EZ-Global Card Deal

Talk Visual Corporation Company President and Chief Executive Officer Eugene A. Rosov announced that the Company has executed a contract with International Wireless Group to provide IWG’s foreign customers traveling in the United States with comprehensive international telecommunications access. IWG is based in Miami, Florida.

“We’re very pleased with the IWG agreement,” said Mr. Rosov. “IWG is a premier provider of cellular telephones to international travelers, and has extensive contacts within the travel industry. They anticipate providing a minimum of 10,000 EZ-GlobalCall customers to us on a monthly recurring basis. The revenue stream associated with this service promises to add approximately $200,000 in monthly revenues. This will help us achieve our overall goals towards profitability for the current period and coming fiscal year.” According to Talk Visual’s new Director of Sales, Andrew Silber, who helped to negotiate the deal with IWG “we are pursuing a broad range of clients like IWG.

They are the first of a group of international destination clients we are in the process of adding to our revenue stream.”


Talk Visual Corporation (OTC-BB:TVCP – news) is a pioneer in the video teleconferencing industry. It is developing global retail facilities to accommodate the growing video-communications needs of two key market segments: businesses and expatriate ethnic populations. Talk Visual can be reached toll-free at 1-877-22VIDEO within the United States, or at 305 572-0575 from abroad. A list of Talk Visual’s videocalling shops is at [http://www.talkvisual.com][1]. Talk Visual sells pagers at [http://www.beeperforabuck.com][2]. Customers may call the Company’s main number at 1-877-22-VIDEO for Talk Visual’s EZ-GlobalCall service. Visitors are directed to visit the company’s home page at [www.talkvisual.com][3] and click on the FAQ section, and or to read the Executives Corner message.

[1]: http://www.talkvisual.com/
[2]: http://www.beeperforabuck.com/
[3]: http://www.talkvisual.com/

Gift Certificates Preferred

A recent national survey commissioned by GiftCertificates.com found more than 70 percent of adults like receiving gift certificates.

In addition, more than 72 percent of adults reported they would prefer to receive gift certificates from employers or business associates instead of having a holiday gift selected for them.

Given their popularity, it’s no surprise shoppers can now purchase gift certificates and gift cards everywhere, for everything — from gas stations to fine retailers. In fact, according to the survey, 61 percent of adults are likely to purchase gift certificates as holiday gifts this year. “Everyone appreciates a gift certificate,” said Michael Ahern, chief executive officer of GiftCertificates.com. “A gift certificate allows the recipient to select something they really want or need. Gift givers also benefit because they can get their holiday shopping done quickly and know they are purchasing a gift that will be used and appreciated.”

Many companies have taken the convenience of gift certificates and gift cards one step further by creating universal gift certificates. GiftCertificates.com offers customers the SuperCertificate(TM), which is a gift certificate to GiftCertificates.com that can be redeemed online or by phone for original gift certificates from hundreds of popular retailers and service providers, including adidas.com, Barnes & Noble, Olive Garden, J.Crew, Restoration Hardware, and many more.

The Internet also provides a refuge for shoppers tired of fighting crowds in malls and at the post office. Holiday shopping can be done online in a matter of minutes without leaving the home or office. SuperCertificates and gift certificates can be delivered with a personal message by standard or express mail. For last-minute shoppers, SuperCertificates and select merchant gift certificates can also be emailed.

People trying to find gifts for relatives they rarely see, or shop for bosses and co-workers, may consider joining the millions of others who turn to gift certificates as a solution. For more information, visit [http://www.giftcertificates.com][1].

About GiftCertificates.com

GiftCertificates.com(TM) is the leading provider of gift certificates and related services for corporate clients and consumers. The company’s best-selling product, the SuperCertificate(TM), is a gift certificate that can be redeemed at GiftCertificates.com for original gift certificates to hundreds of participating merchants. For more information, visit [http://www.giftcertificates.com][2]. GiftCertificates.com and SuperCertificate are trademarks of GiftCertificates.com, Inc.

[1]: http://www.giftcertificates.com/
[2]: http://www.giftcertificates.com/


SureFire Commerce Inc. announced its financial results for the second
quarter of fiscal year 2002.
The company recorded its second consecutive quarter of net profit in excess of
$1 million and its eighth consecutive quarter of operating profit.

“At our last shareholders’ meeting, SureFire announced it would
strengthen its leadership position in online payments while culling
unprofitable merchants from its customer base and maintaining a strict
dedication to net profitability. This is exactly what we have achieved in the
second quarter,” said Rory Olson, President and CEO of SureFire Commerce Inc.
“We have signed significant marketing partnership agreements, maintained our
market leadership position in processing for the licensed online gaming
sector, delivered our multi-currency capability, introduced a loyalty rewards
program and generated more than $1 million in net profit. SureFire is one of
the few e-commerce companies that remains on track and profitable during these
difficult times.”

For the three-month period ended September 30, 2001, revenues totalled
$19.3 million compared to $17.4 million for the three-month period ended
September 30, 2000. For the first six months of fiscal 2002, revenues totalled
$45.1 million compared to $31.0 million for the year earlier period. Cash and
cash equivalents at the end of the quarter totalled $92 million, including
$71.9 million in customer deposits as well as $20.1 million in free cash.

SureFire also recorded its second consecutive quarter of net profit of $1
million, or $0.01 per share, compared to a net loss of $9.7 million, or
$(0.09) per share, for the three-month period ended September 30, 2000.
SureFire has been debt free and cash flow positive since inception.

Business Outlook

The company has seen a short term impact to its revenue growth primarily
due to two events: 1.) the company’s decision to focus on net profitability in
line with today’s paradigm for evaluating market capitalization. Consequently,
SureFire Commerce chose to terminate its relationship with approximately 65
customers who generated revenue for SureFire at too high a cost due to a
significant risk of credit card chargebacks. 2.) SureFire’s revenue growth was
impacted by the September 11 attacks in the United States, which resulted in
lower revenue for customers who rely on SureFire’s online payments technology.

SureFire is continually pursuing its marketing partnership strategy and
reinforcing its online payments technology in order to diversify its client
base and maintain its revenue growth. SureFire remains committed to net
profitability and has carried out required cost cutting and rationalization
projects, including the transfer of the merchant enabling business from Boston
to the Montreal office.

“At SureFire, we are willing to accept lower short-term revenue growth in
order to remain on a stable trajectory of profitability, while building the
foundation for long-term revenue growth,” said Rory Olson, President and CEO
of SureFire Commerce Inc. “We have a track record of closing significant
marketing deals and we will continue to find innovative ways to strengthen our
solutions and diversify our revenue base.”

Second Quarter Highlights

During the second quarter, SureFire pursued its key objectives for fiscal
2002, which include proliferating online payment solutions on a large scale,
entering into several marketing partnership agreements and marketing its
FirePay Personal Account solution, which enables consumers to pay for products
and services on the Web without having to divulge sensitive credit card
information. SureFire has opened in excess of 80,000 FirePay accounts for
consumers since its launch 11 months ago, at a pace of approximately 5,000 new
accounts per week, and has increased the number of accounts with users of the
QuickBooks Credit Card Service by 30% in the second quarter alone.

Other significant highlights for the second quarter include:

– the extension of its private-label agreement with Intuit Canada through
the creation of the Quicken Home and Business Credit Card Service,
enabling small businesses to accept credit card payments online and
send invoices by e-mail;

– the delivery of multi-currency capability, allowing SureFire to process
more currencies (30) than any payment processor in the world and
facilitating its expansion into Europe;

– a partnership agreement with RedBrigade, a European-based systems
integrator, that will integrate SureFire’s Bill Presentment and Payment
solution into its financial processing system and market it to
corporate clients with high volume billing needs;

– recognition as Turnaround Company of the Year at the prestigious
Branham 2001 Awards ceremony;

– a strategic alliance agreement with Network Commerce Inc., a technology
infrastructure and services company, whose FreeMerchant.com subsidiary
has a customer base of 250,000 merchants – the second largest online
merchant base in the world;

– the transfer of merchant enabling activities in Boston to the Montreal

– the launch of a royalty rewards program for its FirePay Personal
Account solution in partnership with Points.com, which will make
Firepoints exchangeable with other leading loyalty programs, such as
AADVANTAGE from American Airlines, Aeroplan from Air Canada,
giftcertificates.com, FTD.com and others;

– and a strategic alliance agreement with Wysdom Inc. in order to offer
mobile operators a hybrid version of SureFire’s online payment solution
and enable small businesses to perform payment transactions with mobile
devices such as smart phones, personal digital assistants and pagers.

SureFire would also like to announce that Mr. Mark Krakower, whose duties
have expanded considerably due to the company’s rapid growth over the last two
years, will now devote his energies to his role as Senior Vice-President,
Corporate Affairs and Secretary. Mr. Joel Leonoff, Executive Vice-President
and Chief Operating Officer, will now assume the additional duties of Chief
Financial Officer.

SureFire Commerce is recognized as a world leader in managed risk and
high risk Internet payment transactions. The Company possesses a number of
tools to protect itself and its partners against Internet fraud, including
information on billions of credit card transactions, fraud protection
algorithms, real-time processing capabilities and the use of a 128-bit SSL
data encryption standard.

About SureFire Commerce Inc.

SureFire Commerce Inc. is a global provider of online payment solutions
and e-commerce support, processing over $1.2 billion of online transactions
annually. The company offers a diverse range of payment solutions to both
online and offline merchants with a leading market share in the online gaming
industry. The company has many strategic marketing agreements with companies
such as AOL Canada, Canadian Imperial Bank of Commerce (CIBC), Infopia, Intuit
Canada, InQuent, Network Commerce, National Bank of Canada, Points.com,
RedBrigade, Webraska and Wysdom. SureFire Commerce is headquartered in
Montreal (Quebec) with offices in Hull (Quebec) and London (England).

PostX Joins VISA Payroll Card

PostX Corporation, a leading provider of secure electronic communication solutions, announced an agreement with Visa to be the electronic pay stub technology provider for the Visa Payroll card. PostX, utilizing their secure PostX Envelope, offers employees the ability to receive their pay stubs securely via e-mail or through their corporate Web site.

Visa’s Payroll card is an innovative new offering from the leader in payment card technologies, enabling employers to provide employees with a simple to use bank-issued prepaid Visa card. This program is designed to ease payroll administration, logistics and eliminate the process of issuing and replacing paper checks. Participating employees get a convenient means of accessing their pay, avoiding check cashing fees and the security of using a Visa payment card.

“I couldn’t be more delighted about this agreement,” said Mike Seashols, CEO of PostX Corporation. “It’s a Win-Win for PostX and Visa and our combined solution offers tremendous convenience and financial advantages for their customers and employees.”

“The PostX Envelope gives us the reliability and security we need to support the rollout of Visa’s Payroll card program,” said Todd Brockman, Vice President of Prepaid Products for Visa USA. “This approach allows Visa Payroll Card Issuers to deliver a total solution to their customers, providing an overall reduction in administration, logistics, and cost of paper based payroll programs.”

PostX Solutions

PostX solutions combine patented software and methodology with consulting services for organizations that require secure electronic communications across existing processes. PostX enables these organizations to communicate with their customers, partners and employees securely in a variety of convenient delivery modes (including email to the desktop, and through secure websites). PostX provides the software, tools and expertise required to integrate backend systems, deliver communications efficiently and securely, and manage the complete life cycle of the communications produced (e.g., delivery verification, tamper detection, archival and retrieval, and response management).

PostX’s Secure Electronic Communications Delivers Key Features:

— Push or Pull Delivery — Direct “push” delivery to all popular desktop platforms via secure e-mail (Outlook, Lotus, AOL, Yahoo, and Hotmail) or indirect “pull” delivery from a Web site.

— USPS Electronic Post Mark — PostX is the sole licensee for the US Postal Service “Electronic Post Mark” (EPM) which includes tamper detection, time/date stamping, and offers the identical Federal protection as paper and stamp based documents.

— Document Personalization — Delivery is packaged in the patented PostX Envelope that contains an encrypted and secure set of electronic documents designed specifically for the recipient.

— Mail Management — PostX automatically handles bounced or undeliverable emails according to rules the organization/sender establishes. The PostX engine integrates with existing IT and printing processes to resend unopened and bounced messages using traditional paper/postage mail.

— Security — PostX supports all industry standard encryption and security technologies.

PostX Secure Electronic Communications Delivers Outstanding Value:

— Significant Cost Savings — Electronic document production and delivery costs reduce the traditional paper and postage expense by up to 90%.

— Increased Touch points — Most organizations can benefit from an increase in effective communications to their employees, partners, and customers by utilizing efficient “desired” electronic communications delivered directly to the recipient’s desktop. These communications can then link to the valuable cross-content of Web sites, offering the opportunity to receive value from improved information sharing, more efficient support services interaction, and compelling new cross marketing opportunities.

— Improved Loyalty — By utilizing convenient electronic communication versus paper and postage, organizations can create more dependency and loyalty between the sender and the recipient by delivering enhanced functions like direct connect support services, personalization and updating of previously sent electronic documents, and integration with the recipient’s desktop environment via Microsoft Money or Intuit’s Quicken.

About Visa U.S.A.

Visa is the world’s leading payment brand and largest consumer payment system, enabling banks to provide their consumer and merchant customers with the best way to pay and be paid. More than 14,000 U.S. financial institutions rely on Visa’s processing system, VisaNet, to facilitate over $810 billion in annual transaction volume — including more than half of all Internet payments — with virtually 100 percent reliability. U.S. consumers carry more than 353 million Visa-branded smart, credit, commercial, stored value and check cards, accepted at approximately 22 million locations worldwide. Visa has long led the industry in developing payment security standards, and has been named the most trusted payment brand online. Visa’s people, partnerships, brand and payment technology are helping to create universal commerce — the ability to safely conduct transactions anytime, anywhere and by any device.

About PostX Corporation

PostX Corporation is a leader in integrating electronic communications. PostX solutions combine the best characteristics of postal mail — privacy, personalization and branding — and courier services — return receipt and tracking — with the advantages of the Internet and email — low cost, high volume, rapid delivery, universal access and ease of use. The PostX platform is designed to communicate electronic information in a secure and personalized format, via the recipient’s delivery mode choice. PostX is the only company licensed to sell the USPS Electronic Postmark. PostX solutions deliver value in three distinct areas: compelling economic benefits, unprecedented new market opportunities and deep customer loyalty. PostX partners include leading companies such as Charles Schwab, the United States Postal Service, Cable & Wireless and Moore Communications. PostX has raised $42 million from investors such as Mayfield and Alloy Ventures.

Super Sub-Prime Card

The two companies involved in the development of the ‘Pay as You Go’ MasterCard reported a 75% jump in active accounts this year. CO-based Equitex, Inc. and its FL-based subsidiaries, Key Financial Systems and Nova Financial Systems, reported yesterday that active accounts for its ‘Net 1st MasterCard’ have soared from 81,799 on Dec 31 to 143,531 on Sept 30. Under the program, issued by Net First National Bank, consumers are charged a one-time reservation fee, up to $500, which fully utilizes the credit limit. Cardholders create available credit on their accounts by making payments on the balance. There is also a $99 processing fee to establish the account, a $96 annual membership fee billed monthly to the account, and a zero interest rate on the outstanding balance. The ‘Pay as You Go’ card is issued with no credit check on the applicant. The companies heavily target the Hispanic community for the MasterCard. This morning, Key Financial Systems announced a deal with Hispanic Teleservices Corporation to market credit cards to the U.S. Hispanic market.

ValiCert & Arcot Join VAP

ValiCert, Inc., a leading provider of secure solutions for paperless e-Business, and Arcot Systems, Inc., a leading provider of solutions for securing e-Business, announced that their products are interoperable and they will jointly promote them to member banks participating in the Visa Authenticated Payment Program. Authenticated payments and digital receipts enable Visa International’s 21,000 issuing financial institutions and merchants to ensure safe and secure Internet payments, reduce online fraud and boost consumer confidence in e-Commerce.

The Visa Authenticated Payment Program, based on the 3-D Secure Interoperability Protocol, is designed to bring the same level of security to the virtual world as Visa has in the physical world by confirming to the e-Merchant that the online buyer is the actual cardholder.

Merchants, consumers, issuing banks and card processors will now be able to fully leverage the security and risk reduction capabilities of the Visa Authenticated Payment Program, while collecting detailed line item information about transactions. The new solution available from Arcot and ValiCert combines Arcot TransFort(TM), the leading Visa 3-D Secure compliant payer authentication solution, with a component of the recently announced ValiCert e-Pay Secure(TM) offering, ValiCert Digital Receipt Solutions(TM), the leading technology for generating and managing legal-grade proof of electronic transactions. The combined Arcot/ValiCert offering is a flexible solution that eliminates integration headaches and speeds the deployment of Visa Authenticated Payment systems, and is available both as a product for in-house deployment and as a managed service for outsourcing.

“ValiCert Digital Receipt Solutions speed the creation and management of detailed transaction invoices and receipts with legal-grade digital proof, a critical requirement for substantiating online Visa payments,” said David Jevans, vice president of corporate development and head of e-Payment initiatives at ValiCert. “Banks, card processors and merchants around the world can now more quickly and easily take advantage of the Visa Authenticated Payment Program.”

“Arcot has been intimately involved with the design and development of the 3-D Secure Interoperability and Mobile 3-D Secure specifications, and we see tremendous value in interoperating with ValiCert’s industry-leading digital receipt capabilities to create the most complete and proven Visa Authenticated Payment solution on the market,” said Steve Ryan, vice president of corporate development at Arcot. “By combining these two offerings, banks, card processors and merchants will be able to quickly and efficiently implement an optimized solution for the Visa program, and comfortably meet the timeframe for the Visa Authenticated Payment Program.”

How It Works

The Visa Authenticated Payment Program offers dramatic benefits in fraud reduction and increased confidence to the customer and merchant with virtually no change in the online purchasing experience. When a customer enters their Visa card number in a browser checkout form and clicks the “buy” button, a TransFort Merchant software module at the merchant site alerts another TransFort module at the card-issuing bank that someone wants to make a purchase using a Visa card enrolled in the program. The TransFort module at the bank then requests the customer authenticate them self by entering their password, PIN or other means of authentication on their PC, PDA or wireless phone. If successful, the bank module notifies the merchant module that the cardholder has been authenticated, and a ValiCert Digital Receipt of this notification is archived for purposes of non-repudiation, greatly reducing the merchant’s exposure to fraud and dispute. Separately, merchants can post detailed invoices and receipts to a ValiCert Digital Receipt server at the issuing bank for cardholders to view, track and reconcile their transactions.

About Arcot TransFort

Arcot TransFort strongly authenticates and digitally signs transactions in real-time, providing for the secure, non-repudiation of online payments. Scalable to hundreds of millions of transactions, Arcot TransFort allows companies to grow the volume and value of their online transactions and provide their customers with an added level of confidence and security in the business relationship. TransFort is currently deployed at over 50 merchants and 20 banks worldwide for the Visa Authenticated Payment Program. In addition to being the first solution recognized by the Visa Compliance Testing Facility as fully complaint with the 3-D Secure protocol, Arcot TransFort supports the MasterCard SPA protocol and is developing the industry’s first dual-protocol solution for credit card payer authentication.

Arcot TransFort is a multi-platform solution capable of authenticating transactions across Web, Virtual Private Network (VPN), and wireless environments. In addition, Arcot TransFort can comply with a variety of business rules or procedures that govern online payments and support multiple authentication methods including username/password, physical smart cards (or “chip cards”), and the ArcotID(TM) Software Smart Card.

About ValiCert e-Pay Secure

The ValiCert e-Pay Secure family of products and services relies on the full range of industry-leading ValiCert offerings. The components of ValiCert e-Pay Secure include:

— ValiCert Transaction Authority(TM) — provides a platform for deploying secure XML payment protocols by guaranteeing secure routing and response to any backend financial and enterprise service request.

— ValiCert Validation Authority(TM) — delivers a high-performance, reliable and scalable transaction validation solution for digital certificates used in payment and business applications.

— ValiCert SecureTransport(TM) — offers a secure, reliable, enterprise- class file transfer for delivering batch payment files, settlement details, EDI and check images over the Internet.

— ValiCert Digital Receipt Solutions — provides electronic proof, archive and audit for payment transactions.

— ValiCert Document Authority(TM) — enables secure document delivery, sharing, storage, and digital signing for payment initiation, approval and other financial workflow processes.

— ValiCert Professional Services — on-site consulting and integration services, delivered by trained domain experts and practicing consultants.

About Arcot

Arcot Systems, Inc., is the leading provider of authentication and access control solutions for securing e-Business in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software-based solutions for strongly authenticating users and transactions and managing access for payment systems, B2B extranets, Web portals and virtual private networks. Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Leaders in financial services, healthcare, and e-Commerce are using Arcot solutions to protect their customers’ privacy and reduce fraud. For more information, visit [http://www.arcot.com][1].

About ValiCert

ValiCert is a leading provider of secure solutions for paperless e-Business. ValiCert Global 2000 customers in financial services, healthcare, manufacturing and government sectors realize significant ROI from deploying ValiCert solutions to help migrate costly or inefficient business processes to the Internet, without losing any trust and security in the process. ValiCert’s family of products conforms to the guidelines of the e-Sign legislation and provides a secure, legal-grade environment for conducting online commerce.

ValiCert has technology and marketing alliances with a range of security, e-Commerce, systems integrators and application specific companies. With its products and services available through a worldwide direct sales force, resellers and global affiliate network, ValiCert is headquartered in Mountain View, California and has operations throughout the Americas, Europe and Asia. More information about ValiCert is available on the World Wide Web at [http://www.valicert.com][2].

[1]: http://www.arcot.com/
[2]: http://www.valicert.com/

Hyatt – AmEx Promotion

As the holidays approach, Hyatt Hotels and American Express are encouraging people to take a break and reconnect with family, friends and loved ones with “Hyatt’s Hometown Getaways” program. In addition to special rates from November through January, Hyatt is offering qualified weekend guests a $50 American Express Gift Cheque to spend however and whenever they choose – all in an effort to provide guests not only with fantastic rates, but also a great reason to spend a few extra dollars in the local economy.

“We always offer excellent holiday rates so our guests can visit with friends and family at this special time of year,” said Wendy Falk, vice president of marketing programs for Hyatt Hotels Corporation. “However, Hyatt and American Express also wanted to take a leadership role in both revitalizing local economies and giving our best customers some spending money to go out and have some fun with. We’re encouraging Hyatt guests to spend the $50 in their own community or in the city they’re visiting.”

>From November 11 through January 31, 2002, Hyatt guests will experience great low rates. Starting November 16, Gold Passport member guests who check in on a Friday or Saturday for two nights, pay a qualifying rate and pay with an American Express Card will receive a $50 American Express Gift Cheque. And, if a guest is not currently enrolled in Gold Passport, Hyatt’s frequent guest program, they can receive an instant membership by signing up at the time of reservation or the front desk. Gift Cheques can be used anywhere and can be replaced if lost or stolen.

“We’re glad that so many people will be able to enjoy the holidays with their loved ones, and we hope the American Express Gift Cheque makes their visit a little more festive,” said Elizabeth Cohen, vice president of Lodging Industries at American Express. “American Express is proud to be working with Hyatt on this initiative to boost local economies.” Below is a sampling of Hyatt’s Hometown Getaway rates:

Hotel Nov. 1-15 Nov. 16-24 Nov. 25-Dec. 13
Midweek $185 $59 $185
Weekend $185 $59 $99
Coral Gables
Midweek $174 $119 $174
Weekend $174 $119 $174
West Hollywood
Midweek $125 $99 $125
Weekend $125 $99 $125
Midweek $189 $129 $189
Weekend $169 $129 $145
Midweek $195 $89 $160
Weekend $115 $89 $115

Hotel Dec. 14-Jan. 5 Jan. 6-31
Midweek $59 $185
Weekend $59 $99
Coral Gables
Midweek $119 $174
Weekend $119 $174
West Hollywood
Midweek $99 $125
Weekend $99 $125
Midweek $129 $189
Weekend $129 $145
Midweek $89 $160
Weekend $89 $115

Guests can book these great rates by calling 800/233-1234, through [http://www.hyatt.com][1] or by contacting their travel agent. Please cite offer code Gift2U if interested in receiving the $50 American Express Gift Cheque.


Promotion Fact Sheet

PROMOTION DATES: November 11, 2001 – January 31, 2002

PARTICIPATING PROPERTIES: All 116 Hyatt Hotels and Resorts in the Continental United States and Canada. Blackout dates may apply.

PROMOTION OVERVIEW: During the promotion period, Hyatt guests will get great rates. Starting November 16, 2001, Gold Passport members who check in on a Friday or Saturday for two nights and pay with an American Express card will receive a $50 American Express Gift Cheque. The cheque acts like cash and can be used anytime, anywhere. And, if a guest is not currently enrolled in Gold Passport, Hyatt’s frequent guest program, they can receive an instant membership by signing up at the time of reservation, at the front desk, or on [http://www.hyatt.com][2]

GREAT LOW RATES: As part of the promotion, Hyatt is offering special holiday rates to encourage people to take a break and reconnect with family, friends and loved ones. For example, at Hyatt Regency Denver rates are as low as $59.

WHY: Hyatt wants to help travelers make the best of their holiday budgets with great rates. Hyatt and American Express are giving customers what they want – an easier way to be with family and friends this holiday season. Additionally, Hyatt and American Express hope to help boost local economies by encouraging Hyatt guests to spend their $50 Gift Cheques while on their trip. Hyatt is working with area Convention and Visitor Bureaus to offer special deals at local merchants.

HOW TO BOOK: Guests can book rates by calling 800/233-1234. Please cite offer code Gift2U if interested in receiving the $50 American Express Gift Cheque.

[1]: http://www.hyatt.com/
[2]: http://www.hyatt.com/

GCA Payment System

Global Cash Access, a supplier of cash access, financial management and customer relationship marketing technologies to the gaming industry, and US Off-Track, a trademark of Greyhound Channel, Inc., which is licensed to conduct simulcasting and pari-mutuel wagering, have signed a letter of intent to develop a proprietary payment system for Internet off-track wagering.

“Internet gaming has become a serious e-commerce factor, but the industry has been challenged by the fund transfer component,” said Kirk Sanford, chief executive officer of GCA. “Payment solutions being used today have experienced a variety of drawbacks, and until now processors have not succeeded in providing an ideal solution to these issues. Through our strategic partnership with US Off-Track, we will provide the much-needed response to payment issues facing the Internet gaming industry. Our network will facilitate safe online gaming transactions, providing a secure form of payment to minimize risk of fraud for both the online site operator and gaming customer.”

The letter of intent outlines the development and use of GCA’s resources as the exclusive payment technology provider for US Off-Track.

GCA already uses Internet technologies to deliver products and services to more than 1,000 gaming properties throughout the U.S., Canada, Caribbean and Europe.

More than 50 percent of all U.S. gaming industry revenue flows through the company’s cash access devices. Each year, GCA processes more than $11.5 billion in funds transfers through approximately 200,000 ATM, credit and debit cash advance and check guarantee transactions daily – more than 75.5 million transactions annually.

“We are extremely excited to partner with the leading and most trusted cash access provider to the gaming industry,” said David Tiano, chief operating officer of US Off-Track. “Their expertise in transaction processing will aid us in developing a system that will provide online merchants with an ideal solution for the payment issues that face the heavily-regulated Internet gaming industry.”

Through its partnership with many of America’s premier racetracks, US Off-Track currently offers information and online wagering opportunities into the co-mingled pools of greyhound, thoroughbred and harness racing throughout the nation. The company participates in responsible gaming and its license is regulated by the State of Oregon.

GCA and US Off-Track project their Internet gaming payment system product will be rolled out in the first quarter of 2002.

About Global Cash Access

Global Cash Access was formed in 1998 and is a joint venture of First Data Corp. and M&C International, Inc. Providing access to the gaming industry’s largest patron database, Global Cash Access uses Internet technologies to deliver funds transfer, financial management and customer relationship marketing services to more than 1,000 gaming properties nationwide. More information on the company is available at [http://www.globalcashaccess.com][1].

About US Off-Track

US Off-Track is a trademark of Greyhound Channel, Inc. US Off-Track holds a Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hub License granted by the Oregon Racing Commission. The license allows the company to conduct simulcasting and pari-mutuel wagering in accordance with Oregon Statutes (ORS 462.725) and is regulated by the State of Oregon. More information on the company is available at [http://www.usofftrack.com][2].

[1]: http://www.globalcashaccess.com/
[2]: http://www.usofftrack.com/


Gemplus International S.A. reported results for the third quarter ended
September 30, 2001.

Revenue for the third quarter was 226 million Euros, which is down 27% from
same quarter a year ago, and down 10% compared to the second quarter 2001.
Telecommunications declined 37% from year ago levels and accounted for 64% of
group revenues. Network Systems grew 22% and accounted for 24% of group
revenues. Excluding the SkiData business, which was divested during the
quarter, Network Systems grew 44% over the third quarter of last year. Other
revenue, which consists of Plastic Magnetic Striped Cards, Contactless Cards
and TAG declined.

Operating loss was 55.3 million Euros, compared with an operating profit of 32
million Euros for the same quarter a year ago. Excluding the 18.1 million Euro
charge for the Humetrix lawsuit, the operating loss was 37.2 million Euros.
Net income for the third quarter was 6.6 million Euros, or 0.01 Euro per fully
diluted share. Net income includes a combined after tax capital gain of 58.4
million Euros from the divestitures of SkiData and the TAGs business as
well as
an 18.1 million Euro charge for the Humetrix lawsuit. Net loss for the
excluding these exceptional items, was 29.7 million Euros, or a 0.05 Euro loss
per diluted share.

According to the company, the third quarter results reflect three key themes:
the unfavorable impact of the continuing weak SIM market, a substantial
reduction in the level of operating expenses, and encouraging mid-to-long term
prospects strengthened by recent developments in both its Telecommunications
and Financial Services businesses.

“Early signs that the SIM card market may be stabilizing encourage us,” said
Antonio Perez, President and CEO. “This is an extremely important segment for
Gemplus. We are also pleased with the continued progress of our Financial
Services business, although we are watching the US economy very closely.
Furthermore, the recent heightened interest in Security and National ID cards
could be a major growth engine for us over the intermediate and longer term.”
He noted, however, “Business conditions in our specific markets and the added
uncertainty in the world economic environment make it too difficult to provide
meaningful guidance for the fourth quarter or for 2002.”

Stabilizing GSM SIM card business, continued progress of Financial
Services, strong performance of the Americas.

The company noted that it is seeing early indications of stabilization in the
GSM SIM market. The company also expects operator inventory levels to be in
balance with end user demand at the end of the year. While this is unlikely to
cause a dramatic increase in GSM SIM card orders this fourth quarter, this can
be viewed as a positive development for 2002.

Regional growth rates were down across all geographies with the exception of
the Americas region, where the 32% increase in revenue was fueled by progress
in the Financial Services multi-application (MAP) card business.

Despite the delay of some shipments into the fourth quarter, as we anticipated
in our September 27 announcement, the Financial Services multi-application
(MAP) business still grew 44%. Although the weakening US economy could further
impact growth rates, Gemplus continues to believe that it is gaining market
share in the very important U.S. market.

Substantial improvement in operating expenses and asset

The actions taken this year to improve financial competitiveness and enhance
strategic corporate focus enabled the company to reduce operating expenses by
15% from the second quarter. This is the lowest level of expenses since Q3 of
last year. Perez stressed, “In addition to the divestiture of the SkiData and
TAG businesses, earlier this year, the continuing implementation of the
restructuring program is well on its way to achieving our 40 million Euros in
annual cost savings objective.”

Furthermore, inventory levels declined 21% during the quarter, as shipments
exceeded receipt of material and as a result of the SkiData divestiture.
Accounts Receivable Days Sales Outstanding (DSO) also declined. The company
finished the third quarter with a 503 million Euro cash balance. Perez noted,
“A full-fledged competitive advantage in itself, our strong cash position
provides enormous flexibility during challenging market environments such as

Encouraging mid-to-long term prospects strengthened by recent
developments in both the Telecommunications and Financial

Perez cited plans by two major US mobile operators to offer GSM and GPRS
service in the U.S. “These developments combined with recent indications that
GPRS service will be available in several regions of the world by mid-2002
signal a potential return to much healthier SIM card sales growth rates next
year. Furthermore, our MAP business continues to grow, particularly in the

In closing, Perez stated, “With this as a backdrop, we have been able to
our level of operating expenses, improve our asset performance and enhance our
strategic focus. These combined actions should help us speed our return to
profitability as the market improves.”

GEMPLUS: the world’s number one provider of solutions empowered by Smart Cards
(Gartner Dataquest 2001).
Gemplus helps its clients offer an exceptional range of portable, personalized
solutions that bring security and convenience to people’s lives. These include
mobile Internet access, inter-operable banking facilities, e-commerce and a
wealth of other applications.

Gemplus is the only completely dedicated, truly global player in the Smart
industry, with the largest R&D team, unrivalled experience, and an outstanding
track record of technological innovation.

Gemplus trades its shares on Euronext Paris S.A. First Market and on the
Stock Market(R) as GEMP in the form of ADSs. Its revenue in 2000 was 1.205
billion Euros. It employs 7800 people in 37 countries throughout the world.

Gemplus: Your Passport to the Digital Age

TRM 3Q/01

OR-based TRM Corporation reported third quarter revenue of $19.8 million up 3% from the third quarter of 2000. The net income loss for 3Q/01 was $1,090,000 compared to $1,067,00 for 3Q/00. The TRM e-commerce unit generated a pre-tax loss of $0.8 million for the quarter. As of Sept. 30th, the company has installed 1,939 ATMs in the U.S. and the U.K. and 31,566 CopyCenters in North America and Europe. TRM has completed an agreement to restructure its French operations by selling all of the assets of its French subsidiary to a new company formed by the local management. For complete details on TRM’s 3Q/01 results visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

Clear Blue Discover

Riding the wave of translucent credit cards, Discover launched this month a clear, blue ‘Platinum’ card. The card, promoted as “Very Now” and “Very Cool”, is clearly playing off of the American Express smart ‘Blue Card’ and the Providian’s clear ‘smart VISA’ cards. Discover has yet to launch a smart card, but this year has adopted the motto: “For the Slightly Smarter Consumer”, according to CardWatch ([www.cardwatch.com][1]). Like other current offers, the Discover clear blue ‘Platinum’ card is offering a 0% APR for new purchases and balance transfers. The 0% rate is applicable until next June. Capital One is currently offering a 0% APR through July, while Citibank has also extended its 0% interest rate on balance transfers through next July. According to CardWatch, the most aggressive offer in the marketplace from a major issuer comes from Chase, which is offering a 12-month 0% APR on balance transfers.

[1]: http://www.cardwatch.com