"Wednesday June 28, 7:10 am Eastern Time
Company Press Release
SOURCE: Web Street, Inc.
Web Street Unveils Online Financial District
New Web Site Includes Diversified Financial Product and Service Offerings
DEERFIELD, Ill, June 28 /PRNewswire/ -- Web Street, Inc. (Nasdaq: WEBS - news), parent company of Web Street
Securities, Inc., a leading online brokerage firm, has launched its newly enhanced Web site, the Web Street Online Financial
District. Located at www.webstreet.com, this launch marks the continued execution of the Company's strategy to become the
leading one-stop, online financial services destination. Customers now have access to Web Street's expanded financial
products and services, including comprehensive investing and cash management products, debit and credit cards, online bill
payment, and lending and insurance offerings.
``The launch of our Online Financial District is a clear signal of our success and commitment to deliver on each of the
strategies outlined at our initial public offering,'' said Joseph Fox, Co-Chief Executive Officer. ``The enhanced product
offerings, coupled with our recently announced self-clearing capabilities, demonstrate our dedication to providing
outstanding, five-star customer service. By offering additional products, easier site navigation and faster customer response
times, we continue to strengthen our leading global role as a financial services destination for around-the-clock service and
technology capabilities.''
The Company's enhanced Web site includes the following product and service enhancements:
-- Web Street Global Asset Manager
Web Street's new Global Asset Manager account is far more than simply
an investment account. It provides customers with all the tools
needed to organize their finances -- investing, savings, interest
checking and even bill payment -- in one convenient account. The
Global Asset Manager provides free unlimited check writing, online
account access, a Gold MasterMoney(TM) debit/ATM card and
consolidated account statements.
-- Web Street Online Bill Payment
With Web Street's online bill payment service, customers can pay
bills electronically over the Internet with just a click of the
mouse. Customers can access their bill payment account via the Web
Street site and securely set up payments for both one-time and
recurring bills.
-- Web Street Platinum MasterCard©
Web Street offers a Platinum MasterCard© with no annual fee and
generous credit lines of up to $100,000. In addition, the card
features a low 2.9% introductory APR, balance transfer savings and
other valuable platinum services.
-- Mortgage and Loan Products
Web Street recently partnered with Lending Tree©, a leading
Internet-based loan marketplace for consumers and lenders, to become
an affiliate in the Lending Tree Branch Network. Web Street
customers can connect to a network of lenders that provide mortgage,
refinance, home equity, auto, personal, and small business loans. By
submitting an online request form, customers can receive up to four
loan offers within one business day.
-- Insurance Products
Web Street recently partnered with InsWeb, an online insurance
provider, to enable Web Street's customers to compare free, no
obligation quotes from some of the industry's leading insurance
companies. Through InsWeb and its links, customers can conveniently
compare multiple quotes from top-name insurance providers by simply
submitting an online request form. Web Street's customers have the
benefit of shopping 24 hours a day, seven days a week for free quotes
on auto insurance, home owners insurance, home warranty insurance,
renters insurance, life insurance and health insurance.
In the coming weeks, Web Street plans to continue expanding the Online Financial District with additional products and
services, including extended hours trading, cross-border trading functionality and fixed income investment products.
About Web Street
Web Street, Inc., based in Deerfield, Illinois, provides online brokerage services to individual investors in the United
States, Europe, Asia and Latin America, through its wholly-owned subsidiary, Web Street Securities, Inc., which was
founded in 1996. Web Street was recently awarded a five star customer service rating in Money Magazine's ``Best Online
Brokers of 2000'', in addition to four star ratings by Barron's in 1998 and 1999, as well as being ranked as one of the top 3
online brokers in March 1998 and March 1999 by SmartMoney. Web Street offers 24 hours a day customer service,
low-price commissions, and real time account information via multiple channels -- online, touch-tone telephone,
person-to-person via telephone, and face-to-face onsite through its existing and future brick-and-mortar branches. For more
information on the Company's products and services, visit us at www.webstreet.com or call us at 1-800-WEBTRADE
1-800-932-8723.
Cautionary Note Regarding Forward-Looking Statements
This news release includes forward-looking statements that reflect Web Street's current expectations about its future results,
performance, prospects and opportunities. Web Street has tried to identify these forward-looking statements by using words
such as ``will,'' ``expect,'' ``anticipate,'' ``believe,'' ``intend,'' and other similar expressions. These forward-looking
statements are based on information currently available to Web Street and are subject to a number of risks, uncertainties and
other factors that could cause Web Street's actual results, performance, prospects or opportunities in the remainder of 2000
and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks,
uncertainties and other factors include, without limitation, Web Street's ability to successfully implement self-clearing
operations, Web Street's ability to establish and maintain international relationships and relationships with content
providers, intense price and other competition among companies providing online financial services, Web Street's need to
maintain and increase its customer accounts, volatility in the securities markets, Web Street's ability to develop and enhance
its services and products, risk of system failures, and existing and future regulations affecting the online brokerage industry
or the Internet generally. For further information about these and other risks, uncertainties and factors, that could affect Web
Street's future results, performance, prospects and opportunities, please review the disclosure included under the caption
``Business-Risk Factors'' in Web Street's annual report on Form 10-K for the year ended December 31, 1999, as filed with
the Securities and Exchange Commission. Except as required by the federal securities laws, Web Street undertakes no
obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events,
changed circumstances or any other reason after the date of this news release.
SOURCE: Web Street, Inc. "
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