SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2000
ebank.com, Inc.
------------------------------
(Exact name of registrant
as specified in its charter)
Georgia 333-41545 58-2349097
- --------------------------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
2410 Paces Ferry Road, Atlanta, Georgia 30339
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (770) 863-9229
----------------------------
N/A
-------------------------------------------
(Former name or former address, if changed
since last report.)
<PAGE>
Item 5. Other Events.
On January 26, 2000, ebank.com announced that it has agreed to enter
into a strategic relationship with Talisman Technologies, Inc., a privately held
international company that has developed an advanced browser-based technology to
allow ATMs to be Internet-enabled. The relationship will give ebank.com a
15-year exclusive license to use Talisman's technology in the U.S. and a 9.9%
ownership stake in Talisman. Talisman will receive a 15-year license to use
ebank.com's trademarks, business plans, expertise, and marketing outside of the
United States, and a 9.9% ownership interest in ebank.com.
On January 31, 2000, ebank.com announced the unveiling of its strategic
initiative to be a leading Internet-based provider of and portal for financial
services for small business and retail customers.
On February 8, 2000, ebank.com announced that it has entered into an
alliance with office.com to be the exclusive provider within the online banking
industry of a co-branded office.com Business Center Web site.
On February 16, 2000, ebank.com announced that it has entered into a
strategic alliance with GoRate.com, to offer flexible and competitive equipment
leasing and financing to small businesses nationwide.
A copy of the Company's press releases announcing its alliances and
business strategy is filed as an exhibit to this Form 8-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) The following information is filed as an exhibit to the
Current Report on Form 8-K:
Exhibit No. Description
- ----------- -----------
99.1 Press release issued January 26, 2000
99.2 Press release issued January 30, 2000
99.3 Press release issued February 8, 2000
99.4 Press release issued February 16, 2000
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
ebank.com, Inc.
By: /s/ Richard A. Parlontieri
------------------------------------
Richard A. Parlontieri, President
Dated: February 17, 2000
<PAGE>
Exhibit Index
-------------
Exhibit No. Description
---------- -----------
99.1 Press release issued January 26, 2000
99.2 Press release issued January 30, 2000
99.3 Press release issued February 8, 2000
99.4 Press release issued February 16, 2000
ebank.com, Inc. to Enter into Strategic Relationship with Talisman Technologies
Internet bank to offer customers full access to online
accounts via ATM technology
ATLANTA, GA, January 26, 2000 -- ebank.com, Inc. (OTC:BB:EBDC), an online bank
specializing in the small business market, announced today that it has agreed to
enter into a strategic relationship with Talisman Technologies, Inc., a
privately held international company that has developed an advanced
browser-based technology to allow ATMs to be Internet-enabled. The relationship
will give ebank.com a 15-year license to use Talisman's technology in the U.S.
and a 9.9% ownership stake in Talisman. Talisman will receive a 15-year license
to use ebank.com's trademarks, business plans, expertise, and marketing
materials outside of the United States, and a 9.9% ownership interest in
ebank.com. The parties anticipate that the transactions will be completed in the
next 60 days, subject to the review and approval of ebank.com's primary
regulator, the Office of Thrift Supervision.
Talisman's innovative technology will allow ebank.com to develop an
Internet-enabled ATM network that links ebank.com customers to the ebank.com Web
site (www.ebank.com). Customers will then be able to use ATMs as if they were
logging onto the ebank.com site through their own personal computer. ebank.com
will begin developing this ATM network in the third quarter of 2000 and expects
that its initial Internet-enabled ATMs will be operational beginning in the
fourth quarter of 2000. ebank.com also intends to begin issuing ebank.com "smart
chip cards" in the third quarter of 2000. The cards will initially function as
traditional credit and ATM cards and eventually will facilitate linking its ATM
network via the Internet and the Talisman technology with the ebank.com Web
site. All financial transactions will be conducted on a secure virtual private
network.
"Our goal is to provide the most comprehensive customer service possible, and
our new strategic relationship with Talisman will enable us to offer customers a
<PAGE>
premier service -- unlimited access to their accounts through ebank.com's
advanced ATM network," said Rich Parlontieri, Chairman and CEO of ebank.com.
"Not only will customers be able to fulfill their banking needs online 24 hours
a day from the ebank.com Web site, but they will also be able to take advantage
of its functionality through our ATM network, wherever they are."
Internet-enabled ATMs significantly expand on current ATM functionality, which
is limited to checking balances, making deposits, and withdrawing funds, to
facilitate a much broader array of banking transactions. The advanced ATMs will
serve as an alternative delivery network for a wide variety of ebank.com's
products and services, including deposits, withdrawals, fund transfers, bill
payment, access to credit lines, and smart cards, and eventually other products
and services such as event tickets, payroll, targeted advertising, stock quotes,
news, and online shopping.
"We believe that Talisman's Internet ATM technology will greatly improve ATMs as
a delivery channel thanks to the ability to customize their offerings," added
Parlontieri. "Talisman's Internet ATM technology also permits the development of
customized targeted marketing based on our profile of each individual customer.
As a result, we will be able to program functionality for each ATM based on the
demographics of the area in which the ATM is located."
"Our Internet-enabled ATMs should be especially useful to our small business
customers. Talisman's technology will enable us to create an additional delivery
system that will offer our customers the flexibility they need," said
Parlontieri. "Just as ebank.com provides small businesses with unlimited access
to their accounts and to their banking needs via the Web, Internet-enabled ATMs
will also allow them to bank without the traditional constraints of
brick-and-mortar institutions. The challenge of time - making it to the bank
during Monday through Friday business hours or wasting time traveling to a
distant branch - is particularly taxing on small businesses, which cannot employ
large staffs," he
<PAGE>
continued.
Sutro & Co., Incorporated, which ebank.com has retained to provide investment
banking services, has advised ebank.com in connection with the Talisman
transaction.
About ebank.com, Inc.
Based in Atlanta, GA, ebank.com, Inc., a unitary thrift holding company, is
tailored to serve the financial needs of small businesses through the Internet
and planned ebank.com centers or partner banks in regional markets. Through its
subsidiary thrift, ebank, the company provides a broad array of financial
products and services to its small business and retail customers, including its
signature eSweepsm service, checking accounts, money markets, CDs, ATM cards,
home loans, commercial loans, credit cards, bill payment services, and human
resource services. ebank.com's complete line of products and services should
eventually include insurance products, equipment leasing, accounts receivable
financing, "smart chip cards" via its ATM network, and other financial products
and services designed to serve ebank.com's small business and retail customers.
For more information, visit http://www.ebank.com.
Certain statements in this news release contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995, such
as statements relating to ebank.com's deployment of Talisman's technology and
its plans for future business development activities, including its plans to
create an ATM network and issue smart chip cards, and are thus prospective.
These statements are based on many assumptions and estimates, many of which are
beyond ebank.com's control. The words "may," "would," "could," "will," "expect,"
"anticipate," "believe," "intend," "plan," and "estimate," as well as similar
expressions, identify such forward-looking statements. These statements appear
in a number of places in this release and include all statements that are not
<PAGE>
statements of historical fact regarding the intent, belief or expectations of
ebank.com and its management. These forward-looking statements are not
guarantees of future performance and actual results may differ materially from
those projected in the forward-looking statements as a result of risks such as
(1) ebank.com's limited operating history; (2) whether ebank.com can
successfully create an ATM network and implement its new business strategies,
including the deployment of smart chip cards; (3) whether the Talisman
technology and the Internet-enabled ATMs will function as ebank.com anticipates;
and (4) whether ebank.com can manage its projected growth.
ebank.com Unveils New Strategic Initiative with Launch of
Enhanced Web Site
Internet bank announces strategic initiative to be premier, full-service
financial services portal
ATLANTA, GA, January 31, 2000 -- ebank.com (OTC:BB:EBDC), an online bank
specializing in the small business market, announced today the unveiling of its
strategic initiative to be a leading Internet-based provider of and portal for
financial services for small business and retail customers. ebank.com's
strategic initiative is accompanied by the launch of the second generation of
its Web site, www.ebank.com. The enhanced site will serve as ebank.com's portal
from which it will provide innovative products and services, advice and
expertise on small business issues, and links to ebank's strategic partners with
offerings for ebank.com users in healthcare, insurance, investment, and other
small business-oriented products. ebank.com's strategic partners to date include
ADP, Inc., eHealthInsurance.com, Argent Capital Corp.'s eWealthUSA, and
GoRate.com for products and services and RealCall and WebTone Technologies, Inc.
to provide customer convenience.
"The enhanced web site and strategic initiative demonstrate our commitment to
improving the quality of products and services to our customers," said Rich
Parlontieri, Chairman and CEO of ebank.com, Inc. "This commitment stems from
hearing from an underserved community of small business owners and entrepreneurs
who want more than a good banking rate, but also counsel and an explanation to
their questions -- all through a better delivery channel."
As part of the strategic initiative, ebank.com will expand its presence through
the Internet. The company will continue to enter into strategic alliances, both
on- and off-line, that will help ebank.com build a notable brand in the small
business and online banking areas.
The enhanced Web site continues to offer the small business market and retail
customers seamless access to banking products and services, but is now easier to
navigate with an updated look and feel geared
<PAGE>
toward the entrepreneur. New offerings include eValue checking that offers free
bill payment for the first six months, a complete transaction history available
online, and instant electronic access to cleared checks, and eMoneyMarket, which
provides high rates with a low minimum deposit while maintaining access to
funds.
As a premier Internet-based financial services provider and portal, ebank.com
will offer far greater accessibility than provided by a typical Internet bank.
Through its recently announced strategic relationship with Talisman
Technologies, Inc., ebank.com intends to establish a network of Internet-enabled
ATMs that will be connected to the ebank.com Web site. Talisman's technology
will encompass a secure virtual private network that will have the capability to
link to the Internet through these Internet-enabled ATMs. Customers will be able
to use this network of ATMs as if they were logging onto the ebank.com Web site
through their own personal computer. Subject to approval by the Office of Thrift
Supervision, ebank.com expects that its initial Internet-enabled ATMs will be
operational beginning in the fourth quarter of 2000.
ebank.com also intends to begin issuing "smart chip cards" to its customers in
the third quarter of 2000. "We are striving to improve our customers' access to
our products and services by utilizing cutting-edge technology," said
Parlontieri. These "smart chip cards" will initially function as traditional
credit and ATM cards, and eventually they will have the ability to retain
customer information and store cash value. "As smart card readers become
available on home computers, ebank.com's customers will be able to complete
secure transactions on the Internet without entering sensitive credit card
information. We believe this type of customer protection is necessary before
many small business and retail customers will feel comfortable migrating their
financial services needs to the Internet."
In addition to the ATM network, ebank.com will also open a limited number of
<PAGE>
loan production facilities, or ebank.com centers. These centers will be centered
around experienced local commercial lenders who focus on the small business
market, and they will have operational support from ebank.com's Atlanta
headquarters. "We believe the consolidation in the banking industry has
disrupted small business customer relationships, as the bigger banks
increasingly focus only on their bigger customers," said Parlontieri. "Our
ebank.com centers are a natural extension of our goal to provide higher quality
and more personalized service to the small business customer." Three ebank.com
centers will be open in 2000, in Atlanta, GA, Charlotte, NC, and Tampa, FL.
ebank.com also intends to form strategic partnerships with selected community
banks in locations where the company has no physical presence. Implementation of
this strategy is subject to approval by the Office of Thrift Supervision.
ebank.com will share with these partner banks the small business customers and
prospects that ebank.com identifies through its Internet operations, thus
ensuring that these customers can receive personalized service even where
ebank.com does not have a physical presence. "Most community banks share the
same focus we have - serving small business customers by providing more personal
service than larger banks tend to provide," stated Parlontieri. "But most
community banks lack the resources to compete with bigger banks, so they use
their online banking services only as a defensive measure to try to protect
against losing their existing customers. In contrast, ebank.com is committed to
spending the resources to develop our brand and become a leading Internet-based
provider of and portal for financial services for small business customers. By
partnering with us, community banks will be able to leverage off our efforts to
obtain new customers." Participating community banks will also be able to offer
their customers access to ebank.com's products and services and Internet-enabled
ATM network. The company currently expects to sign its first community bank
partners in the third quarter of 2000 and to expand the program in 2001.
<PAGE>
About ebank.com, Inc.
Based in Atlanta, GA, ebank.com, Inc., a unitary thrift holding company, is
tailored to serve the financial needs of small businesses through the Internet
and planned ebank.com centers or partner banks in regional markets. Through its
subsidiary thrift, ebank, the company provides a broad array of financial
products and services to its small business and retail customers, including its
signature eSweepsm service, checking accounts, money markets, CDs, ATM cards,
home loans, commercial loans, credit cards, bill payment services, and human
resource services. ebank.com's complete line of products and services should
eventually include insurance products, equipment leasing, accounts receivable
financing, "smart chip cards" via its ATM network, and other financial products
and services designed to serve ebank.com's small business and retail customers.
For more information, visit http://www.ebank.com.
Certain statements in this news release contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 and
are thus prospective, such as statements relating to ebank.com's deployment of
Talisman's technology and its plans for future business development activities,
including its plans to create an ATM network, open ebank.com centers, and
establish a partnership program with community banks. These statements are based
on many assumptions and estimates, many of which are beyond ebank.com's control.
The words "may," "would," "could," "will," "expect," "anticipate," "believe,"
"intend," "plan," and "estimate," as well as similar expressions, identify such
forward-looking statements. These statements appear in a number of places in
this release and include all statements that are not statements of historical
fact regarding the intent, belief or expectations of ebank.com and its
management. These forward-looking statements are not guarantees of future
performance and actual results may differ materially from those projected in the
forward-looking statements as a result of risks such as (1) ebank.com's limited
operating history; (2) whether ebank.com can successfully create an ATM network
and implement its new business strategies,
<PAGE>
including the deployment of smart chip cards, the development of a partnership
program with community banks, and the establishment of ebank.com centers; (3)
whether the Talisman technology and the Internet-enabled ATMs will function as
ebank.com anticipates; and (4) whether ebank.com can manage its projected
growth.
EBANK.COM, INC. ENTERS INTO ALLIANCE
WITH WINSTAR'S OFFICE.COM
Internet bank to offer content-rich Business Center to customer base
ATLANTA, GA, February 8, 2000 -- ebank.com, Inc. (OTC:BB:EBDC), a unique online
bank specializing in the small business market, announced today that it has
entered into an alliance with Office.com(R), A Service From Winstar
(www.office.com ), the #1-rated Online Business Center for small and
medium-sized businesses from Winstar Communications, Inc. (Nasdaq: WCII).
Office.com provides business-relevant content, commerce, community and
communications services from best of breed partners and in-house experts. Under
the terms of this agreement, ebank will be the exclusive provider within the
online banking industry of a co-branded Office.com Business Center.
"Both ebank.com and Office.com are dedicated to delivering critical services and
information to the underserved small business market," said Rich Parlontieri,
Chairman and CEO of ebank.com. "This partnership creates an incredibly rich,
unduplicated set of value-added products and
<PAGE>
services for our shared target audience." ebank.com began advertising on
Office.com in November 1999.
As part of the agreement, Office.com will supply small business-focused content
and tools to a new co-branded site, Business Center. ebank.com customers will be
able to link from ebank.com to Business Center, which will reflect ebank.com's
look and feel. The co-branded site will also provide links directly to
Office.com.
"Office.com is pleased to offer its award-winning content to a partner such as
ebank.com," said Jeffrey S. Cutler, Office.com's senior vice president and
general manager. "ebank.com's impressive array of products and services, coupled
with Office.com's industry- and profession-specific news and information, is a
win-win for all of our customers."
The Business Center will have four sections addressing key issues and topics of
interest to the small business market:
Business Tools
Office.com's business tools provide step-by-step training covering all key
aspects of operating a thriving business. Topics range from writing a business
plan to hiring new employees; from analyzing the marketplace to keeping track of
a company's bottom line. Written by entrepreneurs who are experts in their
respective fields, these tools offer practical guidance to running a successful
business.
<PAGE>
Business Management
Office.com's business management topics cover a variety of day-to-day and
strategic business issues. Content areas include: Business Development, Finance,
Global Business, Human Resources, Information Technology, Leadership and
Management, Legal, and Marketing and Selling.
Business Research
The Business Research content area provides easy-to-use research tools,
pertinent articles, and links to other Web resources. Areas include Market
Research, Product Research, Company Research, and Government Information. The
Business Research content area guides users toward data sources and assists them
in determining the best method to get the information they need.
Business News
This content area is an insider's guide to the news and events that shape the
competitive landscape. Designed to be a quick look at industry news, these
reports track the Office.com industry sectors and provide a digest of the
important events of the day. News areas include: National, International, Press
Releases, and Technology.
About ebank.com, Inc.
Based in Atlanta, GA, ebank.com, Inc., a unitary thrift holding company, is
tailored to serving the financial needs of small businesses through the Internet
and planned ebank.com centers or partner banks in regional markets. Through its
subsidiary thrift, ebank, the company provides a broad array of financial
products and services to its small business and retail customers, including its
signature eSweepsm service, checking accounts, money markets, CDs, ATM cards,
home loans, commercial loans, credit cards, bill payment services, and human
resource services. ebank.com's complete line of products and services should
eventually include insurance products, equipment leasing, accounts receivable
financing, "smart chip cards" via its ATM network, and other financial products
and services that ebank.com deems necessary to serve its small business and
retail customers. ebank.com offers some of these services and products through
strategic partnerships. ebank.com's strategic partners to date include ADP,
Inc., eHealthInsurance.com, Argent Capital Corp.'s eWealthUSA, GoRate.com,
RealCall and WebTone Technologies, Inc. For more information, visit
www.ebank.com.
<PAGE>
About Office.com
Office.com(R), A Service From Winstar, is the premier Internet site delivering a
competitive edge to small and medium-sized businesses. The site's in-depth
business content, best of breed partners, in-house experts, and wide array of
services help businesspeople work smarter, faster and more efficiently.
In 1998, Office.com debuted its "Business Tools" and related content in Yahoo!'s
Small Business channel. In April 1999, CBS Corporation purchased a one-third
stake in Office.com in exchange for promotion and advertising across CBS
properties. Office.com launched on November 1, 1999, and in January 2000 was
ranked the leading Online Business Center by Cahners In-Stat Group.
For more information about Office.com, and the nearly 150 industries and
professions it serves, visit www.office.com.
About Winstar
Winstar Communications, Inc. (www.winstar.com) helps companies around the globe
engage in Frictionless Businesssm through the use of seamless communications and
technology. Winstar provides its customers with a comprehensive set of
high-quality, digital-age broadband communications services, including
high-speed Internet access and data transport, Web-based information, Web
hosting and local and long distance services.
Winstar offers its services in more than 70 markets throughout the U.S. and in
Europe, Asia and South America. It is the largest holder of broadband fixed
wireless spectrum, with licenses in the top 60 U.S. markets and in 10
international markets. Winstar's broadband fixed wireless capabilities
complement and extend the reach of its extensive fiber network. The company's
long-haul fiber network, which supports IP (Internet Protocol), ATM
(Asynchronous Transfer Mode) and frame relay, will extend more than 16,000 route
miles and connect the top 60 U.S. markets. Winstar's intracity fiber network
will consist of nearly 6,000 route miles in over 60 major domestic and
international markets.
Winstar's Tier 1 Internet backbone and enhanced Web service offerings, including
Web hosting and design, make Winstar one of the largest Internet companies in
the U.S. The company's innovative applications enable businesses to take
advantage of the new Internet economy. Office.com was ranked first overall among
Online Business Centers (OBCs) by Cahners In-Stat Group.
Winstar is based in New York City. The company has strategic relationships with
several leading corporations, including Lucent Technologies; Williams
Communications, Inc.; CBS Corporation; and Microsoft Corporation.
Except for any historical information contained herein, the matters discussed in
this press release contain forward-looking statements that involve risks and
uncertainties, which are described in Winstar's SEC reports, including the 10-K
for the period ended December 31, 1998, and the 10-Q for the period ended
September 30, 1999.
Winstar and Office.com are registered trademarks, and Wireless Fiber and
Frictionless Business are service marks, of Winstar Communications, Inc.
<PAGE>
Certain statements in this news release contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995, such
as statements relating to ebank.com's plans for the development of the Business
Center with Office.com, and are thus prospective. These statements are based on
many assumptions and estimates, many of which are beyond ebank.com's control.
The words "may," "would," "could," "will," "expect," "anticipate," "believe,"
"intend," "plan," and "estimate," as well as similar expressions, identify such
forward-looking statements. These statements appear in a number of places in
this release and include all statements that are not statements of historical
fact regarding the intent, belief or expectations of ebank.com and its
management. These forward-looking statements are not guarantees of future
performance and actual results may differ materially from those projected in the
forward-looking statements as a result of risks such as (1) ebank.com's limited
operating history; (2) whether ebank.com and Office.com can successfully develop
and promote the Business Center; and (3) whether ebank.com can manage its
projected growth.
EBANK.COM ENTERS ALLIANCE WITH GORATE.COM
Internet Bank Adds Equipment Leasing & Financing Services
ATLANTA, GA, February 16, 2000 -- ebank.com (OTC:BB:EBDC), an online bank
dedicated to servicing the small business market, today announced that it has
entered into a strategic alliance with GoRate Corporation which, through its
innovative online web site GoRate.com, provides flexible and competitive
equipment leasing and financing to small businesses nationwide.
Under the alliance, ebank.com customers and visitors will be able to access an
instant payment quote and apply online for business equipment leasing and
financing via a hyperlink through ebank.com's web site while all analysis,
processing, documentation and funding is handled by GoRate.com.
"Our alliance with GoRate.com adds an important link to the growing chain of
services we will offer to our small business clients," said Rich Parlontieri,
Chairman and CEO of ebank.com. "As a growing financial services portal, this is
one of the many products we will provide which small businesses need to grow.
This partnership strengthens our brand awareness as well as our acceptance as a
one-stop provider of financial services."
GoRate.com provides flexible and competitively priced equipment leasing and
financial solutions that allow companies to capitalize on a vast range of
business-building opportunities. ebank.com visitors will be able to use the
hyperlink to access GoRate.com's products and competitive rates and to apply
online.
"Leasing is one of the fastest growing ways of financing equipment in business
today and is utilized by companies both large and small. In a sense, it helps to
level the playing field for small businesses by allowing them to acquire the
equipment they need to stay competitive, without large down payments and while
keeping their valuable lines of credit free for other opportunities," said
Robert Crivello, President of GoRate Corporation.
<PAGE>
About ebank.com, Inc.
Based in Atlanta, GA, ebank.com, Inc., a unitary thrift holding company, is
tailored to serve the financial needs of small businesses through the Internet
and planned ebank.com centers or partner banks in regional markets. Through its
subsidiary thrift, ebank, the company provides a broad array of financial
products and services to its small business and retail customers, including its
signature eSweepSM service, checking accounts, money markets, CDs, ATM cards,
home loans, commercial loans, credit cards, bill payment services, and human
resource services. ebank.com's complete line of products and services should
eventually include insurance products, equipment leasing, accounts receivable
financing, "smart chip cards" via its ATM network, and other financial products
and services designed to serve ebank.com's small business and retail customers.
ebank.com offers some of these services and products through strategic
partnerships. ebank.com's strategic partners to date include ADP, Inc.,
eHealthInsurance.com, Argent Capital Corp.'s eWealthUSA, Office.com, RealCall
and WebTone Technologies, Inc. For more information, visit http://www.ebank.com.
About GoRate.com
Based in San Jose, CA, GoRate.com offers online business equipment leasing and
financial services nationwide. Through its relationships with banks, lenders and
other sources nationwide, GoRate.com allows businesses of varying credit stature
fast access to flexible and competitively priced equipment leasing and financing
solutions. For more information, visit http://www.GoRate.com
Certain statements in this news release contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 and
are thus prospective. These statements are based on many assumptions and
estimates, many of which are beyond ebank.com's control. The words "may,"
"would," "could," "will," "expect," "anticipate," "believe," "intend," "plan,"
and "estimate," as well as similar expressions, identify such forward-looking
statements. These statements appear in a number of places in this release and
include all statements that are not statements of historical fact regarding the
intent, belief or expectations of ebank.com and its management. These
forward-looking statements are not guarantees of future performance and actual
results may differ materially from those projected in the forward-looking
statements as a result of risks such as (1) ebank.com's limited operating
history; and (2) whether ebank.com can successfully implement its new business
strategies, including its relationship with GoRate.com and its goal to become a
financial services portal.
