Bentley Drops Online Gaming to Provide New ATM Platform for Online Brokerage.Business Editors / High-Tech Writers Bentley Communications Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY) has just achieved a "first-to-market" advantage in the online brokerage world: real-time ATM/Debit card transactions for funding 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. through Bentley's ATM@HOME(TM) 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. system. "This creates an 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. experience that will not only accelerate the availability of funds, but all money movement to and from the client's account can now be handled solely by the client. This allows the broker the freedom from the typical day-to-day `housekeeping' that wastes as much as 20% of his day," said Gordon Lee Gordon Lee may refer to:
Bentley is pleased to announce this strategic change in our business plan. Due to the enormous legal and political hurdles currently being experienced in the online gaming See gaming. industry, we have taken this opportunity to reorganize the company's plan. Bentley will no longer be pursuing online gaming but will now focus our energy on goals that will enable the company to achieve growth and revenue at a faster pace. "Bentley's system to transfer funds into or out of a member's account using Bentley's ATM@HOME(TM) is now being geared toward transaction-based revenue from the fast growing online financial community. This also opens other avenues for additional revenue for the company in areas requiring real-time debit and credit between home offices and their agents regardless of their location, such as the insurance industry," says Lee. Bentley has now completed the Gibraltar agreements and issued 50,000,000 restricted shares as part of a finance package. An additional finance package has been procured that will allow Bentley the right to repurchase its shares at a later date and at a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: price. With these steps accomplished the company has now acquired the pertinent agreements for the launch of its new business plan. Bentley's focus will now be on the implementation of Instant Cash Payments via an ATM/Debit card from home or office, to or from an online member's account. With Bentley's system in place, the broker's 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. About Bentley Communications Corporation Bentley is negotiating online brokerage and clearing firm agreements in order to promote its reorganized business plan that targets transaction based revenue from the fast growing online brokerage community. This new mission will include the issuance of co-branded debit cards tied to Bentley's unique ATM@HOME(TM) transaction system. For additional information, see: www.bentleyclearing.com. ATM@HOME(TM) is a trademark of Bentley Communications Corp. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. . Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities and Exchange Act of 1934, and are subject to the safe harbor created under those sections. All statements other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company are 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. that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. |
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