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Strategies & Market Trends : e-Commerce the Next 100 Months...... -- Ignore unavailable to you. Want to Upgrade?

To: TQR who wrote (877)	5/5/1998 2:32:00 PM
From: Frank Ferrari	Respond to of 2882

Connect Inc. - First Snap On! now AT&T wireless. biz.yahoo.com Frank

To: TQR who wrote (877)	5/6/1998 10:18:00 AM
From: TLindt	Read Replies (3) \| Respond to of 2882

History Boys! The e-Commerce segment is about ready to pay-off in Spades.... Congrats to NTBK Holders....... Net.B@nk, Inc. Achieves Profitability ATLANTA -- Net.B@nk, Inc. (Nasdaq: NTBK), the holding company for Atlanta Internet Bank (AIB), announced profitable operations for AIB for the month of March 1998. D. R. Grimes, CEO of Net.B@nk stated, "We are extremely pleased to be the first profitable Internet bank in the country. Our profitable operations, coupled with the bank's remarkable growth resulting from a nation-wide marketing campaign and from acceptance of the Internet as a banking service delivery channel, places Net.B@nk in an industry leadership position. Our account base grew 18% in the month of April and our total deposits increased 19% during the month to a total of $153 million at April 30, 1998. We have reached a milestone with the necessary deposit size to cover our low overhead structure." Due to management's belief that profitable operations are likely to continue for the foreseeable future, the company expects to record in accordance with Statement of Financial Accounting Standards #109 an estimated $3 million income tax benefit in 1998 related to a change in the company's tax valuation account, and to record taxes on future earnings. The company estimates that the $3 million tax benefit will increase book value approximately $.45 to $.50 per share. Net.B@nk, Inc. was formed in 1996 and completed its initial public offering in July 1997. The company acquired the Internet based banking operations of AIB, a member of the FDIC, and has deposits from customers throughout all 50 U.S. states and over 20 foreign countries. This release contains certain forward-looking statements involving various risks inherent in the company's business, which could cause actual results to differ materially from plans or projections. Such risks are more fully discussed in the company's Registration Statement on Form S-1 (Reg. No. 333-23717) which is on file with the Securities and Exchange Commission. All forward-looking statements in this release are based on information presently available to management. /CONTACT: D.R. Grimes, CEO, or Robert E. Bowers, CFO, of Net.B@nk, 770- 343-6006, or fax, 770-343-9344/ "Copyright(c) 1998, PR Newswire" "Provided by Dow Jones & Company, Inc."