PHILADELPHIA--(BUSINESS WIRE)--Dec. 6, 1999--USABancShares.com (NASDAQ:"USAB") today announced a broadcast services agreement with Yahoo! Inc. (NASDAQ:"YHOO"), a leading global Internet media company, to launch its usaTV platform on Yahoo! Broadcast.
The programming can be seen at webevents.broadcast.com.
Under the agreement, Yahoo! is providing Internet broadcasting solutions for USABancShares.com through a co-branded usaTV site on Yahoo! Broadcast.
Offering a unique and exciting way to improve the online banking experience, usaTV provides access to streaming video programming from USABancShares.com, daily news feeds from QuickTV, and on-demand video from Yahoo! Broadcast on such topics as technology, music, fashion, entertainment and sports.
"usaTV will enable people to access on-demand video about USABancShares.com and further differentiate us from other online banks. With its extensive digital distribution network, Yahoo! is a leader in the delivery of rich media today and we're thrilled to work with them in presenting our unique interactive video broadcasts," said Ken Tepper, President & CEO of USABancShares.com.
"Yahoo! is pleased to provide USABancShares.com with complete Internet broadcasting solutions for usaTV, from design and development to hosting broadband video," said Stan Woodward, vice president, business services at Yahoo! "We are committed to providing USABancShares.com with the ability to communicate in real time to their customers and enhance their offering through rich media."
About USABancShares.com
Ranked No.1 in the country by Gomez Advisors for its "energyONE" account, USABancShares.com (NASDAQ:"USAB") is the country's first Federal Reserve Bank holding company with "dot com" identification.
The company owns both an FDIC insured bank and an NASD regulated brokerage firm. USABancShares.com energizes the Internet banking experience with brokerage services through USAForce, auctions of FDIC insured certificates of deposit at CDenergy, and streaming multimedia content at usaTV.
Through partnerships with a variety of Internet service and e-commerce companies, USABancShares.com is dedicated to providing the country's premier online financial services experience at www.usabancshares.com.
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.
Yahoo! and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.
CONTACT:
USABancShares.com
J. Alain Ferry, Director, Strategic Alliances
215/569-4200
jaf@USABancShares.com
KEYWORD: PENNSYLVANIA |
