Bankrate.com Announces the Pay My Mortgage Sweepstakes; Bankrate Pays Six Months of Your Mortgage.Business Editors NORTH PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 4, 2000 Bankrate.com, the flagship site of Bankrate, Inc. (Nasdaq:RATE), today announced the Pay My Mortgage Sweepstakes. Participants have the opportunity to win six months of mortgage payments (up to $4,800). The sweepstakes prize is based on the U.S. average monthly mortgage payment, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Joint Center for Housing Studies at Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. (1998). According to their research, the prize amount will actually exceed six months of the average consumer's mortgage payments. Participants can enter the sweepstakes as often as they want by simply completing an entry form located at www.bankrate.com/sweeps. The contest runs through October and the winner will be drawn on, or around November 6th, 2000. "Bankrate is a resource for saving money," explained Elisabeth DeMarse, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bankrate, Inc. "A sweepstakes that helps pay your mortgage is an inviting way to assist our users in their money-saving efforts. This is a unique way to introduce users to our money saving content and research. We craft our sweepstakes around the needs of the consumers, who utilize our site when searching for mortgage rates and tools....And of course, winning $5,000 towards your mortgage is certainly one tool that everyone could use." "Our promotions are designed with our user in mind," noted Jeff Cunningham, Chairman of the Board for Bankrate, Inc. "We offer a wealth of information on personal finance from banking, investing, taxes and small business finance to financial products such as credit cards, auto loans, CD's, ATM fees, and home equity loans. This sweepstakes highlights to the user our valuable content, and hopefully cements the relationship between Bankrate and saving money in their mind." About Bankrate.com Bankrate.com is owned and operated by Bankrate, Inc. (Nasdaq:RATE). Bankrate.com is the Internet's leading consumer banking marketplace, with an average of 1.6 million unique visitors per month connecting with over 4,000 financial institutions in 126 markets in 50 states. Bankrate operates a portfolio of personal finance channels, including banking, investing, taxes and small business finance. It is the leading aggregator of 100 financial products, including mortgages, credit cards, new and used auto loans, money market accounts and CD's, checking and ATM fees, home equity loans and online banking fees. Bankrate provides financial applications and information to a network of over 120 partners including NBCi (Nasdaq: NBCI), Yahoo (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), America Online (NYSE NYSE See: New York Stock Exchange :AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ), CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. and Smart Money. The company's information is also distributed through more than 100 national and state publications. Forward-looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act. Investors are cautioned that actual results could differ materially from those anticipated by such statements and are advised to consult our current SEC filings for additional information concerning risk factors that affect the Company's business. |
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