InstaPay Systems Inc. Clarifies an Unauthorized Publication by Internet Stock Review Online.Business Editors SAN DIEGO--(BUSINESS WIRE)--Feb. 26, 2003 InstaPay Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IPYS IPYS Instituto Prensa y Sociedad ) announced today, that a statement made on Feb. 10, 2003 by Internet Stock Internet stock The equity security of a company engaged primarily in a business associated with the Internet. Also called dot-com. Review Online, was made without knowledge or approval of the company. It was brought to InstaPay Systems' attention that a company by the name of Internet Stock Review Online, whose parent company is The Internet PR Group Inc., issued a publication, which contained information about InstaPay Systems. They also commented that they spoke with the company and that the company compensated them. InstaPay Systems, its officers, directors and employees did not pay for or authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) this publication and service. We further want to clarify that none of the above mentioned individuals within InstaPay Systems have given any comments or interviews to this publication. In addition, InstaPay Systems has contacted Internet Stock Review Online to request a public correction to their previous statements. InstaPay Systems' filings with the Securities and Exchange Commission, along with press releases issued directly from InstaPay Systems reflect the company's current state of business, which the company supports. InstaPay Systems strongly believe the public should conduct their own research whenever making an investment in the company. About InstaPay Systems Inc. InstaPay's focus is on the implementation of services such as Internet payments via an ATM/debit card from home or office, for funding client's securities brokerage accounts Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. . With InstaPay's system in place, stock brokerage client's funds will be immediately available for trade execution, or any other capital-related brokerage transactions as we implement the payENKRYPT(TM) system to the online securities industry. Once the online securities market is established the company intends to expand its horizons to the entire eCommerce market. For additional information, see www.instapaysystems.com. About Kryptosima Kryptosima was founded in January 2000 to develop new Internet See Web 2.0 and Internet2. payment methods. Kryptosima's founders all have 18 to 30 years experience developing and marketing services, software, and/or hardware for the U.S. banking industry. Their experience has primarily involved credit card processing, ATM-card processing, and home banking. payENKRYPT(TM) is one of Kryptosima's patent-pending services for online payments. For additional information see www.Kryptosima.com. 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. Statements about the company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . |
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