Bentley To Purchase Proprietary Routing System.Business Editors LOS ANGELES--(BUSINESS WIRE)--June 19, 2002 Bentley Communications (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BTLY) today announced its appended plan to acquire 100% of Gibraltar Clearing, Inc.'s "proprietary routing," which will be coupled with 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 to create 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 be second to none. This will now allow Bentley the capability to move directly into the business of handling brokerage transaction services for the online securities industry. Bentley will issue approximately 50,000,000 shares in a landmark transaction that will provide Bentley with the required funding and pertinent agreements for its deployment in the brokerage industry that will enable both brokers and clients to maintain total control over their accounts in "real time." The use of co-branded debit cards, tied to the client's own brokerage account 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. , affords a convenience similar to what is now experienced with any debit card linked bank account. Plus, there will be the added feature of being able to load and unload To remove a program from memory or take a tape or disk out of its drive. an account anywhere there is a live Internet connection or ATM location. "Gibraltar is pleased with the newly reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. plan with Bentley! This will be accomplished quickly as both companies are now moving together to accelerate the business plan even more aggressively than we previously thought possible," stated Lori Serafino, J.D., President/CEO of Gibraltar Clearing. "This is the more logical step which will now allow Bentley to immediately expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. implementation of Instant Cash Payments made by an ATM/Debit card from home or office, to or from an online brokerage account. With this system in place, the brokers clients' funds are immediately available for opening accounts, trading or any other capital-related brokerage transactions as we apply Bentley's ATM@HOME(TM) system to the online brokerage community." Bentley is proud to announce the appointments of Lori Serafino, J.D., as V.P. of Finance, and Christina Bragg as V.P. of Operations, both of whom have come over from Gibraltar and will head up the new office in Del Mar, California Del Mar is a city in San Diego County, California, United States. The population was 4,389 at the 2000 census. The San Diego County Fair is hosted on the Del Mar Fairgrounds every summer. . About Bentley Communications Corporation: Bentley is negotiating online brokerage and clearing agreements in order to promote its reorganized game 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.bentleyintl.com or www.gibraltarclearing.com. Note: Bentley's ATM@HOME(TM) system and debit cards have the capability to confirm both the age and address of the user. 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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