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| October 24, 2000
Unicapital---\ It looks like the BSB purchasing back their company from Unicapital may go through... Other "Division" to be split up or sold off, according to highly informed sources. "Unicapital is negotiating to surrender certain portfolios to BofA for an extinguishment of debt. Remember, BofA does have a small ticket leasing department, though, if it is similarly run to to how they ran the ESP (automative analyzers / Connecticut) program back in 1999, they could be very challenged to properly service the small ticket paper. ALso, UCP's market cap is only about $3.56 million." " a realiable source" ( Special Report on Unicapital to be Issued this Week ) Copelco "Copelco's termination of brokers, without notice and without cause (ie. the broker hadn't breached any agreements) may well be an actionable breach of contract. There doesn't have to be a written agreement for a contract to exist. In fact, a course of dealing could easily be interpreted to be a contract between the parties. Further, if Copelco is aware that leaving the broker in the lurch with unfunded deals could jeapordize the broker's advantageous business relationship with the vendor, and especially if Copelco solicits business in that vendor arena, those actions can amount to unjust enrichment. If several brokers band together and seek comon counsel, Copelco could be held liable for the irreperable harm and damage of their unscrupulous actions. Remember, Copelco is an experienced and sophisticated lessor, well versed in the broker environment and well experienced at funding broker paper. They also service vendors directly and know first hand the consequences of leaving a vendor swinging in the breeze. "Many lawyers enjoy chasing deep pocketed defendants, especially when the picture looks like the big multi-national finance corporation is recklessly abandoning its business "partners". (Most likely all affected brokers have had the "we want to be your partner" pitch from Copelco.)" name withheld by request Internet Business's International Inc. Announces Fiscal Year-End Results ( A loss---typical for a dot.com company ) ( note: This is their press release sent over the public relation wires ) NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct. 24, 2000--Internet Business's International Inc. Tuesday announced the results of its fiscal year ending June 30, 2000. Revenue for its full year as an Internet company was originally projected to be $2 million, and actually totaled $10,169,090. The year's net loss was $2,596,444 of which $791,426 was depreciation and amortization of capital assets. Assets grew to $8,939,242 by June 30, 2000. IBUI will be focusing on profitability by the end of fiscal 2001. IBUI is a broad-based Internet company that generates revenue from the Internet through the products and services that it provides. IBUI has through its subsidiaries and divisions, an ASP, B2B, B2C, e-commerce, lending and leasing online, a national Internet Service Provider through a dial-up Internet access nationally, high speed Internet access, through DSL (in the Western United States), and wireless Internet which currently offers service in Las Vegas. IBUI subsidiaries also offer marketing services for e-commerce, Web hosting and design. IBUI has 7 offices in the United States and 2 in Europe, and has more than 100 employees. In IBUI's first full year as an Internet company, growth through acquisition was its main focus. This method of growth created many new challenges for management and accounting. It also has created the need for a responsive corporate structure so it can adjust to these many new changes. Through this method of growth IBUI's management has gained valuable experience, which helps it in identifying and acquiring strategically complementary businesses. IBUI is now in the processes of reviewing each revenue center and will strive toward streamlining the organization to improve communication, increase efficiency and reduce expenses. IBUI has developed relationships with IBM in Europe on the deployment of its GGPP program www.globalppusa.com and MSN on the company's Keyword Space program www.keywordspace.com. IBUI has made significant investment in upgrading its servers, by purchasing Dell Sun and IBM Servers, new Cisco routers and increasing its bandwidth with contracts with ELI, MCI, and Next Link. IBUI has built a Wireless Internet Network that to date covers up to 60% in Las Vegas. IBUI's most recent stockholders meeting was broadcast live from its offices in Las Vegas. The stockholders meeting was not only attended by stockholders in person but by more than 500 attendees via the company's live video streaming broadcast. LA Internet, www.lainet.com, has established itself as a state-of-the-art Web design center through its LA Internet Design Division, which recently included a contract signed with the County of Los Angeles. IBUI's objective for fiscal 2000-2001 is to increase revenues to more than $100 million by focusing the company's efforts on core business sales with its increased sales force. Reducing general and administrative costs will also be a priority for the year. IBUI is aggressively seeking opportunities to acquire undervalued competitors that will complement and enhance its core divisions. Consolidated year-end financial statements is available on the company's corporate Web site www.ibui.net and will be mailed out to stockholders, investors and the brokerage community upon request. IBUI Investor Relations Toll Free: 877/541-9106 Web site: www.ibui.net E-mail: info@ibui.net Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Acts of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other then statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. For Year Ending -- June 30 For
the Year For the Year (a) All Figures in $(000) as per Form-10K for Fiscal Year 6-30-00 (b) Then net income for 1999 was due to extra ordinary income and not from the company's operations as an Internet company. CONTACT: Internet Business's International Albert Reda, 877/541-9106 (toll free) E-mail: info@ibui.net www.ibui.net KEYWORD: CALIFORNIA NetBank Reports 10th Successive Profitable Quarter,With Impressive Q3 Account Growth Acquisition Cost Per Customer Drops 50 Percent from Q4 '99 ATLANTA,/ -- NetBank, Inc. (Nasdaq: NTBK), the holding company for the world's leading and first profitable Internet bank, NetBank(R) (http://www.netbank.com), member FDIC, today announced its tenth consecutive profitable quarter. The Company indicated that total assets were $1.701 billion as of Sept 30, 2000, an increase of $671 million or 65 percent over the last 12 months. For the nine-month, year-to-date results, net income was $7.553 million (or $.25 per share), compared with $2.583 million (or $.09 per share) for the first nine months of 1999. Net income for the third quarter of 2000 was consistent with consensus estimates from First Call. The Company reported net income of $721 thousand (or $.02 per share), compared with $1.124 million (or $.04 per share) for the same quarter a year ago. The Company stated that the third quarter results included gains related to the early retirement of debt totaling $1.091 million, net of tax. D.R. Grimes, Vice Chairman and CEO of NetBank, Inc., commented on the results reported today: "Our operating results are significant in view of two important corporate initiatives that actually began in March of this year. Using gains from the retirement of some of our debt, we accelerated our marketing efforts to generate strong account growth. We also increased the rapid deployment of customer service offerings as part of our ongoing customer attraction and retention strategies." Grimes continued, "The results of our marketing investment have been astounding as evidenced by our account growth in the third quarter. Our total number of accounts increased dramatically, more than doubling from last year's ending number. Yet our actual marketing acquisition cost per account has dropped from $220 in the fourth quarter of 1999 to half that or $110 in this quarter." He indicated that according to recent estimates from TowerGroup, traditional banks have both higher acquisition costs per account and much lower average balances than NetBank. Grimes noted that the increased marketing efficiency has been accomplished through effective online and offline advertising campaigns and through the expansion of affinity relationships, most notably the Intuit(R) and Ameritrade(R) relationships begun in late August. During the past several months, NetBank has implemented multiple new services and enhancements to provide customers more time-saving conveniences and greater access to their financial accounts. Grimes commented, "Our recent technology efforts have focused on giving customers greater flexibility o n when and how they bank. With our successful implementation of OFX (Open Financial Exchange), Microsoft(R) Money and Quicken(R) users can now easily download their account information to their desktops without ever opening an Internet browser. We've added other convenient points of account access too, including wireless access through digital phones and Palm VIIs, as well as access at major portals such as Yahoo! and Microsoft MoneyCentral." Other customer-support offerings added recently include an online chat service, an upgraded secure e-mail system, an upgraded bill pay system with bill presentment capabilities, and online instant funding for new NetBank checking or money market accounts. "Customers have continued to respond to NetBank's value proposition," Grimes said. "Our results prove the viability of the online banking business model. Not only do we attract great customers, but NetBank checking accounts have an annual account retention rate in excess of 95 percent, which is much better than traditional brick-and-mortar banks." Concluding his discussion of the quarterly results, Grimes said, "NetBank remains profitable and extremely sound operationally. We have always believed that these principles were fundamental to our success. With $251 million in equity, two-and-a-half years of profitable operations, and $8.36 in book value per share, we have an exceptionally strong balance sheet that will allow our continued growth for the foreseeable future. Our asset strategy is extremely conservative, focused on high-quality single-family residential loans, which are mostly adjustable rate loans. Looking ahead, we will remain focused on growing earnings and expanding our product and service relationships. I am tremendously excited about NetBank, our employees, our customers and our opportunity." A conference call with management is scheduled for Tuesday, October 24th, at 10:00 am (ET). Interested parties may hear the call by dialing 888-282-0369 (outside the U.S., 1-712-257-3323) and identifying the conference leader as D.R. Grimes and the pass code as NetBank. Questions to be addressed by management must be submitted via E-mail to "investorrelations@netbank.com" by 8:30 a.m. (EST), Tuesday morning. A replay of the call will be available for one week and can be heard by dialing 888-568-0155. About NetBank(R) Netbank, Inc., (Nasdaq: NTBK) (http://www.netbank.com), is a financial services company whose sole subsidiary, NetBank, Member FDIC, is the first profitable pure Internet bank in the country, having achieved profitability in the past ten consecutive quarters. With more than $1.7 billion in assets and customers in all 50 states and 20 foreign countries, NetBank was recently recognized as the best online bank by readers of Worth magazine in its annual "Readers' Choice Awards" survey and as a Money.com pick for "Best Online Banks." With its low-cost, branchless business model, NetBank is able to reward its customers with high interest rates on deposits with low- or no-fee banking services. Products and services include free online account access, free checking, free unlimited online bill payment and presentment, free unlimited ATM use, VISA(R) Check Card, VISA(R) credit card, onlin e brokerage services, mortgage lending, home equity lines and loans, insurance, IRAs, online safe deposit boxes, and business equipment leasing services. NetBank is a member of the AFFN, Cirrus, Honor/Star, and NYCE ATM Networks. For more information on NetBank, its products and services, visit the Web site at http://www.netbank.com, or call 888-BKONWEB (256-6932). "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding NetBank's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. V ENTURA, Calif.--(BUSINESS WIRE)--Oct. 24, 2000--Goleta National Bank, a subsidiary of Community West Bancshares (NASDAQ:CWBC), has marked its second year at its Ventura location. The office, located at 1463 S. Victoria Avenue, was opened after extensive remodeling on September 8, 1998 in the Victoria Village Plaza. "Our growth in Ventura has far exceeded our expectations," Lynda Nahra, President/CEO commented. "We appreciate the warm welcome we have received from the community. As a result of our continued growth, we have added trust and leasing services to our original lending and business banking offerings. Our staff has also increased with the welcome additions of three new staff members: George Tabata, Regional Vice President/Commercial Loan Officer; Jay Baggett, Vice President of Commercial Lending; and Tricia Ahern, Vice President/Client Services Manager, wdo oversees office operations in addition to her business development responsibilities." Goleta National Bank's office hours are Monday through Thursday, 9 a.m. to 5 p.m. and Fridays 9 a.m. to 6 p.m. Courier services and on-line banking are also offered to GNB clientele. Company Overview Community West Bancshares is a financial services company with headquarters in Goleta, California. The Company currently has two subsidiaries. Palomar Community Bank has a full service branch located in Escondido, California. Goleta National Bank (GNB) has two full service branches, one in Goleta and one in Ventura, California. It is one of the nation's largest SBA lenders with loan production offices located in Alabama, California, Colorado, Florida, Georgia, South Carolina, North Carolina, Tennessee, Oregon, Washington, and Nevada. The principal going-forward business areas and profit generators of the Company are core banking with net interest margins, mortgage lending with fee income and Small Business Administration (SBA) lending with fee income. CONTACT: Community West Bancshares, Ventura Lynda Nahra, 805/683-4944 805/683-2082 (fax) KEYWORD: CALIFORNIA ALABAMA COLORADO FLORIDA GEORGIA SOUTH AROLINA NORTH CAROLINA TENNESSEE OREGON WASHINGTON NEVADA
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