More X-Stream. This time with the symbol XSNI. Jeff
businesswire.com
( BW)(X-STREAM/EGG)(XSNI) X-Stream And Egg In Online Partnership; The X-Stream Network announces alliance with Egg to increase customer site content
Business Editors
LONDON--(BUSINESS WIRE)--Oct. 1, 1999--The X-Stream Network (NASD OTCBB:XSNI), the UK's first free and third largest ISP, today announced a one-year partnership with Egg. The agreement is a revenue sharing partnership combining X-Stream's on-line technology with Egg's financial offerings, resulting in a very strong proposition to Internet users.
Egg, the UK's leading Internet financial brand, is a direct division of Prudential-Banking Plc and was launched in October last year. It offers customers a range of market-leading products, deposit accounts, mortgages, personal loans and an Internet credit card, all at highly competitive rates.
X-Stream is dedicated to increasing the services and information available to its users, so an agreement with Egg, a finance company completely focused on the Internet, is a significant value added offering for X-Stream users.
Jackson Ellis, Executive Account Handler with The X-Stream Network, said, "X-Stream regards Egg as a leader in on-line financial services and a company, like X-Stream, which understands the Internet and the needs of its users. We also share a common interest in developing Internet technology and expanding to keep one step ahead of the fast moving developments in the world of E-commerce."
Patrick Muir, Customer Acquisition Manager for Egg, comments, "E-commerce is fundamental to the way Egg does business - we are committed to offering our customers great value online products and services. We believe this type of deal is the future of E-commerce and our partnership with X-Stream is synonymous with our desire to work with like-minded organisations that understand the Internet, E-commerce and the benefits they can bring. X-Stream understands both our business and the Internet."
There are an estimated 3 million people in the UK shopping online and with thousands joining them each week, both Egg and X-Stream see the potential for moving in to capture this market.
About The X-Stream Network
Launched in the UK on March 8, 1998, The X-Stream Network is the UK's first 100% FREE Internet access service, which boasts more than 460,000 registered subscribers worldwide and now also offers FREE Internet access in Norway and Sweden. Users can access the service by calling 0800 358 5678 and requesting the necessary software. Using this innovative software programme, The X-Stream Network is able to offer all users 100% free access to the Internet. With offices in London, Stockholm and Toronto, The X-Stream Network is rapidly expanding its unique service to new territories.
The X-Stream Network can be found at x-stream.com, X-StreamailPlus free email and Unified Messaging service at mail.x-stream.co.uk, X-Stream Central at x-stream.co.uk, X-Stream Central Norway at x-stream.no, X-Stream Central Sweden at x-stream.se, X-Stream SmartShopper at smartshopper.x-stream.co.uk and The X-Stream Games Network at x-stream.gamesnetwork.com
About Egg
Egg, one year old on October 11, is already the UK's leading Internet financial brand and named as one of the world's top 10 by an IBM/Interbrand survey. It has 600,000 customers and manages (pound)6.7bn of savings. Already, 30% of customers run accounts online and 44% shop online. To reinforce its commitment to being an e-commerce business, Egg switched to Internet only applications for its savings account in April. In July Egg launched the first `Internet only' account to offer a higher rate of interest, reflecting the benefits e-commerce can bring to customers.
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