(COMTEX) B: Virtuallender.com, Inc. Begins Trading On Over-The-Counte
B: Virtuallender.com, Inc. Begins Trading On Over-The-Counter Bulletin Board
SAN BRUNO, CALIF. (Feb. 22) BUSINESS WIRE -Feb. 22,
1999--Virtuallender.com, Inc. (OTCBB:VLDC) announced today that it's
Common Shares have begun trading on the Over-The-Counter Bulletin Board
under the Symbol VLDC.
Virtuallender.com, benefits consumers by providing a faster, flexible,
more complete online mortgage solution, avoiding the frustration,
delays and cost of the traditional mortgage process while providing the
traditional "bricks and mortar" mortgage business that consumers and
realtors have traditionally utilized.
Virtuallender.com, Inc. has established close ties with some of the
nation's leading lenders such as Headlands (NASDAQ:HDLD), 1st Security
Crosslands (NASDAQ:FFCO), World (NYSE:GDW), Dominion Resource/Saxon
(NYSE:D), PCFS (NYSE:PFGI), and Downey Savings (NYSE:DSL).
According to estimates by James Marks, Deutsche Bank Securities
Analyst, the online mortgage industry is set for explosive growth, with
projections topping $60 billion by the year 2000.
As an associate of Amazon.com (NASDAQ:AMZN) the Internet's top
retailer, Virtuallender.com Inc. will feature select Mortgage and Real
Estate books. In addition, the site features the latest in mortgage
news through the Yahoo! (NASDAQ:YHOO) search engine.
Virtuallender.com is comprised of a management team with over fifty
years experience in the mortgage industry with such firms as: Bank of
America/NationsBanc (NYSE:BAC), California Federal Bank (NYSE:CFP), and
PMI Group, Inc. (NYSE:PMA).
Virtuallender.com's competitors within the Online Mortgage market
include E-Loan, Homeshark, Microsoft's (NASDAQ:MSFT) Homeadvisor and
Finet (NASDAQ:FNHC).
One of Virtuallender.com, Inc.'s founding investors is M&A West, Inc.
a financial public relations firm whose clients include Starnet
Communications (OTCBB:SNMM) and Auto Network Group (OTCBB:ANWK).
For more information on Virtuallender.com, Inc. please visit
virtuallender.com.
Safe Harbor
Certain statements in this press release, including statements
regarding the anticipated development and expansion of the Company's
business, and the intent, belief or current expectations of the
Company, its directors or its officers, are "forward-looking"
statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995). Because such statements are subject to
risks and uncertainties, actual results may differ materially from
those expressed or implied by such forward-looking statements.
-0- ym/cgo*
CONTACT: Virtuallender.com, Inc.
Carol Pizzo, 877/462-9378
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET COMED BANKING
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
*** end of story *** |
