eBalance, Inc. Introduces the Next Generation Of ItsOn-Line Personal Finance Management Solution;...

Business Editors

SAN RAMON, Calif.--(BUSINESS WIRE)--May 15, 2000

Consumers Can Manage Investments, Purchases and Reach Established

Destination Sites Through Easy-to-Use Interface, With Report Writing

and Transaction Record Retention

eBalance, Inc.

today introduced Version 2.0 of the on-line financial management market's most powerful, easy-to-use Web-based personal finance solution, providing consumers with the most intuitive interface and real-time access to account information from the most financial institutions of any other solution in the industry.

Version 2.0 builds upon the original eBalance solution, which was introduced in the last quarter of 1999 to enable consumers to manage their investments, purchases and financial assets over the Internet. eBalance collects financial data from banks, mutual funds, stock accounts and other locations, and moves it into a single, secure database where users can consolidate it, access online service providers and interact with the information at their own pace from any location with Web access. eBalance is working with a blue chip list of partners and affiliates -- including Bankrate.com, News Alert and Dollar Stretcher -- which is growing monthly.

"eBalance provides users with a complete look at their financial position, including updated transactions that can be accessed in real time, reviewed and consolidated immediately," said Myles Suer, eBalance president and CEO. "We also let users add to or edit information, reconcile data, and write reports, which no aggregator does. This integrated financial suite raises the bar further by dramatically simplifying the account setup and management process. Our new account support section allows users to dynamically connect with online financial institutions anywhere in the process. This unique access as well as our simplified navigation will make online financial services attractive to a larger audience."

Other financial aggregation sites only provide basic balances or other temporary account information -- from a very limited list of sources. In contrast, eBalance provides individual account and transaction data from more than 1,300 financial institutions including American Express, Bank of America, Chase, Citibank, Wells Fargo and other leading organizations.

About eBalance

eBalance, Inc. was founded in 1999 by an experienced team of financial and communications industry veterans who bring a broad range of management, marketing and software and hardware technology experience together in a single organization. eBalance delivers through partner destination sites products and services that let consumers manage their financial resources over the Internet. By providing access to individual account and transaction data from more than 1,300 financial institutions, eBalance has created powerful new model for fast, efficient financial awareness. The company is located at Bishop Ranch 2,2682 Bishop Drive, Suite 210, San Ramon, CA, 94583. Tel: 925/904-2000, fax: 925/904-2002. For more information about eBalance or to sign up for its services, visit www.ebalance.com or call 925/904-2003.

Comments from industry leaders on eBalance:

"What eBalance has created dramatically moves the ball forward beyond pure account aggregators. I believe that it represents the next generation for the financial side portal. It is the next e-mail." According to J. Stan Hjartberg, Vice President and Executive Producer for Quote.com, a Lycos property.

Charles Russell, chairman of FirstWeb Bancorp, Inc. and former president and CEO of VISA International, noted that on-line financial management and electronic debit systems are now available through eBalance's powerful new optimization technology. "Debit and smart card technology has failed to provide consumer with an effective way to track their financial position quickly, and most continue to use paper check methods," he said. "By providing consumers with a better, simpler, and faster money management system, eBalance accomplishes what the banks have failed to do -- move the user to an electronic debit system."

"eBalance has taken account aggregation to a significant level by allowing consumers to interact with all of their financial information on one site," said H. Thomas Carter, U.S. Bancorp Piper Jaffray's research analyst for electronic commerce. "Because users can categorize, retrieve and run reports on all of their finances, eBalance serves as a platform for a variety of applications, including tax filing and financial planning. This innovation creates a foundation on which consumers can understand their financial situation in a simple, convenient and effective way."

"Consumers are now in charge and can move money in an almost frictionless environment," according to Forrester Research analyst James Punishill. "Consumers have demonstrated that they want to consolidate their financial lives on the web."