Robert Kay also involved in eCONnect stock fraud
===================================================
eConnect to Test Implementation of SafeTpay's Instant Cash Credit
Transactions for Internet Stock Brokerage Accounts
Business Wire - September 16, 1999 07:22
LOS ANGELES--(BUSINESS WIRE)--Sept. 16, 1999--eConnect (OTC BB:ECNC) has entered into a strategic alliance with a
stock brokerage firm to Beta test instant cash credit transactions for Internet stock brokerage accounts using ATM cards with PIN.
Delivery of the ePIN devices to a Beta test group is scheduled for October 18.
The transaction will be initiated by the client clicking the SafeTpay button located on the brokerage firm's web site, swiping an ATM
card and entering the bank-assigned PIN utilizing eConnect's ePIN hardware.
SafeTpay is an eConnect service that will enable instant cash credit to the client's new or existing brokerage account. This will enable
the client to have instant cash credit for the purchase of securities. Conversely the brokerage firm will be able to instantly transfer
funds to the client's bank for early or regular settlement. In addition, instant cash credit can be transferred for margin calls and
options.
Upon successful completion of the Beta testing, eConnect will join with the brokerage firm to offer this service to Internet stock
trading firms under the market name of Cash2Trade.com. Support for Cash2Trade will be supplied by SafeTpay. "We will be distributing free ePIN's to a select group of our artauction.com customers. They will then be invited to open their instant
cash brokerage accounts with our partner by simply using their ePIN from home and paying with their ATM cards and PIN. This
service provides a substantial savings for brokerage clients who can now avoid bank wire and overnight courier fees. In addition, the
set up costs for the brokerage firm are greatly reduced," stated an eConnect spokesperson.
About eConnect
eConnect is focused on Internet and other consumers using financial cards and inexpensive equipment from homes, offices, and
mobile locations to make purchases or pay bills. eConnect has developed SafeTpay to enable that service, and has acquired
artauction.com and econbid.com to generate revenues and to act as test sites for SafeTpay. eConnect has developed EzyShop, a
kiosk approach for non-Internet consumers. eConnect has developed the first Linux- based transactional server and a host
processor that will drive these transactions originating from eConnect hardware. eConnect generates a merchant fee per transaction.
Securities Litigation Reform Act of 1995. Management cautions that these statements may include projections and estimates of future
performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these
forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn
in economic conditions, or delays in product development.
CONTACT: eConnect
Carnegie Cooke
Anita Goldberg, 800/262-2331 (Investor Relations)
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
web sites:
www.e-connect.cc
www.ezyshop.cc
==========================================
CASH2TRADE.COM, INC.
Business Entity Information
Status:
Revoked
File Date:
10/6/1999
Type:
Domestic Corporation
Entity Number:
C24699-1999
Qualifying State:
NV
List of Officers Due:
10/31/2008
Managed By:
Expiration Date:
NV Business ID:
NV19991387883
Business License Exp:
Registered Agent Information
Name:
ROBERT B. KAYAddress 1:
7005 VIA BELLA LUNA
Address 2:
City:
LAS VEGAS
State:
NV
Zip Code:
89131
Phone:
Fax:
Mailing Address 1:
Mailing Address 2:
Mailing City:
Mailing State:
Mailing Zip Code:
Agent Type:
Noncommercial Registered Agent
View all business entities under this registered agent
Financial Information
No Par Share Count:
0
Capital Amount:
$ 1,000.00
Par Share Count:
10,000,000.00
Par Share Value:
$ 0.0001
Officers
Include Inactive Officers
Director - FLORINE R KAY
Address 1:
7005 VIA BELLA LUNA
Address 2:
City:
LAS VEGAS
State:
NV
Zip Code:
89131
Country:
Status:
Active
Email:
President - ROBERT B KAY
Address 1:
4510 E THOUSAND OAKS BLVDAddress 2:
City:
WEST LAKE VILLAGE
State:
CA
Zip Code:
91362
Country:
Status:
Active
Email:
Secretary - C J NEWMAN
Address 1:
4510 E THOUSAND OAKS BLVD
Address 2:
City:
WEST LAKE VILLAGE
State:
CA
Zip Code:
91362
Country:
Status:
Active
Email:
Treasurer - C J NEWMAN
Address 1:
4510 E THOUSAND OAKS BLVD
Address 2:
City:
WEST LAKE VILLAGE
State:
CA
Zip Code:
91362
Country:
Status:
Active
Email:
Actions\Amendments
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