Bentley Communications Corp. (fka BTLY)

[midas98]

( 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.


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CONTACT: Bentley Communications
Harry Hargens, 770/471-4944 (President)
[e-mail]
or
Securities Compliance Corporation
Michael Roth, 949/417-4610 (President)
[e-mail]

KEYWORD: CALIFORNIA GEORGIA
INDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET MARKETING AGREEMENTS
SOURCE: Bentley Communications

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