Bentley Defines Technology and Unique Corporate Strategy at HotStockChat.com.Business Editors LOS ANGELES--(BUSINESS WIRE)--Aug. 8, 2002 Bentley Communications Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY) announced today that CEOs Gordon Lee Gordon Lee may refer to:
Both Bentley and Kryptosima's CEOs were present for the interview that took place on August 7, 2002. Mr. Lee and Mr. Hargens spoke of the company's recent strategic shift in focus, the target market, the Kryptosima acquisition, and growth strategies. "I'd like to take this opportunity to say that I am very pleased with the recent attention that Bentley has received in the numerous trade publications in the stock and Internet arena. I would like to help the public focus on what the company has been doing and show how we are accomplishing our corporate mission," stated Lee, President of Bentley. "First, Bentley made a strategic shift in its business plan, dropping online gaming See gaming. and focusing on payment transactions for the securities industry, by negotiating and signing the Agreement with Gibraltar that brought to the company the actual business plan that Bentley has adopted. In that Agreement Bentley also brought in Ms. Serafino as a part of the management team and as a new member of the Board of Directors as well as Ms. Bragg as a part of the management team. The Gibraltar Agreement is responsible for very strong alliances, contacts, and agreements within the securities industry. "Next Bentley obtained a Gateway Service Agreement with Kryptosima LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and formed a Strategic Alliance with Kryptosima to provide payment transaction services to the Securities Industry. This Agreement gave Bentley a very real advantage in the market by providing Bentley with ATM Network certified See certification. hardware/software and the strong payments management team of Kryptosima. The Kryptosima Agreement supplies the foundation for Bentley's ATM@Home(TM) system that will be used to provide secure transactions via the Internet 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. . "On July 18th the Kryptosima ATM Network certified hardware/software and participation in a major industry consumer acceptance program was featured and discussed in Cardline (www.cardforum.com) and ATM and Debit News. Both of these trade publications lend a very real level of credibility to the company's business focus. We have also been told that further industry trade publications will feature Bentley and Kryptosima. We are eagerly anticipating the articles that will be issued by these very credible publications. "The week of July 22nd Bentley was chosen as `Weekly Stock Pick' by Larry Oakley on his website at www.wallstreetcorner.com and Top 10 Micro Cap Stocks also features Bentley Communications as a Top 10 Micro Cap Stock at www.top10microcapstocks.com. The company paid no compensation for these features and is pleased to see that we are receiving notice in the industry. "On July 31st Bentley announced that it had signed a Letter of Intent to Acquire Kryptosima. The negotiations are ongoing and we feel we're making positive progress toward a final Agreement. We look forward to bringing Mr. Hargens onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard. as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the company and of having him take a seat on the Board of Directors. By Acquiring Kryptosima, Bentley will possess a great management team with solid leadership as well as the ability to market and provide a secure payment transaction gateway for use via the Internet in the securities industry and many other profitable Internet industries. The Acquisition of Kryptosima is just one step in Bentley's plan to integrate a total, secure solution for processing Internet payment transactions. "On August 6th we announced the signing of a Participation Agreement with an online brokerage house. The brokerage has agreed to choose up to 50 of their clients to participate in a `consumer acceptance trial' using the ATM@Home(TM) system to fund their cash accounts via the Internet using the ATM Network. We are currently working with the brokerage firm on a press release that will be sent to the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). for a 10-day review period. Once the review period is complete the release will be issued and the brokerage will be publicly named. "We are continuing to press forward with our plan to integrate a whole program into the company. By starting and staying focused on the brokerage industry we are best able to use our strengths and energies to implement our system in an industry that is both excited to see this technology and will also provide the largest transaction profits for Bentley." About HotStockChat: HotStockChat.com is a media and information company. HotStockChat.com increases exposure for publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the OTCBB, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on and AMEX AMEX See: American Stock Exchange Markets using audio interviews, transcripts of the interviews, profiles, emailings, and news releases. See: www.hotstockchat.com 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 Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. 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 on-line brokerage community. This mission includes the issuance of co-branded debit cards 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. tied to Bentley's unique ATM@Home(TM) system. For additional information, see: www.Bentleyclearing.com About Kryptosima: Kryptosima was founded in January 2000 to develop new Internet See Web 2.0 and Internet2. 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 additional information see: www.Kryptosima.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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