Hartco Inc HCIZF

smartcards

[8PITBULL]

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Quick Quote: T.HCI 0.26 (-0.01) AcSys US and Global TeleMedia Finalize First Stage of Agreement 2/9/01 HERITAGE CONCEPTS INTERNATIONAL INC ("HCI-T") GLOBAL TELEMEDIA INTERNATIONAL, INC ("GLTI-L") - AcSys US and Global TeleMedia Finalize First-Stage of Agreement Heritage Concepts International Inc.'s (HCI) US affiliate AcSys Biometrics USA, Inc. and BentleyTel.com Inc. a multi-national corporation and subsidiary of Global TeleMedia International, Inc., a California-based company clarify their reciprocal technology agreement. AcSys will receive monthly fees under the agreement for the BentleyTel AcSys Card. The fee structure is tier-based on a per-card basis. Expected revenues on the first 2,000 machines should equate to a minimum of US$ 1.0 million in licensing fees for the first year. AcSys expects deployment to reach 10,000 machines over a three-year period. "We are delighted to be providing news with revenue forecasts, said Jerry Janik, AcSys' president. "To not only create the first card of its kind for our stakeholders, but also to see the outcome of our efforts monetized is especially gratifying. We look forward to continuing our alliance with BentleyTel in the Smart Card industry." As previously announced, the agreement provides that AcSys US, which owns the exclusive worldwide Holographic Quantum Neural Technology (HNeT) license for face and speech recognition applications through its parent AcSys Biometrics Inc., will contribute HNeT to Global's majority-owned subsidiary, BentleyTel.com for use in the BentleyTel Smart-e-Card to create the BentleyTel AcSys Card. The BentleyTel AcSys Card is expected to be sold via the Internet, telemarketing and provided to large employers and government departments. Jonathon Bentley-Stevens, president of Global TeleMedia, said, "The BentleyTel AcSys card is unique and, to date, we believe there are no other cards in the reportedly $6 billion smart card market that offer such a broad range of features. We believe a great future is in store for this card." Global TeleMedia International, Inc., located in Newport Beach, California, through its BentleyTel.com subsidiary, (www.bentleytel.com) is a leading developer of interactive software for complex E-commerce solutions, multi-media and high speed Internet and wireless communication systems, including international & long distance Voice over IP, LAN VPN (Virtual Private Network), ISP, Virtual ISP, and PC-PC, PC-Phone transmission of data and voice. It also owns manufacturing and telecom, ISP, and software development facilities in Australia, Malaysia and the Philippines. AcSys Biometrics USA Inc. is a wholly owned subsidiary of AcSys Biometrics Inc., a subsidiary of HCI. AcSys Biometrics is the leading-edge provider of facial recognition through its exclusive worldwide license for face and speech recognition based on Quantum Holographic Neural Technology (HNeT) with applications for the financial, manufacturing, security and medical sectors. HCI is a diversified, Burlington, Ontario-based, Canadian- controlled company operating in this new economy through autonomous subsidiaries and partnerships. HCI trades on the Toronto Stock Exchange. SAFE HARBOR STATEMENT This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which could cause the company's actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, among others, the availability of funds and resources to pursue R&D projects, the ability of the company to take advantage of the business opportunities in the technological industry, uncertainties related to the regulatory process and general changes in economic conditions. Investors should consult the company's ongoing quarterly and annual filings with the Canadian securities commissions for additional information on risks and uncertainties relating to the forward-looking statements. The company cautions investors not to rely on these forward-looking statements. The company does not undertake to update these forward-looking statements. TEL: [phone] Darlene Marks, Director, Communications, FAX: [phone] Heritage Concepts International Inc. Email: [e-mail] TEL: [phone] Global TeleMedia International Inc., Action Stocks Email: [e-mail] ______________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:[phone] All rights reserved. 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