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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Panita who wrote (68830)	4/14/1999 3:14:00 PM
From: Baghul	Read Replies (1) of 119973

Check out LFCO! new hot internet bank issue LIFE Financial Corporation SAN BERNARDINO, Calif.--(BUSINESS WIRE)--April 14, 1999--LIFE Financial Corporation (NASDAQ:LFCO - news) announced today that its primary subsidiary, Life Bank, is nearing completion of an interactive real time Web-site. This site is now available for viewing at ''lifebank.net''. This technology will serve to further enhance Life Bank's ongoing efforts to expand its national base of operations. Accessing ''lifebank.net'' will provide customers with a comprehensive array of personal and business banking services including checking, savings, money market accounts, certificates of deposit and automated bill payment. All of these services, as well as any type of account inquires, will be available 24 hours a day from practically anywhere in the world. Life Bank will also offer online loan application access for its proprietary Liberator residential and Income Capital commercial loan programs. The Web-site will be employed to expand Life Bank's consumer loan offerings as well. A link will be incorporated with ''point and click'' technology to allow ease of access to Life Bank's ''ilife'' joint venture with business partners Prodigy Communication Corporation and Recompute International. Currently Life Bank's Consumer Finance Group is receiving up to 100 loan applications a day over the InterNet at its current application site of ''ezpcnet.com'' which are electronically delivered, underwritten and funded by a proprietary system. According to Daniel L. Perl, Chief Executive Officer and Chairman, ''This technology provides an additional channel to Life Bank's deposit gathering and loan funding activities. It is our belief that with the proper nurturing, this exciting venue will position Life to better serve new and existing customers where ever they may be.'' Life Bank is a federally chartered savings bank that originates on a national basis over $1 billion in annual loan production funded by $430 million in total bank deposits. Life Bank currently has 4 existing traditional bank branches with a fifth scheduled to open in May of 1999. Life Bank also operates a virtual repository with over $250 million in certificates of deposit. The statements contained in this release that are not historical facts are forward-looking statements based upon management's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by management. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risk and uncertainties. --------------------------------------------------------------------------------

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