Xethos Forms ATTM Cards Europe Limited.Business & High-Tech Editors SOUTHAMPTON, England--(BUSINESS WIRE)--June 20, 2000 Xethos Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GARD)(www.xethos.com), the European-based company specializing in products and services enabling e-commerce applications, today announced that it has formed a wholly-owned subsidiary, ATTM ATTM At This Time ATTM Ammonium tetrathiomolybdate ATTM AT&T Mobile ATTM Alt.toys.transformers.moderated (newsgroup) ATTM American Telephone and Telegraph Microelectronics Cards Europe Limited (ACE), to launch and manage the rollout of ATTM card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. throughout Europe. The company will provide all support-related services in Europe, such as multi-language customer management and marketing support for third-party sales channels, as well as direct sales and marketing of the ATTM Card developed by World Innovation Netcomm Services (WINS). Xethos Group's Chief Executive Officer, Colin Gervaise-Brazier, commented, "ACE will provide in-country support for European ATTM customers and will work closely with WINS' central functions in the USA. There is a tremendous market in Europe for the ATTM Card and we are poised to introduce and market it to consumers and businesses across Europe." About ATTM Card Technology ATTM technology is licensed from World Innovation Netcomm Services (WINS) and Xethos has an exclusive license for the technology in Europe, as well as a worldwide license for e-commerce applications. The technology provides users with a pre-paid card for both debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. and phone card use. It provides greater benefits than traditional credit or debit cards used in Internet purchases for both merchants and consumers. About Xethos Group, Inc. Xethos Group, Inc. is dedicated to bringing to market products and services that enable, facilitate and enhance the use of e-commerce. Through investment and collaboration with companies in this field, Xethos is focused on increasing the productivity and the profitability of e-commerce for businesses and consumers alike. 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. Act Disclaimer (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts 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. within the meaning of 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. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements. |
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