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...!
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...!
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
