E*TRADE Awards $1 Million To Individual Investor In First-Ever eMILLION MANIA Co
/FROM PR NEWSWIRE SAN FRANCISCO 415-543-7800/
TO BUSINESS AND TECHNOLOGY EDITORS:
E*TRADE Awards $1 Million To Individual Investor In First-Ever eMILLION MANIA
Contest
Winning Contestant Tops Wall Street Professionals by Accurately Predicting
Year-end Dow
MENLO PARK, Calif., Jan. 6 /PRNewswire/ --
E*TRADE Group, Inc. (Nasdaq: EGRP) today announced the winner of its national
"eMILLION MANIA" contest, which celebrates the growing power of individual
investors who are taking control of their own financial futures by investing
online. The contest winner, Robert Richard Tokarchek of Westlake Village, CA,
accurately predicted the close of the Dow Jones industrial average on Dec. 31,
1999 at 11,497.12.
"Mr. Tokarchek's success illustrates the intelligence and market savvy of
today's individual investor," said Ben Stein, popular economist and co-host of
Comedy Central's Win Ben Stein's Money. "Mr. Tokarchek beat the predictions of
many of Wall Street's top investment professionals, which shows that given the
choice and the right tools of knowledge and information, today's individual
investors are able to make smart decisions about investing and take better
control of their financial futures."
"E*TRADE provides its customers with unprecedented access to financial
information, from comprehensive data and analytical tools to world-class
investor education resources," said Michael Sievert, vice president of
marketing at E*TRADE Group, Inc. "There is a monumental shift in how people
will live their lives in the 21st century. People want to take control of
their finances and E*TRADE empowers the individual investor to do just that.
We congratulate Mr. Tokarchek on his success."
E*TRADE's "eMILLION MANIA" contest, co-sponsored by Oldsmobile, invited
individual investors to predict the closing price of the Dow Jones industrial
average on December 31, 1999. Contestants also had the chance to win six
Oldsmobile Intrigue GL sedans, which were given away weekly, from October 23
to November 27, 1999. Contestants Steve Hawthorne, Lois Penner, Jamie Austin,
Jim Devoe, Erik Klein, and Stan Wiecek were the lucky automobile winners.
"Oldsmobile strongly supports E*TRADE in celebrating the power of the
individual," said Karen Francis, general manager, Oldsmobile. "Our customers
are smart, independent self-starters who know what they want out of life.
Along with E*TRADE, we believe in delivering just the right products and
services to these self-directed consumers."
As a recognition of the power of individual investing, the thousands of
entrants who came within 20 points of the correct closing price of the Dow
Jones will receive a free copy of the E*TRADE Investment Kit. Valued at
$49.95, the Investment Kit contains everything needed to quickly become part
of the online investing revolution: an E*TRADE investing application kit, the
best-selling Motley Fool Investment Guide and important information about
online investing. In addition, this gift includes a $100 investment voucher
that is automatically deposited into the customer's new E*TRADE account.
About E*TRADE
E*TRADE, a global leader in online personal financial services, is the
world's most-visited online investing site according to Media Metrix (9/99),
offering value-added investing and research features, premium customer service
and a redundant, proprietary Stateless Architecture(SM) infrastructure. In
addition to the US, E*TRADE presently serves customers through branded web
sites in Japan, U.K., Sweden, France, Australia, New Zealand, and Canada.
E*TRADE has been recognized as a leader in online financial services by
Lafferty Information and Research Group, PC Magazine and Smart Computing
magazine. E*TRADE Securities Inc. (Member NASD/SIPC), and its parent company,
E*TRADE Group, Inc. have offices in Northern California and in other major
business centers in the US and worldwide.
eMILLION MANIA Disclosure
To win the eMILLION MANIA contest, entrants had to guess the closing price
of the Dow Jones Industrial Average to the nearest one-hundredth decimal place
(e.g., 12,000.05), and enter only once. The million-dollar prize will be paid
to the winner over 20 years in equal installments, without interest. The
contest was sponsored by E*TRADE Group, Inc. and the Oldsmobile Division of
General Motors Corporation, Detroit, MI. The contest was not affiliated with,
or sponsored by, the Dow Jones Company. The contest was open to all U.S.
citizens who are residents of the United States. The contest was void in
Florida and where prohibited by law. Additional information is available at
www.emillionmania.com.
Important Notice
E*TRADE is a registered trademark of the company. All other trademarks
are properties of their respective owners. The statements contained in this
news release that are forward-looking are based on current expectations that
are subject to a number of uncertainties and risks, and actual results may
differ materially. The uncertainties and risks include, but are not limited
to, changes in market activity, market acceptance of the Destination E*TRADE
web site, anticipated increases in the rate of new customer acquisition, the
conversion of new visitors to the site to customers, seasonality, the
development of new products and services, the enhancement of existing products
and services, competitive pressures (including price competition), system
failures, economic and political conditions, changes in consumer behavior and
the introduction of competing products having technological and/or other
advantages. Further information about these risks and uncertainties can be
found in the information included in the annual report filed by the company
with the SEC on Form 10-K (including information under the caption "Risk
Factors") and quarterly reports on Form 10-Q.
CONTACT: Heather Fondo of E*TRADE Group, Inc., 650-331-5248 or
hfondo@etrade.com; or Pam Livingston of Hill and Knowlton,
415-955-2279 or plivings@hillandknowlton.com, for E*TRADE Group, Inc.
SOURCE E*TRADE Group, Inc.
/CONTACT: Heather Fondo of E*TRADE Group, Inc., 650-331-5248
orhfondo@etrade.com; or Pam Livingston of Hill and Knowlton,415-955-2279 or
plivings@hillandknowlton.com, for E*TRADE Group, Inc./
/Company News On-Call: prnewswire.com or
fax,800-758-5804, ext. 136683/
/Web site: emillionmania.com
/Web site: etrade.com
Jan-06-2000 15:35 GMT
Symbols:
US;EGRP
Source PRN PR NewsWire
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