Online Broker Expands Offline
WebStreet.Com, Inc. Introduces First-Of-Its-Kind
Financial Center to Promote Internet Services
BEVERLY HILLS, Calif., July 7 /PRNewswire/ -- WebStreet.com, Inc., the
leading innovator in the online brokerage industry, tomorrow will open the
doors to the first-of-its-kind online financial services center located at
the corner of Beverly Drive and Wilshire Boulevard in Beverly Hills. The
grand opening event marks the first time an Internet-based financial services
company has subsequently developed an offline retail outlet to educate
consumers about its online products and services.
The interactive WebStreet center, equipped with a full staff of licensed
brokers, running stock quotes, a multimedia lecture hall and multiple
computer terminals, will offer individuals the opportunity to learn first
hand about online investing at www.webstreet.com . The center is the
inspiration of brothers Joseph and Avi Fox, Co-Chairmen of WebStreet, which
has outpaced the online brokerage industry in new account growth and trade
activity since its founding in 1997.
"Despite the Internet's overall popularity, many people still don't know how
to begin or are unaware of the advantages of investing online," said Joseph
Fox. "The WebStreet online financial services center makes it easy for
individuals to transition from traditional investment channels to online
investing -- at their own pace. WebStreet provides access to informative
brokers, critical market data, online tools and investment information in a
comfortable environment."
WebStreet expects that individual investors who have traditionally contracted
a broker at an institutional brokerage firm will be the most likely to visit
the company's online financial services center. However, the company quickly
points out that everyone can feel comfortable entering the online outlet and
becoming their own online investor.
"WebStreet.com, through the Internet, is enabling and empowering people to
direct their own financial affairs. Virtually anyone who desires to manage
their own investments, commits to educating themselves and obtains an
Internet connection can now access rich, financial content and trade stocks,
bonds and mutual funds online," said Avi Fox.
WebStreet designed the online financial services center as the ultimate
destination for the personal investor, with the intention of bringing
together the growing investment community that seeks technical advice,
informative orientations and lectures, and support of all types. The company
plans to roll out the online outlet concept in every major U.S. financial
market over the next two years, in addition to expanding its offerings to
include other integrated financial services beyond online investing later
this year.
Experts predict that today's seven million online traders will jump to nearly
20 million by the year 2002. As it continues to make online investing easier
and more accessible to the mainstream, WebStreet will lead the way in this
surge.
WebStreet.com, Inc. is a privately held financial services company based in
Deerfield, Ill. that operates Web Street Securities, a top online brokerage
firm. At www.webstreet.com, Web Street Securities has built a successful
Internet investing experience through a commitment to empowering the
individual investor. By combining real-time market and account information
with superior execution of securities trades, Web Street delivers a unique
and satisfying online investing experience. Key customer offerings include a
streamlined, user-friendly web site; real-time, dynamically updated quotes,
positions and account balances, and comprehensive customer service -- 24
hours a day. Web Street continues to achieve top rankings by the leading
publications for the individual investor, including 'Four Stars' by Barron's
and Top 3 Online Brokers by SmartMoney magazine for two years running -- 1998
and 1999. Web Street Securities is a member of NASD-SIPC.
SOURCE WebStreet.com, Inc.
CO: WebStreet.com, Inc.; Web Street Securities
ST: California, Illinois
IN: CPR FIN MLM
SU: PDT
07/07/99 06:01 EDT prnewswire.com |
