This Looks Like a MCD to me, your thoughts.....these articles are in reverse order staring today and going back to 4/7/1998. I find this most interesting as I can relate it to MCD struggle with competitors here in the states....where MCD instead of getting in to a fisty-cuff they just set sail abroad. I find it similar. Question is what are the other e-Brokers doing? Anybody know?
E*TRADE Signs Comprehensive Licensing Agreement With Israel
PALO ALTO, Calif. --- E*TRADE Group, Inc., (Nasdaq: EGRP), a leading branded provider of online investing services, today announced it has entered into a licensing agreement with Jerusalem Global Ltd., a high tech investment banking boutique, and a group of entrepreneurs led by Israeli attorney Baruch Halpert, to provide E*TRADE branded online investing services to individual investors in Israel. Incorporating the technology and innovation that has made E*TRADE a popular model in the U.S. online industry, E*TRADE Israel anticipates being operational sometime during the second half of 1998. Jerusalem Global will assist E*TRADE Israel in raising capital by establishing strategic partnerships with both local and international financial institutions.
"E*TRADE is very pleased to have this strategic alliance in Israel," said Judy Balint, E*TRADE's Senior Vice President, Global Marketing and Strategic Business Development, and head of the company's new International Division. "Our agreement to establish E*TRADE Israel represents another milestone in our continuing commitment to expand into new international markets and empower individual investors in other countries with the opportunity to take control of their financial portfolios at home, at work, or anywhere they have access to the Internet or a touch-tone phone."
Baruch Halpert, CEO of E*TRADE Israel, noted that the Israeli market, with its active and growing high technology sector and heavy concentration of Internet users, is an ideal climate for online investing. "E*TRADE Israel will open a new frontier for the individual investor in Israel," Halpert said. "E*TRADE is exceptionally easy to use, while providing one of the most powerful and sophisticated suites of portfolio management tools, in-depth research, real-time quotes, breaking news, and other value-added services."
"This is an exciting opportunity for Israeli investors," said Dr. Shlomo Kalish, founder and Chairman of Jerusalem Global. "Just as E*TRADE helped to revolutionize online investing in the United States, we are confident that E*TRADE Israel will become very popular with Israeli investors, as they become attracted to the easy access, value-added products and services, and reasonable fees that are a cornerstone of the E*TRADE brand."
According to Balint, the Israeli marketplace, along with Jerusalem Global and the entire entrepreneurial team, combine to form ideal partners for E*TRADE's expanding international network. "This impressive team of management, technology, legal and financial expertise was most attractive to us as we looked for a presence in this region of the world. The solid background and proven experience of E*TRADE Israel's leadership team bodes well for the development phase of the project, as well as its long-term success."
Jerusalem Global, which specializes in investment banking, advisory services and business development between Israel and foreign high technology companies, is considered the primary source of information on Israeli technology companies. The company has previously had tremendous success in developing marketing relationships and strategic partnerships with leading U.S. firms such as NationsBanc Montgomery Securities and Galileo Technology, among others. As its founder, Dr. Kalish has broad experience in investment banking and strategic consulting for Israel's growing high technology sector. Baruch Halpert, an Israeli attorney with experience in representing high technology companies, was instrumental in forging the E*TRADE Israel licensing agreement. Halpert has represented both Israeli companies abroad and foreign companies in Israel, in addition to providing them with business planning services.
The creation of E*TRADE Israel will once again extend the E*TRADE brand into new markets. E*TRADE Canada began service in 1997. Last month, E*TRADE expanded service beyond North America with the launch of E*TRADE Australia, and also announced plans for the intended creation of E*TRADE Germany and E*TRADE Central Europe. At the end of last quarter, E*TRADE announced intentions to extend the E*TRADE brand to more than twenty-five countries around the world, including Israel.
About E*TRADE
A leading branded provider of online investing services, E*TRADE has established a popular destination Web site for self-directed investors.
The company offers independent investors the convenience and control of automated stock, options, and mutual funds order placement at low commission rates, along with a suite of value-added products and services that can be personalized, including portfolio tracking, Java-based charting and quote applications, real-time market commentary and analysis, news, and other information services.
Customers can access E*TRADE at etrade.com on the Internet as well as through WebTV; via Prodigy; via AT&T Worldnet; via Microsoft Investor; by GO ETRADE on CompuServe; with the keyword ETRADE on America Online; via personal digital assistant; and via the TELE*MASTER interactive telephone system. E*TRADE Securities, Inc., and its parent company, E*TRADE Group, Inc., are headquartered in Palo Alto, California.
E*TRADE is a registered trademark of the Company. TELE*MASTER is a trademark of E*TRADE Securities, Inc. 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, the development of new products and services, the enhancement of existing products and services, competitive pressures, system failures, economic and political conditions, and the introduction of competing products having technological and/or other advantages. Further information about these matters can be found in the information included in the annual report filed by the Company with the SEC on Form 10-K and quarterly reports on Form 10-Q.
/CONTACT: Kim Shepherd, kshepherd@dgi-chicago.com, or Tim Ryan,
tryan@dgi-chicago.com, both of The Dilenschneider Group, 312-553-0700/
"Copyright(c) 1998, PR Newswire"
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E*Trade Grp Launches Online Investing Svc In Australia
PALO ALTO, Calif. (Dow Jones)--E*Trade Group Inc. (EGRP) lauched its online investing service in Australia.
In a press release Wednesday, E*Trade said the launch comes as part of an agreement with Sydney-based Nova Pacific Capital Ltd.
"Dow Jones News Service"
"Copyright(c) 1998, Dow Jones & Company, Inc."
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E*TRADE Announces Planned European Expansion
PALO ALTO, Calif. -- E*TRADE Group, Inc. (Nasdaq: EGRP), a leading branded provider of online investing services, today announced it has signed a master licensing agreement that, if fully implemented, will extend the E*TRADE brand to five countries in Central Europe. The Agreement forges an alliance between E*TRADE Group Inc., and two leading financial services firms in Germany, the New York Broker Group headquartered in Dusseldorf and the Berliner Freiverkehr Group, headquartered in Berlin, and contemplates the eventual formation of E*TRADE Germany and E*TRADE Central Europe, Inc.
"This licensing agreement offers E*TRADE the opportunity to extend our brand beyond North America and enter key European markets," said Christos Cotsakos, President and Chief Executive Officer of E*TRADE Group, Inc. "Additionally, these agreements have the potential to provide E*TRADE with additional revenue streams that should contribute to both our top and bottom line."
Judy Balint, E*TRADE's Senior Vice President Global Marketing and Strategic Business Development, and head of the Company's new International Division, added, "International alliances are an important component of E*TRADE's expansion plans and allow us the opportunity to expand into key international markets. Our planned introduction of the E*TRADE brand to Germany and other countries in Central Europe is important to our strategy and our mission to leverage our reputation as a leader in applying technology to investment solutions using the power of the Internet."
The license agreement contemplates that E*TRADE Central Europe, Inc. will establish subsidiaries for each country covered by its license, beginning with Germany under the name of E*TRADE Germany, and then eventually extend the service to Poland, Hungary, the Czech Republic and Croatia.
Hartmut Bergmann, Chairman of the New York Broker Group, expects the E*TRADE model to be a tremendous resource to European investors. "E*TRADE has appeal to both retail and institutional investors in Germany due to the breadth of the market information offered, the real-time access to order and portfolio information, the ease of use and its cost-effectiveness. We foresee significant growth potential for the market in this country and throughout Europe," stated Bergmann.
According to Balint, the agreement signifies E*TRADE's commitment to international growth. "This is a long-term strategy for us. Many of these markets may develop more slowly than the U.S., however, our initial research indicates significant growth potential as more and more individuals turn to the Internet as a viable channel for investing."
The master licensing agreement provides the New York Broker Group and Berliner Freiverkehr with an ongoing relationship to E*TRADE and the right to utilize the E*TRADE name, technology and product line throughout Germany and the four Central European countries. E*TRADE will take a minority interest in the new company and will be recognizing ongoing licensee and, potentially, royalty revenues. While the Company plans to fully implement the licensing agreement, there are a number of factors, including regulatory restrictions, that could cause the business enterprise contemplated by the license agreement to not become operational.
About New York Broker Group
The New York Broker Group provides both traditional and innovative investment services to German clientele. From its headquarters in Dusseldorf, Germany, New York Broker Deutschland AG (OTC Bulletin Board: NYBDY) offers international brokerage and money management to institutional and private investors. The group's investment banking activities focus on German high technology companies. Last year, it underwrote the first firm incorporated in Germany to list on Nasdaq. The New York Broker Group maintains offices in Dusseldorf, Frankfurt, Cologne, Munich, Warsaw and the Washington, D.C. area.
About Berliner Freiverkehr (Aktien) AG
Berliner Freiverkehr (Berlin: BFV) is a full member of the Berlin and Frankfurt Stock Exchanges, where it serves as specialist and market-maker for more than 800 publicly listed companies from all over the world in the regulated market, over-the-counter market and as a service provider in the "Neuer Markt." It also offers comprehensive investment banking services to German high-growth companies from the venture capital phase through the public placing and trading of a company's share.
About E*TRADE
A leading branded provider of online investing services, E*TRADE has established a popular destination Web site for self-directed investors.
The company offers independent investors the convenience and control of automated stock, options and mutual funds order placement at low commission rates, along with a suite of value-added products and services that can be personalized, including portfolio tracking, Java-based charting and quote applications, real-time market commentary and analysis, news and other information services.
Customers can access E*TRADE at etrade.com on the Internet as well as through WebTV; via Prodigy; via Microsoft Investor; by Go ETRADE on CompuServe; with the keyword ETRADE on America Online; via personal digital assistant; and via the TELE*MASTER interactive telephone system. E*TRADE Securities and its parent company, E*TRADE Group, Inc., are headquartered in Palo Alto, California.
E*TRADE is a registered trademark of the Company. TELE*MASTER is a trademark of E*TRADE Securities, Inc. 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, the development of new products and services, the enhancement of existing products and services, competitive pressures, system failures, economic conditions and the introduction of competing products having technological or other advantages. Further information about these matters can be found in the information included in the annual report filed by the Company with the SEC on Form 10-K and quarterly reports on Form 10-Q.
/CONTACT: Kate Connelly, kconnelly@dgi-chicago.com, or Tim Ryan,
tryan@dgi-chicago.com, both of The Dilenschneider Group, 312-553-0700, for
E*TRADE/
"Copyright(c) 1998, PR Newswire"
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E*Trade Group Earnings -4: Launches Licensing, Expansion
E*Trade Group Inc. (EGRP) signed four master licensing agreements that it expects will extend the E*Trade brand to more than 25 countries when fully implemented.
Terms weren't disclosed.
E*Trade said has taken a minority interest in each of the master licensee companies, which it did not name.
The four agreements envision the eventual formation of operations in Asia, France, Germany and Israel, and will encompass jurisdictions throughout Europe and Asia.
The company launched its first international alliance in Canada with partner Versus Technologies E*Trade Australia will launch retail online investing services in the third quarter through Nova Pacific Capital.
"Dow Jones News Service"
"Copyright(c) 1998, Dow Jones & Company, Inc." |
