Digital Commerce International, Inc. Signs Leading Sales and Marketing Organization to Drive Revenues and Market Share.Business Editors SALT LAKE CITY, Utah--(BUSINESS WIRE)--Feb. 23, 2000 Digital Commerce International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :THBK), a global provider of Internet-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , today announced that it has signed a three-year sales and marketing agreement with International Commerce Solutions (ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method. ), a leading provider of sales and marketing services to the credit card processing industry. Digital Commerce International, Inc. (DCI (Display Control Interface) An Intel/Microsoft programming interface for full-motion video and games in Windows. It allowed applications to take advantage of video accelerator features built into the display adapter. ), operating as th@tbank.com, is designed to service the financial needs of merchants and consumers by offering a comprehensive suite of integrated banking and merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or . Under the terms of the agreement, ICS will utilize its experienced sales force, marketing expertise, and overall industry knowledge and relationships to recruit and sign on new merchant accounts for th@tbank.com. New accounts are expected to generate annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. merchant credit card processing volumes in excess of US$ 1 billion by the end of the calendar year 2001. DCI intends to process this volume through Digital Commerce Merchant Services Inc. (DCMS (Digital Content Management System) See DAMS. ), the merchant services arm and wholly-owned subsidiary of DCI. th@tbank.com has also agreed to make En-Cynk Inc., a leading provider of transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and data management services and wholly-owned subsidiary of ICS, its exclusive transaction processing platform and gateway for its newly signed merchants. En-Cynk Inc., through its website at www.encynk.com, allows its merchant clients to access its proprietary virtual terminal that facilitates services such as online real-time credit card processing, accounting and management reporting. This agreement, which reflects the company's aggressive entry into the credit card processing industry, demonstrates th@tbank.com's commitment to growing revenues and market share. Through this partnership, th@tbank.com has gained a strategic partner to assist in quickly developing its core transaction processing operation by building merchant portfolios to whom th@tbank.com could begin marketing its pool of developing products and services. "We are very excited to work with a leading-edge financial services company such as DCI. Their experience and expertise in financial services, business development and strategic planning will make this partnership mutually beneficial. Our sales and marketing experience in the credit card processing industry will quickly help DCI's merchant services division achieve a significant amount of processing volume," said Dominic Tampone, 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 International Commerce Solutions. "The proven organizational strength and marketing experience of ICS in the credit card processing industry will provide us immediately with substantial processing volumes and market share. Moreover, their En-Cynk platform is truly cutting edge, and the synergy created between our two groups creates a fantastic opportunity for everyone involved. This marks a very significant milestone in our company's growth," said Michael Kang, Chairman and CEO of Digital Commerce International, Inc. Digital Commerce International, Inc. is a financial services holding company specializing in a variety of banking and financial services utilizing the Internet as the primary delivery platform. Through its hub-site found at www.thatbank.com, DCI provides its clients with integrated commercial and private banking services, bankcard processing, and merchant services in real time. DCI will continue to identify and commercialize leading edge technologies for new and established markets, while building and improving its array of existing financial services. For more information on the company, please visit the company's web site at www.thatbank.com. 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. Statement under 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: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Digital Commerce International's filings with the Securities & Exchange Commission. |
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