** OT*** Hello Mrs. Nose, and others! Thought I would get some feedback on this stock (which I have no position in yet). It had a better week than BII last week, perhaps more to come - any comments?
Perhaps you could reply to this thread - Subject 27359
Wednesday, April 7, 1999 08:26 AM
MOUNTLAKE TERRACE, Wash.--(BUSINESS WIRE)--April 7,1999--Consolidated Data (OTC BB:CSDD) [edited out some mumbo jumbo]
Consolidated Data which recently acquired Yourbank Online.com is
an internet related company that provides E-commerce solutions to the
financial industry using a Microsoft (Nasdaq:MSFT) N.T. Platform. With
stock prices jumping 125 percent in a quarter and growth rates of 70
percent, the virtual banking sector as evidenced by Telebanc Financial
(Nasdaq:TBFC) trading at $97 13/16, NetB@nk Inc. (Nasdaq:NTBK) trading
at $97 7/8 and Security First Technologies Corp. (Nasdaq:SONE) trading
at $89 is positioned for continued success.
Consolidated Data intends to take advantage of this growing
internet financial industry by marketing its newly acquired online
banking software, YourBank online.com to the more than 18,000 credit
unions and the approximately 6500 small banks.
The software will be available to these institutions with
financial partnership agreements in place allowing revenue sharing
that was once only available to the nations larger institutions.
YourBank online.com, recognizing business models like America
Online (NYSE:AOL), Yahoo (Nasdaq:YHOO), Lycos (Nasdaq:LCOS) and Excite
(Nasdaq:XCIT) will provide portal pass thru to a variety of financial
products such as: home mortgages, insurance packages, i.e. property,
casualty and life, and provide online trading in a similar manner as
Ameritrade (Nasdaq:AMTD), Erade (Nasdaq:EGRP), Charles Schwab
(NYSE:SCH), and DLJ Direct (NYSE:DLJ) with the major difference being
that the client will be able to electronically transfer funds using
the YourBank software while maintaining security with the use of U.S.
grade incryption of 128 bit-key (SSL) designed by Netscape Corporation
(Nasdaq:NSCP).
Revenue from the portal pass thru and fees will be split between
the financial institutions and Consolidated Data. The combined set up
fees along with the continual portal pass thru fees will allow
Consolidated Data to achieve profitability in the near future.
Consolidated Data is also positioning itself to profit from the
construction industry with its wholly owned subsidiary, Contractors
Directory which provides the construction industry with a directory
service using the internet by which goods and services can be located
by not only homeowners and contractors but also insurance companies
via the internet.
These goods and services are geographically identifiable and
trade specific. The contractors directory also provides public records
search by geographic area for the purpose of obtaining credit
information on contractors, sub contractors and individual homeowners.
Public records search is also used to obtain building permit
information.
Further information can be obtained by viewing the contractors
website at contractors-directory.com.
Consolidated Data with Yourbank Online.com and
contractors-directory.com are positioning themselves to take advantage
of the fast growing internet and e-commerce markets which are
projected to generate $425 billion in sales in the United States and
generate $3.2 trillion in global transactions by the year 2002.
Statements in this news release may contain forward-looking
information within the meaning of Section 27A of the U.S. Securities
Act of 1933 and Section 21E of the Securities and Exchange Act of
1934, and is subject to the safe harbor created by those sections. All
statements, other than statements of historical fact, included in this
release, including, without limitation, statements regarding potential
future plans and objectives of Consolidated Data (CSDD) are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially
from those anticipated in such statements. Consolidated Data assumes
no obligation to update information contained in this release.
CONTACT: Consolidated Data
S. Everett Coryell or P.V. Plastino, 800/256-3954
*T
1999, Business Wire |
