Belco Systems Technologies completes acquisition of Angstrom, including its new secure personal card reader technology.LANGHORNE, Pa.--(BUSINESS WIRE)--Aug. 2, 1996--Belco Systems Technologies Inc. (Symbol: BLCO BLCO Bonnie Light Crude Oil BLCO Brass Locomotive Company ) announced today that it has acquired Angstrom angstrom (ăng`strəm), abbr. Å, unit of length equal to 10−10 meter (0.0000000001 meter); it is used to measure the wavelengths of visible light and of other forms of electromagnetic radiation, such as ultraviolet Corp. of Bensalem, Pa. The company owns patent pending technology which permits secure credit card transactions from any remote location. The personal reader capture transfer technology (PRCTT) has been designed to permit direct contact between the customer and the merchant via telephone line and electronically send appropriate credit card information safely and economically to the seller. Belco has entered into a five (5) year marketing and licensing agreement in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with Luxor Corp. of Bensalem, Pa. to license and market the PRCTT technology. The company anticipates that the licensing and marketing of this technology should begin shortly. BLCO is a diversified diversified (di·verˑ·s licensing and technology company. The company, as previously announced, has a marketing and distribution agreement with Automated Financial Systems Inc. of Clearwater, Fla. to market and distribute ATMs (Automated Teller Machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. ) in the state of Pennsylvania. CONTACT: Belco Systems Technologies, Inc. Lionel Beloyan, 215/702-8712 |
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