FinancialWeb Deepens Its Site Offerings With a New Financial Planning Section; FinancialWeb Partners with No. 1 Banking Information Source.Business EditorsNEW YORK--(BUSINESS WIRE)--July 25, 2000 FinancialWeb.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : FWEB), a leading B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business provider of e-financial tools, information and content in English and Spanish, today announced it has launched a new personal financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against section on its Web site, www.financialweb.com, in partnership with Bankrate.com, the leading online source of banking information, and flagship site of ilife.com (Nasdaq: ILIF ILIF International Logistics Information File ILIF Integral Lock Induced Failure (firearms) ). As part of the joint venture, FinancialWeb is now providing its online users with comprehensive, valuable financial planning and banking information in a new planning section on the site. In addition to deepening FinancialWeb's Web site offerings, the partnership creates fresh advertising opportunities for the Company, who will share advertising revenue generated through the new financial planning section with Bankrate.com. "FinancialWeb's partnership with Bankrate.com expands our Web site's first-rate financial content with the Internet's premier personal financial planning and banking information, adding valuable new resources for our users," stated Kevin Leininger, 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 FinancialWeb. "While our core business is the redistribution of financial content to online businesses, FinanicalWeb.com continues to be one of the premier financial destinations on the Web today. Now our site is further enhanced by Bankrate.com's extensive personal banking information. We are also excited about the revenue opportunities created by adding this content to our online offerings." "We are very pleased to receive FinancialWeb's brand of approval as their top choice for online personal finance and banking information," stated Robert Caston, VP of Syndication of Bankrate.com. About FinancialWeb Founded in 1997, FinancialWeb.com, Inc. (www.financialweb.com) is a leading aggregator, developer and distributor of e-financial content serving global markets in English and Spanish with other languages in development. The Company is expanding its global presence by leveraging strategic partnerships with leading vertical portals in foreign markets, most recently StarMedia Network in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The Company provides its comprehensive, multi-lingual financial information, tools, data, news and analysis to businesses and is well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the tremendous growth and demand for content in the global e-financial marketplace. About ilife.com Ilife.com (NASDAQ:ILIF) is the Internet's leading consumer banking marketplace, with over 1.3 million unique visitors per month connecting with over 4,000 financial institutions in 126 markets in 50 states. Ilife.com operates a portfolio of personal finance channels, including banking, investing, taxes and small business finance. Its flagship site, bankrate.com, is the leading aggregator of over 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. Ilife.com provides financial applications and information to a network of over 120 partners including SNAP (NASDAQ: NBCI NBCI National Biological Control Institute (USDA subsidiary) NBCI North Branch Correctional Institute (Maryland) NBCI National Broadcasting Company Internet/Interactive ), 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 120 national and state publications. About Bankrate.com Bankrate.com, an online publication of ilife.com, provides online consumers with financial data, research and editorial information on non-investment financial products. Since April 1995, consumers have been able to access bankrate.com's extensive database via the World Wide Web. That data has been collected since 1982 under the auspices of Bank Rate Monitor(R), a banking newsletter. Overnight averages are posted on key products, and users can check the averages in their state against those nationwide. Online articles analyzing product rates and industry news equip consumers with the knowledge they need to make informed financial decisions. Both news stories and basic how-to information is provided. The information is distributed via bankrate.com and its more than 120 online partnerships. This press release contains forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward looking statements, including terminology such as "The Company is expanding its global presence by leveraging strategic partnerships with leading vertical portals in foreign markets," and "is well positioned to capitalize on the tremendous growth and demand of the global e-financial marketplace," are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance, new product development, reliance on key strategic alliances, fluctuations in operating results, as well as other risks, detailed in the Company's filings with the U.S. Securities and Exchange Commission. |
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