Bentley Communications Corp. (fka BTLY)

[Rager]

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.



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Contact:
Bentley Communications Corporation
Harry Hargens, 770/471-4944
[e-mail]
Gordon Lee, 310/445-2599
[e-mail]



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Source: Bentley Communications Corporation

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