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   Microcap & Penny StocksDD Central on ECNC (formerly BETT)


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To: SCOOBEY-DO who wrote (257)9/1/1999 9:20:00 AM
From: SCOOBEY-DO
   of 266
 
To: Ms.Penny (1900 )
From: DaiTN Wednesday, Sep 1 1999 12:30AM ET
Reply # of 1912

Ms. Penny,

Sorry to bring you bad news, but the deadline for the free incentive shares was over by June 30, 99. Back in June, A Canadian Brokerage firm (Thompson Kiernagan) who borrowed the stocks in the street name and shorted them through a Dallas Market Maker (WDCO). ECNC were set up by an investment firm from NYC (Millenium Ventures)who collaborated with the Canadian firm to manipulate our stocks in a "bear pool".

In order to stop the downward pressure and to dry up the floats from CEDE, Tom announced an incentive to all shareholders who would remove shares from street name into registered certificates. For those who were able to remove the shares from the street name, they will have to hang on to the certificate until Sept 01, 99 to receive an incentive dividend of 5% (if a shareholder removed 100 shares into registered certificate, he/she has to send in the certificate to ECNC in exchange for a new certificate for 105 shares). Please keep in mind that the incentives offered back in June was to combat the manipulation by the Canadians.

The only exception to this was if you had your ECNC shares sitting in an IRA account (which can not registered the shares to your name without early withdrawal penalty), then all you have to do is to send Tom your brokerage monthly statement showing proof that you own ECNC stock before June 30th, 1999 and have not sold any shares since then. With the proof of the IRA account statement, you will qualify for the incentive 5%.

I hope my answer is clear enough to explain your concerns. Good luck to you with your investment in ECNC!

DaiTN

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To: SCOOBEY-DO who wrote (258)9/6/1999 5:52:00 PM
From: SCOOBEY-DO
   of 266
 
eConnect announces 5% stock dividend to shareholders

Business Wire - September 05, 1999 11:45

LOS ANGELES--(BUSINESS WIRE)--Sept. 5, 1999--eConnect (OTC BB:ECNC) announces a 5% stock dividend to shareholders as of the close of business on September 14, 1999 with the pay date as of September 20, 1999. There will not be any warrant given to shareholders in connection with this dividend.

web sites: e-connect.cc

ezyshop.cc

(for eConnect recent interview see www.emergingcompany.com)

CONTACT: Carnegie Cooke (for eConnect)
Anita Goldberg, 800/262-2331
or
E-SAFE
Bruce McWilliam, 011-61-2-9267-7555
or
ET&T
Prima Capital, Elias, 800/600-8599

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To: SCOOBEY-DO who wrote (259)9/7/1999 8:53:00 AM
From: SCOOBEY-DO
   of 266
 
September 07, 1999 07:23

eConnect Reports First Ever Usage of a Transaction Server Using Linux, a Major Milestone Achieved In Development of SafeTpay System for "Same-As-Cash" Purchases and Bill Payments Over the Internet

LOS ANGELES--(BUSINESS WIRE)--Sept. 7, 1999--eConnect (OTC:BB:ECNC), a fully reporting company, today announced that its SafeTpay business unit has successfully completed tests for key portions of its system for making "Same-As-Cash" payments over the Internet using ATM cards and bank assigned PINs.

eConnect will use the system to provide transaction processing services to Internet merchants beginning this fall. A potential revenue stream of $20,000,000 in 2000 is estimated from merchant fees generated from the processing of SafeTpay transactions.

SafeTpay offers Internet users the ability to purchase or pay with cash. SafeTpay will provide Internet consumers with simple inexpensive ePINs(TM) equipment that will enable home ATM card with PIN usage. One of the first live tests of SafeTpay will be performed at econnectauction.com, an Internet sports memorabila auction site owned and operated by eConnect.

eConnect will be offering the ePIN to its 15,000 registered users to purchase with either a Same-as-Cash transaction or an enhanced credit card transaction. After a successful trial, SafeTpay will be broadly marketed to other Internet merchants, and similar auction sites, such as eBay(Nasdaq:EBAY). eConnect will generate a fee per transaction as paid by the Internet merchant.

Usage of SafeTpay offers the Internet merchant the option of either receiving a Same-As-Cash payment by ATM card and PIN or enhanced credit card transactions with a lower charge rate to the Internet merchant. A SafeTpay transaction will also offer Internet consumers a safer method of credit card payment.

SafeTpay will use a Linux-based Internet transaction server, connected to regional ATM networks though a Tandem-based transaction processor. This is believed to be the first implementation of such a transaction server using Linux, and the first integration of such a Linux system to a Tandem back-end.

Tandem, recently bought by Compaq (NYSE:CPQ), is the most popular type of computer for mission-critical on-line transaction processing application such as banking, reservation systems, and credit card and ATM card systems. Linux is a shareware operating system experiencing phenomenal growth for Internet and other applications, due to promotion by Red Hat (Nasdaq:RHAT) and others.

"Our system contains three software modules, with one to reside at the merchant's Internet site, one at the consumers browser, and one being our server. During late August, we provided private demonstrations of the consumer and merchant portions of the system to potential business partners and investors.

"Their reaction was very positive. The demonstrations showed how our software module, working with the Internet Explorer browser from Microsoft, would enable a typical consumer to make a purchase over the Internet using their ATM card. We are now preparing to test and demonstrate the server, which will act as a Gateway for SafeTpay transactions. Once that is done, we will be ready to process live transactions," stated an eConnect spokesperson.

Experts estimate that Internet transaction volume in the USA alone could exceed 250 million transactions this Christmas. eConnect estimates that consumers, given a choice, might choose to use their ATM cards for up to 20% of these transactions. That could result in an annual revenue stream of over $20 million for processing SafeTpay transactions next year, acting as a gateway for handling these ATM transactions in the USA alone.

Future potential world-wide is much larger. As soon as SafeTpay operations are launched successfully in the USA this fall, development will begin on enhancements to the SafeTpay server software, to support message formats for ATM cards issued by banks in other countries. This will enable eConnect to pursue it's global growth strategy, with previously-announced partners such as E-Safe in Australia.

About eConnect:

eConnect is the developer of eSecure systems: this is the usage of simple inexpensive equipment from homes, offices and public locations to pay with SafeTpay which is either a Same-As-Cash ATM card with PIN or an enhanced credit card transaction. eConnect generates a fee per transaction which is paid by the merchant.

This press release contains forward looking statements subject to the safe harbor act created by the Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties.

Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development.

CONTACT: For eConnect
Carnegie Cooke
Anita Goldberg, 800/262-2331
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
or
web sites:
e-connect.cc
ezyshop.cc
econnectauction.com
for eConnect recent interview, see
emergingcompany.com


ECONNECT - ECNC
Price 0.31
Net Change -0.03
Volume (000) 444
Day High 0.345
Day Low 0.30

EBAY INC - EBAY
Price 133 1/2
Net Change +12 1/16
Volume (000) 5594
Day High 134.00
Day Low 125 1/2

COMPAQ COMPUTER - CPQ
Price 23 1/4
Net Change +3/16
Volume (000) 6968
Day High 23 9/16
Day Low 23 1/8

as of
09/07/99 08:41 AM EDT


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To: SCOOBEY-DO who wrote (260)9/17/1999 5:38:00 AM
From: Fli-by
   of 266
 
disregard

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To: SCOOBEY-DO who wrote (260)9/17/1999 5:41:00 AM
From: Fli-by
   of 266
 
eConnect to Test Implementation of SafeTpay's Instant Cash Credit
Transactions for Internet Stock Brokerage Accounts

Business Wire - September 16, 1999 07:22

LOS ANGELES--(BUSINESS WIRE)--Sept. 16, 1999--eConnect (OTC BB:ECNC) has entered into a strategic alliance with a
stock brokerage firm to Beta test instant cash credit transactions for Internet stock brokerage accounts using ATM cards with PIN.
Delivery of the ePIN devices to a Beta test group is scheduled for October 18.

The transaction will be initiated by the client clicking the SafeTpay button located on the brokerage firm's web site, swiping an ATM
card and entering the bank-assigned PIN utilizing eConnect's ePIN hardware.

SafeTpay is an eConnect service that will enable instant cash credit to the client's new or existing brokerage account. This will enable
the client to have instant cash credit for the purchase of securities. Conversely the brokerage firm will be able to instantly transfer
funds to the client's bank for early or regular settlement. In addition, instant cash credit can be transferred for margin calls and
options.

Upon successful completion of the Beta testing, eConnect will join with the brokerage firm to offer this service to Internet stock
trading firms under the market name of Cash2Trade.com. Support for Cash2Trade will be supplied by SafeTpay.

"We will be distributing free ePIN's to a select group of our artauction.com customers. They will then be invited to open their instant
cash brokerage accounts with our partner by simply using their ePIN from home and paying with their ATM cards and PIN. This
service provides a substantial savings for brokerage clients who can now avoid bank wire and overnight courier fees. In addition, the
set up costs for the brokerage firm are greatly reduced," stated an eConnect spokesperson.

About eConnect

eConnect is focused on Internet and other consumers using financial cards and inexpensive equipment from homes, offices, and
mobile locations to make purchases or pay bills. eConnect has developed SafeTpay to enable that service, and has acquired
artauction.com and econbid.com to generate revenues and to act as test sites for SafeTpay. eConnect has developed EzyShop, a
kiosk approach for non-Internet consumers. eConnect has developed the first Linux- based transactional server and a host
processor that will drive these transactions originating from eConnect hardware. eConnect generates a merchant fee per transaction.

Securities Litigation Reform Act of 1995. Management cautions that these statements may include projections and estimates of future
performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these
forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn
in economic conditions, or delays in product development.

CONTACT: eConnect
Carnegie Cooke
Anita Goldberg, 800/262-2331 (Investor Relations)
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
web sites:
www.e-connect.cc
www.ezyshop.cc


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To: SCOOBEY-DO who wrote (259)9/17/1999 5:43:00 AM
From: Fli-by
   of 266
 
eConnect makes Internet History

Business Wire - September 14, 1999 07:16

LOS ANGELES--(BUSINESS WIRE)--Sept. 14, 1999--eConnect (OTC BB:ECNC) announced today that it has made Internet
Business history by being the first on-line business or eCommerce company to open the back end of an eCommerce Reports section
for public viewing.

The Reports section is now immediately available for monitoring access by anyone who wishes to monitor the growth of the Art
Auction at www.theartauction.com/auction/REPORTS. The eConnectauction.com sports memorabilla site Reports section will be
open to access on September 21.

eConnect Chairman and Chief Executive Officer, Thomas S. Hughes, stated, "This is an Internet first and will enable any eConnect
shareholder, prospective shareholder and all of Wall Street to watch our business grow on a daily basis by monitoring our Reports
section daily revenue activity." Hughes added, "Shareholders will be able to know exactly what our Auction business growth is on a
daily basis and will no longer will have to wait for quarterly reports."

eConnect announced yesterday the launch of their new Art Auction site at theartauction.com.

eConnect's Art Auction is the Internet's premier destination for Art enthusiasts. It features 24 hours a day and seven days a week
auction activity on a wide variety of Art.

The Art Auction is a recognized leader in the Art Industry due to the important fact that there are more than 20,000 unique visitors
each day. This alone puts the Art Auction in the top tier of most heavily visited Internet sites on the Net. In fact, according to PC
Data, that would put us in the top 1000.

Additionally, there are more than 14,000 registered users currently and that number is expected to reach 25,000 by the end of
September.

James Wexler, President of the Auction Group, stated, "eConnect Investors should realize, that the key with any Internet business is
traffic and registered users. With this much traffic and this extremely large amount of registered users, we will have the ability to sell
millions of dollars worth of Art. In fact, with this much traffic and this many registered users, we will be able to expand from Art to
other products such as books, C.D.'s and more."

About eConnect:

eConnect is focused on Internet and other consumers using financial cards and inexpensive equipment from homes, offices, and
mobile locations to make purchases or pay bills. eConnect has developed SafeTpay to enable that service, and has acquired
artauction.com and econbid.com to generate revenues and to act as test sites for SafeTpay. eConnect has developed EzyShop, a
kisok approach for non Internet consumers. eConnect has developed the first Linux based transactional server and a host processor
that will drive these transactions originating from eConnect hardware. eConnect generates a merchant fee per transaction.

Securities Litigation Reform Act of 1995. Management cautions that these statements may include projections and estimates of future
performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these
forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn
in economic conditions, or delays in product development.

CONTACT: eConnect
Carnegie Cooke
Anita Goldberg, 800/262-2331
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
web sites:
www.e-connect.cc
www.ezyshop.cc


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To: Fli-by who wrote (263)9/23/1999 8:45:00 AM
From: SCOOBEY-DO
   of 266
 
News Release:

September 23, 1999 06:46

eConnect Increases Revenues From Online Auction Holdings by 20% Since Early September Acquisitions

LOS ANGELES--(BUSINESS WIRE)--Sept. 23, 1999--eConnect (OTC BB:ECNC) has added on 800 new registered users at an average of 150 new registered users per day and has increased overall revenues by 20%.
The present eConnect user auction base is valued in excess of $6 million. eConnect is projecting 16,000 registered users by Sept. 30 and 25,000 registered users by Oct. 31.

eConnect will be offering ePINs in October for registered users to pay for auction purchases at theartauction.com and sportsfox.com with Same-As-Cash transactions by ATM card and PIN. eConnect is also testing the ePIN to open Internet trading accounts with its Cash2Trade.com service.

eConnect will aggressively work from Australia with its partner, E-SAFE, to test the ePIN for home lottery transactions by ATM card and PIN and to test legal Internet pay-per-play transactions.

About eConnect

eConnect is the developer of eSecure systems; This is the usage of simple inexpensive equipment from homes, offices and public locations to pay with Same-As-Cash ATM card with PIN or an enhanced credit card transaction. eConnect generates a fee per transaction, which is paid by the merchant. eConnect is also building its own Web sites for revenue generation and has activated its EzyShop publicly located kiosk service in the Los Angeles market.

This news release contains forward-looking statements subject to the safe harbor act created by the Private Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development.

CONTACT: Carnegie Cooke & Co. (for eConnect)
Anita Goldberg, 800/262-2331
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
or
Web site: http:/www.e-connect.cc



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To: Fli-by who wrote (263)9/28/1999 9:32:00 AM
From: SCOOBEY-DO
   of 266
 
News Release:

eConnect to begin Ireland November tests of in home ePIN originated Same-as-Cash sports gaming transactions

Business Wire - September 28, 1999 07:25
LOS ANGELES--(BUSINESS WIRE)--Sept. 28, 1999--eConnect forms (OTB:BB:ECNC) is targeting a November test of its ePIN placing government sanctioned Ireland in home Same-as-Cash(TM) gaming transactions on eSportsbet.

The ePIN, an inexpensive simple hardware device that links between the keyboard and the home computer, will be used to originate Same-as-Cash(TM) gaming transactions with a bank issued ATM card.

eConnect will be actively working with E-SAFE to test government sanctioned in home Ireland Same-as-Cash(TM) sports wagers being sent by the ePIN to eSportsbet as Ireland automatically taxes such winnings.

In Ireland, eConnect will use the inexpensive ePIN, the home computer and an ATM card and bank assigned PIN to originate Same-as-Cash gaming transactions to eSportsbet, which eConnect has an exclusive global Same-as-Cash processing contract with.

Ireland taxes such transactions at 5%, and this is the business model which eConnect believes will lay the groundwork for worldwide government acceptance of Internet gaming transactions.

About eConnect:

The business of eConnect is to process self serviced bank card transactions with particular emphasis on home originated Same-as-Cash(TM) ATM card with PIN transactions. In the United States, eConnect owns the web sites of theartauction.com and sportfox.com to test ePIN originated purchases and has also established Cash2Trade.com to test ePIN originated Internet trading. Additionally, the public Kiosk service of EzyShop was launched in September with the eConnect EzyDepot. Outside of the United States, eConnect is working within sanctioned government environments to test in home originated ePIN Same-as-Cash(TM) wagering transactions.

This press release contains forward looking statements subject to the safe harbor act created by the Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties.

Actual results could differ materially from those anticipated in these forward-looking statements as a result of factors such as changes in the marketplace, unanticipated competitive activity, a downturn in economic conditions, or delays in product development.

CONTACT: Carnegie Cooke (For eConnect)
Anita Goldberg, 800/262-2331 (investor relations)
or
ET&T
Prima Capital
Elias Argyropoulos, 800/600-8599
www.e-connect.cc


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To: Jorjenzak who wrote ()11/5/1999 9:41:00 AM
From: Jorjenzak
   of 266
 
ECNC DD Directory and FAQ?s by jorjenzak 11/4/99

Some quick advice:

#1 Do you own DD! But feel free to ask for help and direction.

#2 Don?t get greedy, take your profits when you can and if it looks good ride your free shares.

#3 DO YOUR OWN DD!!!! Take what you get off the threads and emails for what its worth and use your head and good judgment to double check it.

#4 Get to know this first class guy...he can get you the answers you need on ECNC:

Manny, The Wall Street Ranger, The I R Relations Man, The Art Auction Liaison, The Venture Capital Pursuer, The Broker Presentation Assistant, The Aide-de-Campe to the CEO:

Well,

These titles and "job descriptions" should let you all know that I perform a few functions for ECNC. This is also why you all will have to forgive me and understand that it is only one of my functions to monitor the threads.
A new modus operandi that has been working well is my
e-mail. I get between 20 and 30 a day and try to answer what I can A S A P. My email address is EVavolizza@aol.com

In my own words:
ECNC is a same as cash transaction facilitation company,
with its focus on everyday consumer transactions and an eye on also making money on wagering. It was originally called Bettting, Inc. (BETT) and was a Missouri corp. that was originally known as Legoons which was a clothing
company. Tom Hughes is the CEO, man with the vision and driving force behind it all. What a guy! What a worker! He now has a team of professionals helping diversify and grow the company and it is set to TAKE OFF! I see this mode of transaction facilitation as having the same impact on our society as credit cards and more recently ATM's and debit cards. It WILL be the way we do business in the future.

General info:

ECNC is fully reporting.

ECNC is currently generating revenues from multiple sources, though not alot yet, such as the betportal, 777WINS, and paymaster kiosks.

ECNC is about to enter a beta testing phase on its revolutionary same as cash instant transaction technology, which is triple encripted and can even transmit via phone line to avoid the 'net and hackers. We are rumored to be THE FIRST company to get off the ground with this technology, although alot of potential competitors out there posturing.

ECNC is a b2b company....business to business.

ECNC is focused on becoming a global company......we are to become THE HUB for instant transaction processing, be it internet or otherwise.

ECNC is about to beta test and in a month or so implement revolutionary Cash2Trade which will allow you to instantly fund your brokerage account by swiping a debit card through an ePin.

ECNC is about to beta test and in a month or so implement revolutionary SafeTpay to allow secure instant transactions for all types of commerce activities.

Do your own DD!!

Check Edgars for filings and the story is all there.

FAQ?s (Frequently asked til we are puking questions) :

>>What is the current float, outstanding shares and issued shares for ECNC?

As of 11/4/99 I understand the float to be around 17M, issued around 83M and authorized is 200M....company holding lots of shares on the shelf to cover 31M in warrants, 9M in employee stock incentives and for acquisitions and for possible later sale to raise capital if needed.

>>Where can I find out more about ECNC?

Regular weekly chat sessions Thurdays starting at 9PM EST, 8PM CST, 6PM Pacific at: clubs.yahoo.com

All filings for BETT and ECNC can be found at -
edgar-online.com

ECNC Company links:
powerballresult.com

econnectauction.com

e-connect.cc

777wins.com

clubfatt.com (check out the club report on ECNC under REPORTS)

Link to the DD Warehouse on ECNC....200+ DD posts, opinions, PR's, etc.
for a quick intro to the company's past up to August ?99 (got to be too much to keep up and too large for you to review it all) -
techstocks.com

Link to the current active ECNC SI Thread -
Subject 29086
The regulars on the thread are ocmayor, scoobey-do, Lord Ernie, Fli-by,
Ron P. Margrapf, Manny the Ranger, Mark Richter, Stevek, DaiTN, scouser,
longtom, myself and a host of others I can't remember off the top of my
head. Sorry if I left anyone out. Also a GALAXY of lurkers who post
occasionally and those who never post but often e-mail me about the
thread....usually to brag on us!

Link to the original BETT (now ECNC) SI Thread...where we all got started!
Subject 20009

emergingcompany.com. Interview of CEO Tom Hughes viewable on the net.

**ECNC commercial can be viewed here using these instructions:
Message 10764563

**Link to a post I copied with more current analysis of ECNC (not that I
totally agree with and and don't endorse it but some good info here) and
includes some of my FAVORITE excerpts from the last 10K:
Message 10621028

**Link to info from Tom on Ezyshop:
Message 10598725

**Link to another great update from Tom on PERFECT and more:
Message 10564296

**Link to PR where company announces it is paying off the Canadian
debenture before conversion and sending the shorters packing:
Message 10391958

**Link to an early post regarding a quick picture of the company at that
time, note the company is now out of Nevada, is no primarily focused on
wagering but has refocused on servicing all kinds of transactions:
Message 9769522

**Link to early business plan of the company....technology remains the
same and potential is huge but focus has shifted away from concentration
on wagering, and they do have competition now but NO ONE is up to speed
with ECNC!!! Message 9769556

**Link to page two of that business plan:
Message 9769582

**Link to the rest of the business plan:
Message 9769607

**Link to text of speech by Tom Hughes in London, England a year or so
ago: Message 9772425

**Link to the rest of the speech:
Message 9772470

**Link to Tom's background from Tom himself:
Message 9793770
------

>>Why is an ePin required for same as cash transactions using an ATM/Debit Card?

Check out Reg E of the Banking Laws.....to have an ATM transaction you have to enter a PIN....thus the swipe and keypad method.

>>How many employees does ECNC have on the rolls?

Per Manny, ECNC = employees 16*, Rogel = 5, 777 WINS = 2, Attorney and Accountant = 2
*The above total of 16 includes mangement, SateTPay, TheArtAuction, EZYShop, Webmaster and new consultants.

General interesting stuff:

Here was the post Fatt Matt made regarding what could really happen here...

***https://www.siliconinvestor.com/readmsg.aspx?msgid=10771993

And Phatty?s report on ECNC:

Something that has been bugging me ever since Lynn Goodman mentioned it,
along with Gary Hill, is finding that one leader in an industry that is up
and coming. The one that has the balls to try something.

I think ECNC is one of these type. I was sitting there thinking, how can
ECNC be a leader. I was stuck on this stuff about the sportsbetting, which
is really great, but I know it isn't the core. Basically, I don't care
about it or 777wins.com beyond being cash cows. I think they should sell
eventually. They will not do any good but provide an experiment ground and
provide cash. AFter they get this transation (PERFECT) off the ground,
they will be of no use.

Anyways, back to the leader stuff. Do you recall us being in GOCA? I
remember reading an article about the gov't or industry c racking down on
CHARGE CARDS being maxed out and causing people problems. Sure, VISA makes
money here (well, if they pay), but not always. What if they go bankrupt
from it!! But ECNC might be the key to the gov't cracking down on this
crap. (I hate gambling personally--the slots and cards) What it looks like
is ECNC gets a fee from this PERFECT technology when used. VISA gets 3% of
every sale I beleive by using their cards. This might be what ECNC gets.
But ECNC doesn't use credit. It all links back to an ATM account. It's
like a cash account in the stock market. you can't spend more than you
have. If the gaming industry gets bad enough, this could be the key to
keep it alive. Use only what you got. It would make the die-hard happy
too, because they would be limited!

Now, I know gambling isn't their only industry, but they apparently share
the same vision I do becasue they have acquired the 777wins.com casino. I
bet they use this as a cash cow and a testing ground. Very smart. (I'm
calling them smart, but I don't know for sure! LOL)

This is what gives them the edge and makes them a leader. They have a new
technology that I have never seen before and could DRAMATICALLY help out
an industry. I don't know how the structure works, whether it be % of
sales or an upfront licenssing fee or what...But either way, they can make
it big with it all.

Filings look good. I was just confused on all of the name changing and the
jurisdiction changing and all that BS. It's all good now and going out to
the Club.

FM
-----

I obviously think the stock has a lot of potential. The company is taking
its time to do everything right and getting all of the ducks lined up. I
like that in a company!

There is supposed to be a site launched this week. I doubt people will
really sell into this. If so, it will only allow us to pick up shares
cheaper! Might be smart to wait and see what happens at the bell.

The stock could go wild. It's only a matter of time. I think this is one
of those rare stocks that just might be able to be considered an
investment and not a trade. I could be proven wrong on this. Either way,
I see potential to make money here.

NOTE: original report on FM?s Club Fatt....check it out at www.clubfatt.com and sign up to join his new thread, www.investorshub.com

More stuff:

Answers from the CEO:
Tom's answers to Jay Chesley

1. We generate a transaction fee as paid to us in the same manner as 3rd. party processors are paid today.

2. Confidential information as regards banks.

3. PLUS is not a POS system whereby the ATM card and PIN is used to move cash. PLUS is the VISA system that unifies the various ATM machines across the country. CIRRUS is the Master Card system.

The proper term is Interlink for POS which is VISA and Maestro for POS which is Master Card.

Interac refers to the Canadian POS system which is controlled by the Royal Bank of Canada.

Our proprietary server is located at a processing center Switch which gates POS transactions into the Regional ATM card networks.

4. Same-as-Cash follows the same pathway that the ATM card and PIN purchase of $50 worth of flowers at a flower shop follows. We are simply adapting the existing POS system to the Internet and moving away from virtual money.

5. The revenue stream comes from the merchant. This fee is stripped by the settlement bank at the time of transaction.

6. VISA and Master Card presently offer Debit transactions. These are Off Line ACH transactions, the same as checks and which can be stopped by the consumer. REG E of the USA Banking Rules clearly states that an ATM card with PIN POS transaction can not be stopped by the consumer... it is the same as cash. Only the merchant can stop the transaction, which is why every ATM card with PIN merchant, such as the flower shop, needs to be first sponsored by a bank is the Regional ATM card network. This rule applies globally.

The key is the PIN entry which has been assigned by the Issuing Bank that the consumer banks with. To enter a PIN, special terminals must be used which include DUKPT (Derived Unique Key Per Transaction).

To conclude: The Internet consumer uses her existing ATM card and PIN issued by the bank. Then by simply clicking the ePIN icon on the ACME Mortgage web site, she can then elect to either pay by enhanced credit card which is a lower merchant fee or by ATM card with
PIN SameasCash.

Speaking as a web merchant (theartauction.com) we will definitely incentivize the consumer to purchase art work using Cash, thank you very much. Our fee: $1

We are leading the pack.

More of Tom?s responses to Investor Pests :

Tom's Answers to Beaches questions:
via Matt to Manny to Tom!

1. Status of Pocket Pay in Ireland = on target, scheduled for December 1999. People in Ireland have requested results of beta testing before they commence.

2.ETandT will handle logistics (which will be discussed in the following questions)

3. Beach writes"in addition they were supposed to provide effective, efficient encrpyted financial transactions for the International Sportsbook and Gaming"
Tom replies, "Yes! This is going to operate in this manner: ET&T is in charge of the HOST which processes authorization of the transactions. These hosts will be in several countries. When the host authorizes the transaction (within seconds) the information is sent to the eConnect HUB which sends the authorization to the Merchant!

4. FTET is involved in beta testing, the deal did not go fall through. It is alive and well. All beta testing is covered under Manny's QUIET PERIOD.

5. SLICK is being produced. We are trying to meet the 4Q deadline BUT WE ARE FAR MORE CONCERNED ABOUT 100% ACCURACY THAN AN ARBITRARY DEADLINE.

6. Our Rogel is responsible for the M R S. We are using this software in the current Beta testing.

7. England and Hong Kong and even perhaps places like the Netherlands are very much in our plans ESPECIALLY IN THE MOVE TO STATE TAXATION OF LOTTERY AND THE HUMANITARIAN AID THAT CAN BE DERIVED FROM THAT. THIS PILOT PROGRAM WILL ALSO TAX WINNINGS ON WAGERS OPENING UP THIS AREA TO A FAR MORE CORDIAL POLITICAL RECEPTION. WE CALL THIS THE PERFECT WAGER. Manny will ask Mike Reamer to give periodic updates on 777WINS and eSportsbet. Here again we will be using the HOST to drive the transactions to the Hub, etc. All of this is in progress and part of the focused business plan of ECNC.

Tom Hughes - CEO
via manny vavolizza
Director of Wall Street and Investor Relations

Had to add this first class post by my buddy Ron M. from SI, when asked why he likes ECNC (he is a Trader first, investor second and T/A enthusiast):

I am now going to try and convey that to you from my perspective and understanding and that is all I have/can offer.

1st.) You asked what does triple wrapped mean?
Well that should be very simple to understand. It is encrypted 3 times over. Triple security.;-)))))
2end.) The 3 "Ws". We are the 3 Ws. We own the company that creates the software. But then you probably already knew that.
3erd.) We have are own servers.
4th.) We do are own processing.
5th.) We charge a flat fee for all transactions.
6th.) We have a patent on the tech..
7th.) We own the company that creates the software. They also generate their own revenue that goes into our treasury.
8th.) We have our own gaming site. Generates revenue.
9th.) We have a deal with the Irish Government and now it looks like the Australian one also.
10th.) Check out the credentials of the full time employees.
11th.) We have the competition hands down. We are self contained and that is what makes the difference.

Now I could go on and on but what is the point. These are just a few of the reasons that I am into this stock and haven't traded as yet, even when I had the opportunity to make a nice profit.

Now you stated in some of your previous posts that why go with us. The Master/Visa debt card is free and so are the transactions. Wrong. Nothing is for free. Someone pays for it. The merchant or the consumer. If you use your M/V card at the merchant, he has to pay between 2-3% of the total sale. Now that is off the gross sale. So what is better. A flat fee or a %. Common sense tells you a flat fee.

One of the questions that you ask is what path do we use. As far as I am concerned that is a mute issue. Who care and what difference does it make. Everyone has to use phone line, satalite, or the internet. So what difference does it make??????? If you check out one of the latest news release, we are now certified to use the ATM network.

Now if you check out one of our competitors MRTO. They have to make all kinds of deals to get their net work up. For them to work, they need everyone. They charge a percentage of the sale. For every hand that it passes they have to pay. Even they had to reduce their fee to get customers but it is still 2% of the sale. Go figure.;-))))

Well I could go on and on but I won't. Already have gone on longer then anyone wants to hear. You take it from here and make your own mind up.

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