Virtuallender.com Inc. to Launch Affiliate Program
SAN BRUNO, Calif.--(BUSINESS WIRE)--March 4, 1999-- Virtuallender.com Inc. (OTC BB:VLDC - news) announced today that it will be launching an affiliate program, allowing web sites to earn income by linking their site to Virtuallender.com, an on-line mortgage banker/direct lender.
The program, which has already begun taking pre-registrations, will provide affiliates with a graphic link on their web site to Virtuallender.com. Affiliates will be paid a commission on every funded loan that results from the affiliates' link.
This program will be targeted towards home and real estate related sites, but will allow most web sites to provide access to hassle free mortgage applications.
Carol Pizzo, President of Virtuallender.com Inc. stated, ''Our affiliate program will be a great benefit to both us and our associates. Our program is modeled after the successful affiliate programs of Amazon.com (Nasdaq:AMZN - news), Yahoo! (Nasdaq:YHOO - news), Beyond.com (Nasdaq:BYND - news), CDNow (Nasdaq:CDNW - news), and Barnesandnoble.com (NYSE:BKS - news).
Vituallender.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. The Company recently signed a definitive agreement to acquire HomeSmart.com, a web publication that serves both consumers and the real estate industry through a comprehensive real estate Internet site.
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.
For more information on Virtuallender.com Inc. please visit virtuallender.com.
Statements regarding financial matters in this press release other than historical facts are ''forward-looking statements'' within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
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