latest news releases from the newsroom
eTelcharge.com Outlines Merchant Agreement With The City of DeSoto, Texas
DESOTO, Texas, March 10, 2005 (PRIMEZONE) -- eTelcharge.com, Inc. (Pink Sheets:ETLC) (www.eTelcharge.com), a financial diversified merchant service company, today announced the details of the contract signed with the City of DeSoto, a suburb of Dallas with a population of more than 42,000 people. This merchant service agreement provides for a variety of payment options unique to eTelcharge, which is based in DeSoto, Texas. "We are excited about the expanded billing possibilities eTelcharge provides for our citizens, as we are always interested in providing convenience and ease of transactions for our fellow citizens. As we have launched our new campaign striving for excellence, eTelcharge was a natural choice as they provide so many advantages and exclusives for all our various departments from city utilities, parks and recreation, court systems and other services provided by the city. And with $16.5 million in water utility billings annually, we seek to provide as many payment options as possible," stated chief financial officer of DeSoto, Camelia Browder; "We are encouraged especially by the unique online payment applications provided by eTelcharge.com and their commitment to the city." The terms of the agreement are outlined in several phases and began in June with the processing of all merchant services for offline credit card payments. This first phase included all over-the-counter credit card transactions. "We entered the second phase early after five months," said eTelcharge.com President and CEO, Carl O. Sherman, which he states, "added the addition of all online credit card transactions. Furthermore, as we continue to move forward with implementation of all payment options our management team will maintain monthly meetings with the city to insure a partnership for success for years to come." The second phase is scheduled to occur for three to six months before the start of the next phase. The third phase, which is scheduled to begin in May appears to be slated to start earlier during the month of April. This phase will offer the option to pay with an online check. The fourth phase will include the launch of the exclusive option of allowing ten pre-registered citizens with the ability to consolidate their water bill to their phone bill. "We anticipate this option will provide great interest and acceptance from citizens who are concerned about identity theft, especially for water bills that are no more than $20.00," stated Mr. Sherman, "as these are defined as micro payments, which consumers have a difficult time justifying entering their personal credit card information online to complete. In an industry of thin margins, we estimate that over the next 12 months, eTelcharge will process approximately $160,000.00 of credit card payments and $40,000.00 of other payments (including on line check payments and charges to phone bills) on average per month, resulting in average recurring revenue to the Company of approximately $2,000 per month."
Market Pulse Announces its Hot Stock Alerts for Thursday, March 10, 2005: ZAPZ, AAPL, MCEL, GM
ATLANTA, March 10, 2005 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, ZAP (OTCBB:ZAPZ), to the investment community! ZAP is new to Market Pulse and has been a leader in advanced transportation technologies and energy products since 1994! ZAPZ had excellent news out after Wednesday's bell announcing that they have crossed the $100 million threshold for purchase orders for its SMARTCAR high gas mileage vehicles! This could be great news for investors! Other notable stocks that look great lately from a fundamental and technical perspective include:
Biacore acquires FLEXChip System and Technology from HTS BioSystems Inc.
UPPSALA, Sweden, March 10, 2005 (PRIMEZONE) -- Biacore International AB (SSE:BCOR) announces today that it has completed the acquisition of FLEXChip System and related assets from the U.S. company HTS Biosystems Inc. The acquisition, costing USD 4 million in cash, will extend Biacore's product offering and is in line with the Company's strategy of building on its leading global position in the field of protein interaction analysis.