PALM BEACH GARDENS, Fla., Jan. 15, 2004 (PRIMEZONE) -- eCom eCom.com, Inc. (OTCBB:ECEC) today announces the appointment of Matt Salmon to the Board of Directors of American Capital Holdings, Inc. In addition to his Director responsibilities Mr. Salmon shall serve as Government Liaison Officer. Matt Salmon is President of Upstream Consulting, a Public Affairs consulting company. Mr. Salmon was elected to the U.S. House of Representatives in November 1994 to represent Arizona's First Congressional District. He served three terms, and chose not to seek re-election in the year 2000, fulfilling a campaign promise he made to Arizona's voters in 1994. Mr. Salmon served on the International Relations Committee and its subcommittees on Asia, the Pacific, International Operations and Human Rights. Mr. Salmon served on the Helsinki Commission and was Chairman and a founding member of the House Renewable Energy Caucus. He also served on the Education and the Workforce Committee.
Mr. Salmon maintained an active legislative agenda throughout his time in Congress, and played a prominent role on issues related to foreign affairs, crime, education, energy and taxes. Former President Bill Clinton signed into law Salmon's anti-crime bill, known as "Aimee's Law," on October 28, 2000. The bill, which Salmon pursued for four years, will encourage states to keep murderers, rapists and child predators behind bars. On the education front, he sponsored the "K-12 Education Excellence Now" tax credit, which would allow every American a dollar-for-dollar tax credit for making contributions to improve schools. While in Congress, he was a leader of efforts to promote a constructive relationship with China through increased trade and engagement, including Permanent Normal Trade Relations. He also played a critical role in securing the release of a U.S. based researcher who had been imprisoned in China, and he led a rare fact-finding trip to Tibet to promote human rights and religious freedom. Mr. Salmon speaks Mandarin Chinese fluently.
Additionally, while in Congress Mr. Salmon focused on improving child support enforcement, promoting medical savings account (MSA's) and worked to give every cancer patient access to cutting-edge clinical trial treatments. The American Cancer Society honored him with their National Award for his work on this issue. Mr. Salmon's bill to help businesses fight white-collar crime was the last bill passed by the U. S. Senate in 2000. Mr. Salmon frequently won plaudits from groups opposed to high taxes and excessive government spending. Mr. Salmon received top ratings from The National Taxpayers Union, the Council for Citizens against Government Waste, and the National Federation of Independent Business. Prior to his election to the House, Mr. Salmon served four years in the Arizona State Senate, and thirteen years as a telecommunications executive with US West Communications. Mr. Salmon is active in civic and community boards, including Mesa United Way, Child Crisis Nursery, East Valley Child Crisis Center, and the Maricopa County Council on Families, Youth, and Children. He is also on the National Advisory board of Childhelp U.S.A. Mr. Salmon has devoted considerable time and energy to the Association of Retarded Citizens of Arizona.
Barney A. Richmond, Chairman of American Capital Holdings, stated, "Matt Salmon is a remarkable individual who has accomplished more in his short 45 years than most of us do in a lifetime. He has served his country, his state, his community by setting exemplary standards. We look to his leadership and personal merits to make us a better company for our shareholders our employees."
About American Capital Holdings, Inc.
Founded in June 2003 American Capital Holdings, Inc.; is a Florida Corporation formed for the purpose of making majority capital acquisitions primarily in developed entities. The Company owns majority controlling interests in Cornerstone Energy Partners LP, 21st Century Exploration Corporation Freedom 4 Wireless, Inc. ACH intends to invest primarily in energy exploration, technology, consumable goods, communication, manufacturing and governmental suppliers. The Company has developed a proprietary secured funding programs specifically designed for the exploration of oil and gas in the United States, Energy Tax Incentive Preferred Securities(TM) ("ETIPS the security"). The "ETIPS" securities are designed to pass through oil and gas well tax investment drilling credits and depletion tax allowances directly to the investors. Usually, the cost of the oil and gas well investment is written off over a three (3) year period. In addition to "ETIPS" ACH has developed Guaranteed Principal Insured Convertible Security(TM) "GPIC'S" as an investment grade product for Insurance Companies as well as the financial community. "ETIPS" & "GPIC'S" are trademarked by American Capital Holdings and have process business patent applications pending.
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates," "approximately," and "likely," also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure, disruption of communications services marketplace, and due to natural disaster. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995.
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