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ECHO Completes Y2K Preparedness.

AGOURA HILLS, Calif.--(BUSINESS WIRE)--July 6, 1999--

Electronic Clearing House Inc. (NASDAQ:ECHO) announced that its products and services are now Year 2000 ready.

All programs, including merchant systems, have been modified and successfully tested. Additionally, interface requirements have been successfully completed with Visa, MasterCard, Discover and American Express.

"Since 1994, when ECHO began the Y2K readiness effort, we have conducted extensive analyses and installed new systems to upgrade our capabilities with Year 2000-compliant hardware and software," stated Donald R. Anderson, President Emeritus and Y2K Project Manager. "We are proud of the thorough job completed by our Information Systems and Point-Of-Sale Systems departments and look forward to providing continued service uninterrupted by the threat of the Y2K bug."

"Could we still experience Y2K related problems?" asked Joel M. Barry, CEO of ECHO. "Yes, despite all the testing and hard work, we will still have a full staff ready on Jan. 1, 2000, just in case we need them. We think that is just being prudent."

The information on the status of ECHO's Year 2000 compliance efforts included in this news release is hereby designated as a Year 2000 Readiness Disclosure pursuant to the Year 2000 Information and Readiness Disclosure Act, a U.S. statute enacted in October 1998, and is subject to the protections of the Act.

Electronic Clearing House provides credit card processing, check guarantee, inventory tracking services and various Internet services to more than 19,000 retail merchants and U-Haul dealers across the nation. ECHO also designs, develops and manufactures software and point-of-sale hardware that is utilized as credit card processing terminals, automated money order dispensers, inventory tracking devices and casino cash advance systems.

To take advantage of the new "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, readers are hereby cautioned that this release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Actual operations and results may differ materially from those expressed in the forward-looking statements made by the company.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 6, 1999
Words:337
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