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biz.yahoo.com
Thursday July 29, 10:55 am Eastern Time
Company Press Release
SOURCE: TD Waterhouse Group, Inc.
TD Waterhouse Launches Industry's Most Comprehensive Airline Reward Program With American Airlines
NEW YORK, July 29 /PRNewswire/ -- TD Waterhouse Group, Inc. (NYSE: TWE - news), today announced the discount brokerage industry's most comprehensive customer reward program in conjunction with American Airlines. It will be launched in the United States on August 2nd and rewards current and new TD Waterhouse customers in the United States with frequent flyer miles for depositing additional assets with the firm, maintaining certain minimum balances, and adding to money market positions.
The U.S. Program
The program features include:
New customers receive a one-time bonus of 10,000 miles when they
deposit $10,000 in cash or securities into their account.
Existing customers also receive a one-time bonus of 10,000 miles when they bring at least $10,000 in new cash or securities to the firm.
Customers can earn an addition 1,000 miles per year if they maintain a balance of at least $25,000 each quarter.
Customers who deposit cash from their brokerage account into the American AAdvantage Money Market Mileage Fund will earn one frequent flyer mile for every $10 swept.
The Waterhouse/American Initiative
''This program, which provides the most opportunities to earn miles of any program in this industry, is our way of rewarding investors for choosing TD Waterhouse,'' said Stephen McDonald, Chief Executive Officer of TD Waterhouse, the world's second largest discount brokerage firm serving over 2.8 million customer accounts globally. ''We are partnering with American Airlines because they are the premier name in airline affinity programs, and we want our customers to benefit from this feature-rich program.''
''TD Waterhouse's participation in the AADVANTAGE program brings together two industry leaders known for providing quality service and value,'' said Bruce Chemel, president of AADVANTAGE marketing programs. ''TD Waterhouse is a leader in the discount brokerage industry and we welcome them to the American Airlines AADVANTAGE family.''
Through the oneworld alliance, TD Waterhouse customers around the world can use their miles on Canadian Airlines, Cathay Pacific, British Airways and Qantas as well as American Airlines. Together, these airlines serve all the regions of the globe where TD Waterhouse has a presence: the United States, Canada, Hong Kong, the United Kingdom and Australia.
In the United States, TD Waterhouse operates the country's third-largest discount brokerage firm. Abroad, TD Waterhouse operates discount brokerage units in Canada, Australia, Hong Kong, and the United Kingdom. The firm also has plans to expand into Japan.
In June 1999, TD Waterhouse completed an initial public offering for approximately $1 billion. It was the largest IPO of an Internet-related company and the 14th largest IPO in New York Stock Exchange history. The company trades on the New York and Toronto Stock Exchanges under the symbol ''TWE.''
TD Waterhouse provides investors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis. In the United States, brokerage services are provided by Waterhouse Securities Inc., Member NYSE/SIPC. TD Waterhouse can be found on the Internet at waterhouse.com.
SOURCE: TD Waterhouse Group, Inc. |
