranet Systems Inc. OTC BB:(XTRA) "Xtranet is a premier provider of credit-card processing and risk management services, and stand alone financial processing solutions to 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 Internet Merchants worldwide. Currently Xtranet is processing in excess of $25,000,000 in credit card transactions per month for its family of onshore and offshore banks. The DataBank Network has operations in the Caribbean, Mexico, three offices in the United States, and will soon be establishing DataBank offices in Europe and the United Kingdom. In the third quarter of 1998, Xtranet processed $26,312,781 in Internet Merchant credit card transactions, which is in line with projected growth for the Company. In the fourth quarter of 1998, total credit card processing increased 200% to $78,942,299 for 256 merchants, and produced $485,552 in gross operating revenues. Operating revenues should increase in the near future as systems integrations and start-up costs decrease. Xtranet will continue to expand its list of Internet Merchants, and continue to expand its gross credit-card processing volume. Most importantly, with the continuing development of the Xtranet risk management system, both their Internet merchants and the Company will continue to earn increasing revenue on each processing dollar. Also, as the operations from the four new Databanks come online, and new Databanks, financial institutions and merchants are added to the Network, the Company should experience even faster growth. Company Profile: Xtranet is the creator, developer, and producer of online Internet-based extranet systems and service applications. Through its DataBank International Network, Xtranet is a provider of credit card processing, e-commerce risk management services, and stand alone financial processing systems, to offshore financial institutions and Internet, and other Merchants. Each DataBankTM maintains a local relationship with a local financial institution and local Internet and other Merchants. Xtranet licenses its credit card processing systems and proprietary e-commerce risk management services to each Databank, and may also own a minority interest in each Databank. Specifics regarding the two main components of the Xtranet structure are: - Through the DataBank International Network, Xtranet targets Internet Merchants, and other Merchants that require state of the art credit card processing and risk management services for high volume e-commerce through offshore Banks that previously were shut out of earning fees from credit card processing. Xtranet offers secure solution for electronic e-commerce transactions over the Internet. Banks in the Caribbean, Latin America, and the Mediterranean have a strong desire to ente...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=2545438013210