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All Press Releases for June 23, 2000 Subscribe to this News Feed    
 

100% ACCURATE DIGITAL COMMITMENT TO CONSUMER PROTECTION

FOR IMMEDIATE RELEASE

Contact: Lee Hempfling, Dane Arr
480-429-8539,480-251-9781
Fax: 775-521-8409

MEDIAIS CORPORATION ANNOUNCES 100% ACCURATE DIGITAL
SIGNATURE COMMITMENT TO CONSUMER PROTECTION.

SCOTTSDALE, Ariz. - June 16, 2000 Mediais Corporation, the
Scottsdale Arizona developer of the Internet financial solution
Ching! today announced its release of the solution for traditional
brick and mortar 100% accurate digital signature identification.

By marrying one of our culture's oldest values -- the commitment
to consumer protection -- with the strongest and newest technologies,
Mediais Corporation has achieved the full measure of the benefits
that commerce has to offer both on and off line and is able, through
their advanced development of anticipated solution needs to
immediately release the documentation for a new technology that
will create the digital identification method unable to be victimized.
By utilizing this advance in sub-electronic and replicated
intelligence technology the concerns of a vast majority of Americans
are able to be made comfortable when using the technology of the
Ching! New Net Commerce System in offline financial transactions.

On June 16th, 2000 Reuters News Service reported in "Senate approves
e-signature measure", "A measure that gives electronic signatures
and documents the same force in law as their paper counterparts won
unanimous approval in the U.S. Senate on Friday, two days after the
House passed the bill. Under the proposed law, consumers and
businesses will be able to sign checks, complete loan applications
and contract services all online in a further broadening of
e-commerce.
    
On February 21, 2000 Mediais Corporation of Scottsdale, Arizona
released the first documentation relating to the Ching! New Net
Commerce System. Ching! is the system name for the financial
conversion unit called Ching. The system Ching! is a financial
account management and protective trust mechanism designed for
use both on and off the Internet created in response to meeting
the solution challenge requirements cited by all Internet consumer
survey results acquired to the date of release.

On the same date, Mediais Corporation closed its acquisition of
Neutronics Technologies Corporation, acquiring sole ownership of
the sub-electronic, replicated intelligence technology formerly
known as the Neutronics Dynamic System and Correlational Opponent
Ratio Enhanced theory. Prior work completed under the former name
included visual recognition technology based on the sub-electronic,
replicated intelligence technology. Since being acquired by Mediais
Corporation, the sub-electronic, replicated intelligence technology
has entered the digital software age in the form of two beta programs
located online. The Internet Stress Test
http://www.mediais.com/stresstest.cgi and "Alias" at
http://www.mediais.com/alias.cgi are both programmed in the
non-instructional software protocol APE (Architectural Programming
Environment), the digital version of replicated intelligence
without using processing speed enhancements (the programs are low
level intellect, sub-conscious software environment processors).

Reuter's continued: "Additionally, the measure will allow companies
to replace paper records with electronic records but allow regulators
to define document integrity standards that are required to insure
against fraud, according to (Arizona Senator John) McCain."

The most important requirement regulators will create will be a
dependency value limit. Systems seeking approval for regulation
compliance must display a repeatable, bonafide acceptable level of
correct identification in order to be permitted to sell their
technology.

Mediais Corporation has declared its sub-electronic, replicated
intelligence Biobotic visual recognition system to be 100% accurate
in identifying individuals, jewelry, children, possessions and cat's
tails under rocking chairs as attached to a cat.

Mediais Corporation believes that the definition of acceptable
identification adopted by federal regulators must be nothing short
of 100%. This perspective is the one held by Americans of every kind.
To lower the constitutional limits placed on the presumption of
innocence by accepting anything other than beyond a reasonable doubt
would be a travesty to the founding fathers.

A presumption of innocence and being beyond a reasonable doubt about
a person's guilt or innocence is what makes this country stand out
among its peers. Consumers being asked to use a system that could
not, by acceptable standards, be trusted means that President William
Jefferson Clinton will sign a law that cripples e-commerce.

Until this bill e-commerce only had one weak spot in its financial
transaction system. It was the e-store the transaction had to pass
through. One has never read a news report of a credit card number
theft from a credit card processor or from the encrypted transmission
over the Internet of a credit card number. Under this original
evolved system a credit card number (the only form of verifiable
identification (without the use of a PIN!) used in online
transactions is never corrupted. There is a 100% chance that the
holder of that card is indeed the holder of that card, whether the
holder is the account owner or not.

The question of guilt or innocence of the card holder is born by the
merchant in theft losses and by the consumer in minimum $50.00
mandates and continued degrading of trust in any online transaction.
While companies across the world have developed tougher personal
identification technologies the question of trust is moot. By adding
a (dependency value approved, less than correct) third party
electronic process into the transaction stream the transmission and
card provider elements, the only trustable elements of current
Internet transactions are rendered a disaster.

Card processors will refuse to process credit card orders when used
in conjunction with less than 100% accurate identification systems.
It will take a law suit or two but it will destroy the intent of
this bill. All other forms of financial transmissions will degrade
as a result of the public backlash to being instantly afraid of
telling anyone anything online.

The Ching! New Commerce System plugs the holes in the evolved
Internet financial processing method and provides verifiable trust
enticements to increase e-commerce without the use of additional
identification methods.

Using Ching! offline is enhanced to an accuracy no less than perfect
by adding the Corect System. Corect is the facial recognition product
system by Mediais Corporation, http://www.mediais.com/corect , a full
function replicated intelligence hybrid electronic cash register
companion.

Reuters: "By marrying one of our oldest values -- our commitment to
consumer protection -- with the newest technologies, we can achieve
the full measure of the benefits that e-commerce has to offer,"
(President William Jefferson) Clinton said in a statement."
    
                                 ###

ABOUT MEDIAIS CORPORATION: Mediais Corporation, Scottsdale Arizona
was formed in February, 2000 by Chairman, CEO Lee Hempfling,
President COO Dane Arr and Executive Vice President Jay Nance to
provide solutions to problems effecting the future growth of
Internet Commerce. Mediais Corporation is a privately held Arizona
Corporation funded by its founders.

ADDITIONAL INFORMATION:

Mediais Corporation
8485 E. McDonald Drive #201
Scottsdale, AZ 85250
lkh@mediais.com
darr@mediais.com
jnance@mediais.com

COMPANY INTERNET DOMAINS:

http://www.mediais.com
http://www.gotching.com
http://www.paymeview.com
http://www.myching.com
http://www.mediais.com/thereware/
http://www.enticypress.com

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CONTACT INFORMATION
Lee Hempfling
Mediais Corporation
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