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Technology Stocks : Phone.com [PHCM]

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To: OverUnder who wrote ()2/17/2000 8:29:00 AM
From: AmericanVoter  Read Replies (1) of 1080
 
in the wires...Onebox.com Chosen by Citibank as Communications Service Provider for Citi f/i

RELATED SYMBOLS: (PHCM)(CCIOM)(C)

NEW YORK, Feb 17, 2000 /PRNewswire via COMTEX/ -- Citi f/i, the online
financial service from Citibank and Citicorp Investment Services (CIS), and
Onebox.com, the next-generation communications company, today announced
Onebox.com as a provider of integrated messaging services to clients of the Citi
f/i interactive financial network. Citi f/i and Onebox.com have created
co-branded premium services that will be provided to clients of Citi f/i for a
period of one year as a benefit of opening a qualifying account with the online
financial service. Clients can send, store and retrieve their phone, fax and
email messages using the customizable communication capabilities of Onebox.com's
premium services accessible through the Citi f/i homepage.

The co-branded services will provide Citi f/i clients with the full
functionality of Onebox.com's basic messaging services, plus additional features
including a full 25MB of storage, a customizable voicemail greeting and a free
local Onebox.com phone number with no extension. Citi f/i clients will have the
ability to forward calls from any phone number directly to their Onebox.com
number, enabling them to receive all their voicemail messages directly from the
Citi f/i site. Current Citi f/i clients and non-account users who visit the Citi
f/i site can sign up for a co-branded version of Onebox.com's basic service,
which includes 3MB of storage, a service greeting with the user's name recorded
and a local phone number with a four-digit extension.

"Adding valuable services such as Onebox.com to Citi f/i expands the range of
benefits in our offering and enhances the experience of our clients," said
Stephen Joyce, Managing Director of Citi f/i.

A new online financial service from Citibank and Citicorp Investment Services
(CIS), Citi f/i is a full-service virtual bank that allows clients to perform
daily banking and investing activities on the Internet. Clients have the
convenience of 24-hour banking, featuring state-of-the-art security and
around-the-clock customer service. Citibank has over 15 years of experience in
PC banking, having introduced its first such service in the mid-1980s. Citi f/i
clients can transfer funds, pay bills, place stock orders and customize
financial reports. In addition, they receive low monthly fees (and low minimum
balance requirements to avoid fees), higher interest rates on CDs and insured
money market accounts, free online bill payment and ATM reimbursements for cash
withdrawals at other banks. Additional information may be found at
www.citifi.com.

"Citi f/i offers clients an interactive financial center where they can manage
all of their finances, and Onebox.com's premium messaging services enhances that
interaction by connecting clients with their important messages right at the
site," said Ross A. Bott, president and CEO of Onebox.com. "As the methods of
communication expand to include everything from wireless devices to multiple
email accounts, Onebox.com simplifies things by providing clients with their own
integrated email address and phone number where they can instantly retrieve all
of their messages, regardless of device or location."

Onebox.com will provide Citi f/i clients with their own free personal, local
phone number for voicemail and fax and email -- all with no usage limitations.
Users can set up a local phone number in any city where Onebox.com currently
offers numbers, and receive an unlimited number of voicemails at no charge.
Onebox.com currently offers local numbers in most major U.S. cities, and will
continue to expand its communication services to other cities throughout 2000.

About Onebox.com

Onebox.com is the communications application service provider (CASP) meeting the
global demand for wireless and Internet-based messaging. With a highly scalable,
highly reliable pure IP infrastructure, Onebox.com provides services for phone
carriers, ISPs and Internet portals to provide millions of customers worldwide
with email, voicemail, and wireless applications. Onebox.com is a privately held
company based in San Mateo, California. As announced this week, Onebox.com is
soon to be acquired by Phone.com, Inc. (Nasdaq: PHCM) of Redwood City, CA
pending regulatory approval. Phone.com is a leading provider of software and
services that enable the delivery of Internet-based information services to
mass-market wireless telephones.

NOTE: Onebox and Onebox.com are registered trademarks of Onebox.com, Inc. All
other names are trademarks and/or registered trademarks of their respective
owners.

About Citi f/i

Citibank is part of Citigroup (NYSE: C), the most global financial service
company, which provides some 100 million consumers, corporations, governments
and institutions in 100 countries with a broad range of financial products and
services, including consumer banking and credit, corporate and investment
banking, insurance, securities brokerage and asset management. The 1998 merger
of Citicorp and Travelers Group brought together such brand names as Citibank,
Travelers, Salomon Smith Barney, CitiFinancial (formerly Commercial Credit), and
Primerica under Citigroup's trademark red umbrella. Additional information may
be found at www.citigroup.com.

SOURCE Onebox.com

(C) 2000 PR Newswire. All rights reserved.

-0-

CONTACT: Leslie Nakajima of Onebox.com, 650-356-1216, or
leslie@onebox.com; or Mark Rodgers of Citibank, 718-248-1092, or
mark.rodgers@citicorp.com


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