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All: The company's name is ATC Capital (ATCX-OTCBB). It has approximately 16 million shares outstanding. Only 900,000 in the float, 300,000 of which are in "strong hands". The stock closed today at $4.25 - $5.00 and has basically traded by appointment only. IMO this is about to change. In the middle of June the company filed an 8-K with the SEC, (8-K is on the EDGAR Database SEC Homepage), whereby it has acquired the worldwide licensing rights to a software product called "PaySafe". Here is a narrative produced by the company explaining what "PaySafe" is: PAYSAFE - "The safeway to pay on the Net" The internet is potentially the biggest marketplace in the world. It is estimated that by the year 2000 there will be in excess of $100 Billion US. sales transacted on the Internet worldwide. There is currently enormous market potential for a product that can facilitate the instantaneous secure buying and selling of goods and services in the largest marketplace on earth. The PAYSAFE product is the first such product developed for internet USERS in the world. PAYSAFE will be the first such product to market. The PAYSAFE product is something that every single Internet USER in the world will one day take advantage of, require, and use. On-line USERS now have the ability to conduct secure instantaneous electronic commercial transactions on the Net, to pay for goods and services and for that payment to be deducted from their every-day Bank or Credit Card Accounts immediately, and for the merchant to receive those payments instantly. Even the fastest Internet commercial transactions today still have an element of human intervention. PAYSAFE offers a true instantaneous electronic interface between the Internet and banking world. PAYSAFE can Debit and Credit real dollars and cents between Credit Cards, Savings accounts, Cheque accounts, Debit Cards, and any other banking instrument, in a little under 12 seconds. Most companies are attempting to develop their own financial systems, e-money, e-cash, digi-cash, and the like. PAYSAFES approach was not to attempt to create a new monetary system, but rather to develop a truly digital electronic technology that utilizes the biggest, most diversifies, and most popular financial infrastructure in history, the current Banking system. PAYSAFE has developed and implemented its own proprietary high Security Electronic Transfer Protocol.The heart of this protocol is the most secure Internet Banking Transaction Encryption Algorithm in the world today. The product was actually developed with a 4096 key bit algorithm. However, in todays mass market desktop computer processing world, this encryption would be much to strong for public release, therefore the product will go to market with a 2048 algorithm. Still by far the strongest most secure product on the market. Netscapes secure server currently operates on a 128 bit encryption code. PAYSAFE has many other built in hardware and software security design features and measures that will offer the general public the most secure Internet environment to perform transactions using confidential banking and personal information. PAYSAFE will interface with all major web browsers currently on the market using a standard live IP hypertext connection to the internet. It will act simply as a plug in module making it easy to access and its operation seamless within products such as Netscape. PAYSAFES Internet electronic banking system will work in every major country on earth. It will lead the world in Internet Banking security and flexibility. There are four distinct revenue sources. Sale of Software. Transaction fees. Advertising. Electronic banking. Here is the Marketing Plan... Decimate the opposition products by compromising their security and highlighting the weakness of their encryption using the press. Many of the high profile algorithms in the market have been broken already by our encryption experts. Promote our product with a $1 MILLION US to anyone that can break our encryption system. This campaign should attract just about every single Internet user in the world, letalone every media organization. The feature for PAYSAFE for this promotion is that Internet users will not be able to log onto our computer systems and Web pages unless they download the product. The beneficial public perception of this marketing campaign, will be the fact that the world would be convinced of the security of The Internet if they use PAYSAFE. The desired effect of this marketing campaign is to reach such a point of awareness and product dominance, that a standard upon which everyone else will have to use or follow, wiull have been created. Distribution of the product will be via the Internet, and will be given away to Internet users free of charge until such time as we have market saturation and penetration or until the product has total dominance and the AInternet world comes to accept the product and the process of live financial transactions over the Internet. If the marketing and promotional campaign is effective, almost evry user of the Internet interested in performing commercial transactions over the Internet will have PAYSAFE downloaded on their individual computers. It will be the only product on their computer for conducting instantaneous Secure Automated Financial Exchange, and therefore, it will be the product of choice and convenience when there is a need to pay for goods and services. PAYSAFE will become the equivilent of an electronic bank and clearing house in each major centre throughout the world. PAYSAFE will be the product of choice when users wish to conduct instant debit and credit banking transactions safely and quickly over the Internet. PAYSAFE will be the single product that will enable the commercialization of the Internet. PAYSAFE is the most exciting product to be launched on the Internet since Netscape! (end of article) There you have it. The way that I look at it is IF any of this is somewhat true the stock could be an absolute Home Run. Here is some of the homework that I have been able to do.... The stock comes from a VERY credible source with over 40+ years on the street. His company will be "exposing" this deal in the very near term. This source has done all types of due diligence to check out the validity of the company's claims. They sent an ex-Motorola programmer big in US Govt. security to check out the software. This individual was responsible for solving US intellegience concerns for Motorola in the encryption arena. His comments were that there is "no doubt in my mind that the code CANNOT be broken". My source also pointed out that Goldman Sachs recently did a 32 million share offering for a company called CheckPoint. CheckPoint is the closest company that does what ATCX does except 3 major differences: 1) their program does not have adequete security, 2) no debit/credit transaction, 3) not available on universal sites. GSCO gave this company a $600 million valuation! A KEY event was recently completed that is going to set the ball in motion. A $2 million private placement at $5.00 per share was completed to facilitate the setup of offices and to fund the $1 million challenge. The fact that the placement was done at $5.00 speaks volumes. Next week in New York a group of very influential investors will be meeting with ATCX CEO/Pres Dennis Charter to hear the full story. The "program" is suppose to start in the next few weeks with the initiation of the $1 million challenge. Rumor also has it that a very large PC manufacturer has committed to the program. In closing, this stock is HIGHLY SPECULATIVE. ATCX is basically a shell that is having this software asset backed into it. IF everything is above board, and I am of the opinion that it is, this thing could be a big time winner. My source is VERY reputible and has no reason to give me false information. With only 600,000 shares in the actual trading float, what can this stock do if it is for real? GSCO gave CheckPoint a $600 million valuation for a supposive lesser product. What type of valuation will this stock merit if it is for real? 16 million shares out. It already has a HIGH marketcap for basically a shell. BUT if its real, it will roll BIG time. I have used my SPECULATIVE MONEY to buy this stock. I have bought 7000 shares between $4.75 - $5.00. This post is for information purposes only. It is not a solicitation to Buy or Sell the said security. John | ||||||||||||
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