September 12, 2000

   UAEL Expects 425 Attendance at Orlando, Florida
      Conference From Your Digital Phone or Palm Pilot/Connect with NetBank on line
          Farm Credit Leasing Business Down for Second Quarter
              DSL Leader Having Problems with Accounts Recievable/Makes Deal with the "Devil" says
                 Internentnews.com

UAEL Orlando, Florida Conference Starts Tomorrow

Over 400 lease professionals have registered to attend the United Association of Equipment Leasing Conference starting Wednesday, September 13 with the main conference on Friday, and Saturday, September 15 and 16.

Due to the destination, many are arriving early for the Disneyland Hotel, perhaps a perfect place to hold an equipment leasing conference.

It is not too late to register and attend. Go to www.uael.org---- or e-mail Joanie@uael.org or call her at the hotel: 407-824-1000

UAEL also has a main conference telephone set up, just ask the operator if you cannot reach Joanie Dalton.

re: eLease Report

Great Job Kit!

Ginny
BravaCaptl@aol.com ( I bring this up as I will devote 3/4 of my workshop at the UAEL Conference in Orlando, Florida this subject, explaining in person the eLease Report and its significance to "Lease Consultants."--editor (eSales 101-Friday morning--- the Saturday afternoon workshop is cancelled****

Leasing News continues to grow. We do not plan any promotion until perhaps the end of the year the Advisory Board and I hone the Web Site---but we get five to eight people by work of mouth each day who want to be among our reading list, such as:

Please add me to your list. You have a wonderful newsletter here....
Katie Plona
Director of Membership
Equipment Leasing Association
Kplona@elamail.com

Nominate your favorite Equipment Leasing Web Site for our Web Site Contest

If you are the first to nominate the site and it wins, we will not only give you credit, but send you a bottle of wine or box of chocolate

     NetBank(R) Launches 24x7 Wireless Banking Services Via Cell and WAP Phones or Palm VII(TM)

         NetBank Continues to Innovate and Personalize Banking Services

             With Implementation of Customer-Centric Mobile Banking Technology

ATLANTA, Sept. 12 /PRNewswire/ -- NetBank(R), Member FDIC, Equal Housing Lender (Nasdaq: NTBK) (http://www.netbank.com), and a world leader in Internet banking, today announced the addition of wireless banking services. Along with 24x7 access by phone or PC, NetBank customers can now easily receive account information from any digital cell phone, Web-enabled phone (WAP), or Palm VII without having to log onto the Web.

(Photo: http://www.newscom.com/cgi-bin/prnh/20000912/NYTU053 )

"NetBank is well-known for rapid deployment of innovative, customer-centric e-financial services," said D.R. Grimes, NetBank CEO. "Integrating wireless technologies into our existing offering gives our customers even greater flexibility in how and when they manage their money. It also optimizes NetBank's opportunities for personalized, one-to-one marketing. By being one of the first movers in the wireless banking arena, NetBank is in the lead to introduce the many benefits of digital banking to a huge audience. We have a tremendous opportunity before us." Analysts estimate there will be more than a billion mobile phone users worldwide by 2002.

NetBank teamed with Air2Web, provider of a wireless application infrastructure platform, to develop its wireless offering. Today customers can receive current balances and transaction summaries on different NetBank deposit accounts -- including checking, money market and CDs -- through their wireless devices. Customers may download this information on demand or set up automatic notifications, such as receiving the balance on an account at a specific time each day. Additional services are planned for the near future. Soon customers will be able to transfer funds between NetBank accounts or pay bills online from a NetBank checking account.

"By leveraging the Air2Web platform, NetBank has expanded its access points and delivery channels, giving customers a highly portable and convenient way to access account information," said Patrick Taylor, vice president of marketing, Air2Web. Signing up for NetBank's wireless service is simple. After logging into their NetBank account, customers complete a brief online registration process in which they identify the type of device and select the applications they wish to use. Images of available devices are displayed online to make the setup process as easy as possible. Once registered, customers can begin using their wireless applications anytime, anywhere.

About NetBank(R) ( they do equipment leasing---)

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 eight successive quarters. With over $1.5 billion in assets and customers in all 50 states and 20 foreign countries, NetBank was recently ranked 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, online 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 1-888-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.

SOURCE NetBank, Inc.

CO: NetBank, Inc.

ST: Georgia

IN: FIN MLM TLS

SU: PDT

09/12/2000 08:31 ED

---------------------------------------------------------------------------------------------- Farm Credit Leasing Business Down for Second Quarter

( this is their "press release" re: reasons for downside

- Farm Credit Leasing (FCL) announced second quarter results for the period ending June 30, 2000.

FCL reported second quarter 2000 new lease volume of $153.0 million, down from $158.0 million for a 3-percent decrease from the same quarter in 1999. However, portfolio and fee income for the second quarter increased to $20.1 million, up from $19.2 million for a 5-percent increase from the same period a year ago. After tax net income remained constant at $2.5 million compared to the same quarter last year.
Year to date, FCL had new lease placements totaling $272.3 million, down slightly from $276.8 million for the same period in 1999, a decrease of 1.6-percent. Portfolio and fee income, year to date, increased to $40.0 million, up from $37.7 million for a 6-percent increase from the same period a year ago. After tax net income was also ahead of last year at $5.2 million, up from $4.7 million for an 11-percent increase from the same period last year.
"Many of our larger customers appear to be taking a cautious approach to their capital expenditures because of current economic conditions," says Philip J. Martini, FCL president and CEO. "However, even with new lease placements slightly behind last year's pace, we have been able to maintain our profitability. We've accomplished that through business growth in areas such as our LeaseManager product as well as independently originated leases through brokers and vendor programs."

FCL provides equipment leasing and related services for all types of vehicles, equipment and machinery to agricultural producers, their cooperatives, communications and energy companies and Farm Credit System entities. The company is also actively involved in the syndication of multimillion-dollar lease projects and lease portfolio servicing. It is one of the nation's largest agricultural leasing companies. In addition to its corporate headquarters, FCL maintains 10 sales offices throughout the country.

FCL is part of the 84-year-old, $89 billion Farm Credit System, one of the largest and oldest cooperatives in the nation. Today, this national network of approximately 175 borrower-owned banks, associations and service corporations provides production agriculture with approximately one-quarter of its credit and financial needs. CoBank, one of seven banks in the Farm Credit System, is FCL's majority common stockholder. With $24 billion in assets, CoBank specializes in agribusiness, ag export, rural communications and rural energy financing. AgFirst Farm Credit Bank of Columbia, S.C., owns the balance of FCL's common stock. The other five Farm Credit Banks own preferred stock in the company.

Internetnew.com story

SBC, Covad Strike $750 Million Deal
By Jim Wagner

Despite being the second-largest digital subscriber line provider in the nation, Covad Communications Group made a $750 million deal with the devil, giving SBC Communications, Inc., a six percent equity piece of the company. SBC (NYSE:SBC), the nation's number one DSL provider, has had a checkered past with the data local exchange carrier (DLEC), with both sides sparring over line sharing provisioning, pricing and anti-trust issues, among others. All seems forgiven, as both sides agreed to settle pending anti-trust and regulatory legal issues.

The deal calls for SBC to guarantee $600 million in resale revenues over the next six years. It also provides incentives for SBC to sell business lines provided by Covad. SBC will immediately begin marketing Covad's (NASDAQ:COVD) symmetrical DSL (SDSL) business service and asynchronous DSL (ADSL) residential service.

According to Selim Bingol, SBC spokesperson, the marketing deal that calls for SBC to purchase $600 million worth of DSL service merely expands his company's presence throughout the country. "We're working with a leading provider to gain access where we currently don't have a presence," Bingol said, "and will buy that much of their service to increase our presence around the U.S. They are an outstanding company, and look forward to working with them."
Robert E. Knowling, Covad chairman, president and chief executive officer, said the deal is a sign of the market demand being larger than the issues of any two companies.
"This changes the market dynamics and demonstrates that customer demand for broadband is so strong that two industry leaders can set aside past disputes and cooperated to deliver DSL faster and to a wider range of customers," Knowling said. "This deal is the Telecom Act in action, proving that it works. Everyone wins here, especially customers who are waiting to experience high-speed Internet access. We welcome working closely with SBC."
Funding for Covad comes at a price, however. SBC will take a six percent minority stake in the company, valued at $150 million. The funding is a short-term fix to Covad's recent accounts receivable woes, with between $8-$10 million in uncollected revenues from Internet service providers leasing DSL lines from Covad.
For better or worse, both are adopting common standard performance benchmarks. In addition to agreeing on a $10 non-recurring line-sharing price and $5.75 monthly line-sharing rate, both are working on a joint-operational support system (OSS) based on Covad's loop ordering OSS. Now that the two are working together, SBC concedes Covad's OSS performed 25 percent more efficiently.

Edward E. Whitacre, Jr., said the deal doesn't mean the two aren't competitors anymore, just aligns both to provide for the growing number of DSL users.
"We are very pleased to strategically align ourselves with Covad in this rapidly growing sector of the industry," Whitacre said. "Although we will continue to be vigorous competitors, this agreement allows us to work together to fulfill the exploding demand for broadband for both businesses and consumers nationwide

Menkin Cancels Saturday Afternoon Workshop

*** the reason I had to cancel the Saturday afternoon late session was because I could not make the last airplane out of Orlando to get back to California before Sunday. These late Saturday sessions are not attended well, anyway, and the truth is I have standing tickets with five of my best friends on Sunday . We tailgate, wine taste, and have a great time and it is very important to me to attend the Oakland Raider-Denver Bronco game with five of my best friends for a French Marguax Wine Tasting ( from our cellars ), and where we sit at the 50 yard line, 10 rows back, next to the entrance/exit by the teams---sorry, cannot miss this game. We have lost the last several years to the Bronco's, and even though they almost beat St.Louis last weekend---It's our turn this year at Network Associates Collesium!!!---Kit