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[GHOSTBUSTER]

BW)(VA-CYBERCASH)(CYCH) CyberCash Reports Second Quarter and First Half Results

Business Editors

RESTON, Va.--(BUSINESS WIRE)--July 27, 1999--CyberCash, Inc.
(Nasdaq:CYCH), the leader in e-commerce technologies and services for
merchants, today announced financial results for the second quarter
ended June 30, 1999.
CyberCash reported revenues of $4.3 million, up over 70 percent
from the $2.5 million reported for the same period last year. The
Company reported a net loss per share of ($0.54) for the three months
ended June 30, 1999 versus a loss of ($0.68) in the second quarter of
1998.
As previously announced on July 14, net loss per share was
greater than analysts` expectations due principally to changes in the
rapidly-evolving market for digital wallets, which has caused a delay
in the recognition of revenues from the Company`s new Agile Wallet
Platform (TM) and InstaBuy (TM) "one-click" shopping service.
For the six months ended June 30, 1999, the Company reported
revenues of $8.9 million, an increase of more than 140 percent over
the same period last year, when the Company had revenues of $3.6
million. Net loss per share was ($0.94) compared with ($1.21) for the
six months ended June 30, 1998.
In the second quarter, CyberCash`s payment business remained
strong and continued to grow through new initiatives intended to
provide its customer base with solutions that accelerate and simplify
e-commerce. CyberCash increased the number of merchants using the
CashRegister service to approximately 13,000, adding over 1,100 per
month, both the highest in the Company`s history. CyberCash credits
strategic distribution partnerships, like those with INTERSHOP,
Concentric and Compaq to provide integrated e-commerce solutions, for
much of this growth.
The Company also expanded its suite of offerings and technology
platform during the second quarter through its acquisition of Tellan
Software, Inc., which was completed on July 23, 1999. Tellan produces
payment processing software for merchants to use in physical and
Internet points-of-sale, and for e-commerce service providers as part
of an overall merchant store hosting solution. CyberCash also launched
its CashRegister OnDemand service in beta form in April, 1999.
CashRegister OnDemand is a simplified, Web-based version of
CyberCash`s successful CashRegister service targeted at first-time
merchants.
During the second quarter and through the remainder of the year,
CyberCash is placing significant emphasis on the distribution of its
electronic wallets and the InstaBuy service to consumers through key
channel partners. In July, MBNA announced plans to offer the InstaBuy
service on the Agile Wallet platform to merchants under its own brand,
MBNAbuy, as part of a pilot project. This is the second partnership
the Company has secured with a major credit card issuer to distribute
the InstaBuy service on the Agile Wallet platform. In addition, First
USA, CyberCash`s first financial institutional partner, will be
offering an electronic wallet based on the InstaBuy Agile Wallet
platform to its more than 58 million cardmembers under a bank-branded
name. CyberCash also is offering all its existing and future
CashRegister service merchants the opportunity to sign up for the
InstaBuy service capability free of charge through October 1, 1999.
In further efforts to encourage rapid widespread adoption of the
InstaBuy service by merchants, CyberCash added a `Form Wizard`
capability to the InstaBuy service, allowing consumers to
automatically complete a sales transaction at a merchant site without
having to manually fill in the purchase information. CyberCash also
joined e-commerce leaders IBM, MasterCard, Microsoft, Sun Microsystems
and others in announcing the new "Electronic Commerce Modeling
Language"(ECML) standard, a universal model for digital wallets and
payment and shipping Web pages.
CyberCash continued to bring value-added services to merchants
through an announced partnership with NetGravity and an investment it
plans to make in Commission Junction. Both of these companies provide
merchants with a highly efficient and effective way to leverage online
advertising and direct marketing to improve customer acquisition. The
NetGravity relationship provides for "transactional" banner ads on the
Internet, which allows the consumer to make a purchase directly from a
banner ad, rather than having to navigate a merchant`s Web site.
Commission Junction provides affiliate network marketing services to
more than 85,000 merchants willing to share revenues with affiliates
that drive consumers to their sites.
"By combining these marketing services with the simplicity of the
InstaBuy service on the Agile Wallet platform, CyberCash`s goal is to
provide merchants with a solution for increasing sales at their
Websites by making the purchase process automatic and safe for
consumers, and encouraging future online shopping," said James J.
Condon, president and chief operating officer, CyberCash. "We have
extended the reach of the merchant even further to help them grow
their businesses."
Dennis N. Cavender, CyberCash`s newly appointed chief financial
officer, added, "We see many ways to grow our products and services as
e-commerce expands and are committed to investing the resources
necessary to support these opportunities. We will invest aggressively
to broaden our product and service offerings through our research and
development resources, to expand the channel relationships for the
rapid deployment of Agile Wallets and our InstaBuy service, and to
significantly increase the Company`s image in its leadership position
as announced yesterday in our new branding campaign. While this
strategy may not enhance profitability in the short-term, we believe
it is in the best long-term interests of our Company and its
shareholders. By balancing growth today with investment for the
future, we`ve built a solid foundation, supported with strong
partnerships and strategic acquisitions, that will allow us to
capitalize on the growing e-commerce market."

About CyberCash, Inc.

CyberCash is the world leader in secure, convenient payment
technologies and services, enabling e-commerce across the entire
market spectrum from electronic retailing environments to the
Internet. CyberCash provides a complete line of software products and
services allowing merchants, billers, financial institutions and
consumers to conduct secure transactions using the broadest array of
popular payment forms. Credit, debit, purchase cards, cash, checks,
smart cards and alternative payment types (e.g., "frequent buyer" or
loyalty programs) are all supported by CyberCash payment solutions.
Leading brands of CyberCash include InstaBuy(TM), AgileWallet(TM),
ICVERIFY(R), PCVERIFY(TM), CashRegister, NetVERIFY(TM), CyberCoin(R),
PayNow(TM). Leading brands of its subsidiary, Tellan Software, Inc.,
include WebAuthorize(TM), PCAuthorize(R) and MacAuthorize(R).
This press release contains statements that are forward looking.
They are based on the Company`s current expectations, and are subject
to a number of uncertainties and risks. The Company`s actual results
may differ materially. The uncertainties and risks include the pace of
growth of Internet commerce, the development by the Company and its
competitors of new products and services, the integration of Tellan
Software, Inc. into CyberCash`s business, the integration by CyberCash
of its different product and service offerings, strategic decisions by
major participants in the industry, competitive pricing pressures,
legal and regulatory developments and general economic conditions.
Further information about these and other relevant risks and
uncertainties may be found in the Company`s annual report on Form 10-K
and its other filings with the Securities and Exchange Commission, all
of which are available from the Commission and from the Company`s
worldwide web site http://www.cybercash.com, as well as other sources.
To receive CyberCash`s latest news and corporate developments
visit the Company`s web site at http://www.cybercash.com. Financial
tables follow.
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*T


REVENUE/MERCHANT STATISTICS
June 30, 1998 December 31, 1998 June 30, 1999
Revenue Breakdown
Software product sales 60% 50% 58%

Service revenue 23% 30% 38%

InstaBuy service revenue -- 10% 0%

Customization Services 17% 10% 4%


Online Merchants 4,500 12,400 17,200

Avg. daily transaction
volume 83,000 100,000 145,000

CyberCash, Inc.
Consolidated Statements of Income

Three Months Ended Six Months Ended
June 30, June 30,

1999 1998 1999 1998


Revenues $ 4,329,002 $ 2,505,706 $ 8,892,121 $ 3,647,336
Less: Returns 110,389 $ 62,643 268,079 62,643


Net Revenues 4,218,613 2,443,063 8,624,042 3,584,693

Cost of revenues 3,299,736 1,583,544 5,903,952 2,489,374


Gross profit 918,878 859,519 2,720,089 1,095,319
(loss)


Costs and expenses:
Research and development 2,395,514 2,140,189 4,942,715 4,013,687

Sales and Marketing 4,460,042 4,655,423 8,169,360 7,604,001

General and 2,139,245 1,879,503 3,853,407 3,574,711
administrative

Amortization of 1,936,521 1,291,014 3,873,042 1,291,014
intangibles

Restructuring Charge - 608,755 - 608,755



Loss from operations (10,012,445) (9,715,365)(18,118,43) (15,996,849)


Interest and Other 51,019 135,087 263,277 830,817
Income

Other Expense - (21,248) (67) (109,053)

Loss from investments
in affiliates (1,000,000) - (1,000,000) - -



Net Loss $(10,961,426)$(9,601,526)$(18,855,225)$(15,275,085)

Net Loss available
to Shareholders $(10,961,426)$(9,767,366)$(18,855,225)$(15,619,841)

Net Loss Per Share $ (0.54) $ (0.68) $ (0.94) $ (1.21)

Weighted Average Shares
Outstanding 20,178,226 14,303,615 19,955,164 12,860,256






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CyberCash, Inc.
Consolidated Balance Sheets

June 30, 1999 December 31, 1998

Cash and cash equivalents $ 14,184,594 $ 10,902,532
Other assets $ 5,571,554 $ 8,198,462
Property and equipment, net $ 9,054,485 $ 9,050,162
Goodwill and intangibles 61,300,273 65,173,315

Total assets $ 90,110,906 $ 93,324,471

Current liabilities $ 4,066,992 $ 5,730,264
Total stockholders` equity $ 86,043,914 $ 87,594,205

Total liabilities and
stockholders` equity $ 90,110,906 $ 93,324,471

[OneSpot]

CYBERCASH PRESIDENT JIM CONDON JOINS VOTATION.COM BOARD

Source: PR Newswire

GARDEN CITY, N.Y., Aug 6, 1999 /PRNewswire via COMTEX/ -- James
Condon, President and Chief Operating Officer of CyberCash, Inc.,
(Nasdaq: CYCH) has joined the Board of Directors of Votation.com.
CyberCash is the world leader in e-commerce technologies and services
for merchants.

Prior to his current position at CyberCash, he was its Chief Operating
Officer and Chief Financial Officer. Earlier, he was director of
performance improvement services in the information communication and
entertainment (ICE) sector of KPMG. In 1996, he was elected to KPMG`s
Global Software LeadershipCouncil.

Previously, he was with Legent Corporation as corporate Vice President,
Financial Planning and Administration and Vice President Operations -
Customer Support and Development Divisions.

"Jim Condon is the eCEO of the 21st century", said Joe Mohen, Chief
Executive Officer of Votation.com. "Jim brings in-depth experience in
financial management, the Internet and software development. His proven
leadership skills and breadth of professional contacts will add
tremendous dimension and value to our board. We are fortunate to have
him join us".

Mr. Condon received his Bachelor of Arts degree in Mathematical
Sciences from Johns Hopkins University and a Master of Business
Administration fromthe University of Chicago. He currently resides in
Great Falls, Virginia with his wife, Nancy Carter, and their 2 boys,
Ian Carter-Condon andLiamCarter-Condon.

Votation.com, Inc. is a global elections services company, which
provides election services for governments, trade associations, labor
unions, school districts, credit unions, and corporations using both
the Internet and traditional paper ballots, telephonic and other
mechanical means. Votation.com, Inc. is privately held and is
headquartered in Garden City,New York. For more information, visit
http://www.votation.com.

[OneSpot]

Cybercash ist mit von der Partie - vorinstalliert auf jedem IMac.

Kostenlose iMacs

Kostenlose PCs in Verbindung mit langfristigen Verträgen für den Internetzugang sind
in den Vereinigten Staaten keine Ausnahme mehr.

Nun will aber ein junges Unternehmen an Stelle von herkömmlichen PCs insgesamt 1
Million iMacs verschenken: FreeMAC.com.

http://www.imac.com/imac/
http://www.freemac.com/

Anwender, die sich für dieses "Geschenk" qualifizieren, erhalten eine Kreditkarte
(Laufzeit drei Jahre) obendrein, müssen aber drei Jahre lang eine Monatsgebühr von
19,95 Dollar (ca. 36.60 Mark) zahlen.

Insgesamt muss der Beschenkte also über drei Jahre hinweg 718 Dollar (ca. 1.320
Mark) zahlen. Doch selbst das scheint noch wenig im Vergleich zu den 1.199 Dollar
(ca. 2.200 Mark), die Apple derzeit als empfohlenen Verkaufspreis für den iMac
angibt.

Dafür muss der Anwender akzeptieren, dass etwa 2 Gigabyte der Festplatte bereits mit
Werbematerialien gefüllt sind, die vom Anwender nicht verändert werden dürfen.

Am meisten dürfte sich iMac-Hersteller Apple über dieses Angebot freuen. Wie das
Unternehmen der New York Times bestätigt, bestehen keinerlei Abmachungen über
Sonderrabatte oder sonstige Preisnachlässe. Und sollte FreeMAC.com wirklich 1
Million Rechner absetzen können, wäre das ein weiterer großer Erfolg für Apple.

http://www.nytimes.com/library/tech/99/08/biztech/articles/0…