SAN PEDRO, Calif., Dec. 15 /PRNewswire/ -- eConnect
(OTC Bulletin Board: ECNC) today named Daniel Spence as its Chief Technical
Officer. Mr. Spence's appointment to this new position is effective
immediately.
Mr. Spence, 37 years old, will be responsible for overseeing
implementation of eConnect's worldwide host processing center technology, as
well as further development of Bank Eyes Only(TM), and planning of other
technology. He will report directly to Thomas S. Hughes, Founder, Chairman
and Chief Executive Officer of eConnect.
Since April, 2000, Mr. Spence has consulted eConnect, overseeing the
technical implementation of the Company's host processing center in the
Dominican Republic, and helping to contract financial institutions in the
region.
Mr. Spence previously was Director of Technology Planning for
The Associated Press in New York City, where he was responsible for strategic
planning and implementation of new Internet technologies. This included
deployment of a worldwide virtual private network that facilitated news and
photo collection over the Internet.
Before joining Associated Press in 1995, Mr. Spence worked for Coca-Cola
Amatil Ltd. in Australia for almost 10 years, where he was Business Analyst
for supply chain system implementations, and Technical Services Manager for
Financial Systems. Mr. Spence is a software engineer and technical systems
manager of more than 18 years' experience.
"eConnect is most fortunate to have in its corner a former Internet guru
for one of the world's largest and most respected news organizations,"
Mr. Hughes said. "Dan's prior strategic oversight of technology as deployed
throughout a vast, complex network will be most welcome as we roll out Bank
Eyes Only(TM) worldwide."
Paul Egan, eConnect's Chief Operating Officer of International Host
Centers, added, "With its ability to process ATM-with-PIN and smart card
online payments, Bank Eyes Only(TM) is uniquely positioned to open up the
non-credit payment market to Internet payment processes. This is especially
significant in emerging markets such as Latin America and Asia where credit is
not as available to the average consumer. Dan will help us develop that
market."
ABOUT eCONNECT
eConnect, San Pedro, Calif., is currently deploying Bank Eyes Only(TM) in
the US, the Caribbean, and Europe through host processing centers owned or
under development by the Company, or its affiliates, in Milwaukee, Santo
Domingo, Dominican Republic, and in the area of Dublin, Ireland, respectively.
eConnect further plans to expand the system internationally, through company
owned-and-operated host processing centers in Hong Kong and Australia. The
eCashPad, the Company's first Bank Eyes Only(TM) product, was formally
introduced at last month's COMDEX show. In addition to retail sale, it is
also being distributed promotionally via the retail, gaming, financial,
brokerage and interactive entertainment industries.
Safe Harbor: Certain statements in this 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 and Exchange Act of
1934 and are subject to the safe harbor created under those sections. 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 that involve risks
and uncertainties. There can be no assurance that such statements will prove
accurate and actual results and future events could differ materially from
those anticipated in such statements.
For further information, please contact, Fred Biddle, Member of the Firm,
Sitrick And Company, 310-788-2850, for eConnect.
Web site: http://www.econnectholdings.com.
SOURCE eConnect
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Related links:
http://www.econnectholdings.com
CONTACT:
Fred Biddle, Member of the Firm, Sitrick And
Company, 310-788-2850, for eConnect
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