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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: Mike Milde who wrote (1706)	5/6/1999 9:53:00 AM
From: Rocky Reid	Respond to of 2414

Covered NTBK @ $175 I'll take my $20/share Short Sell profit now that Greenspan seems to be ruining my party! Good luck to everyone here.

To: Mike Milde who wrote (1706)	5/7/1999 8:24:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 2414

Net.B@nk Announces Filing of Registration Statement for 3 Million Split-Adjusted Shares of Common Stock and $100 Million of Convertible Subordinated Notes May 7, 1999 07:59 AM ATLANTA, May 7 /PRNewswire/ -- Net.B@nk, Inc. NTBK announced today that it has filed a registration statement with the Securities and Exchange Commission for public offerings of 3,000,000 shares of common stock and $100 million aggregate principal amount of convertible subordinated notes, all of which will be issued by the Company. In addition, the Company will grant to the underwriters an option to purchase up to 450,000 additional shares of common stock and up to $15 million aggregate principal amount of convertible subordinated notes solely to cover over-allotments in the offerings, if any. Share information in this press release reflects the Company's 3 for 1 stock split in the form of a stock dividend, which has a record date of April 23, 1999 and a distribution date of May 14, 1999. The offerings of common stock and convertible subordinated notes are being managed by Bear, Stearns & Co. Inc., BancBoston Robertson Stephens, Inc., Raymond James & Associates, Inc. and Kelton International Ltd. Net.B@nk(TM) (http://www.netbank.com), member FDIC, the Company's sole subsidiary, provides a broad array of banking and financial services over the internet, including checking and money market accounts, certificates of deposit, electronic bill payment, debit cards, mortgage loans, business equipment leases and securities brokerage services. As of April 30, 1999, Net.B@nk had over 29,000 customer accounts. A registration statement relating to the securities, which includes a separate prospectus for each offering, has been filed with the Securities and Exchange Commission, but has not yet become effective. The completion of the common stock offering and the convertible subordinated notes offering do not depend upon each other. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy the securities nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. When available, prospectuses relating to the Company's offerings of both common stock and convertible subordinated notes may be obtained from Bear, Stearns & Co. Inc. at 212-272-2000. Bear, Stearns & Co. Inc. is located at 245 Park Ave., New York, New York 10167. Contact: D.R. Grimes, Chief Executive Officer Net.B@nk, Inc. 770-343-6006 SOURCE Net.B@nk, Inc.