EyeCashNetworks Announces Corporate Update.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--March 5, 2003 New Management Team Updates Investors on Stock Dividend and New Contract Issues EyeCashNetworks Incorporated (Pink Sheets: ECNI), a leading provider of next-generation e-payment solutions, announced today that the Company is updating investors on the Company's current business position and various business initiatives set forth by the newly organized management team. Chris Jensen Chris Jensen (born October 28, 1963 in Fort St. John, British Columbia) is a retired NHLer. He played for the New York Rangers and Philadelphia Flyers. External links Chris Jensen's career stats at The Internet Hockey Database , Chief Executive Officer of EyeCashNetworks, stated, "We have been committed to refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar and redeveloping our business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and getting our network up and running since the new management team took over in September 2002. Now that we have established a new infrastructure, we can focus on generating new business and returning shareholder value to our investors. We are currently in discussions with a number of customers for several new eCashPad contracts and expect to announce the details to investors over the next few weeks. In addition, we are in final negotiations with a number of organizations regarding marketing and sales agreements." The Company noted that it has already reserved 45 million shares in order to honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. the 5% shareholder dividend announced in July 2002. There are currently 234,715,587 shares outstanding, of which 48,468,457 are restructured shares. Plans to issue an SB-2 filing have been made in order to register and distribute the shares to EyeCashNetworks shareholders of record as of the close of business on July 23, 2002. About EyeCashNetworks Incorporated: EyeCashNetworks Incorporated is focused on delivering next-generation e-payment solutions. The Company develops proprietary hardware, software and transaction-processing services and believes that hardware-originated transactions are the future of Internet commerce and will benefit both the customer and the merchant. For more information, see www.econnectholdings.com. Certain statements in this news 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 Exchange Act of 1934, and are subject to the 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. created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide Web site at www.kcsa.com. |
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