EXHIBIT 99.1
JOINT PRESS RELEASE
UNIONBANCORP, INC.
OTTAWA, ILLINOIS
FOR IMMEDIATE RELEASE
UNIONBANCORP, INC. AND EKIOSK.COM REACH AGREEMENT
Ottawa and New Lenox IL, November 14, 2000 - UnionBancorp, Inc. (Nasdaq: UBCD)
and eKiosk.com Corporation have announced the sale of UnionBancorp's
internet-based technology titled "InterNetStation" to eKiosk.com for shares of
stock in that company. InterNetStation is a proprietary system used by travelers
to configure publicly accessible internet portals to functionally resemble their
personal or corporate computers. The system permits a highly efficient and cost
effective means for securely accessing electronic messages.
"We are pleased by this unprecedented transaction and feel that the decision
will be mutually beneficial to both parties," stated UnionBancorp President &
CEO Charles J. Grako. "The deal is yet another example of our organization's
commitment to exploring unique business opportunities in a new age."
Commenting on the sale, eKiosk.com founder & CEO Don Heidrich said the
organization is "excited by the addition of another cutting-edge service.
Further exemplifying our mission of providing leading technological services for
business and leisure, the transaction opens up a world of possibilities to our
client base."
The respective parties consummated the transaction earlier today. In agreement
with the terms of the sale, UnionBancorp, Inc. received a small equity interest
in eKiosk.com, currently equal to approximately 3% of eKiosk's outstanding
common stock.
ABOUT UNIONBANCORP, INC.
UnionBancorp, Inc. is a regional financial services company based in Ottawa,
Illinois, and devotes special attention to personal service and offers Bank,
Trust, Insurance, Investment and Electronic Data Processing services at each of
its twenty-eight locations. The company's market area extends from the far
Western suburbs of the Chicago metropolitan area across Central and Northern
Illinois to the Mississippi River in Western Illinois.
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ABOUT EKIOSK.COM
eKiosk.com Corporation is the world's only vertically integrated firm that
designs, manufactures, deploys and manages Internet kiosks in public areas. The
firm deploys a private network that makes eKiosks the points-of-delivery for a
wide array of Web-based communications and eCommerce transaction services. The
firm was the first to introduce Video eMail and remains the industry leader in
this technology.
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This release may contain "forward-looking" statements. Forward looking
statements are identifiable by the inclusion of such qualifications as
"expects", "intends", "believes", "may", "likely" or other indications that the
particular statements are not based upon fact but are rather based upon the
company's beliefs as of the date of this release. Actual events and results may
differ significantly from those described in such forward-looking statements,
due to changes in the economy, interest rates or other factors. For additional
information about these factors, please review our filings with the Securities
and Exchange Commission.
CONTACT: Charles J. Grako Don Heidrich
President and President and
Chief Executive Officer Chief Executive Officer
UnionBancorp, Inc. eKiosk.com
(800) 352-8223 (815) 328-3000
[email protected] [email protected]
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