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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: Probart who wrote (2147)	10/11/1999 12:03:00 PM
From: mod	Respond to of 2419

USABancShares.com to Provide Direct Online Banking On 600,000 eMachine Keyboards PHILADELPHIA--(BUSINESS WIRE)--Oct. 11, 1999--USABancShares.com, Inc. (NASDAQ: USAB) today announced that it has entered into an agreement with eMachines, Inc. under which eMachines will ship 600,000 computers featuring a USABancShares.com "hot button" displayed on the keyboard of every unit. The button will allow users instant online access to 24/7 banking services at USABancShares.com, whose site also features news, streaming media and progressive content designed to enhance user experience. Under terms of the agreement, eMachines will receive incentive compensation based upon customer origination, and the program may be expanded to include shipment of additional units based upon performance. With over 11% marketshare as of June, eMachines is the No. 3 retail desktop PC provider in the country, following Hewlett-Packard and Compaq. USABancShares.com will also be featured across eMachines web sites through a series of direct links, banners and other promotions at www.e4me.com. "This agreement will place our brand in front of an additional 600,000 users at the point of sale . . . directly on the computer keyboard. As the No. 3 retail PC provider, eMachines has done an incredible job of engineering a great system at a great price, and we're thrilled to work with them in changing the way people bank," said Ken Tepper, President & CEO of USABancShares.com. "Making access to online banking easy - with no more than the push of a button - is an important component of our growth strategy, and we'll continue to expand our hardware program through a variety of branded platforms designed for point-of-sale convenience," he concluded. eMachines was founded in September 1998 and began selling its eTower desktop computers in November 1998. As of June 1999, the company is ranked as the third largest supplier of desktop PCs to the US retail channel, according to market research organizations PC Data, Ziff Davis InfoBeads, and Intelect ASW. Recently, eMachines introduced its new "eONE / 433" system, featuring a powerful Intel(R) Celeron(TM) 433MHz processor (128KB Internal L2 Cache) supported by Intel chipsets. It includes a built-in 24x Max. Slim CD-ROM, 6.4GB hard drive, and internal 56K ITU V.90 PCI Fax/Modem. Forward Looking Statements: Some of the statements contained in this press release discuss future expectations, contain preliminary unaudited results of operations and financial condition and state other "forward looking" information. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, for example: general economic conditions, including their impact on capital expenditures; business conditions in the financial services industry; the regulatory environment; rapidly changing technology and evolving banking industry standards; competitive factors, including increased competition with community, regional and national financial institutions; new services and products offered by competitors; and price pressures. -------------------------------------------------------------------------------- Contact: USABancShares.com, Philadelphia Maureen Steady, Corporate Counsel, 215/569-4200 mps@USABancShares.com