NEWS RELEASE
February 23, 2000
For Immediate Distribution
Global eTelecom, Inc. announces strategic alliance with CrossCheck, Inc.
Destin, Florida - Global eTelecom, Inc., the nation's premier electronic payment processor, announced today that they have formed a strategic alliance with CrossCheck, Inc. of Rohnert Park, California to jointly market their services. This alliance allows CrossCheck to provide Global eTelecom's processing services as part of CrossCheck's extensive line of check payment services.
CrossCheck processed over 6.5 Billion dollars in Guaranteed Check transactions for merchants in the US in 1999, and has contracted with Global eTelecom to provide it's proprietary Electronic Check Processing Services for their merchants in the United States and it's Territories.
"This alliance allows us to offer our mechants a comprehensive set of payment services to chose from," stated J. David Siembieda, Executive Vice President of Sales and Marketing at CrossCheck. "Global eTelecom provides excellent technology to meet the high standrds and demands of today's marketplace. We look forward to working with them," added Siembieda.
“Our relationship with CrossCheck is a perfect fit for both of our respective companies. CrossCheck is the premier payment guarantee company in the United States, and their operational philosophy, commitment to customer service, and dedication to being the best in their field mirrors ours,” says Michael J. Smith, Vice President of Sales & Marketing for Global eTelecom. Adds Smith, “We are excited to be able to offer our services and technology driven solutions to their merchants.”