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: Rajiv who wrote (1788)	5/26/1999 6:56:00 PM
From: Fortinwit	Read Replies (1) of 2414

Rajiv NetBank is doing another secondary And the S/3 is (as usual) worth a close look. edgar-online.com Pithy Quotes: - "During the four months ended April 30, 1999, we added an average of over 2,900 net customer accounts per month with 4,865 added in April alone." - "We plan to offer consumer loans, including home equity and automobile loans, beginning in the third quarter of 1999. We also intend to develop additional products and services such as insurance products, electronic bill presentment and electronic document and image storage in a virtual safe deposit box." - "We intend to use the earnings from these assets and the balance of the net proceeds from this offering for general corporate purposes, including increasing our budgeted marketing efforts to $11.0 million for the next twelve months. " Apologies if any of this is old news. . . F.

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