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Press Releases

BRUCE HALLETT JOINS eCatOnly BOARD OF DIRECTORS
Orange County's "Mr. Dot-com" Adds High-Tech Legal Expertise to Internet Payment Solutions Company.

NEWPORT BEACH, Calif., March 29, 2000 - eCatOnly, provider of innovative Internet payment infrastructure solutions, today announced that noted corporate and securities attorney Bruce R. Hallett has been named to the company's board of directors.

As the lead partner of the Irvine, Calif.-based law firm Brobeck, Phleger & Harrison, Hallett has garnered extensive experience in representing emerging growth, technology, telecommunications, software and electronic commerce companies. Such expertise has earned Hallett the nickname "Mr. Dot-com of Orange County." His area of practice also involves the legal execution of public offerings, private venture financings as well as mergers and acquisitions.

"They are pleased to be able to tap into Bruce's extensive experience in the intricate and highly-competitive world of eCommerce, which will provide them with an added level of expertise and direction as they map out their own aggressive growth strategy," said Dennis Andrews, chairman and CEO of eCatOnly. "As eCommerce continues to grow, security and privacy issues are becoming more prevalent and eCatOnly is poised to take a leadership position by offering an alternative solution to Internet credit card payments."

About eCatOnly
eCatOnly, based in Newport Beach, Calif., is an Internet technology company focused on building the infrastructure necessary to enable non-credit based payment solutions for online transactions. The company's first product, the highly-scalable ePAID system, provides major distribution partners the opportunity to issue their own branded prepaid instruments for consumers to use for online purchases in an environment that provides unprecedented security, total anonymity and is not dependent on credit systems in any way.

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