Virtuallender.com, Inc. Announces Listing on the Berlin Stock Exchange Over-The-Counter Market
San Bruno, CA – March 16, 1999 Virtuallender.com, Inc., an on-line mortgage banker/direct lender, (OTC BB:VLDC) is pleased to announce that it has been accepted by Berliner Freiverkehrhandel e.V., a Berlin Over-The-Counter Trade Association, and has been listed on the Third Market Segment of the Berlin Stock Exchange (''Berlin'').
The trading symbol for Virtuallender.com on the Stock Exchange is "VLD" and the German securities code
(Wertpapierkennnummer) is 919 278.
Virtuallender.com obtained a Berlin listing with the purpose of gaining exposure to the global around the clock financial market place. As with Virtuallender.com's Internet business, the world wide financial markets operate across all time zones, with equities and securities being traded on a 24 hour per day basis. The new Berlin Over-The-Counter listing, will allow European investors to buy Virtuallender.com shares during their daylight trading hours, and will also help Virtuallender.com gain exposure in the European Internet and Technology equities market.
Virtuallender.com is currently listed on the National Association of Securities Dealers (''NASD'') 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. The Company recently signed a definitive agreement to acquire HomeSmart.com, "Everything for homes on the web", an on-line 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. visit virtuallender.com.
NOTE: 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.
Contact:
Carol Pizzo
Virtuallender.com, Inc.
877-462-9378
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