NetBank(NTBK)-formerly Atlanta Internet Bank Message Board

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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank

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To: Elsewhere who wrote (1291)	3/30/1999 11:36:00 AM
From: Elsewhere	Read Replies (1) of 2414

An hour ago I finished listening to the RadioWallStreet live online interview with NTBK CEO Grimes announced yesterday: biz.yahoo.com The replay should be available at VCall tonight: vcall.com Some notes: - Grimes stressed that the management team provides a balance between technology and banking experience - He discussed the obvious need for an asset strategy considering that the deposit side worked so well. In addition to mortgages NTBK will provide home equity and automobile lending thus extending its offering to the consumer lending business - The sequential account growth during this quarter apparently has been about 40% so far. This would mean that we are now above 24,000 accounts! - Payroll has increased to 40 employees - About COO Shapleigh's move to Directo: he called it a "smooth transition" and that there is "nothing at all to read between the lines" - Key milestones for the rest of the year: maintaining profitability and exponential growth while managing the growth adequately It was fun listening to the live broadcast, a première for me and an excellent way for foreign shareholders to have a timely access to spoken information. The audio quality was a bit low (the data channel had 6.5 kbit/s) but it was ok to follow.

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