NTBK Net.B@NK Common Stock (MM)

Vesdia Corp. and NetBank Partner to Help Investors Retire Faster The First Commercially Successful Internet Bank in the U.S. Also Becomes the First to Offer Rebates Through a Retirement Microinvesting Platform ATLANTA, Jan. 6 /PRNewswire-FirstCall/ -- Vesdia Corporation, the nation's leading microinvesting technology company, announced today that it has signed a definitive partnership agreement with NetBank(R) ( http://www.netbank.com/ ), the country's first commercially successful Internet bank. Under the terms of the agreement, NetBank will become a featured depository institution for members of Vesdia's "NestEggz" retirement savings program. Furthermore, NetBank will provide NestEggz members with up to a $50 contribution toward their retirement savings goals when they open and maintain a money market or checking account. The NestEggz retirement savings program enables individual investors to receive up to a 20% rebate on everyday purchases made through a network of more than 500 merchants, including Gap, Barnes & Noble, Dell, Blockbuster, and others. Vesdia technology tracks the transaction from the point of purchase and deposits the merchant rebates into the participant's designated savings vehicle. In addition to serving as the "savings engine" behind its NestEggz retirement savings program, Vesdia also serves as the technology provider and program manager to several other investor loyalty programs. According to a recent report by Financial Research Corporation, merchant and credit card rebate programs in the U.S. have the potential to capture more than $21.7 billion annually in eligible shopping transactions, representing an incremental $1.1 billion per year in assets to banks and other financial institutions. "This relationship is significant in that it heralds the transition of the microinvesting concept into traditional retail banking," said Mike Mitchell, Vesdia's chief financial officer, and former Wachovia Bank executive. "And it allows us to reach retail banking customers where they are managing their finances. Of course, given NetBank's leadership position in online banking, it was a natural fit for us to work with them as our first retail banking partner." "We are pleased to be working with Vesdia to provide NestEggz members this exceptional offer," said Eve McDowell, chief sales & customer fulfillment executive for NetBank. "NestEggz helps people achieve one of their most challenging financial goals -- saving toward their retirement. What's more, because NetBank offers some of the highest paying money market and checking accounts in the country, we are confident it will be highly appealing to NestEggz members." About Vesdia Corporation Headquartered in Atlanta, Vesdia is the nation's leading microinvesting technology company. Through its nationwide network of retailers and name brands, Vesdia's patent-protected technology enables individual investors to save towards major life events without incurring out-of-pocket expenses. In addition to serving as the "savings engine" behind its own award-winning savings programs, BabyMint and NestEggz, the company's proprietary technology is also licensed by financial institutions, retailers, and credit card issuers to facilitate customer loyalty. For more information please visit http://www.vesdia.com/ . About NetBank NetBank(R) is the country's first commercially successful Internet bank. NetBank currently has $2.5 billion in deposits and serves retail and business customers in all 50 states and more than 20 foreign countries. Its full line of financial services is designed around the needs and lifestyles of its customers. Through a branchless business model, NetBank operates at a fraction of the cost of a traditional bank. Since its start in 1996, NetBank has passed its cost savings to customers through more competitive deposit rates and free account services. Through its mortgage lending subsidiaries, Market Street Mortgage(R) and RBMG(R), NetBank ranks as a top 30 U.S. mortgage lender. NetBank, Equal Housing Lender and Member FDIC, is a primary operating subsidiary of NetBank, Inc. (NASDAQ:NTBK), a diversified financial services company. For more information on NetBank's products and services, please visit http://www.netbank.com/ . DATASOURCE: Vesdia Corporation CONTACT: Bill Koleszar of Vesdia Corporation, +1-404-442-3971, or Web site: http://www.vesdia.com/

Copyright