Brek Energy's First Ecom Launches Amex Processing Service.Business Editors HONG KONG--(BUSINESS WIRE)--April 17, 2002 Electronic Payment Processing Division of Brek Energy to Offer Amex Processing to Merchants Throughout Asia Brek Energy Corporation (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 : BREK)(BSX BSX Bermuda Stock Exchange BSX Bandai Satellaview-X BSX Bicycle Super-X (Cross) : BREK)(BREK BH), an owner of significant interest in emerging non-conventional energy companies and provider of electronic payment processing solutions, today announced that its wholly owned payment processing subsidiary First Ecom Systems Limited (First Ecom) has launched its American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Card Processing Service for Merchants in Asia. First Ecom now offers American Express (Amex) merchants the ability to accept payment by customers using Amex charge and/or credit cards via the Internet. To ensure a fast, secure and seamless transaction process the First Ecom payment gateway routes Amex transactions directly to the Amex global processing center in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. , USA. "This is an exciting opportunity for First Ecom," said Steve Corbin, President of First Ecom. "Amex is a world recognized name in the charge card and credit card industry, and we are delighted that they have certified First Ecom to be able to process American Express Internet payments for their Merchants in the Asia Pacific region." This service is available immediately in the following countries in the Asia Pacific region: Australia, Bangladesh, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , India, Indonesia, Macau, Malaysia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Pakistan, Peoples Republic of China, Singapore, Taiwan, Thailand, and The Philippines. Mr. Corbin added, "So far there has been a very enthusiastic response from merchants to the Amex Processing Service, and we're confident that this service will prove very popular for merchants throughout Asia." About Brek Energy Corporation Brek Energy Corporation owns significant interests in emerging non-conventional energy companies and assists in building these companies and their assets to their full potential. Brek Energy Corporation, formerly First Ecom.com Inc., also provides electronic payment solutions through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , First Ecom Systems Limited. The Company has a national market listing and its common shares trade on the NASDAQ National Market System under the symbol BREK For more information, visit www.brekenergy.com or contact Brek Energy Corporation at +(852) 2801-5181 or by e-mail at info@brekenergy.com. About First Ecom Systems Limited A wholly owned subsidiary of Brek Energy Corporation, Inc. (NASDAQ: BREK), First Ecom provides banks and financial institutions with universal, secure, cost efficient electronic payment solutions First Ecom is dedicated to delivering its Internet payment processing solution to banks and financial institutions. The Company provides out-sourced Internet payment processing services as well as licensing its technology to financial institutions wishing to deploy in-house solutions. For more information, visit www.firstecom.com or contact First Ecom at +(852) 2801-5181 or by e-mail at info@firstecom.com. Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements include significant risks and uncertainties, actual results may differ materially from those expressed or implied by such 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. . For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those risk factors which could cause actual results to differ from management's expectations. First Ecom expressly disclaims any obligation to update the statements contained herein. Brek Energy Corporation 19th Floor, 80 Gloucester Road Road:
Wan Chai Wan Chai is a metropolitan area situated at the western part of the Wan Chai District in northern Hong Kong Island, in Hong Kong, China. Its boundaries are Canal Road in the east, Arsenal Street in the west and Bowen Road in the south. , Hong Kong +(852) 2801 5181 |
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