MECKLERMEDIA, "THE INTERNET MEDIA COMPANY," SIGNS E-COMMERCE AGREEMENT WITH COMPUBANK(WESTPORT, CT -- October 15, 1998) -- Mecklermedia, "The Internet Media Company's" (Nasdaq: MECK) Internet.com network of Web sites today announced an alliance with CompuBank the first virtual national bank. Internet.com provides real-time news and information resources for Internet professionals and Web developers.
With this alliance, CompuBank will be the exclusive bank on Internet.com, allowing the site's viewers to apply online to conduct their banking and bill payments over the Internet, 24 hours a day, 7 days a week, in a convenient, secure, and time-saving manner.
"Having CompuBank as our Internet banking source is part of our effort to provide our viewers with additional information and access to commercial markets," said Alan M. Meckler, chairman and CEO of Mecklermedia. "The addition of CompuBank to Internet.com helps us maintain our position as a leader of Internet information on the Web."
"CompuBank's alliance with Mecklermedia's Internet.com signifies the arrival of online banking as a significant part of the Internet's phenomenal growth and acceptance as a mainstream medium," said Jonathan Lack, executive vice president of marketing and planning for CompuBank. "No customer segment will appreciate the convenience, time saving and low fees associated with our banking services more than the professionals who use Internet.com as their key source for Internet news and resources."
Headquartered in Houston, Texas, CompuBank is the first virtual bank to receive a charter from the Office of the Comptroller of the Currency (OCC) and approval from the Federal Insurance Deposit Corporation (FDIC).
Based on a strong foundation of banking experience, CompuBank is an independent bank backed by private investors. National banks were created to instill public confidence, and by receiving a national charter, CompuBank has demonstrated it ensures sound banking practices and has met a stricter set of regulatory requirements put forth by the Federal Government and the OCC. For more information, email [email protected] or visit the Web site .
Mecklermedia Corporation, "The Internet Media Company," based in Westport, Connecticut, is a leading provider of Internet information through its Internet World and ISPCON trade shows, Internet World weekly and Boardwatch monthly print publications, and the Internet.com network of Web sites, which provides daily news and information resources for the Internet community, as well as ISPCON.com and Boardwatch.com. Mecklermedia also publishes the ISDEX, the only 100% Internet stock index featuring 50 leading companies. Mecklermedia's global presence includes Internet World trade shows and licensed publications throughout Canada, Mexico, South America, Europe, the Middle East, Africa, Asia, and Australia.
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