USAB news with EMachine..in 6 3/4,13/16. news came out only 11 minutes ago, volume still low.
(COMTEX) B: USABancShares.com to Provide Direct Online Banking On 600
B: USABancShares.com to Provide Direct Online Banking On 600,000 eMachine
Keyboards
PHILADELPHIA, Oct 11, 1999 (BUSINESS WIRE) -- USABancShares.com, Inc.
(NASDAQ:USAB) today announced that it has entered into an agreement
with eMachines, Inc. under which eMachines will ship 600,000 computers
featuring a USABancShares.com "hot button" displayed on the keyboard of
every unit.
The button will allow users instant online access to 24/7 banking
services at USABancShares.com, whose site also features news, streaming
media and progressive content designed to enhance user experience.
Under terms of the agreement, eMachines will receive incentive
compensation based upon customer origination, and the program may be
expanded to include shipment of additional units based upon
performance.
With over 11% marketshare as of June, eMachines is the No. 3 retail
desktop PC provider in the country, following Hewlett-Packard and
Compaq. USABancShares.com will also be featured across eMachines web
sites through a series of direct links, banners and other promotions at
www.e4me.com.
"This agreement will place our brand in front of an additional 600,000
users at the point of sale . . . directly on the computer keyboard. As
the No. 3 retail PC provider, eMachines has done an incredible job of
engineering a great system at a great price, and we're thrilled to work
with them in changing the way people bank," said Ken Tepper, President
& CEO of USABancShares.com.
"Making access to online banking easy - with no more than the push of a
button - is an important component of our growth strategy, and we'll
continue to expand our hardware program through a variety of branded
platforms designed for point-of-sale convenience," he concluded.
eMachines was founded in September 1998 and began selling its eTower
desktop computers in November 1998. As of June 1999, the company is
ranked as the third largest supplier of desktop PCs to the US retail
channel, according to market research organizations PC Data, Ziff Davis
InfoBeads, and Intelect ASW.
Recently, eMachines introduced its new "eONE / 433" system, featuring a
powerful Intel(R) Celeron(TM) 433MHz processor (128KB Internal L2
Cache) supported by Intel chipsets. It includes a built-in 24x Max.
Slim CD-ROM, 6.4GB hard drive, and internal 56K ITU V.90 PCI Fax/Modem.
Forward Looking Statements:
Some of the statements contained in this press release discuss future
expectations, contain preliminary unaudited results of operations and
financial condition and state other "forward looking" information.
Those statements are subject to known and unknown risks, uncertainties
and other factors that could cause the actual results to differ
materially from those contemplated by the statements.
The forward-looking information is based on various factors and was
derived using numerous assumptions.
Important factors that may cause actual results to differ from
projections include, for example: general economic conditions,
including their impact on capital expenditures; business conditions in
the financial services industry; the regulatory environment; rapidly
changing technology and evolving banking industry standards;
competitive factors, including increased competition with community,
regional and national financial institutions; new services and products
offered by competitors; and price pressures.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: USABancShares.com, Philadelphia
Maureen Steady, Corporate Counsel, 215/569-4200
mps@USABancShares.com
WEB PAGE: businesswire.com
GEOGRAPHY: PENNSYLVANIA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
COMED
BANKING
INTERNET
HARDWARE
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