PayPal CEO Invited to White House
Chief Executive Officer of Leading Online Payments Service Will Attend High-Tech Forum with President Bush
Palo Alto, CA - March 27, 2001 - PayPal Chief Executive Officer Peter Thiel will attend a White House forum Wednesday on high-tech issues, the leading online payments service announced today. The exclusive event, limited to approximately 100 influential technology executives, is the first major meeting of high-tech industry leaders with President George W. Bush since he took office. Scheduled for 2:00 p.m. in the East Room, the forum will feature remarks from President Bush and the Secretaries of Commerce, Energy and Education, and will include a question-and-answer session moderated by Floyd Kvamme of Kleiner Perkins. A variety of industry and national issues will be addressed, including education, high-tech immigration visas, California's energy situation and proposed European Union privacy standards.
"I'm thrilled to have the opportunity to bring a Silicon Valley point-of-view to Washington and to discuss issues of importance to the high-tech community with the President and senior members of his Administration," said Thiel, a 33-year-old Stanford University and Law School graduate. "PayPal being included in this important forum is a validation of the Internet's continued importance to our nation's economy and a recognition of the leading role PayPal plays in facilitating small business e-commerce."
PayPal is the instant and secure online payment service that allows people and businesses to send and receive money by e-mail from bank accounts or credit cards. With more than 7 million members and growing, PayPal is the world's first and largest Internet-based payment service, and the #1 financial site on the Internet, according to PC Data Online. PayPal is the preferred payment service for online auctions, online community and group Websites, and is seeing tremendous growth in e-commerce transactions for small businesses. PayPal members send approximately $8 million in more than 160,000 payments each day. Free to consumers, PayPal can be used from PCs or web-enabled mobile phones. Business users pay transaction fees to receive payments through PayPal.
PayPal is a privately held company headquartered in Palo Alto, California. PayPal was recently named one of the 50 Most Important Private Companies in the World by Red Herring and one of the Top 25 New Companies by Fortune Small Business. The PayPal Website has been cited as among the ``Best of the Web'' by Forbes, Time, PC Magazine and U.S. News & World Report. For more information, please visit http://www.paypal.com.
SOURCE: PayPal, Inc.
Contacts:
Applied Communications 415-365-0222 jpaluska@appliedcom.com |
PayPal 650-251-1207 vsollitto@paypal.com |