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Revolutionary JB Oxford npower Account Makes It Easy for Consumers to Manage Their Money All-in-one JB Oxford npower account provides free, unlimited Internet access
September 21, 1999
LOS ANGELES, Sept. 20 /PRNewswire/ via NewsEdge Corporation -- Starting today JB Oxford & Company, a subsidiary of JB Oxford Holdings Inc. (Nasdaq: JBOH) and a provider of discount and online brokerage services to clients nationwide, will change forever the way customers manage their finances with the introduction of JB Oxford npower. The first-ever service package of its kind, JB Oxford npower provides users with a one-stop, online shop to manage their personal finances along with free, unlimited Internet access for life.
JB Oxford npower is the first truly integrated, online financial services package for consumers that features free Internet access, online trading capabilities, electronic banking services including online bill payment, and a host of other valuable financial management tools. With the introduction of JB Oxford npower on its web site at www.jboxford.com, JB Oxford has redefined the online delivery of financial services to offer customers the most reliable, economical and unified means for managing personal finances on the 'Net.
"JB Oxford has long been dedicated to providing the highest level of service to our customers, and npower continues that tradition," said JB Oxford Holdings Chairman and Chief Executive Officer C.L. Jarratt. "This innovative service provides users a wide assortment of financial services in one friendly place, and all at an extremely competitive price. Thanks to JB Oxford npower, ours is the financial destination of choice for managing your money."
The JB Oxford npower Package
JB Oxford npower provides users one-stop access to the most up-to-date financial tools available. What's more, the package unites fast, reliable and free Internet service; optional individual attention from a personal broker; and the most powerful and economical financial management tools available online -- all features that go well beyond the scope of a traditional brokerage account. The service, which is free to all JB Oxford npower account holders who maintain a $2,000 cash balance in their accounts, includes:
-- Free, unlimited Internet access;
-- Online trading and brokerage, with optional access to a personal
broker;
-- Telebanking and phone trading;
-- Interest-bearing checking;
-- Online bill payment and presentment;
-- Free ATM/check card;
-- A vast array of company research and market information;
-- Free e-mail and personal web page.
In developing the Internet service included as part of the JB Oxford npower account, JB Oxford worked with leading suppliers including AT&T to ensure the reliability and performance speed of the network. The service is free to customers who open a JB Oxford npower account and maintain a $2,000 cash balance. All other JB Oxford customers can subscribe to the service for just $15.95 per month.
"Consumers are increasingly going online to manage their personal finances and looking for the most cost-effective way to do so," said JB Oxford Holdings President and Chief Operating Officer Jamie Lewis. "JB Oxford npower enables our customers to take control of their finances easily and economically. Whether you're looking to invest in the stock market, save for retirement, or simply enjoy the convenience of electronic banking while earning interest on your cash balance, JB Oxford npower provides the financial tools that can help you achieve your goals."
Part of a Long-term Strategy
JB Oxford npower is the second significant step JB Oxford has taken in recent weeks to provide its customers with the most advanced online options for managing their finances. Over the next several months, the company will unveil a variety of additional new products, each designed to make consumers' lives a little bit simpler and managing finances a whole lot easier.
The introduction of npower comes on the heels of the launch of JB Oxford's redesigned and enhanced web site. Offering improved speed and access to a broader selection of timely market information, www.jboxford.com also provides customers with valuable features including:
-- After-hours trading;
-- Web escorting for live, one-on-one technical support;
-- Real-time stock quotes;
-- Options chains;
-- Customizable interactive charts;
-- Portfolio tracking;
-- Watch lists;
-- Stock screening on more than 26 data fields drawing against more than
100 data sources;
-- Company profiles;
-- Research provided by Argus, Market Edge and Zack's;
-- Mutual fund research from Value Line;
-- Up to the minute market news and much more.
"JB Oxford is committed to developing unique products and services that provide value our customers won't find anywhere else," Mr. Jarratt said. "We want to be the resource our customers come to for all their financial needs. JB Oxford npower and our new Web site help ensure that happens. Combining fast, reliable Internet service and individual attention from a personal broker with the most powerful and economical financial management tools available, JB Oxford npower pushes the envelope in discount brokerage. By consolidating the financial services people need with the Internet access they want, we're providing the exceptional service investors have come to expect from JB Oxford."
About JB Oxford & Company
JB Oxford & Company, a subsidiary of JB Oxford Holdings Inc. (Nasdaq: JBOH), provides discount brokerage services with optional access to personal brokers, electronic banking services, and free Internet access all in one friendly place. The company's one-stop financial destination at www.jboxford.com was developed to be the easiest, most complete way for consumers to manage their money. The site features online trading, online bill payment, robust stock screening and portfolio tracking tools as well as up-to-the-minute market commentary and research from the world's leading content providers. JB Oxford has branches in New York, Miami and Los Angeles.
This press release contains statements that are forward-looking and comments on market conditions and outlook. Any number of conditions may occur which would affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, known and unknown risks, customer trading activity, changes in technology, shifts in competitive patterns, decisions with regard to products and services, changes in revenues and profits, and significant changes in the environment.
JB Oxford npower
QUICK FACTS
What is JB Oxford npower?
The JB Oxford npower account is the easiest, most complete way to manage your money online. JB Oxford npower represents the first truly integrated, online financial service package for consumers. With the introduction of npower on its web site at www.jboxford.com, JB Oxford has revolutionized the online delivery of consumer financial services.
What does JB Oxford npower Offer?
The JB Oxford npower account offers consumers all the tools and research you would expect from an online brokerage as well as a host of services that make it easy to manage your personal finances in one place, including:
-- Free, Unlimited Internet Access: With local dial-up from almost 600
points of presence nationwide. Subject to maintenance of a $2,000
minimum cash balance; all other JB Oxford account holders can subscribe
to the service for just $15.95 per month.
-- Online Trading and Brokerage with Optional Access to a Personal Broker:
Online trading or the ability to contact a personal broker for advice
and assistance with trade entry plus robust financial content and
powerful research tools.
-- Online Bill Payment: Available in the fourth quarter of 1999, saves
time and money by allowing customers to pay one-time and recurring
bills electronically.
-- Telebanking and Phone Trading: JB Oxford's interactive voice response
system lets customers place equity or option trades, pay bills,
transfer funds, keep track of portfolios, and retrieve real-time quotes
- including mutual fund quotes.
-- Extended Trading Hours: Available for limit orders between 8:30 and
9:30 a.m. Eastern and again between 4:00 and 5:00 p.m. Eastern via
Instinet, the world's largest electronic communications network.
-- Interest-bearing Checking with ATM/Check Card: The flexibility of a
checking account and the benefits of an investment account, with the
convenience of an ATM/check card that can be used at thousands of
retailers and cash machines throughout the world.
-- Free E-mail and Personal Home Page: Customers who take advantage of the
company's Internet service get a personal home page with 2 MB of memory
as well as free e-mail featuring 12 MB of memory for message storage.
How can consumers sign up for JB Oxford npower?
The service is available free to all JB Oxford customers who establish a JB Oxford account and maintain a cash balance of $2,000. JB Oxford npower can be accessed at JB Oxford's web site at www.jboxford.com or by calling 1-800-JB-OXFORD.
JB Oxford & Company and Selected Competitors:
Services at a Glance
Online Orders JB Oxford npower Discover DLJDirect
Minimum Initial
Deposit $2,000 $2,000 $0
Market Orders $14.50/1,000 $14.95/5,000 $20.00/1,000;
(A),(B) 1,000+ $0.02 per
share
Limit Orders $19.50/1,000(A),(B) $19.95/5,000 $20.00/1,000;
1,000+ $0.02 per
share
24/7 Customer
Service -- -- --
Access to Personal
Broker --(C) No No
Web Escort(TM)
Interactive
Support -- No No
FREE Internet
Service --(D) No No
FREE E-mail --(D) No No
FREE Home Page --(D) No No
FREE Interest-bearing
Checking -- -- --
Online Bill Payment -- No No
FREE ATM/Check Card -- No No
Online Orders E*Trade Schwab Account
Minimum Initial Deposit $1,000 $5,000
Market Orders $14.95 $29.95/1,000;
Listed/5,000 1,000+ $0.03 per
$19.95 share
OTC/5,000
Limit Orders $19.95/5,000 $29.95/1,000;
1,000+ $0.03 per
share
24/7 Customer Service Online Only --
Access to Personal Broker No No
Web Escort(TM) Interactive Support No No
FREE Internet Service No No
FREE E-mail -- No
FREE Home Page No No
FREE Interest-bearing Checking -- No
Online Bill Payment No No
FREE ATM/Check Card No No
(A) Listed and OTC equities over $1.00 per share. Listed and OTC
equities under $1.00 per share are charged at the lesser of $0.03 per
share or 5% of principal; $25 minimum.
(B) Orders over 1,000 shares are charged an additional $0.01 on each
share over 1,000.
(C) Customers who utilize a personal broker will be charged $24.50 per
market order of up to 1,000 shares.
(D) Subject to maintenance of $2,000 cash balance. All other JB Oxford
account holders can subscribe to the service for $15.95 per month.
SOURCE JB Oxford Holdings, Inc.
/CONTACT: Customer Inquiries, 1-800-JB-OXFORD; Investors, Jill Fukuhara of the Financial Relations Board, 310-442-0599, for JB Oxford; or Media, Andrea Roebker of Hill & Knowlton, 323-966-5751, for JB Oxford/ /Web site: jboxford.com / (JBOH)
[Copyright 1999, PR Newswire]
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