Monday April 2, 9:03 am Eastern Time
Press Release
Strategic Profits Inc. Releases Beta Version 1.0 of Recurring Credit Card
Transaction Program
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 2, 2001--Strategic
Internet Investments Incorporated (the ``Company''), today announced that
Strategic Profits Inc. (``SPI''), ``traded publicly through the Company (SPI's
parent), under the symbol OSWE -- OTC:BB,'' has released its beta version 1.0 of
its recurring batch software.
SPI will have the basic batch virtual POS terminal ready for beta testing
within two weeks. SPI has been a secure payment service providers since 1997,
and provider of e-solutions since 1994.
The recurring batch software will provide merchants with the ability to
generate a database of recurring credit card transactions through a Windows
based software application. The transactions will then process automatically
according to the schedule the merchant sets up. An e-invoice and e-receipting
functionality will also be provided within the application. The interface is
user-friendly, creates browser-based reports and allows the database to be
downloaded to other desktop applications. This system will work in conjunctions
with SPI's existing Verifone Payworks 3 payment engine and become part of the
PayPaq(TM) stable of payment applications.
``This application will provide merchants that have recurring monthly credit
card billings, like membership fees, subscriptions or payment plans, etc. with a
simple to use desktop application that automates the process,'' says Catherine
Clarke Luckhurst, President and CEO of Strategic Profits, Inc. ``Merchants can
now realize the following benefits: less manpower -- as re-keying credit card
data is no longer required; less errors -- data is only input once; better
record keeping -- management reports are built in; sensitive data can be kept
within one secure and encrypted application.''
About Strategic Profits, Inc.
SPI has been providing Internet commerce solutions to small and medium
enterprises, not-for-profit and charities since 1994 including secure credit
card transactions since 1997. SPI provides full Internet service offerings
including online education, web hosting and design, Internet marketing, secure
shopping cart and payment order systems, as well as secure payment transactions
through Moneris Solutions and through out North American with GPS. Secure cash
transactions are available through their partners, Hyperwallet.com! In 1998 SPI
launched the communitystorefronts.com e-commerce pilot with their consortium
partners Industry Canada, Royal Bank of Canada. Today, communitystorefronts.com
is a fully commercialized portal offering online shopping, fundraising, and
turnkey e-commerce solutions. http://www.strategicprofitsinc.com.
Feb. 1, 2001 SPI, HP Canada Ltd. and TELUS announced an alliance to deliver a
new generation secure Internet-based credit card payment service...PayPaq(TM)!
Statements regarding financial matters in this press release other than
historical facts are ``forward-looking statements'' within the meaning of
section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The company intends that such statements about
the Company's future expectations, including future revenues and earnings, and
all other forward-looking statements be subject to the safe harbors created
thereby. Since these statements (future operational results and sales) involve
risks and uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
Contact:
