Bentley & Kryptosima to Initiate Pilot Program for On-line Brokerage Community.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--July 22, 2002 Bentley Communications Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY) announced today that it has taken further steps in extending its "first-to-market" advantage in providing eCommerce services for on-line brokers by enlisting the participation of a registered securities broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal to complement the recently announced agreement with Kryptosima. Under an agreement announced last week, Bentley and Kryptosima will work together in a strategic alliance to use its services and technologies in support of Bentley's ATM@Home(TM) and to offer these services to the on-line brokerage community. "We are excited with the recent developments at Bentley and about the opportunity to bring our system to the brokerage firms," stated Harry Hargens, President of Kryptosima. "After several years' effort to develop, test, and refine a simple and secure system for use over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , we are positive that the on-line brokerage industry can use the Kryptosima system with confidence since it is fully compliant with all applicable ATM network standards." As reported in recent trade journal articles, Kryptosima is working closely with major ATM networks to introduce the service. For instance, the July 18 edition of ATM & Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. News describes a current pilot by the STAR(R) ATM network involving its own employees and those of participating banks. Bentley is now proceeding with an established, registered NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. member, on-line brokerage firm serving retail customer accounts. The brokerage firm is ready to advance and has enthusiastically agreed to the next phase of Bentley's program, which will involve a test market and inclusion in the pilot program using ATM/Debit w/PIN to fund brokerage accounts Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Gordon Lee Gordon Lee may refer to:
A non-compensated Buy Recommendation as Stock Pick of the Week for Bentley has been issued by Larry Oakley of WallStreetCorner.com and can be seen at www.wallstreetcorner.com. About Bentley Communications Corporation: Bentley's focus is on the implementation of Instant Cash Payments via an ATM/Debit card from home or office to an online members account. With Bentley's system in place, the brokerage client's funds will be immediately available for opening accounts, 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 on-line 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.Bentleyclearing.com Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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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