Belco Systems makes announcement.LANGHORNE, Pa.--(BUSINESS WIRE)--March 3, 1997--Belco Systems Technologies, Inc. (Symbol: BLCO BLCO Bonnie Light Crude Oil BLCO Brass Locomotive Company ) and Iron Holdings Corp. announced today that they have mutually agreed to not enter into an exclusive License Agreement, as previously announced. "Belco is currently exploring many other opportunities to market its personal reader capture technology ("PRCTT")," said Lionel Beloyan, Chairman of the Board of Belco Systems Technologies, Inc. Belco Systems owns patent pending technology which permits secure credit card transactions from any remote location. Belco's (PRCTT) has been designed to permit direct communication between a customer and merchant via a telephone line while it electronically sends appropriate credit card information safely and economically to the merchant. Belco Systems Technologies, Inc. is a diversified diversified (di·verˑ·s licensing and technology company. The Company has a marketing agreement with Luxor Corp. of Bensalem, Pennsylvania to license and market the PRCTT technology 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. . The Company also has a marketing and distribution agreement with Automated Financial Systems, Inc. of Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. 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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