--- begin forwarded text Reply-To: <sjl@sjl.net> From: "Scott Loftesness" <sjl@sjl.net> To: <dbs@philodox.com> Subject: DigiCash Inc. to File Reorganization, Seeks Partners to Drive eCash Forward Date: Wed, 4 Nov 1998 12:32:56 -0800 Mime-Version: 1.0 X-Priority: 3 (Normal) X-Msmail-Priority: Normal Importance: Normal X-Mimeole: Produced By Microsoft MimeOLE V4.72.3110.3 Sender: <dbs@philodox.com> Precedence: Bulk List-Subscribe: <mailto:requests@philodox.com?subject=subscribe%20dbs> X-Web-Archive: http://www.philodox.com/dbs-archive/ FYI... DigiCash Inc. to File Reorganization, Seeks Partners to Drive eCash Forward PALO ALTO, CALIF.--November 4, 1998 DigiCash Inc. has announced that it is entering into a Chapter 11 reorganization to allow it to pursue strategic alternatives for its electronic cash ("eCash" ) products and the associated intellectual assets pioneered by DigiCash. According to Scott Loftesness, interim CEO of DigiCash, "The company is exploring a range of potential alternatives including working with major strategic players to finance the market development of eCash or the sale and/or licensing of the Company's intellectual property portfolio." Loftesness added, "eCash, as it has been developed by DigiCash, is an important and inevitable payment solution in the world of global electronic commerce." The DigiCash payment solution is currently in use by leading banks in Europe and Australia. These banks have deployed the DigiCash eCash solution and continue to add to their respective consumer and merchant eCash acceptance networks. DigiCash's eCash payment solution offers a secure, low cost and private payment option to consumers for payments of any amount. The intellectual property owned by DigiCash consists of a series of patents, protocols, and software systems that were specifically designed to be privacy protecting for consumers and which also enable other applications like online electronic voting. The ability to pay privately, without revealing personal information, and avoiding the capture of personal transaction information for marketing or other subsequent uses is a growing concern among consumers globally. Contact: Scott Loftesness: (650) 798-8183 or via email: sjl@sjl.net --- end forwarded text ----------------- Robert A. Hettinga <mailto: rah@philodox.com> Philodox Financial Technology Evangelism <http://www.philodox.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'