EyeCashNetworks Announces Joint Venture With Fluid Cash PA, LLC; Fluid Cash Enhances Online Security Solutions With ECNI's BankEyesOnly Cash Pads.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--April 10, 2003 EyeCashNetworks Incorporated (Pink Sheets: ECNI), a leading provider of next-generation e-payment solutions, today announced a joint venture with Fluid Cash PA, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control whereby Fluid Cash will become the exclusive transaction processor for ECNI transactions involving the BankEyesOnlyTM Cash Pads. This agreement builds on an initial order made by Fluid Cash for EyeCashNetwork's proprietary eCashPadsTM valued at $100,000. Commenting on the joint venture agreement, 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 , EyeCashNetwork's Chief Executive Officer said, "The ability to pair our revolutionary eCashPad and unique system for routing online financial card transactions with Fluid Cash's extensive offerings of e-payment solutions opens the door to a tremendous opportunity for future growth. The combined value of our solutions offers the potential to obtain a strong leading position in many untapped markets in need of an all-encompassing method of online security. We are anxious to move forward with Fluid Cash as they have already proven to be a primary source for online security both domestically and internationally." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the joint venture agreement, Fluid Cash will work towards integrating ECNI's BankEyesOnly Cash Pads into its global e-payment system. In addition, Fluid Cash will continue to process transactions for ECNI and its customers. "Our technical team is well underway with the integration of the ECNI eCashPads into the Fluid Cash systems. Initial testing has gone very well," stated Ron St Clair, President of Fluid Cash. He continued, "The synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. created by the product offerings of Fluid Cash and ECNI creates great opportunity potential. With the power of our Transaction Settlement System, the convenience of our On-Line Transaction Systems and the flexibility and security of our smart card and loyalty program offerings coupled with the security and convenience of the ECNI Cash Pads, the potential to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. e-payments is at hand." The agreement with Fluid Cash PA, LLC marks the Company's fourth contract since it has accelerated its sales and marketing efforts for the BankEyesOnly Cash Pads. Management continues to market its unique e-payment solutions to the broad online security industry. 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.eyecashnetworks.com. About Fluid Cash PA LLC: Fluid Cash is focused on secure transaction services. The Fluid Cash product and services suite includes; smart card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. and settlements, secure transaction services, biometric identification Noun 1. biometric identification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or and security, loyalty program services, network and physical security using smart card technology and biometrics The biological identification of a person. Examples are face, iris and retinal patterns, hand geometry and voice. Increasingly built into laptop computers, fingerprint readers have become popular as a secure method for identification. as well as host based (1) A system controlled by a central or main computer. A host-based system typically refers to a hierarchical communications system controlled by a central computer. (2) and card based stored value systems and services. Send inquires to: info@fluidcash.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. You may register to receive EyeCashNetwork's future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at www.kcsa.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion