<<<USABancShares.com to Provide Direct
by: THB_1966 (33/M/Chicago)
16528 of 16533
Online Banking On 600,000 eMachine Keyboards
Business Wire - October 11, 1999 11:33
PHILADELPHIA--(BUSINESS WIRE)--Oct. 11,
1999--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.
CONTACT: USABancShares.com, Philadelphia
Maureen Steady, Corporate Counsel, 215/569-4200
mps@USABancShares.com >>>
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