Digital Commerce International, Inc. Signs Letter of Intent with iShopper Internet Services, Inc.SALT LAKE CITY--(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. , announced today that it has entered into a Letter of Intent with iShopper Internet Services, an online mall e-commerce provider and subsidiary of IHPR IHPR Institute of Health Promotion Research IHPR Insect Host Plant Resistance , Inc. (OTCBB:IHPR). Under the terms of the letter of intent, 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, will provide merchant credit card processing services to iShopper on an exclusive basis. DCI will also provide iShopper's qualified Internet merchants with merchant accounts and credit card processing at rates equal to those currently provided by other financial institutions. Through its 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 arm and wholly-owned subsidiary, Digital Commerce Merchant Services Inc. (DCMS (Digital Content Management System) See DAMS. ), DCI will arrange for authorization of merchant account applications and online activation within 48 hours of approval. Under the agreement, DCI will gain access to iShopper's portfolio of approximately 2,000 merchants. "We are excited about our relationship with th@tbank.com. This will allow us to rapidly expand our e-commerce capabilities," said Douglas S. Hackett, President and 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 IHPR, Inc. "This agreement reaffirms our commitment to provide a solid foundation on which we can build a merchant services operation. iShopper's extensive e-commerce expertise, knowledge and established relationships make them an ideal partner," said Patrick Grove, CEO of Digital Commerce Merchant Services Inc. About iShopper Internet Services iShopper.com, Inc. is an electronic commerce provider that specializes in the creation and hosting of highly effective Internet-based commerce sites to small and medium sized businesses. The iShopper.com site is a simple shopping, purchasing, and business commerce alternative to traditional brick and mortar See bricks and mortar. services. iShopper services include low-cost commerce solutions for businesses that would not normally have those resources to create an e-commerce solution. The iShopper portal is specifically oriented to purchasers buying online. Individual consumers can access the iShopper portal and find information about any and all products for iShopper hosted sites, as well as how to create sites and access various resources to facilitate electronic commerce. For more information on the company, please visit its web site at www.ishopper.com. About 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 its 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: This statements contained herein which are not historical fact are forward-looking statements that are subjected to risks and uncertainties that could cause actual results to differ materially form 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. Note to Editors: The company name th@tbank.com is not an email address, although it may appear as a hyperlink in some systems. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion