Pacific Nakon International invests $20,000,000 of asset backed corporate bonds into eConnect to aggressively develop strategic relationships to introduce eCashPad and Bank Eyes Only service to China and other Far East countries

Salt Lake City, July 9, 2002: Pacific Nakon International today announced that $20,000,000 in asset backed corporate bonds have been transferred to eConnect (ECNC:OTCBB) for the purpose of aggressively developing the Asian market place for Bank Eyes Only eCashPad gaming and other business and personal applications.

Salt Lake City, July 8, 2002: Pacific Nakon International today announced that $20,000,000 in asset backed corporate bonds have been transferred to eConnect (ECNC:OTCBB) for the purpose of aggressively developing the Asian market place for Bank Eyes Only eCashPad gaming and other business and personal applications.

"We are very impressed by the ease of use of the eCashPad and more importantly the very flexible Bank Eyes Only platform that eConnect has developed. We have very substantial Asian partners who are quite excited by the possibilities and different applications that the eCashPad offers and have now completed an agreement with eConnect to jointly develop these very lucrative markets," stated Lamar N. Jensen, Chairman & Chief Executive Officer of Pacific Nakon.

The eCashPad is a revolutionary, inexpensive, home hardware device now being deployed by eConnect that enables Internet consumers to swipe their credit cards at Bank Eyes Only enabled web sites and to also send cash payments by either a prepaid or value added eCashCard at the web merchant site. The eCashPad readily lends itself to home originated gaming applications. More information on the eCashPad can be found at www.ecashpad.tv.

Pacific Nakon International is a multi-national organization operating in four divisions; An Energy & Mining Division, Real Estate and Financial Services Division, Health Services Division and an International Trade Division. The International Trade Division has established contacts with subsidiary companies and related companies in China, Thailand, Singapore and Hong Kong and will be utilized to expand eConnects eCashPad into those countries. The Financial Services Division will utilize its banking contacts to expand the eCashPad as well. More information on Pacific Nakon International can be found at www.pacificnakon.com.