FinancialWeb Deepens Its Site Offerings With a New Financial Planning Section; FinancialWeb Partners with No. 1 Banking Information Source.
NEW YORK--(BUSINESS WIRE)--July 25, 2000
FinancialWeb.com, Inc. (OTCBB: FWEB), a leading B2B provider of e-financial tools, information and content in English and Spanish, today announced it has launched a new personal financial planning 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).
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 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.
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. The Company provides its comprehensive, multi-lingual financial information, tools, data, news and analysis to businesses and is well positioned to capitalize on the tremendous growth and demand for content in the global e-financial marketplace.
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), Yahoo! (NASDAQ: YHOO), America Online (NYSE: AOL), CNN and Smart Money. The company's information is also distributed through more than 120 national and state publications.
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 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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|Date:||Jul 25, 2000|
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