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I found the following article on Bloomberg Forum:

CyberCash Expects New E-Commerce Customers: Bloomberg Forum

Bloomberg News
January 27, 1999, 11:37 a.m. PT
CyberCash Expects New E-Commerce Customers: Bloomberg Forum

New York, Jan. 27 (Bloomberg) -- CyberCash Inc., a pioneer
in Internet-commerce software, expects to sign up ``one or two
major financial institutions' this year to help it finally turn
profitable, President James J. Condon said.

Condon mentioned prospects including Citigroup Inc.'s
Citibank, Barclays PLC's Barclays Bank ``or maybe an American
Express' Co. as possible customers for handling credit-card
electronic commerce, he told the Bloomberg Forum.

Barclays, Britain's second-largest bank in terms of assets,
had worked with the Reston, Virginia-based company to offer
BarclayCoin, its version of CyberCash's CyberCoin foreign-
exchange service.

CyberCash already has a credit-card partnership with the
First USA Inc. division of Bank One Corp.

That's one reason why the company is processing more than
``3 million purchases with an aggregate value on the order of
$300 million' each month, Condon said. That's about four times
the amount a year ago.

Yesterday, CyberCash reported its fourth-quarter loss
widened to $8.15 million, or 46 cents a share, from $5.3 million,
or 48 cents, a year earlier. It had been expected to lose
48 cents a share, the average estimate of four analysts polled by
First Call Corp. Revenue more than doubled to $4.4 million from
$2 million.

Year-End Profitability

``We'll be profitable by the end of this year,' said
Condon, 42, who was promoted to the president's job Jan. 11 after
10 months as chief operating officer. ``By the fourth quarter
we'll have cash-flow profitability.' By 2000's first quarter, he
said, the company will be ``just about right.'

Condon said he's confident the company's strategy to offer
commerce-verification software to merchants will be a success
with consumers, who've grown accustomed to shopping online at
Amazon.Com Inc., the biggest Internet bookseller, or through
Yahoo! Inc., the most-popular Internet directory. Neither is a
CyberCash partner.

SoftBank Corp. of Japan, which owns about 6 percent of
CyberCash, also owns about 30 percent of Yahoo!

``Consumer ask the question, `If I can do this one-click
shopping at, why can't I do it everywhere?' ' Condon

--David Zielenziger in the New York newsroom (212) 318-2304/jcn

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