Here's a pre-earnings bulletin. I figure this can only be a plus?...
Net.B@nk(TM) Expands Product Offering to Include Credit Cards; Net.B@nk Cards from Visa(R) and MasterCard(R)
PR Newswire - October 19, 1998 14:43
ATLANTA, Oct. 19 /PRNewswire/ -- Net.B@nk(TM) (Nasdaq: NTBK) (http://www.netbank.com), the Internet's leading online consumer banking and financial services provider, announced it will expand its product line and offer Visa(R) and MasterCard(R) credit cards to its online banking customers. The new cards will include a Visa Classic, Visa Gold, MasterCard Standard and MasterCard Gold and will be offered with competitive rates.
"In an effort to help our customers simplify their finances, we are working to increase the number of banking and financial services we offer," said D.R. Grimes, CEO of Net.B@nk. "Recently we have added online brokerage accounts and mortgage lending services. Offering credit cards brings us one step closer to allowing our online banking customers to consolidate all their financial needs in one place."
Net.B@nk, Inc., achieved profitability for the bank's second quarter 1998, making it the first profitable Internet bank in the country. Net.B@nk, Member FDIC, has quickly become the world's largest Internet bank, offering checking, money market accounts and certificates of deposits with exceptional interest rates. The bank also offers online brokerage services and mortgage lending. For more information on Net.B@nk, its products and services, visit the web site at www.netbank.com, or call 888-256-6932.
SOURCE Net.B@nk, Inc.
/CONTACT: Andrea Thabit or Sean Cassidy, both of Dan Klores Associates,
Inc., 212-685-4300, for Net.B@nk, Inc./
/Web site: netbank.com
(NTBK)
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