Here's another buy some and forget you own it stock...
biz.yahoo.com
At the Company's July board meeting, D. R. Grimes, CEO of Net.B@nk, stated, ''We are extremely pleased with our second quarter results. Net.B@nk is the only Internet bank to achieve profitability. This financial milestone is significant not only for banking, but also for electronic commerce in general. When we began less than two years ago, there were not any proven business models for Internet companies. Our success has come through the devoted efforts of the bank's employees, the loyalty from the bank's growing customer base that has experienced the cost benefits and the ease of online banking, and the strength
of the banks strategic partnerships with BISYS, CheckFree, AT&T, Edify and Uvest.''
ie..they are on their own steep earnings ramp up, known around here as a 'rocket ride'....point is Internet Banking can be profitable without the branch. |
