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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: rodney beasley who wrote (59389)	3/3/1999 9:51:00 AM
From: cyberman	Respond to of 119973

Watch this stock - NTBK Net.B@nk Lends Over $100M in Online Home Mortgages in Just Six Months PR Newswire - March 03, 1999 07:45 ATLANTA, March 3 /PRNewswire/ -- Net.B@nk(TM), Member FDIC (Nasdaq: NTBK) (www.netbank.com) provided more than $100 million in financing for home mortgages to consumers across the country during the last six months of 1998, the bank announced today. Lending officials at Net.B@nk, which is the largest FDIC-insured bank operating solely on the Internet, attribute this overwhelming volume to the lending programs they have developed for top Internet lending companies, including First Mortgage Network and American Finance and Investment's mortgage.com. "Industry analysts are predicting an exponential increase in the number of online mortgage originations in the U.S. in 1999 and beyond," said Bill Bazzell, senior mortgage officer at Net.B@nk. "Net.B@nk is fast becoming the lender of choice online as we offer consumers Internet mortgage services with unprecedented convenience, lower loan origination costs and an enhanced degree of privacy. We are a new breed of loan wholesaler, providing loan products through leading-edge Internet lenders." By taking advantage of Internet technologies, Net.B@nk, a federal savings bank operating in all 50 states, improves the closing process for their lending partners. The relationship with Net.B@nk facilitates the loan application and processing while reducing costs for consumers and lending organizations alike. Founded in 1992, mortgage.com (formerly American Finance and Investment, Inc., purchased by First Mortgage Network in April 1998) was one of the first companies to offer mortgages on the Internet. Since then, the mortgage banker has funded over 10,000 loans. Its customers do business with mortgage.com directly and through Microsoft Home Advisor, Quicken(TM) Mortgage and others to save time and money without sacrificing personal service. Net.B@nk, Inc. (Nasdaq: NTBK), is the first profitable Internet-only bank in the country, having achieved profitability in the second, third and fourth quarters of 1998. With more than 20,000 accounts and customers in all 50 United States and 20 foreign countries, Net.B@nk, Member FDIC (www.netbank.com), is the largest FDIC-insured bank operating solely on the Internet. In addition to checking and money market accounts and certificates of deposits with exceptional interest rates, Net.B@nk offers its customers the ultimate convenience in banking. Products and services include account access any time, anywhere, free unlimited online bill payment, free unlimited ATM use, VISA(R) Check Card, VISA(R) and MasterCard(R) credit cards, online brokerage services, mortgage lending and business equipment leasing services. For more information on Net.B@nk, its products and services, visit the web site at www.netbank.com, or call 1-888-256-6932. SOURCE Net.B@nk, Inc. /CONTACT: Andrea Thabit or Sean F. Cassidy, public relations, both of Dan Klores Associates, Inc., 212-685-4300, for Net.B@nk, Inc./ /Web site: mortgage.com /Web site: netbank.com (NTBK)