BEDFORD, Mass.--(BUSINESS WIRE)--Feb. 7, 2000--
One-Of-A-Kind EFO Services Make Running a Business Easier Than Ever
OneCore.com (www.OneCore.com), a new breed of financial service
custom-built for small businesses and entrepreneurs, today announced
the EFO(TM) (Electronic Financial Officer), a resource that provides a
new level of integrated, easy-to-use financial management services and
expertise to the small business market. The EFO resource includes "Ask
the EFO," which is a free service available to anyone, as well as the
EFO Smart Statement and EFO Smart Alerts, which are available to
OneCore.com members. The new EFO resource combined with the company's
recent funding of $30 million and newly formed strategic partnerships
with Inc.com, Concentric Network and Peachtree Software demonstrate
OneCore.com's dedication to expand its service and provide
entrepreneurs and small business owners with the tools they need to
successfully run their businesses.
"Ask the EFO," currently available on OneCore.com's Web site,
dispenses free personalized advice on business finance questions to
the general public. "Ask the EFO" will soon populate outside sites as
well, including small business expert Jane Applegate's ApplegateWay
site (www.applegateway.com), which provides free audio, video and text
advice and resources to business owners. OneCore.com's EFO Smart
Statement displays a OneCore.com member's financial data in one,
convenient online location for an up-to-date snapshot of his or her
company's financial activity. EFO Smart Alerts send automatic e-mails
to OneCore.com members regarding financial issues such as low account
balances, bills to be paid, payroll to be processed, as well as
credit, loan and lease approvals.
"As an advocate of small business, I'm always on the look-out for
tools and services that can help business owners succeed," said Jane
Applegate. "OneCore's EFO resource is one such tool and I'm delighted
to be able to incorporate `Ask the EFO' on my site."
"OneCore's EFO Smart Statements and Alerts are a lifeline to my
business finances," said OneCore member Kent Taylor of Jack Spears,
Inc. "I was recently on a trip and got an e-mail alert reminding me to
approve several pending bills as well as process my payroll. While
I've delegated the set-up of these tasks to some of my employees, I am
the only one who can approve these transactions so the reminders were
extremely valuable to me."
OneCore.com provides a suite of integrated, easy-to-use online
financial services that enable entrepreneurs and small businesses to
manage their business finances quickly and efficiently. Through one
online account, members have access to a range of integrated
OneCore.com financial services, including cash management, bill
payment, payroll processing, 401(k) plan management, merchant card
services, and leasing and credit services. All OneCore.com accounts
can be accessed at anytime from anywhere and earn money market returns
on operating balances.
"OneCore.com is dedicated to providing entrepreneurs and small
business owners with superior customer service and a complete suite of
services for financial management, making it easier than ever to
efficiently run a business," said Jack Littman-Quinn, president and
CEO of OneCore.com. "Our EFO services reinforce OneCore.com's
commitment to bringing innovative solutions to the small business
market."
Pricing and Availability
"Ask the EFO" is a free service currently available to anyone at
www.onecore.com. Additional EFO capabilities are a complementary
feature that come with a OneCore Account. Recently, OneCore.com
debuted the QuickStart Account--a free account that offers members a
rate of return on their operating balances, free checkwriting and easy
access to additional OneCore services. For more information visit
www.onecore.com.
About OneCore.com
OneCore.com is a leading provider of online financial services to
small businesses and entrepreneurs. Through a single, secure online
account, businesses can access a powerful suite of fully-integrated
services to handle cash management, bill payment, payroll, 401(k)
plans, credit needs, merchant accounts and more, while earning money
market returns on operating balances. OneCore created this
award-winning suite of services through partnerships with CRI/Intuit
(Nasdaq: INTU.O), Checkfree (Nasdaq: CKFR.O), First Sierra (Nasdaq: BTOB.O),
and others. All accounts are offered through OneCore Securities, Inc.,
a registered broker/dealer, member SIPC, NASD, and a wholly-owned
subsidiary of OneCore.com. OneCore.com and OneCore Securities, Inc.
are located in Bedford, Mass. and can be reached at 1-888-ONE-CORE.
OneCore is a privately held company with backing from Century Capital
Management, Paine Webber (NYSE: PWJ.N), Merrill Lynch (NYSE: MER.N),
CMGI@Ventures (Nasdaq: CMGI.O) and others. For more information about
OneCore.com, visit www.onecore.com.
OneCore Accounts are protected up to $100 million, including
Securities Investor Protection Corporation (SIPC) coverage of $500,000
(cash claims limited to $100,000) and Travelers Insurance coverage of
$99.5 million. Investment in a money market fund is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
government agency, and rates of return are not guaranteed. Although a
money market fund seeks to preserve the value of your investment at
$1.00 per share, it is possible to lose money by investing in a fund.
Protection by SIPC and Travelers Insurance does not cover fluctuations
in the market value of investments. Prospectuses for the money market
funds and the funds offered through OneCore Securities, Inc.'s 401(k)
plan service are available by calling OneCore Securities, Inc. at
1-888-ONE-CORE. Investors should read the prospectus carefully before
investing. A QuickStart Account is free for businesses with an active
account. Examples of an activeaccount include use of other OneCore
services, maintaining a $5,000 average daily balance, or making 25
bill payments a month from the account. OneCore Securities, Inc. is a
member of the National Association of Securities Dealers, Inc., and a
member of SIPC.
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CONTACT: OneCore.com Schwartz Communications
Pamela Brewster Liz Tobey
781-275-5900, ext. 139 781-684-0770
pbrewster@onecore.com lizt@schwartz-pr.com
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: SOFTWARE COMPUTERS/ELECTRONICS BANKING
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