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WHAT ABOUT COMMENTS ON BENTLEY THIS WEEK? New CUSSIP # and now a name change -- I think this will be a great stock --- it's just getting started and they will prove to be a leader in the Barter business!! IMO
wtf?
On September 29, 2003, Bentley authorized the issuance of 2,000,000 shares to
Henry Winkler for consulting services. The shares were issued on October 1, 2003
and were valued at $39,000 or $0.0195 per share. This issuance was intended to
be exempt from registration under section 4(2) and/or Regulation D of the
Securities Act of 1933.
at least they keep trying........
InstaPay Systems and Kryptosima Sign Stock for Stock Acquisition Agreement; InstaPay Systems to Acquire 100% of Kryptosima
SAN DIEGO--(BUSINESS WIRE)--Jan. 15, 2003--InstaPay Systems, Inc. (OTCBB:IPYS) announced today that it has signed an Agreement to Acquire 100% of Kryptosima LLC.
The acquisition of Kryptosima provides InstaPay the technology to launch its new plan for Internet payment transactions. Initially, InstaPay will market the technology to fund client's stock brokerage accounts. Kryptosima's technology is a unique, patent-pending platform, which is capable of providing secure payment transaction services for not only the on-line stock brokerage industry but the entire Internet eCommerce market. Acquiring Kryptosima expands InstaPay's market parameters beyond stock brokerages, to the entire eCommerce market. The acquisition should increase InstaPay's revenue and market share potential. eCommerce sales volume exceeded $50 Billion in 2001 and is forecasted by the Boston Consulting Group to have grown 41% in 2002. Kryptosima's technology should provide an opportunity to tap this rapidly growing market.
InstaPay and Kryptosima are in current discussions with stock brokerages, banks and ATM networks to coordinate and initiate the launch of Kryptosima's payENKRYPT system.
"We are very pleased with this transaction," stated Harry Hargens, President of Kryptosima. "The market opportunity for our services is very exciting, and the synergies in combining Kryptosima's technology and InstaPay's management and marketing resources should increase shareholder value."
About InstaPay Systems, Inc.:
InstaPay's focus is on the implementation of Internet payments via an ATM/Debit card from home or office, for transactions requiring a real-time guarantee of funds such as securities purchases. Once the online securities market is established the company intends to expand its horizons to the entire eCommerce market.
For additional information, see: www.instapaysystems.com
About Kryptosima:
Kryptosima was founded in January 2000 to develop new Internet payment methods. Kryptosima's founders all have 20 to 30 years experience developing and marketing services, software, and/or hardware for the US banking industry, with a focus on credit card processing, ATM-card processing, and home banking. payENKRYPT(TM) is Kryptosima's patent-pending service for online payments.
For additional information see: www.Kryptosima.com
Forward-Looking Statements:
Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
CONTACT:
InstaPay
Robert Bragg, 858/847-0139
contact@instapaysystems.com
or
Kryptosima
Harry Hargens, 770/471-4944
harryhargens@kryptosima.com
or
Public Relations
Martin P. Kane, 323/876-6700
martinpkane@earthlink.net
SOURCE: InstaPay Systems, Inc.
Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
01/15/2003 06:00 EASTERN
BTLY -- Bentley Communications Corp.
Com ($.0001)
Company News and Press Releases From Other Sources:
Bentley to Acquire Barter Card Group and Cancel Kryptosima Acquisition
LOS ANGELES, Jan 13, 2003 (BUSINESS WIRE) -- Bentley Communications Corporation (OTCBB:BTLY) announced today that it has chosen to proceed with the acquisitions of Millenium Exchange, Exchange Mall, and three other affiliated companies, and cancel its acquisition of Kryptosima. It will maintain a strategic relationship with Kryptosima and use their technology to automate Barter transactions on the Internet.
"This was a difficult but necessary decision, made to maximize Bentley's opportunities to increase shareholder value," said Gordon Lee, Bentley Director. "As announced in late December, Bentley has signed letters of intent to acquire Exchange Mall and Millennium Exchange. We see strong potential in this significant reorganization of Bentley to pursue the barter market. However, it would have stretched Bentley's resources too thin to absorb and grow both the barter businesses and Kryptosima.
Millennium Exchange and Exchange Mall are already well-established with customers and revenue, while Kryptosima is still a developmental stage company. We therefore felt that if Bentley could not complete all three acquisitions, it was best that we find an amiable way to cancel the acquisition of Kryptosima."
"While we were considering alternatives to acquiring Kryptosima, another party approached us with an offer to purchase Kryptosima, and we concluded that stepping aside to allow them to acquire Kryptosima was the best solution for all involved. This allows Bentley to cancel the Kryptosima acquisition on an amiable basis without any penalty, and focus its resources on growing the various BarterCard companies.
Bentley previously announced an agreement with a reseller who would license the right to be Kryptosima's exclusive sales agent to the online brokerage industry, and has already received $50,000 in cash payments under that agreement. The parties have agreed to dissolve that agreement, with Bentley retaining the cash already received.
Pursuant to this realignment of Bentley's business plans, Lori Serafino and Harry Hargens have resigned all of their positions as officers and directors of Bentley. It is expected that Bentley's board will be reconstituted shortly with Mark Savoy and other directors and management from the BarterCard group of companies. Gordon Lee will act as the sole officer and director in the brief interim period.
Ok Harry, I take your word for it, LOL!
"added Hargens...... We completed a pilot with a network earlier this year, but we caution shareholders not to draw any positive conclusions from that fact"
But Harry.... PULEEEZZZ!!!!! Enough Already with these L.O.I.s!
Peace!
Needless to say, They did also say this.....
to cover their behind, of course, LOL!
NETWORK APPROVALS
The company's business plans as they pertain to the acquisition of Kryptosima assume that ATM networks will grant Kryptosima approval to enable Internet merchants to accept their ATM card brands. There is uncertainty as to when such approvals may be received, and the Company may encounter unanticipated difficulties, delays or expense in obtaining such approvals.
10-QSB Nov 19 2002
Midas-- thanks, I appreciate the kind words....
now, to answer your question, they (Kryptosima/HH/Bentley) never really officially announced the test with STAR, that now, be responsible to announce the failing result.
All they really did was to leak the info to a 2 bit reporter and pumped it on the message boards and, sold on the rumor.
You see, they played this game very cleverly, LOL!
how did the lingus posts get pulled. i didn't do it.
Lingus / cashus, don't bring the RB crap to this board. As I've stated before, I've seen Aristo around for quite awhile now and know him to be only a straight shooter. I'll take his post as fact. Now, the questions that comes to mind, is:
A.) Why didn't Harry tell this information upfront
B.) Why, with the Pr, was this information not released?
Where's the corporate responsibility. Shareholders want CEO's to be forthright, whether it be good or bad news.
I can't believe what I'm reading here, LMAO!!... you guys are not willing to do ONE simple DD and yet when somebody else provides the DD for you, you attack him personally. funny how none of you idiots ever asked why Harry and company have been hiding this very important news from the shareholders while the stock has been taking a nose dive (insiders dumping?) since 2 months ago.
I say it again to you morons who doubt this bad news, contact Julie Saville, VP of STAR, for yourself and get with the program. or, do you want me to post her email addy and phone number for you again?
let me try this again, LMAO!!!!!
From :
"Saville, Julie" <jsaville@star-systems.com>
To :
".............." <............com>
Subject :
RE: Star-system Pilot test
Date :
Mon, 9 Dec 2002 16:30:10 -0500
Reply Reply All Forward Delete Put in Folder...InboxSent
MessagesDraftsTrash Canmisc Printer Friendly Version
You are welcome.
Happy Holidays to you!
Julie Saville
Vice President
Star Systems
619/234-4774
-----Original Message-----
From: ..........[mailto:.................com]
Sent: Monday, December 09, 2002 12:50 PM
To: jsaville@star-systems.com
Subject: RE: Star-system Pilot test
Dear Julie Saville,
Thank you very much for the reply. I appreciate your honest and very clear
answer.
Merry Christmas & Happy Holidays!
.......
>From: "Saville, Julie" <jsaville@star-systems.com>
>To: "........." <...............com>
>Subject: RE: Star-system Pilot test
>Date: Mon, 9 Dec 2002 15:02:01 -0500
>
>Dear .......,
>
>Thank you for your interest in this test. Based upon the pilot
>results,
>the
>STAR network has received concurrence from its financial institution
>advisory committees not to move forward with this technology. Use of a
>home-deployed PIN pad/swipe device for Internet payments will not be
>approved for use in the STAR network, at this point in time.
>
>Thank you.
>
>Julie Saville
>Vice President
>Star Systems
>619/234-4774
>
>
>-----Original Message-----
>From: ......... [mailto:...............com]
>Sent: Monday, December 09, 2002 10:03 AM
>To: jsaville@star-system.com
>Subject: Star-system Pilot test
>
>
>Dear Julie Saville,
>
>I was wondering if you can give me an update/status on the ATM pilot
>test that Star-system has started with "Kryptosima" (Mr. Harry
>Hargens'company).
>
>I read an article last July/August that the pilot test with
>Kryptosima's system to qualify them for ATM over the internet had
>started last summer and
>
>it would take 90 days to finish the test.
>
>Any information you can give me will be greatly appreciated.
>
>
>Best Regards,
>...........
>
>
>
>
>
>"Hope is a good thing, maybe the best of things, and no good thing ever
>dies." --from "Shaw Shank Redemption"
>
>
>
>
>
>
lingus, are you serious or just stupid?
Bentley's STAR ATM Pilot Test Result/Status/Update :
Dear xxxxxx,
Thank you for your interest in this test. Based upon the pilot results, the STAR network has received concurrence from its financial institution advisory committees not to move forward with this technology. Use of a home-deployed PIN pad/swipe device for Internet payments will not be approved for use in the STAR network, at this point in time.
Thank you.
Julie Saville
Vice President
Star Systems
619/234-4774
-----Original Message-----
From: xxxxxxxxxxxxxx [mailto:xxxxxx@xxxxxxx.com]
Sent: Monday, December 09, 2002 10:03 AM
To: jsaville@star-system.com
Subject: Star-system Pilot test
Dear Julie Saville,
I was wondering if you can give me an update/status on the ATM pilot test
that Star-system has started with "Kryptosima" (Mr. Harry Hargens'company).
I read an article last July/August that the pilot test with Kryptosima's system to qualify them for ATM over the internet had started last summer and it would take 90 days to finish the test.
Any information you can give me will be greatly appreciated.
Best Regards,
xxxxxx.
Bentley's Authorized Shares, OS and Float:
500,000,000 shares authorized.
As of November 15, 2002 there were approximately 221,930,764 shares of Common Stock outstanding,
of which approximately 54,852,877 were tradable without restriction under the Securities Act.
source: 10QSB 11/19/02
( BW)(GA-BENTLEY-COMMUNICATIONS)(BTLY) Bentley Signs Letter of Intent to Joint Venture
Business Editors
ATLANTA--(BUSINESS WIRE)--Oct. 28, 2002--Bentley Communications Corporation (OTCBB:BTLY) announced today that it has signed a Letter of Intent with Securities Compliance Corporation to create a Joint Venture California corporation.
The purpose of the joint venture is to validate the application of Kryptosima's payENKRYPT(TM) technology in the securities industry. The results of this Joint Venture are intended to allow Bentley to aggressively market and license the service. Ultimately this Venture should open the way towards placing this technology with the maximum number of securities industry clients. This approach is anticipated to generate revenues for Bentley in the most expeditious and cost effective manner.
This new Joint Venture corporation intends to contract with World Trade Financial Corporation (http://www.worldtradefinancial.com) and Bentley for services and with Securities Compliance Corporation for its implementation efforts regarding numerous regulatory compliance issues and market planning. The resources of these combined entities should allow Bentley's business model to be immediately implemented. This strategic move is to allow Bentley to receive revenues from ATM fees and ultimately share revenues and/or possibly have an equity interest with a securities firm.
"We are pleased to be in discussions in regard to this joint venture. World Trade Financial Corporation has been most receptive to provide their expertise in assisting us in accomplishing our goal of using our technology in a securities brokerage firm," said Harry Hargens, president and CEO of Bentley. "We are also excited to be working with Securities Compliance. Their company brings a great deal of knowledge and experience to the Venture in the area of ensuring companies meet and maintain the necessary standards to be compliant with the various regulatory bodies which monitor the securities industry that Bentley's technology and services will be marketed and licensed to."
About Bentley Communications Corporation:
Bentley's focus is on the implementation of services such as Internet payments via an ATM/Debit card from home or office, and for online trading of securities. In this regard, with Bentley's system in place, it may be possible for the brokerage client's funds to be immediately available for trading, or any other capital-related brokerage transactions using Kryptosima's payENKRYPT(TM) system to the online brokerage community. As previously announced, Kryptosima is becoming a wholly owned subsidiary of Bentley.
Bentley is negotiating online brokerage and clearing firm agreements in order to further its mission that targets transaction based revenue from the fast growing on-line brokerage community. For additional information, see: www.Bentleycommunications.com.
About Kryptosima:
Kryptosima was founded in January 2000 to develop new Internet payment methods. Kryptosima's founders all have 18 to 30 years experience developing and marketing services, software, and/or hardware for the US banking industry. Their experience has primarily involved credit card processing, ATM-card processing, and home banking. payENKRYPT(TM) is one of Kryptosima's patent-pending services for online payments. For further information see: www.Kryptosima.com
Forward-Looking Statements:
Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
--30--jp/sf*
CONTACT: Bentley Communications
Harry Hargens, 770/471-4944 (President)
harryhargens@kryptosima.com
or
Securities Compliance Corporation
Michael Roth, 949/417-4610 (President)
mroth@sccllc.net
KEYWORD: CALIFORNIA GEORGIA
INDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET MARKETING AGREEMENTS
SOURCE: Bentley Communications
Bought in high again? AAAAAACCCCCCCKKKKKK!!!!!
Bentley Completes Management Transition >>
Business Editors
LOS ANGELES--(BUSINESS WIRE)--Oct. 11, 2002--Bentley
Communications Corp. (OTCBB:BTLY) announced today that it has
completed a previously announced management transition.
Harry Hargens, President of Kryptosima, has joined Bentley's board
and assumed the roles of Chairman, President and CEO. Effective
immediately, Gordon Lee has stepped down as Chairman, President and
CEO of Bentley.
"This is the completion of a management transition plan first
announced July 31, as part of our plan to acquire Kryptosima,"
according to Gordon Lee, outgoing Chairman. "And it is part of a
larger strategic plan established this spring, to redirect Bentley
into profitable new areas. For the past 5 months, we have been working
to reposition Bentley as a transaction processing company. Mr. Hargens
brings 20 years of experience in that industry to Bentley, and is the
ideal candidate to lead Bentley's new strategic direction."
"I am grateful to Gordon and Bentley's board and key shareholders
for their confidence in me, and I look forward to this challenge,"
Hargens stated. "Gordon's leadership was essential to establishing
Bentley's new direction, and his day-to-day involvement will be
missed. While he is eager to focus his energies on new challenges
outside of Bentley, he has agreed to remain on Bentley's Board for
now."
"We will now be directing all of our efforts towards Bentley's
acquisition of Kryptosima, which we hope to complete shortly," Hargens
continued.
my guess? soon. it's a tough market. harry can't be pleased.
Bentley Announces New President
Tuesday October 1, 8:08 am ET
LOS ANGELES--(BUSINESS WIRE)--Oct. 1, 2002--Bentley Communications Corporation (OTCBB:BTLY - News) announced today that Harry Hargens will join Bentley effective immediately as President and a member of the Board of Directors. Mr. Hargens brings a wealth of payment industry knowledge to Bentley, with 20+ years' management experience at equipment and service providers to the payments industry including Omron, Verifone, TransNet (now part of Paymentech), HONOR (now part of STAR), and Global Payments.
On August 22, 2002, Bentley signed a definitive agreement to acquire Kryptosima LLC, provider of the patent-pending platform used to provide secure payment transactions for the brokerage industry and other Internet merchants. Bentley plans to use this platform to provide services to the entire e-commerce market. The acquisition agreement provides for Hargens, President of Kryptosima, to also become President of Bentley. Due to current market conditions and various tax considerations, the parties have agreed to renegotiate the terms of the agreement. Accordingly, the agreement did not close today as previously announced. However, Mr. Hargens will assume the role of President and a member of the Board of Directors of Bentley as of today, October 1, 2002.
"I am pleased to accept the position of President of Bentley Communications. We are working diligently to resolve the issues that require the companies to renegotiate the acquisition agreement," stated Hargens.
"Bentley is moving forward with the PayEnkrypt gateway and is excited to bring Mr. Hargens onboard as President. Mr. Hargens' knowledge and experience in the payments industry will greatly benefit Bentley," says Gordon Lee. "I will continue as acting CEO and Chairman of the Board until the company's next quarterly SEC filings are completed. I will subsequently adjust my position with the company in phases, as Mr. Hargens fully takes the reigns. We intend this transition to be completed by or before year's end."
Further, Bentley will change its name to better reflect its new business direction and will apply for listing on the new bulletin board exchange (BBX) later this year.
About Bentley Communications Corporation
Bentley's focus is on the implementation of services such as Internet payments via an ATM/Debit card from home or office, for online trading of securities. With Bentley's system in place, the brokerage client's funds will be immediately available for trading, or any other capital-related brokerage transactions as we apply the ATM@Home(TM) system to the online brokerage community.
Bentley is negotiating online brokerage and clearing firm agreements in order to further its mission that targets transaction-based revenue from the fast growing online brokerage community. This mission includes the issuance of co-branded debit cards tied to Bentley's unique ATM@Home(TM) system. For additional information, see: www.Bentleycommunications.com
Forward-Looking Statements
Certain statements in this news release may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.
--------------------------------------------------------------------------------
Contact:
Bentley Communications Corporation
Harry Hargens, 770/471-4944
harryhargens@kryptosima.com
Gordon Lee, 310/445-2599
lee@bentleyclearing.com
--------------------------------------------------------------------------------
Source: Bentley Communications Corporation
Email this story - Set a News Alert
New Device Reduces Cost for Secure Internet Transactions
Business Editors & High-Tech Writers
LOS ANGELES--(BUSINESS WIRE)--Sept. 26, 2002--Bentley Communications Corporation (OTCBB: BTLY) announced today that Kryptosima, which Bentley is in the process of acquiring, has successfully integrated a new low-cost device for use with their payENKRYPT service, which supports Bentley's ATM@HOME system.
Kryptosima's payENKRYPT service enables Internet merchants to accept PIN'ed ATM card transactions, thereby reducing merchants' transaction fees and exposure to fraud. Bentley is targeting online brokerages as one of several key markets for the service, and will gradually expand its marketing to target all legitimate eCommerce markets, both B2C and B2B.
"We are glad to see Kryptosima continuing to achieve important milestones such as this, to enhance our service offering," stated Gordon Lee, President and CEO of Bentley. "The cost of this new device is 50% lower than previous devices, which will enable us to make it available to merchants for under $20 in large quantities. The availability of such a low cost device greatly expands our business opportunity."
"Customers, prospects, and business partners have told us that they want the freedom to select from a wide variety of reliable, low-cost devices for use with payENKRYPT," added Harry Hargens, President of Kryptosima. "As part of our ongoing effort to certify additional devices, we have just completed successful testing of a PIN pad/card reader manufactured by Qube Electronics Pty. Qube achieved a dramatic price breakthrough with this device by using a custom chip to reduce cost. As a result of this device's lower cost, a much broader range of Internet merchants will be able to profitably deploy devices. We have placed an initial order with Qube so that units will be available for our customers to evaluate."
Kryptosima indicated that it is pleased with its current device vendor and will continue working with them as well. Previously certified devices are high-end units that include magnetic stripe and smart card capability. To minimize cost, this Qube device supports mag stripe only. These two devices are the start of a product family that will offer a broad range of price/features.
Too, as per the announcement of Tuesday, September 24th regarding Virtual Money, Inc., it should be clarified that the deployment of ATM cards via the merchant, to enhance customer loyalty, is an additional profit center for Bentley when "full blown" ATM card programs are in place. Both Bentley and the merchant will share in ongoing transaction fees when the cards are used at participating websites and ATMs worldwide. This in no way interferes with Bentley's use of the individual consumer's own bank issued ATM card with the ATM@HOME system. The private label and co-branded ATM cards are a complimentary addition and a logical way to advance a potential revenue stream while the ATM@HOME consumer acceptance program is in progress.
On another note, Bentley is pleased to announce that once again the company has been featured on Top 10 Micro Cap Stocks and can be seen at http://www.top10microcapstocks.com/comp_list.php?coid=225. Also, Larry Oakley's site, Wallstreetcorner.com has featured the company in its opinion section and can be viewed at http://www.wallstreetcorner.com/new_lop.html.
About Bentley Communications Corporation:
Bentley's initial focus is the implementation of Internet services such as ATM card payments from home or office, for applications such as online purchasing of securities. With Bentley's system, the brokerage client's funds will be immediately available for trading. For more information see www.Bentleyclearing.com.
About Kryptosima:
Kryptosima was founded in January 2000 to develop new Internet payment methods. The founders all have 20+ years' experience developing and marketing services, software, and hardware for the banking industry. payENKRYPT(TM) is one of Kryptosima's patent-pending services for online payments. For more information see www.Kryptosima.com.
About Qube Technology Pty:
Qube has been designing and manufacturing innovative equipment for the banking market for over 15 years. Qube currently sells equipment to banks in Europe and Africa. Its design center and manufacturing are located in South Africa.
Forward-Looking Statements:
Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
--30--MW/la* WAM/la
CONTACT: Bentley Communications
Gordon Lee, 310/445-2599
lee@bentleyclearing.com
or
Kryptosima
Harry Hargens, 770/471-4944 (President)
harryhargens@kryptosima.com
Gerry Gay, 201/447-9190 (VP Sales & Marketing)
gerrygay@kryptosima.com
www.kryptosima.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS E-COMMERCE INTERNET PRODUCT
SOURCE: Bentley Communications Corporation
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
-0- Sep/26/2002 12:01 GMT
Bentley Selects Virtual Money For ATM Card Deployment
Business Editors
LOS ANGELES--(BUSINESS WIRE)--Sept. 24, 2002--Bentley Communications Corp. (OTCBB: BTLY) announced today a reseller agreement with Virtual Money, Inc. to represent Virtual Money with private label and co-branded ATM cards, and various cash card products, for distribution in several markets, including the securities industry. Merchants and members can now use the Virtual Money ATM Card for many purposes including disbursement of funds at lower costs than checks.
The Virtual Money ATM Card enables all of the buying public, even those without bank accounts, to shop in a brick-and-mortar store or on the Internet. The card can be used in gas stations, department stores, supermarkets, and places of entertainment. "According to Visa USA, up to 15 million households in America do not have a bank account," stated Gordon Lee, CEO of Bentley. "This is obviously another niche market that Bentley will soon be addressing. The agreement with Virtual Money is very complimentary to Bentley's business plan. This agreement will expand and accelerate Bentley's ability to produce revenue and give Bentley the opportunity to distribute to their merchant clients co-branded ATM cards for use at both brick-and-mortar and Internet sites."
The card features the security of a PIN and is rechargeable on the Internet or at ATMs worldwide. In addition, the card is recognized for discounted health care services in some optical, pharmaceutical and chiropractic programs, including "Coast-to-Coast Vision Plan," "Neighborhood Pharmacy," and "Doctors of Chiropractic."
The E-merchant will have real-time verification of funds and no risk of charge backs, or holding deposits of 10% or more by the EFT Networks.
The Virtual Money ATM card benefits employers, E-merchants and consumers by simplifying payroll, providing the convenience of PIN-based transactions and eliminating time spent in bank lines or waiting over the weekend to access payroll funds.
About Bentley Communications Corporation:
Bentley's focus is on the implementation of services such as Internet payments via an ATM/Debit card from home or office, for online trading of securities. With Bentley's system in place, the brokerage client's funds will be immediately available for trading, or any other capital-related brokerage transactions as we apply the ATM@Home(TM) system to the online brokerage community.
Bentley is negotiating online brokerage and clearing firm agreements in order to further its mission that targets transaction based revenue from the fast growing on-line brokerage community. This mission includes the issuance of co-branded debit cards tied to Bentley's unique ATM@Home(TM) system. For additional information, see: www.Bentleycommunications.com
About Virtual Money, Inc.
Virtual Money, Inc. is a consolidator of multiple-payment choices for on-line and brick-and-mortar merchants. The Virtual Money(TM) user-interface is a patent-pending, Internet point-of-sale (POS) payment portal. It is the simplest, most comprehensive and least expensive way to access up to 100% of the buying public. For additional information see www.Virtualmoneyinc.com.
About Kryptosima:
Kryptosima was founded in January 2000 to develop new Internet payment methods. Kryptosima's founders all have 18 to 30 years experience developing and marketing services, software, and/or hardware for the US banking industry. Their experience has primarily involved credit card processing, ATM-card processing, and home banking. payENKRYPT(TM) is one of Kryptosima's patent-pending services for online payments. For additional information see: www.Kryptosima.com
Forward-Looking Statements:
Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
--30--tjj/la* wam/la
CONTACT: Bentley Communications Corp.
Gordon Lee, 310/445-2599
lee@bentleycommunications.com
Lori Serafino, 858/847-0139
www.bentleycommunications.com
or
Virtual Money, Inc.
Brian Moore, 817/885-7001
brian.moore@virtualmoneyinc.com
or
Kryptosima
Corporate: Harry Hargens, 770/471-4944
harryhargens@kryptosima.com
Sales: Gerry Gay, 201/447-9190
gerrygay@kryptosima.com
www.kryptosima.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING E-COMMERCE MARKETING AGREEMENTS
SOURCE: Bentley Communications Corp.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
-0- Sep/24/2002 12:02 GMT
BTLY in Larry Oakley column this morning...
http://www.wallstreetcorner.com/new_lop.html
Note -- this is NOT a paid column.
aristo, i hope it was humor because i was laughing my keyster off.
I believe that's for humor and jokes.....
I have had some correspondences with the site owner last spring, he seemed like an incredibly intelligent guy with a great sense of humor. he also used to post on RB as "gang_of_1000" and a few other aliases.
obviously he put a lot of thoughts and energy into that web site too.
there are some real "boiler room" web sites out there to look for real paid bashers, if you be interested, LOL!
Aristo -- re: BTLY chart...
http://www.marketbeasts.com/members/charts/viewchart.cgi?Action=view&Member=spiel2001&Symbol...
The first concern in the chart, recently, was whether or not it was forming a head and shoulders pattern -- a bearish signal. While I'm not "into" chart patterns too much, I tend to believe it is not a head and shoulders as the right shoulder is far too skewed from the left shoulder -- I could be wrong.
At the same time, there's a fair argument that it's forming a double, or possibly tripple depending on your point of view) bottom -- a bullish sign. If I had to pick between the three patterns, I think I would call it a triple bottom.
However, like I said, I'm not much into chart patterns... I'm more inclined to follow the technical indicators. So....
The first feature of note is the accumulation/distribution line which, in spite of the recent retrace has clearly remaind neutral to slight positive accumulation... decidedly not distribution in any case and, therefore, divergant. Keeping in mind that price generally follows accumulation/distrubtion and generally price corrects accordingly, there should be a positive price correction in the works.
Second, note William's %R and Stochaics both oversold while RSI though not exactly "strong" is moving up nicely. Also note the ROC which has hit a trough and turned -- if this wave matches the last, there's at least a week or strong positive price performance ahead. The CMF positive money flow confirms the positive investor bias indicated by these features.
The last feature to note is the bollinger. Price tends to trade band to band in the bollinger. Last Thursday the chart formed a Doji on the lower bollinger (support) and has since formed a white soldier and started an upward move. If that move follows through, price should move to the midline of the bollinger at a minimum (0.125) and most likely will continue its move to the opposite band placing it somewhere around 0.175)
All JMHO of course.
aristo, it is my gut feeling that more will be learned this week regarding how this thing is being put together. i kind of like the way these guys seem to be laying a foundation. there has got to be more than a few transaction fees from a brokerage in the business plan. i admit, we don't know a lot about that plan, but i would rather have these guys tell us what they have done instead of what they intend to do.
Me neither Kevin, But .....
this guy is: http://www.litwick.com/cgi/chart.cgi
I tried to compare BTLY's chart to his list of indicators: http://www.litwick.com/indicators/bullish.html
the best(closest, but not identical) I could find was http://www.litwick.com/indicators/1101.html
he is telling me:
Pattern: Reversal
Trend: Bullish
Reliability: High
But, he could be lying too, LOL!
p.s. are you trying to tell me something?
You do know that we also read between the lines, don't you? LOL!
i'm not much of a chart reader. do they show how the price will react to any news that may be released this week?
Worth asking here too!
Just an Honest Question!
Bentley, World Trade Financial to Move Forward With Consumer Trial
Tuesday September 3, 8:14 am ET
LOS ANGELES--(BUSINESS WIRE)--Sept. 3, 2002--Bentley Communications Corp. (OTCBB:BTLY - News) announced today that World Trade Financial Corporation, a full service broker dealer, registered with the SEC, and a NASD & SIPC member, has agreed to participate in a consumer acceptance trial using Bentley's ATM@Home(TM) system to fund clients' brokerage accounts via the Internet.
As has been previously reported, Bentley is taking steps to begin a consumer acceptance test-market using the ATM@Home(TM) system, which is powered by Kryptosima's proprietary encryption software via their payment gateway service, payENKRYPT(TM). Using this system, a brokerage client will be able to instantly fund their brokerage account from their home or office using their ATM/Debit or check card. World Trade has agreed to choose up to 50 of their clients for participation in the consumer acceptance test-market.
World Trade Financial Corporation is located in La Jolla, California and services retail customer accounts through licensed registered representatives. World Trade's clients consist of international and domestic individuals and institutions/corporations.
"We are excited about the opportunity to have some of our valued clients participate in the consumer acceptance test-market," states Jason Adams, Vice President of World Trade Financial. "We feel this will provide World Trade Financial Corporation with a competitive advantage by offering our clients convenience, time and cost savings."
"Bentley's focus is the niche market of small to mid-sized online broker dealers who are ready to allow their clients the ease, convenience, and cost efficient method of funding their brokerage accounts," said Gordon Lee, President and CEO. "By beginning our consumer acceptance trial with World Trade we are breaking new ground and making available a whole new way for their clients to fund their market accounts instantly. We are presently working with World Trade, Kryptosima, a clearing firm, and bank on the technical, corporate, and logistical items that are necessary to start the trial. We are very excited at Bentley to see our business plan progress in the way that it has."
About World Trade Financial Corporation:
World Trade Financial Corporation is a broker dealer registered with the Securities and Exchange Commission, and a member of the National Association of Securities Dealers, Inc. and Securities Investors Protection Corporation. Our objective is to provide a full range of brokerage services to our clients worldwide. World Trade has gathered a staff of professionals whose extensive backgrounds and experience encompass a wide range of securities activities. World Trade's clients have access to on-line trading as well as broker-assisted trading. To learn more about the company visit their website at: www.worldtradefinancial.com.
About Bentley Communications Corporation:
Bentley's focus is on the implementation of services such as Internet payments via an ATM/Debit card from home or office, for online trading of securities. With Bentley's system in place, the brokerage client's funds will be immediately available for trading, or any other capital-related brokerage transactions as we apply the ATM@Home(TM) system to the online brokerage community.
Bentley is negotiating online brokerage and clearing firm agreements in order to further its mission that targets transaction based revenue from the fast growing on-line brokerage community. For additional information, see: www.Bentleyclearing.com.
About Kryptosima:
Kryptosima was founded in January 2000 to develop new Internet payment methods. Kryptosima's founders all have 18 to 30 years experience developing and marketing services, software, and/or hardware for the US banking industry. Their experience has primarily involved credit card processing, ATM-card processing, and home banking. payENKRYPT(TM) is one of Kryptosima's patent-pending services for online payments. For additional information see: www.Kryptosima.com
Forward-Looking Statements:
Certain statements in this news release may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.
--------------------------------------------------------------------------------
Contact:
Bentley Communications Corporation
Gordon Lee, 310/445-2599
lee@bentleyclearing.com
or
World Trade Financial
Jason Adams, 858/459-8883
wtrade1@san.rr.com
or
Kryptosima
Harry Hargens, 770/471-4944
harryhargens@kryptosima.com
--------------------------------------------------------------------------------
Source: Bentley Communications Corporation
Why I think the BTLY plan can work...
(repost from Raging Bull)
Before I begin, let me make two things absolutely clear...
What I have to say in this post is nothing but my opinion and is founded on nothing but the research I have done and the conclusions I have drawn from it. As the reader, it's your job to take my comments with a grain of salt and recognize them for what they are... just one person's stated opinion! From here you should do your own research to prove or disprove my comments for yourself, draw your own conclusions and then do what is right for you.
Second, Bentley isn't Bentley anymore. I have hesitated of late to call BTLY "Bentley" as it is no longer the same animal. At the same time, I hesitate to call it "Kryptosima" too... it isn't that either. I've found myself using Bentley/Kryptosima as the new entity is a product of their coming together... neither one nor the other. I don't even like to use just the symbol as that leads one to think only of Bentley. But, typing Bentley/Kryptosima is a pain in the butt... so I guess I'll be lazy and use the symbol.
#1 -- Reality Check
No one has to work too hard to find a respectable number of people who will call Gordon Lee a bit too much of a promoter. Probably deservingly. However, I'll be just as quick to say I don't think he's getting a fair shake either.
BTLY has had its problems and failures. Among these were the abandoning of the hosting business and the abandoning of the transaction processing for online gaming.
Well, to start with, I can fully empathize with the hosting thing. I, too, was running an Internet hosting service not too many years ago. The explosion of competition in that market and the bursting of the dot com bubble were devastating. Not to mention a whole slew of other annoyances not worth delving into here. I, like BTLY, chose to abandon that business.
Abandoning transaction processing for online gaming was not a choice BTLY was free to make. That path was forced by the banks and credit card companies. Online gaming was looking mighty attractive for a while there and until the wheel came off, looked like a very profitable direction to go. However, once the use of credit cards to fund gaming was no longer possible, what were the choices left to BTLY?
While success has been an issue, I believe it absurd to pin Gordon and/or BTLY as a scam. IMHO: It's just plain lazy, naive and baseless. This is the real world and real world problems are the source of the company's history.
Whether or not BTLY is a scam is a question that's not too terribly difficult to answer. All that is required is to ask and answer if the events that are transpiring are real. Is BTLY just making noise, or executing? Is Kryptosima real? Is the technology real?
First, we know Kryptosima is real and has real product. We know that Kryptosima at least believes that the technology it has is unique and patentable. They've gone to the time, trouble and expense to apply for patents. It remains to be seen if they get them, but they are none the less patent pending. We are already at something of an advantage as the majority of these penny stock companies do not even have a business.
Second, we know that Kryptosima already has Star Network approval. We might argue about how valuable that is, but it does at least indicate that there's something tangible and real and that there is a path present through which transactions can flow.
Third, we know that BTLY has set up a pilot program with World Trade. We're getting some noise about how good is World Trade, but I believe that completely misses the point. More on that later. What matters here is that a real world test is being deployed… Regardless of the size of the test, it’s a real test.
There's more, but that's a decent start to do a sniff test. Scams are built on hot air... lots of noise and no signal. There's a signal here. While the plan might not work, every business is at risk of failure (regardless of size), there's a huge difference between risk and scam.
#2 -- Past Failures in Debit/PIN deployment
PSEEKer raised some interesting questions this morning and I thank him (her?) for that. It made for some interesting reading and led to me pose some questions which, in the end, led me to derive a bit more faith in BTLY than I had last night.
As I read UTM and NACHA and the various press releases and publications on each, the first question that popped into my mind was why hasn't debit/pin transaction processing made it on-line if UTM (and others) had a "solution" in 1999?
The first thing I noticed, as I read, was that the UTM solution is probably both the easiest, and smallest, part of the overall problem... the problem of ATM transaction processing over the Internet is far larger than just how to get a card swipe into the machine. Heck, one stop at Racetrac for a carton of smokes and some gas proves that swiping a card into a machine is a problem that's long since been solved... ask yourself how many times you've answered the question "ATM or Credit" in the last week.
The problem extends way past swiping the ATM card and getting your PIN input. It has everything to do with deployment... that means getting the devices into the user's hands, yes, but more importantly, it means getting the swipes across the network and to the merchant's bank account while not breaking any of the rules of a card present transaction.
This is where I believe UTM (and some others) have failed. Granted, I need to read more. However, what I've already read leads me easily into realizing the potential roadblocks of the models that have been tried.
The first is the issue of a software solution to a hardware problem (i.e. digital signatures -- not the UTM device). There are two key problems here. First, the digital signature is not a card. It exists as nothing but data and data can be easily copied and/or stolen. One might protect the signature with a keyed PIN of it's own, but keystrokes are just as easily stolen. The digital signature circumvents the entire point of a card present, undeniable, transaction by sidestepping the security of the hardware.
Granted, a digital signature is easier to deploy than a hardware solution. It's even appears less expensive than having to deliver a hardware device when given a cursory look. However, in reality, it is not likely to be less expensive. In part, digital signatures require changes in how the network itself operates. Who pays for that? For that matter, who pays to issue the digital signature?
You can't look to banks to deploy this technology... there isn't enough in it for them. In fact, it could even be argued to be detrimental to the banks. Why? Banks already have ATM/Debit cards and credit cards. Many of the ATM/Debit cards also carry credit card logos and the banks make far more off of a credit card transaction than they do a debit transaction. Replacing the use of credit card transactions over the internet with debit card transactions serves only to displace their credit card business with less profitable transactions. There's no motivation for them to expend their capital resources to implement this sort of system.
As noted and in addition to the above, in order to implement digital signatures (a software solution), the processing network has to be modified end to end. Not a light undertaking and not without its significant capital expense. This includes not only the core networks like STAR, but also the networks that make the merchant connection. In order to justify the expense, there must be enough demand between consumers and the merchants on a given network for the network to make the change and the expected increased revenue from that change expected to offset the cost of the change. This also leads to the larger problem of compatibility between networks as you begin to see two different sets of standards in the marketplace, confusion, incompatibility, etc.
In the end, software solutions while elegant in their simplicity are rife with substantial problems of deployment and implementation.
In passing, hardware only solutions, such as the UTC solution PSEEKer pointed out, solve the problem of getting the card swipe into the PC, but entirely fail to address the rest of the problem. As I've already stated, deployment is about more than getting the swipe... that's the easy part. Perhaps the UTC device has a future, perhaps not. I do not yet know enough about it to comment on it -- Is the device fully compatible with the existing networks? Is the device reliable? What about systems that don’t have floppy disk drives? How expensive is the device? Lots of questions to answer.
#3 -- Playing by the rules
In order to bring card present debit transactions to the internet, a solution has to do two things. 1) It has to abide by the network rules, and, 2) It has to be built around the existing network infrastructure.
Abiding by the rules means the solution has to provide a secure and unarguable evidence of the presence of the card at the time of the transaction. Building around the existing infrastructure means that it works within the confines of the existing debit network system without requiring any alteration to the system.
The first part of this, abiding by the rules, means that the solution can be implemented immediately and reliably with accountability and without the complexity and barriers of redefining the notion of a card present transaction.
The second part means the solution can be deployed immediately without having to create a compatible merchant base. The solution is immediately available to all networks, merchants and institutions. Any entity who can currently handle debit transactions can handle the new market without significant alteration or capital expense.
This is Kryptosima's advantage. The Kryptosima solution is a hardware/infrastructure solution entirely founded in the existing protocols... in theory; any existing debit facility can employ, carry, process and/or accept a swipe through Kryptosima's system. Implementation is not a problem. Application is the only significant barrier.
#4 -- Lack of focus is deadly
This is what I believe to have been at the core of the failure of debit card processing over the internet to gain acceptance to date. On one side of the problem is a merchant who would love to be able to sell their goods and services to people who don’t have credit cards. On the other side of the problem are people who don’t have credit cards that would like to transact business over the internet. The universe of parties on both sides of the problem is huge… the very definition of chaos. It is outright impossible to go about deployment with a piecemeal approach. You can’t randomly throw hardware at consumers and merchants. In order to cost justify deployment, there has to be enough potential near term business for both parties to accept the idea.
You can’t say to a customer: Hey, here’s a cool device you can use to shop with your ATM card online. But, we have no idea how many places will accept your card.
At the same time, you can’t tell merchants, here’s this cool new way to accept payment for your goods and services over the internet. But, we have no clue if there’s anyone who will be able to use it to pay you.
Nor can you tell the networks you have a cool solution that you have neither merchants nor customers out there that will use it.
In order to make the idea work, you have to define a close connection between merchants and customers of sufficient density for it to make fiscal sense. So far, that hasn’t happened.
#5 – The value of a niche market
This brings me to the core of why I personally believe BTLY’s plan can work. In order to develop broad acceptance of debit card processing over the internet, you have to identify a specific application on a manageable scale where there’s a real need and benefit to adding debit transactions to the arsenal of tools. On-line gaming is one of those, and probably could continue to be, but it has problems of its own concerning stigma, legislation, regulations, etc., that make it a somewhat suspect market. On-line investing, however, does not suffer from the same issues of stigma, carries a far more significant time value of money motivator and the reduced cost of funds transfer serves well to offset the overhead of deployment… be the burden on the brokerage or the customer.
Advantages to the investor are reduced cost of funds transfer (wire costs, overnight mail, etc.), greater convenience (no trip to the bank, the post office, etc.) and the time value of money… the transfer is instantaneous permitting a trade right this second… not this afternoon or tomorrow or next week which, in turn, means a perception of fewer lost opportunities. Among the advantages to the brokerage are the fact that they can gain commissions on trades that would have otherwise been lost, offer a service convenience to their customers increasing interest in their brokerage, reduced cost of funding processing (wire fees, processing checks, etc.) and the opportunity of apply today, fund today, trade today convenience to potential new customers. All of these points are debatable to one degree or another and are by no means exhaustive… but I believe they serve to demonstrate a benefit, need and/or advantage constituting a real market. The recent sanction of Ameritrade by the NASD is a case in point that brokerages are willing to go to some remarkable extent to let their cash customers trade.
The key point is that BTLY has identified a real market with a real need that exists on a manageable scale. It is far easier to deploy a solution to one brokerage and its customer base and grow the solution in a well defined and controlled market than to throw a concept at the entire e-commerce community and wait to see if the shotgun blast hits enough meat to make an impact.
#6 – An end to end solution
This is where I think BTLY’s plan excels and builds a realistic future. The overall plan calls for acquiring an interest in or ownership of an on-line brokerage, attaining self clearing status for that brokerage and, ultimately, delivering clearing services to other brokerages. It is this that has led me time and again to point out that I felt people were focusing too much on the ATM swipe as the revenue model for BTLY. In the far distant future, it may well be where the fortunes lay. However, it is clear to me that the ATM swipe can not possibly be profitable in the near term… the number of swipes needed to build a serious revenue stream is not trivial. One brokerage, no matter how large, is not sufficient to generate enough card swipes to make anyone wealthy.
What the business plan does is to shift the card swipe from the meat and potatoes of the revenue model to the role of the carrot on the end of the stick. The company already has the technology to do debit card processing over the internet. It already has a network it can do that through. What the company needs is a market and customers. Acquiring a brokerage gives them both. However, what’s more important is that a brokerage gives the company a revenue stream that is not dependant on how many card swipes are transacted. Even more importantly, acquiring a brokerage gives them access into the investment world at large. Attaining self clearing status for that brokerage, in turn, improves the bottom line adding value to the revenue. If accomplished, the company finds itself with an end to end debit card processing solution with both a market and customers and a revenue stream that is both substantial and entirely independent of the debit processing.
Taking the plan to the next step, attaining approval to clear for other brokerages, then allows the company to bring its end to end solution to any other brokerage who is interested. In effect, creating its own demand. BTLY can offer a brokerage the ability to offer debit transactions to its own customer base, thus increasing BTLY’s card swipe customer base, while also taking on clearing for the new brokerage client… the company increases its revenue stream in two ways simultaneously. If you do the math, you find that revenue grows exponentially with each new brokerage client.
#7 – Solving the problem of deployment
Assuming BTLY executes to the point of clearing for other brokerages, there are two key forces set in motion. First, their own revenue stream is growing to be substantial thereby making it possible to infuse capital into the problem of growing the market for debit transaction processing. Second, they are growing the existing base of potential customers capable of using debit cards to transact e-commerce. For example, supposed that BTLY has taken on clearing for a hundred brokerages, each with a dozen or so brokers, each of whom has a hundred customers… how many customers can now use debit cards for e-commerce? Now, go to web sites that provide non-brokerage services to investors… like data and research sites… and bring them into accepting debit cards for their subscription services and from there continuing to expand into other parallel on-line services. Mind you, it’s just an example and not necessarily the exact plan. I intend it only to demonstrate how this plan can reach a level of critical mass and fiduciary interest where it begins to carry its own weight.
#8 – It isn’t the size of the stick
World Trade has been identified, according to American Banker, as the brokerage BTLY will be operating the pilot program through… and this morning some posters have taken shots at World Trade for various reasons. IMHO: That totally misses most of the point. For one, the first and most important step is to prove the idea. The size of the brokerage is not important in that regard. The idea is to get a real-world look at the model and evaluate it, modify it and improve it as needed. And, frankly, the fewer people you have to involve in that the better, most likely. A small firm will make the cost and complexity of a proof of concept far simpler than trying to do the same thing with someone like RJT… they’re also likely to be more responsive and flexible than a behemoth would be.
Second, BTLY has publicly stated (see http://www.bentleyclearing.com if in doubt) that it seeks to acquire a brokerage. That’s a significant part of the plan. The size of the brokerage they acquire is only relevant as it relates to two things: 1) How much would it cost BTLY to acquire them, and, 2) How much effort would it take to attain self clearing status – Aside from that, the size of the brokerage and its customer base is nearly irrelevant.
For that matter, how advanced the acquired brokerage’s on-line trading technology is doesn’t matter much either. What acquiring the brokerage does is to get BTLY access to the market (as in Wallstreet) in a timely fashion… it’s much easier to acquire someone who’s already in the market than to do it from scratch. The bells and whistles are easily added. Getting approval for self clearing also depends on factors that make a pre-existing brokerage a significant factor in terms of time to execute. Given sufficient age and capital, an existing brokerage, once acquired, could almost immediately be granted self clearing status and, I believe, the association between BTLY and Gibraltar Clearing is not without significance in that regard.
Mind you, I’m not implying World Trade is a target of acquisition for BTLY. I’m simply pointing out that it is an acceptable vehicle to prove the debit card/investor concept and is of the right size, age and state of being to address BTLY’s longer term plans.
In summary…
Speaking for myself, I believe BTLY passes the reality sniff test. The product, technology, market and plan all appear to have real world applicability. There are hurdles, risks and potential hazards that remain. However, I personally believe BTLY has a significant fighting chance of making this work. And, frankly, even if they failed to make debit card processing as common on the internet as credit card transactions, the acquisition of a brokerage and the capacity to clear for other brokerages alone has huge potential for profit. As OTC:BB investments go, I believe BTLY has a real chance to succeed where others have not.
Kev, why's this board so quiet?
a few more pieces fall into place, and this will be very real. no easy task. long odds but i think they are better than seeing the cubs in the world series in my lifetime.
BTLY news....Bentley and Online Brokerage Sign Participation Agreement to
Use ATM@Home
Business Editors & Internet/E-Commerce Writers
LOS ANGELES--(BUSINESS WIRE)--Aug. 6, 2002--Bentley Communications Corp. (OTCBB:BTLY) announced today that it has signed a Participation Agreement with an online registered securities broker-dealer. The broker-dealer will be named once the NASD's standard 10-day review is complete.
The Agreement calls for the online brokerage firm to choose up to 50 of its clients to participate in a "consumer acceptance trial" of ATM Network certified software/hardware that allows the client to transfer funds almost instantaneously into their brokerage accounts. With the Gateway Service Agreement already in place with Kryptosima, Bentley's ATM@Home(TM) system has the ability to place the technology into the hands of the brokerage client for use in funding their cash accounts. The consumer trial will use Kryptosima's Transaction Gateway and pinpads to process the client's transfer of funds via the Internet for the ATM@Home(TM) system.
Both Bentley and Kryptosima agree that in order to expedite bringing the technology to the brokerage industry, Bentley will continue taking steps in the consumer acceptance test-market while the companies are in talks to finalize the Acquisition of Kryptosima, which is expected by the end of August.
"We are excited to have signed an Agreement with the first online brokerage house. Soon we will be able to demonstrate the amazing convenience of the ATM@Home(TM) system to the broker and his clients. This new revenue stream for Bentley will grow dramatically as more and more online clients take advantage of this new convenience," stated Gordon Lee, president of Bentley. "No more bad checks or lost wires to explain," added Lee.
About Bentley Communications Corporation:
Bentley's focus is on the implementation of Instant Cash Payments via an ATM/Debit card from home or office to an online member's account. With Bentley's system in place, the brokerage client's funds will be immediately available for opening accounts, trading or any other capital-related brokerage transactions as we apply the ATM@Home(TM) system to the online brokerage community.
Bentley is negotiating online brokerage and clearing firm agreements in order to further its mission that targets transaction-based revenue from the fast-growing online brokerage community. This mission includes the issuance of co-branded debit cards tied to Bentley's unique ATM@Home(TM) system. For additional information, see www.Bentleyclearing.com.
Forward-Looking Statements:
Certain statements in this news release may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.
--30--SJK/la AMP/la
CONTACT: Bentley Communications Corp.
Gordon Lee, 310/445-2599
lee@bentleyclearing.com
Lori Serafino, 858/847-0139
www.bentleyclearing.com
or
Kryptosima
Harry Hargens, 770/471-4944
harryhargens@kryptosima.com
Gerry Gay, 201/447-9190
gerrygay@kryptosima.com
www.kryptosima.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: INTERNET E-COMMERCE BANKING MARKETING AGREEMENTS
SOURCE: Bentley Communications Corp.
Digging up the news...!
MYBIZ, DID YOU SELL THIS POS PUMP AND DUMPER? I DID. I WOULD DO THE SAME.
BTLY good news...
Bentley to Acquire Kryptosima
Business Editors & E-Commerce Writers
LOS ANGELES--(BUSINESS WIRE)--July 31, 2002--Bentley Communications Corp. (OTCBB:BTLY) announced today that it has signed a Letter of Intent to acquire Kryptosima LLC, a Georgia-based company that is engaged in the business of providing software and online Internet transaction delivery services that enable financial transactions via the Internet using ATM, debit and credit cards.
Kryptosima was launched in January 2000 to develop new Internet payment methods. Kryptosima's payment gateway service, payENKRYPT, is the first system designed to enable ATM card transactions over the Internet.
"Both Bentley and Kryptosima foresee enormous benefits as a result of this acquisition," stated Gordon Lee, President and Chairman of Bentley. "Bentley's main focus, the securities industry, is one of the primary markets for Kryptosima's Internet transaction services. Therefore, there is tremendous synergy in combining the two entities."
"Kryptosima is working diligently with Bentley to bring this acquisition to fruition," concurred Harry Hargens, President of Kryptosima. "The online securities market has the potential to generate very significant transaction revenues for us. We hope to provide an array of complementary services that have significant `value add' and therefore rise above commodity pricing for generic transaction processing. Also, proving our capabilities in this demanding market will provide us with a springboard into other markets with high growth potential."
"As part of this transaction, we are making plans for corporate restructuring at Bentley," added Lee. "Once the definitive agreement to acquire Kryptosima closes, I will step aside as President and CEO of Bentley to allow the position to be filled by Mr. Hargens, who has a solid background in the transaction industry."
About Bentley Communications Corporation
Bentley's focus is on the implementation of services such as Internet payments via an ATM/debit card from home or office, for the online trading of securities. With Bentley's system in place, the brokerage client's funds will be immediately available for trading, or any other capital-related brokerage transactions as we apply the ATM@Home(TM) system to the online brokerage community.
Bentley is negotiating online brokerage and clearing firm agreements in order to further its mission that targets transaction-based revenue from the fast-growing online brokerage community. This mission includes the issuance of co-branded debit cards tied to Bentley's unique ATM@Home(TM) system. For additional information, see www.Bentleyclearing.com.
About Kryptosima
Kryptosima was founded in January 2000 to develop new Internet payment methods. Kryptosima's founders all have 18 to 30 years of experience developing and marketing services, software and/or hardware for the U.S. banking industry. Their experience has primarily involved credit card processing, ATM card processing and home banking. payENKRYPT(TM) is one of Kryptosima's patent-pending services for online payments. For additional information, see www.Kryptosima.com.
Forward-Looking Statements
Certain statements in this news release may constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risk, uncertainties and other factors, which may cause the actual results, performance or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements.
--30--SJK/la WAM/la
CONTACT: Bentley Communications Corp.
Gordon Lee, President, 310/445-2599
lee@bentleyclearing.com
Lori Serafino, Vice President, 858/847-0139
www.bentleyclearing.com
or
Kryptosima
Harry Hargens, President, 770/471-4944 (Corporate)
harryhargens@kryptosima.com
Gerry Gay, VP Sales & Marketing, 201/447-9190 (Sales)
gerrygay@kryptosima.com
www.kryptosima.com
KEYWORD: CALIFORNIA GEORGIA
INDUSTRY KEYWORD: INTERNET E-COMMERCE BANKING MANAGEMENT CHANGES SOFTWARE MERGERS/ACQ
SOURCE: Bentley Communications Corp.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
Here is some additional info to help with your DD.
http://www.cardforum.com/cgi-bin/readstory.pl?story=20020718CLDN235.xml
http://www.bentleyclearing.com/index.html
http://www.bentleyclearing.com/atm.html
http://www.bentleyclearing.com/how.html
http://ragingbull.lycos.com/mboard/boards.cgi?board=BTLY&read=10092
Here's some additional info to help with DD.
http://ragingbull.lycos.com/mboard/boards.cgi?board=BTLY&read=10088
http://ragingbull.lycos.com/mboard/boards.cgi?board=BTLY&read=10009
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to any investment in Bentley. I respectfully refer you to the link below, which contains Bentley’s filings with the United States Securities and Exchange Commission.
http://www.edgar-online.com/lycos/quotecom/search/default.asp?sym=BTLY
BTLY...DD...
Bentley Communications Corporation (OTCBB:BTLY)
As of 07-29-2002
Basic Profile
Business Summary: CURRENT BUSINESS INFORMATION: Bentley Communications Corp. is engaged in providing a new ATM platform for online brokerage. The Company's ATM@HOME(TM) solution allows the client to operate his own brokerage accounts from home or office with a PC and a live Internet connection. The ATM@HOME(TM) service will enable online brokers to accept real-time ATM card payments initiated from their clients'. The Company's focus is on the implementation of Instant Cash Payments via an ATM/Debit card from home or office to an online member's account. With the Company's service, the brokerage clients' funds will be immediately available for opening accounts, trading, or any other capital-related brokerage transactions. This would allow the Company the capability to move directly into the business of handling brokerage transaction services for the online securities industry.
Last Trade: 0.040 Change: 0.003 (+8.108%)
Previous Close: 0.037 Volume: 365,600
Bid: 0.037 Ask: 0.040
Today's Open: 0.037 # of Trades: 35
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Day High: 0.040 Day Low: 0.034
52 Week High: 0.200 52 week Low: 0.020
Market Cap: 2.97M Avg Daily Vol: 474,320
EPS: -0.06 PE Ratio: -0.667
Dividend: N/A Yield: N/A
Quick Chart: 5d/3m/6m/1y/3y
RECENT NEWS See All BTLY News
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07/25/2002 (15:22 ET) Wall Street Corner Covers BTLY - Knobias
07/24/2002 (11:45 ET) BENTLEY COMMUNICATIONS CORP - ATM@HOME Catches Wall Street's Attention - Market News Publishing
07/24/2002 (08:04 ET) Bentley's ATM@HOME Catches Wall Street's Attention - Business Wire
07/22/2002 (09:35 ET) BENTLEY COMMUNICATIONS CORP - Bentley & Kryptosima to Initiate Pilot Program for On-line Brokerage - Community - Market News Publishing
07/22/2002 (08:05 ET) Bentley & Kryptosima to Initiate Pilot Program for On-line Brokerage Community - Business Wire
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found this on another board
By: buyemright7
LOS ANGELES--(BUSINESS WIRE)--July 24, 2002--Bentley
Communications Corp. (OTCBB:BTLY) announced today that Wall Street is
taking notice of Bentley Communications' ATM@HOME(TM) solution, which
allows the client to operate his own brokerage accounts from home or
office with a PC and a live Internet connection.
Bentley is a featured Stock Pick of the Week on WallStreetCorner
and has been selected as one of the Top 10 Micro Cap Stocks in The
Business & Financial Sector.
Bentley is featured as "Larry Oakley's Weekly Stock Pick" at
www.WallStreetCorner.com. Bentley "is a sleeper in my opinion," says
his editorial at WallStreetCorner.
Oakley states: "I really like the direction BTLY is taking. It
recently made a major strategic shift -- from online gaming to
providing a new ATM platform for online brokerage. BTLY's
`first-to-market' advantage is providing eCommerce services for online
brokers. It will use Kryptosima's services & technologies in support
of BTLY's ATM@HOME(TM) service. The ATM@HOME(TM) service will enable
online brokers to accept real-time ATM card payments initiated from
their clients' home or office PCs. Bentley & Kryptosima have a
strategic alliance to offer these services to the online brokerage
community."
Bentley has also been selected as a top 10 micro cap stock / AS
ONE OF THE TOP TEN BUSINESS & FINANCIAL STOCKS. The profile is
available at www.top10microcapstocks.com under the BUSINESS &
FINANCIAL STOCKS section, the complete top 10 list is also available.
"All `houses' that we have contacted are welcoming this program,
which is a multi-billion dollar transaction fee market annually! This
program creates an additional revenue stream for the houses via the
sharing of transaction fees with Bentley every time Bentley's debit
card is used, whether it's for buying stock or buying dinner," states
Gordon Lee, President and CEO of Bentley.
Neither WallStreetCorner nor Top 10 Micro Cap Stocks has received
compensation for their recommendations. ATM@HOME(TM) is a trademark of
Bentley Communications Corp.
payENKRYPT(TM) is a trademark of Kryptosima.
About WallStreetCorner:
www.WallStreetCorner.com was formed three years ago by Larry
Oakley as a venue for his Conservative Speculator newsletter,
published since 1987. WallStreetCorner, including Oakley's "Weekly
Stock Pick," "Opinion," and "Mid-Week Comment" editorial columns, is
now regularly read by investors in 61 countries.
About Top 10 Micro Cap Stocks:
The non-fee-based site ranks Bentley among other nationally known
stocks such as E-LOAN, Inc. and Official Payments Corporation. The
information contained in the publications is carefully compiled based
upon sources that it believes to be reliable. Please refer to
disclaimers as posted at www.top10microcapstocks.com.
About Bentley Communications Corporation:
Bentley's focus is on the implementation of Instant Cash Payments
via an ATM/Debit card from home or office to an online member's
account. With Bentley's system in place, the brokerage clients' funds
will be immediately available for opening accounts, trading, or any
other capital-related brokerage transactions as we apply the
ATM@HOME(TM) system, which incorporates Kryptosima's payENKRYPT(TM)
technology to the online brokerage community.
Bentley is negotiating online brokerage and clearing firm
agreements in order to further its mission that targets transaction
based revenue from the fast growing online brokerage community. This
mission includes the issuance of co-branded debit cards tied to
Bentley's unique ATM@Home(TM) system.
For additional information, see: www.Bentleyclearing.com
About Kryptosima:
payENKRYPT(TM) is a patented technology for online payments.
For additional information see: www.Kryptosima.com
Forward-Looking Statements:
Certain statements in this news release may constitute
"forward-looking" statements within the meaning of Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements
involve risk, uncertainties, and other factors, which may cause the
actual results, performance, or achievement expressed or implied by
such forward-looking statements to differ materially from the
forward-looking statements.
CONTACT: Bentley Communications Corp.
Gordon Lee, President, 310/4452599
lee@bentleyintl.com
Lori Serafino, Vice President,
858/847-0139
www.bentleyclearing.com
or
Kryptosima
Harry Hargens, President, 770/471-4944
harryhargens@kryptosima.com
www.kryptosima.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET SOFTWARE PRODUCT
SOURCE: Bentley Communications Corp.
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