Callmate Acquires Ultra Secure Online Banking Business.Business Editors LEEDS, England--(BUSINESS WIRE)--Nov. 29, 2000 Callmate Telecom International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SAFF SAFF South Australian Farmers' Federation SAFF Self-Adjusting Feed-Forward (amplifier) SAFF Sub-culture Alternatives Freedom Foundation (Leeds, UK) SAFF Sodium Aerosol Filter Fixture SAFF Store and Forward Facsimile ) is pleased to announce that, as part of its ongoing efforts to diversify its business it has acquired 100 percent of the outstanding shares of Webengine Technologies International Inc. and 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. Cyberstation Inc. Webengine's core business is the processing of credit card, 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. , smart card and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business transactions over the Internet to a variety of customers internationally. The company will utilise the Bankengine processing system, which is an ultra secure online payment software and will seek to effectively market the software internationally. The Software's versatility will significantly increase the number of customers and make Callmate's Internet payment solution a more accessible solution for millions of online merchants and customers. In addition to its general robust architecture the Webengine's system adds the additional value of issuing certificates to Bankengine merchants, customers and banks. This in turn will provide additional PK (Public Key Infrastructure) functionality beyond banking and payment processing. These include: HTTPS (1) (HyperText Transport Protocol Secure) The protocol for accessing a secure Web server. Using HTTPS in the URL instead of HTTP directs the message to a secure port number rather than the default Web port number of 80. web server authentication and encryption, HTTPS web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. client encryption, S/MIME See MIME. e-mail signing and encryption, as well as Java Java Script code signing. To Callmate, Webengine represents an opportunity to share in the vast sums of e-commerce revenue currently being experienced internationally. Already, due to unexpected surges in Asian-Pacific e-commerce revenues, Marketer Forrester and Lehman Brothers have forecasted higher revenue numbers in the near future. For year-end, eMarketer has revised its estimates from USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15.4 to 39.4 billion. More aggressively, Forrester Research predicts this year's total e-commerce revenues in the region to reach USD 53.7 billion while Lehman Brothers provides a higher estimate at 69.7 billion USD. Callmate expects to capture a significant portion of these revenues through the payment processing gateways currently being established with Webengine and its partners. Currently, there are Webengine facilities in Australia, Singapore, Malaysia as well as the U.K. and Portugal. Both Germany and Holland are on the horizon as well. A significant number of bank partnerships are to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. shortly. The board of directors of Callmate approved a change of name, from Callmate Telecom International Inc. to Webengine International Inc. Application will also be made to change the symbol. The head office of Webengine International Inc. (Callmate) will be Toronto, Ontario, Canada. Mr. Mahmoud Hashmi, 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 Callmate said, "Overall, both the business and the software system represent a bold step for Callmate and one which should increase revenues sharply. We fully expect that the acquisition of Webengine and subsequent reorganisation of the company will dramatically change the business landscape for Callmate and the inherent shareholder value." ABOUT CALLMATE Callmate is a company in the business of providing high quality telephony based products with a particular focus on the European and Middle-Eastern markets. Currently the company is seeking to broaden its technological focus by acquiring the technology for the provision of seamless, ultra secure, transaction solutions world-wide. Safe Harbour: Certain statements in this 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 harbour created under those sections. All statements, other than statements of fact, included in this release, including without limitations, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. |
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