ATLANTA, Aug. 24, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(r) (www.netbank.com), today announced a new affiliation with uBid.com Holdings, Inc. (OTCBB:UBHI) whose uBid, Inc. subsidiary (www.ubid.com) is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S. As a result of this affiliation, uBid.com customers now have the opportunity to earn up to $235 in bonuses for opening and funding a variety of NetBank accounts.
"Alliances such as the one we are announcing today allow NetBank to market our services to consumers who share similar characteristics to our existing customer base -- mainly tech-savvy persons who appreciate the value and convenience of doing business online," said Donna Mack Crowell, director of strategic alliances for NetBank. "Consumers are using technology to simplify their lives. uBid.com customers shop for products from the convenience of their home. As a NetBank customer, they can enjoy the same convenient connection to their money, no matter where they are in the country."
"uBid.com is always looking for new ways to increase our value and enhance customer relationships," said Sharon Greenblatt-Cohen, manager of advertising sales for uBid.com. "NetBank offers another convenient way for our members to find compelling offers within uBid.com's trusted marketplace."
Customers who open a NetBank account can receive up to $235 in bonuses in the following ways:
-- $75 bonus for opening and funding a checking account with a
minimum deposit of $50 and maintaining an average daily balance
of $500 for at least one month
-- $75 bonus for opening and funding a Money Market account with a
minimum deposit of $100 and maintaining an average daily balance
of $1,000 for at least one month
-- $85 bonus for opening and funding a Certificate of Deposit
account with a balance of $15,000 and a minimum term of 12
months; or $50 for a balance of $10,000 and a minimum term of 12
months; or $20 for a balance of $5,000 and a minimum term of 12
months.
uBid.com customers can learn more about earning rewards through NetBank by visiting www.netbank.com/ubid.
About NetBank, Inc.
NetBank, Inc. (Nasdaq:NTBK) operates a diverse group of complementary financial services businesses that leverage technology for more efficient and cost effective delivery of services. Its primary areas of operation include personal and small business banking, retail and wholesale mortgage lending, and transaction processing. For more information, please visit www.netbankinc.com.
About uBid.com Holdings, Inc.
uBid.com Holdings, Inc. and subsidiaries (the "Company") operate a leading on-line business-to-consumer and business-to-business marketplace that enables itself, certified merchants, manufacturers, retailers, distributors and small businesses to offer high quality excess, new, overstock, close-out, refurbished and limited supply brand name merchandise to consumer and business customers primarily located in the United States. Through the Company's website, located at www.ubid.com, the Company offers merchandise across a wide range of product categories including but not limited to computer products, consumer electronics, apparel, housewares, watches, jewelry, travel, sporting goods, home improvement products and collectibles. The Company's marketplace employs a combination of auction style and fixed price formats. uBid.com Holdings, Inc. is publicly traded on the NASD OTC bulletin board (UBHI).