Money.net Enters B2B Market As A Real-Time Financial Application Service Provider

Wednesday, October 11th, 2000 3:45 PM Eastern Time

Go2Net, Zacks, Office.com And Others License Money.net’s Real-Time Products

NEW YORK, NY -- (INTERNET WIRE) -- 10/04/2000 -- Money.net (www.money.net), the company that introduced the Internet’s first free streaming real-time stock portfolio tracker, has expanded its business beyond its consumer base of over 175,000 customers to serve as a real-time financial application service provider. Money.net has licensed its real-time stock portfolio tracker to seven Web properties including Go2Net’s Silicon Investor (NASDAQ: GNET), Zacks.com, Office.com, Webhelp.com, 123Jump.com and has extended redistribution agreements with Telescan (NASDAQ: TSCN) and Automated Financial Services (AFS).

Money.net is now operating two revenue-generating divisions - an ASP and a consumer portal. The ASP side of the company licenses the real-time products, such as the downloadable, customizable stock ticker, the customized Money.net tool bar and the real-time stock portfolio tracker called the “Screamer”, the most advanced free streaming quote application on the Internet. The “Screamer” is an attractive application for companies because of the high usage patterns it generates. A user’s session lasts an average of 125 minutes and the average user visits it over 20 times per month.

“Our real-time portfolio tracker is the best on the market and we’re excited by the interest it has generated from other web sites,” said Harold Van Arnem, chief executive officer of Money.net. “As other sites see our usage patterns of 125 minutes per user session, they pick up on the value our portfolio tracker can bring to their site. That recognition is an integral part of helping our business evolve to include our role as an Application Service Provider.”

The consumer portal is a full service personal finance mega-site with over 175,000 members. Money.net’s portal is the only financial site that offers free streaming quotes and account aggregation. The portal provides up-to-date financial news, information and services for its users and allows users to trade stocks, pay bills, purchase insurance, get loan and credit card approvals, get professional financial advice and consolidate all their online accounts, in one place.

About Money.net:
Money.net was a pioneer in the streaming real-time quote market. The company was the first to offer the real-time tracker to its users on their full service personal finance super-site and now functions as an application service provider (ASP), licensing its streaming real-time products to other web-based businesses. The streaming products have unparalleled usage patterns: as high as 240 minutes per user session. Money.net offers original content, the best financial information and tools allowing investors to make smarter investment decisions and has strategic marketing agreements with TD Waterhouse (NYSE: TWE), InsWeb (NASDAQ: INSW), DirectAdvice, Creditland, Paytrust.com, Webhelp.com and Yodlee.com. The site has been written about in USAToday.com, Money Magazine, The Wall Street Journal Interactive, The Christian Science Monitor, The New Yorker, Online Investor magazine, Information Week, Barrons, Media Week, Ad Age, PC World and PC Week.

Headquartered in New York City, Money.net is privately held. For more information visit www.money.net.