(BSNS WIRE) Virtuallender.com, Inc. Becomes Sponsor on FreeRealTime.com
Virtuallender.com, Inc. Becomes Sponsor on FreeRealTime.com
Business Editors/High-Tech Writers
SAN MATEO, Calif.--(BUSINESS WIRE)--June 28, 1999--
Virtuallender.com, Inc. (OTC BB:VLDC), an on-line mortgage
banker/direct lender, announced today that the company will be a
sponsor on FreeRealTime.com (OTC BB:FRTI) through Adsmart Network, one
of the Internet's leading interactive advertising networks and a
majority-owned subsidiary of CMGI, Inc.
Carol Pizzo, president and CEO of Virtuallender.com, Inc.,
stated, "We are excited about our sponsorship on FreeRealTime.com and
our continued progress in developing our presence as a leader in the
online mortgage industry. The sites demographics are very
complementary to our targeted users."
The agreement allots for up to 393,000,000 impressions over a
three month period and is due to commence Aug. 10, 1999.
FreeRealTime.com, Inc. is a specialized investment information
services and media firm providing an array of stock market data,
business information and sophisticated research, analysis and
management tools for analysts, institutional investors, brokers,
individual investors and respected resellers.
FreeRealTime.com was ranked 11th in a September 1998 survey of
the top 100 financial web sites edging out E*trade, The Motley Fool,
CNBC, Dow Jones, and Fidelity Investments. Visit FreeRealTime.com's
web site at www.freerealtime.com.
Virtuallender.com, Inc. benefits consumers by providing a faster,
flexible, more complete online mortgage solution, avoiding the
frustration, delays and cost of the traditional mortgage process
inherent with the traditional "bricks and mortar" mortgage business
commonly used by consumers and Realtors. Among the company's current
competitors are E-LOAN, Inc. (Nasdaq:EELN), mortgage.com, Inc.,
Finet.com, Inc. (Nasdaq:FNCM), and Rock Financial (Nasdaq:RCCK).
The company recently signed an advertising agreement with
HomeSeekers.com, Inc. (OTC BB:HMSK), and will be a featured Northern
California lender on the Homeseeker.com web site.
According to estimates by James Marks, Deutsche Bank Securities
Analyst, the online mortgage industry is set for explosive growth,
with projections topping $60 billion by the year 2000.
For more information on Virtuallender.com, Inc. visit
virtuallender.com.
Note: Statements regarding financial matters in this press
release other than historical facts are "forward-looking statements"
within the meaning of section 27 A of the Securities Act of 1933,
Section 21 E of the Securities Exchange Act of 1934, and as that term
is defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such statements about the company's future
expectations, including future revenues and earnings, and all other
forward-looking statements be subject to the safe harbors created
thereby. Since these statements (future operational results and sales)
involve risks and uncertainties and are subject to change at any time,
the company's actual results may differ materially from expected
results.
--30--pw/sf* mr/sf
CONTACT: Virtuallender.com, Inc.
Carol Pizzo, 650/578-6380
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING INTERACTIVE/MULTIMEDIA/INTERNET COMED
REAL ESTATE
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