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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (1053)	1/27/2000 11:24:00 AM
From: Esway	Respond to of 1413

NEW YORK, Jan 27, 2000 (BUSINESS WIRE) -- TD Waterhouse Group, Inc., a leading online financial services firm and the world's second-largest discount broker (NYSE/TSE: TWE), today announced its intent to enter a marketing agreement with AnnuityNet.com to create an "Annuity Center" for TD Waterhouse's U.S. web site, making the firm the first online broker to offer this product. The Annuity Center, scheduled to debut in the 2nd quarter of 2000 at www.tdwaterhouse.com, will provide U.S. investors with access to low cost, tax-deferred variable annuity products and related educational information. Additionally, AnnuityNet.com will design a separate web site for TD Waterhouse's U.S. independent financial advisors that will allow them to manage their clients' variable annuity investments online. "We are the first online broker to provide online access to an Annuity Center that can assist our customers in meeting their investing and retirement objectives," says Frank J. Petrilli, president and chief operating officer, TD Waterhouse. "This partnership enhances our ability to provide our customers with a full array of online financial services. Variable annuities are an excellent tool for investors seeking tax-deferred growth." This partnership also expands AnnuityNet.com's product distribution channels to include TD Waterhouse's more than 2,800 affiliated independent financial advisors and customers of TD Waterhouse's services. "This agreement reflects recognition of the growth potential of variable annuities that are not sold through intermediaries or agents," said Steve Dunlap, vice president, Independent Financial Advisor Channel of AnnuityNet.com. "Our philosophy has always been to provide access to a select number of high-quality, low cost annuity products all in an easy to understand, online environment free of sales pressure. As a leading provider of both online brokerage services to consumers and independent financial advisors, TD Waterhouse is an ideal partner." TD Waterhouse Group, Inc. also known as "TD Waterhouse," provides investors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis. Worldwide, TD Waterhouse currently services more than 3.1 million customer accounts in the United States, Canada, Australia, Hong Kong and the United Kingdom. Recently, it announced joint ventures in India (with Tata Finance Limited) and Japan (with Bank of Tokyo-Mitsubishi, Ltd.) to pursue online financial services in those countries. TD Waterhouse can be found on the Internet at tdwaterhouse.com. Based in Leesburg, Virginia, and launched more than a year ago, AnnuityNet.com is the first company to reengineer variable annuities for sale directly through the Internet. Additionally, AnnuityNet.com is also the first and only company to harness the power of e-commerce to cut costs, give investors greater involvement in their retirement planning and help make annuities easier to buy and understand. This release may contain forward-looking statements. Our statements, which reflect management's beliefs and expectations, are subject to risks and uncertainties that may cause actual results to differ materially from these statements. For a discussion of such risks and uncertainties, please refer to the documents we file from time to time with the Securities and Exchange Commission. www.annuitynet.com Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: TD Waterhouse Group, Inc. Melissa Gitter, Vice President, Public Affairs 212/806-3522 melissagitter@tdwaterhouse.com or Richardson, Myers & Donofrio Rosemary Ostmann 410/576-9000 rostmann@rmd.com or Richardson, Myers & Donofrio Mary Striegel, 410/576-9000 mstriegel@rmd.com WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INDUSTRY CODE: COMPUTERS/ELECTRONICS INTERNET SOFTWARE BANKING INSURANCE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.