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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: amadeus who wrote (1466)	4/12/1999 9:13:00 AM
From: Kimberly Lee	Read Replies (2) \| Respond to of 108040

9:01am VLDC major news with NTBK just out. Virtuallender.com, Inc., Signs Definitive Agreement With Net.B@nk Business/Technology Editors SAN BRUNO, Calif.--(BUSINESS WIRE)--April 12, 1999--Virtuallender.com, Inc., (OTCBB:VLDC) announced today that they have signed a definitive agreement with Net.B@nk, (NASDAQ:NTBK) the largest FDIC-insured bank operating solely on the Internet. Virtuallender.com, Inc., will not only be able to broker loans out as a correspondent to Net.B@nk and other major nationwide lenders but will also be able to act as a mortgage banker to fund their own loans, and to provide a wide array of product, including home equity lines of credit. The agreement with Net.B@nk will allow Virtuallender.com to speed up the time it takes to process mortgage loans and provide Virtuallender.com better pricing and secondary market execution. "Our agreement with Net.B@nk is another example of how we plan to accomplish our goal of offering loans online faster, easier and at a lower cost than through the traditional loan origination process, " said Carol Pizzo, President, Virtuallender.com, Inc. 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 almost 25,000 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. Virtuallender.com benefits consumers by providing a faster, flexible, more complete online mortgage solution, avoiding the frustration, delays and cost of the traditional mortgage process while providing the traditional "bricks and mortar" mortgage business that consumers and realtors have traditionally utilized. Virtuallender.com, Inc has established close ties with some of the nation's leading lenders such as Headlands (NASDAQ:HDLD), 1ST Security Crosslands (NASDAQ:FFCO), World (NYSE:GDW), Dominion Resource/Saxon (NYSE:D), PCFS (NYSE:PFGI), and Downey Savings (NYSE:DSL). According to estimates by James Marks, Deutsche Bank Securities Analyst, the online mortgage industry is set for explosive growth, with projections topping $60 billion by the year 2000. For more information on Virtuallender.com, Inc. please visit virtuallender.com. Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. --30--kf/bos* CONTACT: Virtuallender.com Carol Pizzo, 877/462-9378 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS BANKING INTERACTIVE/MULTIMEDIA/INTERNET REAL ESTATE PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Apr-12-1999 06:02 GMT Symbols: US;VLDC Source BW Business Wire

To: amadeus who wrote (1466)	4/12/1999 9:30:00 AM
From: kathyh	Respond to of 108040

Interesting article on Netbank... wallstreetcity.com Movers and Shakers Apr 9 1999 3:07PM CST Archives... NetBank is Actual Winner in Virtual Sector by Theo Spradlin NetBank Inc., (NTBK), first went public in July of 1997 at $13 a share, NTBK has traded on high volume and set a new all-time price high this week and is trading late today at $118-3/8 this stock has netted a 810.57% increase in per share value in less than two years. NetBank, Inc. is a bank holding company for Atlanta Internet Bank, a federally chartered Internet-based savings bank. Net income for the nine month period ending 09/30/98 totaled $3.7M vs. a loss of $4.7M for the year prior. NTBK has a meaningful P/E Ratio of approximately 171.55 at its current price, and about 20% of shares outstanding are owned by institutions. A recent Business Wire press release says that "with growth rates of 70%, the Virtual Banking sector as evidenced by Telebanc Financial, (TBFC), NetBank Inc., (NTBK), Security First Technologies Corp., (SONE), is positioned for continued success." All of these stocks show impressive charts with consistent, steady growth. Disclaimer: This report is published solely for information purposes and is not to be construed as advice to either buy or sell a security. Trading involves risk, including possible loss of principal and other losses.