Electronic Transactions and Technologies Announces Buy Back of Up to 2 Million Shares of eConnect Stock.LOS ANGELES--(BUSINESS WIRE)--June 11, 1999-- Electronic Transactions and Technologies (ET&T), a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with majority shareholder interest in eConnect (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BETT BETT British Education and Training Technology (UK exhibition) BETT Best Estimate Trajectory Tape ), a fully reporting company, has announced a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program in the open market at prices that the company deems attractive and reasonable commencing Monday, June 14. "There are substantial developments now occuring with strategic partnerships and international partners, and we find it appropriate to begin buying back up to 2 million shares from the market in preparation for the further evolvement of eConnect," stated Thomas S. Hughes, chairman 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 ET&T. ET&T is focused on the incubation, development and marketing of P.E.R.F.E.C.T(TM) (Personal Encrypted Remote Financial Electronic Card Transactions) and to that end founded eConnect to implement the various applications of P.E.R.F.E.C.T, ranging from same-as-cash Internet and non-Internet purchases, bill pay, wagering and donations. |
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