I nailed it on the charts, hit the bottom, knew the next pump was coming.....and sold early!!!
FM the dumbo
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eConnect's First Group of eCashPads Sent to Consumers Today
SAN PEDRO, Calif., Jan 2, 2001 /PRNewswire via COMTEX/ -- eConnect (OTC Bulletin Board: ECNC) announced today that the first group of its eCashPads was shipped today to a limited number of consumers at 4:30 p.m. (PDT).
Software installation programs for these eCashPads will be placed at www.econnectholdings.com (http://www.econnectholdings.com) under a new section titled "software downloads". This software will support Win95/Win98 with the first release, with an update to provide support for WinME/Win2K soon after.
ATM card with PIN entered same as cash Internet transactions on line debit support is dependent on Regional ATM card network trials that are expected to begin in the first quarter of 2001.
The next shipment of eCashPads is scheduled to arrive in mid-January at NDFC where they will be immediately injected with a Master Session Key and then shipped to a growing list of eCashPad consumers. The reason for the limited shipment approach is the test of robustness for eCashPad tech support, product support and customer service support.
The eConnect eCashPad sells for $59.95 and enables the Internet consumer to prevent financial card data from being seen or stored at the web merchant's site, and will also enable instant cash ATM card with PIN Internet payments between countries such as the United States and the Caribbean and Latin America, which will be supported by the eConnect USA and the eConnect Caribbean S.A Hosts, to be later followed by the eConnect Ireland and eConnect China hosts.
Safe Harbor
This press release contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of the safe-harbor provisions of federal securities laws. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statement.
Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as future market and economic conditions, the behavior of other market participants and the actions of government regulators.
These risk factors are detailed in eConnect's publicly filed reports. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. eConnect does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials.
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