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biz.yahoo.com
Thursday January 21, 9:37 am Eastern Time
Company Press Release
SOURCE: DIDAX INC.
Security First Network Bank to
Provide Online Banking Services Via DIDAX Inc.'s
Crosswalk.com Christian Portal Web Site
Top-Ranked Christian Web Site Expands Personal Financial Services Area, Adds Revenue Streams
CHANTILLY, Va., Jan. 21 /PRNewswire/ -- DIDAX INC. (Nasdaq: AMEN - news), the creator of the award-winning crosswalk.com Christian Web community (http://www.crosswalk.com), today announced an agreement with Security First Network Bank to begin providing a range of competitive online banking services to crosswalk.com members and guests during the first quarter of this year.
Security First Network Bank will offer customers full access to electronic banking, online bill paying, transactions and account information 24 hours a day, 365 days a year. Additional benefits include premium rates on money market accounts and CDs, as well as lower account fees, all made possible by reduced operating expenses for online bankers. In the fourth quarter of 1998, industry analysts Gomez Advisors ranked Security First Network Bank the number one online bank out of 65 such financial institutions.
Crosswalk.com was recently named the ''1998 Christian Web Site of the Year'' by Best of the Christian Web (www.botcw.com). The Security First Network Bank agreement adds online banking to a range of financial content and services in crosswalk.com's Money Channel that includes Quote.com's suite of portfolio management and tracking tools, direct access to simplified insurance planning and quotes, and the proprietary Investigator database that scores mutual funds on their investments in areas that are important to cultural conservatives.
''This is great news for crosswalk.com members and another key piece of our Christian portal strategy,'' William Parker, CEO and president of DIDAX, said. ''Not only can our members now get online banking from one of the acknowledged leaders in that area, but they just got more evidence of our intent and ability to make crosswalk.com's Money Channel their primary Web resource for personal finance.''
Crosswalk.com members opening online banking accounts with Security First Network Bank (www.sfnb.com) will be protected by FDIC insurance, innovative privacy policies and a no-risk, money-back guarantee. The bank, which offers seamless integration of checking, savings, credit and borrowing accounts, as well as cash access through the Honor, Cirrus and Interlink ATM networks, can also be contacted at 1-800-SFNB-321. Security First Network Bank, headquartered in Atlanta, is the newest member of the Royal Bank Financial Group, Canada's premier global financial services organization.
Crosswalk.com(TM), the 1997 and 1998 Christian Web Site of the Year, is the premier Christian community portal covering the spectrum of life within a Christian context. With a focus on ''information for Christians, not just Christian information,'' site visitors and members can tap into channels targeting music, personal finance, and careers (in beta version), lifestyle channels focusing on issues for men and women, and services ranging from free Web access filtering and a full-Web filtered search engine to online shopping, family-friendly movie reviews, games, chat, forums, local events, news, free email and more.
DIDAX INC. is primarily known as the creator of crosswalk.com(TM) (www.crosswalk.com). The Company generates revenues through the sale of sponsorships and advertising; the online retailing of Christian and family- friendly products manufactured or developed by others (music, books, apparel, gifts, etc.); commissions and referral fees from co-marketing relationships; memberships in affinity marketing programs (affording participants price discounts and other benefits of group purchasing power); and to a lesser extent, the continuing provision of technology services to various Christian organizations.
Safe Harbor -- This press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, product delivery, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect DIDAX's future results, please see the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned that forward-looking statements are not guarantees of performance. Actual results may differ materially from management expectations. Copies of these filings are available upon request from DIDAX investor relations.
SOURCE: DIDAX INC.
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