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To: rbotik who wrote (19063)	5/26/1999 9:16:00 AM
From: Mandalou	Respond to of 40688

Business to Business Banking Wednesday May 26, 8:39 am Eastern Time Company Press Release First Sierra Signs Letter of Intent With Security First Technologies To Power Planned Internet-Based Business-to-Business Bank HOUSTON--(BUSINESS WIRE)--May 26, 1999--First Sierra Financial, Inc. (Nasdaq: BTOB - news) announced today that it has signed a letter of intent to utilize Security First Technologies Corporation, or S1, (Nasdaq: SONE - news) and its Virtual Financial Manager(TM)(VFM) software to power its planned Internet-based business-to-business financial institution. Security First Technologies is the leading developer of integrated, transactional and brandable Internet applications for financial institutions. First Sierra announced on April 14, 1999, subject to regulatory approval, it plans to establish the first Internet-based business- to-business bank. The Company plans to offer banking services to its active customer base of more than 55,000 small businesses. ''Our relationship with Security First Technologies reflects our dedication to providing small businesses with a powerful set of e- commerce solutions that address the specific needs of this rapidly expanding marketplace,'' said Michael Sabel, Executive Vice President at First Sierra Financial. ''By aligning ourselves with S1, we believe we can meet our strategic business objectives of delivering advanced, online financial capabilities to small businesses in a much more timely manner. S1's open platform enables the integration of complementary, targeted solutions that will help us to continue to raise the standard for online business-to-business financial transactions in the electronic marketplace.'' S1's Virtual Financial Manager (VFM) solution is the first suite of Internet-based financial management applications to integrate investments, loans, banking and credit card accounts into one consolidated view for the end user. The VFM suite includes, VFM Banking, VFM Investments and VFM Relationship Management. Beyond these applications, the open nature of the VFM architecture also enables seamless integration of proprietary and other third-party solutions. According to Charles W. Ogilvie, Executive Vice President for Security First Technologies, ''Through First Sierra, we are demonstrating our commitment to helping innovative organizations of all sizes with solutions that create competitive advantages and support their continued long-term growth. First Sierra's keen focus on the small business market is a valuable relationship for S1 as we continue to help our customers find creative ways to maximize the potential of strategic business opportunities. We look forward to playing an integral role in the delivery of the first Internet-based business-to-business focused bank.''