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Retail Solutions- Briefs

Retail Solutions- Briefs

Retail Solutions- Briefs

EftNet Technologies set to list via EftposEftpos service provider EftNet Technologies released a prospectus last Friday seeking to issue 17,250,000 shares at 20 cents each.

The venture will generate capital of $3.4 million that EftNet is planning to use for expansion.

Investors will be able to use credit cards, Eftpos and cheques to pay for shares, something managing director Marc Bonnel understands to be a first for the Australian Stock Exchange.

The company's earnings for the year from June 30, 2000 to June 30, 2001 are expected to be $2,689,181.

An official Telstra partner, Bonnel said EftNet is planning on taking advantage of what he believes will be a 50 per cent increase in the number of retail stores using Eftpos over the next three years.

EftNet is a recommended supplier to Bank West and provides electro- nic transaction systems to Cash Converters, Foodland Stores Aherns, Newspower and Eagle Boys Pizza.http://www.eftnet.comeBay to launch 50 more sitesOnline auctioneer eBay will launch 50 more sites, modelled after its eBay LA site in Los Angeles, during the next three months, the company's chief executive said last week.

Margaret Whitman, president and chief executive officer of eBay, said that the test marketing of the local eBay LA site, designed to allow users to auction merchandise such as fur-niture that can't be cost-effectively shipped across the US, was so successful that the company plans to have similar sites up and running in the 50 largest metropolitan areas in the US by the end of the year.http://www.ebay.comNew Platinum games to boost salesGT Interactive last week added sev-eral new titles to its Platinum PC range, including Grand Theft Auto, Unreal, Powerslide, Army Men from 3DO and Oddworld Abe's Exodus.

The Platinum PC games will be available this month from retailers such as Harvey Norman, Big W, Target, Myer/Grace Bros and Woolworths.

The more proactive games such as Grand Theft Auto will retail at $29.95, other titles will sell for $19.95 and are available on CD-ROM for Windows 95/98.

GT Interactive expects that the new games will push sales from its current 350,000 units to over 500,000 by Christmas.http://www.gtinteractive.com.au


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