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ConectiSys Grants Exclusive License to Data, Email Billing and Payment Collection for Wireless Meter Technology.


LOS ANGELES--(BUSINESS WIRE)--Feb. 22, 1999--Robert Spigno,President/C.E.O., ConectiSys, Corp. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:CNES CNES Centre National d'Etudes Spatiales (French Space Agency) ) announced that WayDigital.com, Inc. has been granted an exclusive license to display data that will allow consumers to monitor their kilowatt usage 24-hours a day, 365-days a year on the Internet.

The alliance is the latest step in ConectiSys's move to revolutionize the recently deregulated power industry with its new digital meter reading chips. Meters containing these chips can transmit usage information every 15 minutes to a central data warehousing See data warehouse.

data warehousing - data warehouse
 location. From that point, the information will be constantly processed by WayDigital.com, Inc., allowing consumers to view in depth information about their kilowatt usage.

The company believes its digital meter technology will soon level the playing field for small resellers with industry giants such as Edison International (NYSE NYSE

See: New York Stock Exchange
:EIX EIX Electrochemical Ion Exchange
EIX European Internet Exchange
) and Consolidated Edison (NYSE:ED). With the ConectiSys automatic meter reader technology along with the data display/billing and payment web portal sites by WayDigital.com, Inc. significant expenses previously vital to power companies will be eliminated, allowing small companies to rid this overhead to better compete. These companies will no longer have to employ meter readers or spend substantial amounts of capital on billing and payment collection for energy users with an Internet connection. Once the new digital meters have been installed, the ConectiSys-WayDigital.com, Inc. alliance will handle everything, from data collection, email billing and online payment processing, and will even provide on-line target marketing of energy consumers for their energy reseller partners.

Among the free features that will be made available to the mass of Internet consumers will be the option to constantly monitor energy usage, comprehensive usage charts including daily peak usage charts, electronic billing and payment, and online budgeting and analysis software tools. WayDigital.com, Inc. will link to the vast data warehouse of ConectiSys's, providing proprietary content and filling a unique consumer niche in the on-line community. This information gateway will sub license its collected data on a limited basis to web portals seeking to expand their content. Major portals like Yahoo.com (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
:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Excite.com (NASDAQ:XCIT), Lycos.com (NASDAQ:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), InfoSeek.com (NASDAQ:SEEK) and TheGlobe.com (NASDAQ:TGLO TGLO Turbine Generator Lube Oil (submarines) ), compete for their cyber share of virtual viewership by offering services and content that will attract repeat use and viewing of their service. WayDigital.com, Inc., already in formal negotiations with a major web portal seeking this kind of unique and proprietary content, believes it has a repository of information that will one day make even the largest content providers envious.

For individuals interested in receiving more information about ConectiSys, Inc. please visit the companies website at http://www.Conectisys.net For information on WayDigital.com, Inc. please visit http://www.WayDigital.com

This press release may contain forward-looking statements. No explicit or implicit promises are intended herein. Any investment in these designated securities should be considered highly speculative. The Company recommends that any prospective investor consult with his investment advisor Investment Advisor

1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission.

2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and
 or broker prior to investing in the Company's securities. This press release is not intended as a general solicitation for an offer to buy nor an offer to sell securities.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 22, 1999
Words:527
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