An update from Robert Simoneau, Inventor of the C-Chip and President of Credit-Chip Corporation

Apr 19, 2001, 01:00 ET from Credit-Chip(TM) Corporation

    MONTREAL, April 19 /PRNewswire/ - Credit-Chip(TM) Corporation, a wholly-
 owned subsidiary of Equilar Capital Corporation Trading Symbols: EQLR
 (Canadian Unlisted Board), EQLRF (NASD), developer of the proprietary C-
 Chip(TM) technology is attracting more and more attention worldwide with the
 introduction of the C-Chip(TM) technology and as our company is accessing the
 public market, I wanted to share the many successes of our efforts.
     While the elements, which constitute the base of the C-Chip wireless
 technology, were put together over the past few years, Credit-Chip Corporation
 was formed in April 2000. Credit-Chip has since assembled a powerhouse team of
 professionals to find suitable financial and product partners and create
 global awareness, filed two patents and trademarks, and furthered developments
 in product applications.
     C-Chip's versatility challenged us to develop applications that addressed
 the different demands of its multiple markets. The designs we created
 demonstrated proof of concept to health care providers, electronics
 manufacturers, office equipment distributors, banks and insurance companies,
 to name just a few. The response at every level has been extremely positive,
 ranging from actual bookings to indication of substantial orders at various
 stage of maturity.
     We started marketing our product early in 2001. So far, our limited
 exposure has brought results surpassing our wildest dreams. Some of the
 largest national and international companies have expressed the desire to test
 our product, develop specific applications, and/or partner with us to help
 speed our growth. Many of our proposed partners have representation covering
 entire countries or continents. Partnering with global, or at the least
 national, market-leaders for licensing and outsourcing, we expect to achieve
 rapid world-wide penetration, without the burden of building marketing and
 sales teams for each market segment and geographic territory.
     The first phase of market penetration is the after market, and involves
 office equipment, cars and other rolling stock. The second phase is the
 integration of the C-Chip as part of the manufacturing process. This will be
 enabled by Very Large Scale Integration which reduces the present C-Chip chip-
 set to a chip, reduces the cost to a fraction of present, and thus permits
 much wider scale integration. We are presently seeking our first outside
 financing that will allow us to start the VLSI process, increase our marketing
 effort, and accelerate our research. Credit-Chip Corporation has gone public
 by means of a reverse take-over by Equilar Capital Corporation, symbol EQLRF.
 By the time you read this, we may already be trading.
     Looking to our future, I am confident that we will become the global
 standard in the profit enhancing risk-management industry, as the first of
 many applications The C-Chip will be embedded within products that are
 manufactured in volume by some of the world's largest and most successful
 companies. As such, our growth should be nothing short of spectacular as we,
 in effect, piggyback on the success of our partners. We invite your inquiries,
 for either product application or investment.
     For those not familiar with the C-Chip(TM) technology, the base concept
 was invented to fill a the market opportunity created by the high cost of
 unauthorized or unpaid use of various products. Presently, a supplier of
 service such as long distance, will stop supplying the service in the event of
 non-payment, while on the other hand, a leasing company might supply months of
 free use of a photocopier before it can take action. The C-Chip levels the
 field. Products incorporating the C-Chip can be selectively enabled (turned
 on) or disabled (turned off) at will from virtually anywhere in the world.
 Effectively, the technology enables the control of use of goods and services
 remotely without physical intervention. Other applications such as the control
 of pay-per-use and others create huge opportunities. Detailed information on
 the technology and its multiple applications is available on our web site at
 Credit-Chip.com
 
     FORWARD-LOOKING-STATEMENT
     Statements in this news release looking forward in time involve risks and
 uncertainties, including the risks associated with the effect of changing
 economic conditions, trends in the market, technology, seasonality and other
 risk factors. Such forward-looking statements are not guarantees of
 performance and Credit-Chip% actual results could differ materially from those
 contained in such statements.
 
 

SOURCE Credit-Chip(TM) Corporation
    MONTREAL, April 19 /PRNewswire/ - Credit-Chip(TM) Corporation, a wholly-
 owned subsidiary of Equilar Capital Corporation Trading Symbols: EQLR
 (Canadian Unlisted Board), EQLRF (NASD), developer of the proprietary C-
 Chip(TM) technology is attracting more and more attention worldwide with the
 introduction of the C-Chip(TM) technology and as our company is accessing the
 public market, I wanted to share the many successes of our efforts.
     While the elements, which constitute the base of the C-Chip wireless
 technology, were put together over the past few years, Credit-Chip Corporation
 was formed in April 2000. Credit-Chip has since assembled a powerhouse team of
 professionals to find suitable financial and product partners and create
 global awareness, filed two patents and trademarks, and furthered developments
 in product applications.
     C-Chip's versatility challenged us to develop applications that addressed
 the different demands of its multiple markets. The designs we created
 demonstrated proof of concept to health care providers, electronics
 manufacturers, office equipment distributors, banks and insurance companies,
 to name just a few. The response at every level has been extremely positive,
 ranging from actual bookings to indication of substantial orders at various
 stage of maturity.
     We started marketing our product early in 2001. So far, our limited
 exposure has brought results surpassing our wildest dreams. Some of the
 largest national and international companies have expressed the desire to test
 our product, develop specific applications, and/or partner with us to help
 speed our growth. Many of our proposed partners have representation covering
 entire countries or continents. Partnering with global, or at the least
 national, market-leaders for licensing and outsourcing, we expect to achieve
 rapid world-wide penetration, without the burden of building marketing and
 sales teams for each market segment and geographic territory.
     The first phase of market penetration is the after market, and involves
 office equipment, cars and other rolling stock. The second phase is the
 integration of the C-Chip as part of the manufacturing process. This will be
 enabled by Very Large Scale Integration which reduces the present C-Chip chip-
 set to a chip, reduces the cost to a fraction of present, and thus permits
 much wider scale integration. We are presently seeking our first outside
 financing that will allow us to start the VLSI process, increase our marketing
 effort, and accelerate our research. Credit-Chip Corporation has gone public
 by means of a reverse take-over by Equilar Capital Corporation, symbol EQLRF.
 By the time you read this, we may already be trading.
     Looking to our future, I am confident that we will become the global
 standard in the profit enhancing risk-management industry, as the first of
 many applications The C-Chip will be embedded within products that are
 manufactured in volume by some of the world's largest and most successful
 companies. As such, our growth should be nothing short of spectacular as we,
 in effect, piggyback on the success of our partners. We invite your inquiries,
 for either product application or investment.
     For those not familiar with the C-Chip(TM) technology, the base concept
 was invented to fill a the market opportunity created by the high cost of
 unauthorized or unpaid use of various products. Presently, a supplier of
 service such as long distance, will stop supplying the service in the event of
 non-payment, while on the other hand, a leasing company might supply months of
 free use of a photocopier before it can take action. The C-Chip levels the
 field. Products incorporating the C-Chip can be selectively enabled (turned
 on) or disabled (turned off) at will from virtually anywhere in the world.
 Effectively, the technology enables the control of use of goods and services
 remotely without physical intervention. Other applications such as the control
 of pay-per-use and others create huge opportunities. Detailed information on
 the technology and its multiple applications is available on our web site at
 Credit-Chip.com
 
     FORWARD-LOOKING-STATEMENT
     Statements in this news release looking forward in time involve risks and
 uncertainties, including the risks associated with the effect of changing
 economic conditions, trends in the market, technology, seasonality and other
 risk factors. Such forward-looking statements are not guarantees of
 performance and Credit-Chip% actual results could differ materially from those
 contained in such statements.
 
 SOURCE Credit-Chip(TM) Corporation