National InterBank and Juno Online Services Launch Juno Banking Center; Juno Adds Integrated Internet Banking to Suite of Customer Offerings

Business Wire,  Dec 4, 2000  

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Business Editors/High-Tech Writers

IRVINE, Calif. and NEW YORK--(BUSINESS WIRE)--Dec. 4, 2000

National InterBank, the premier provider of private-label banking for Internet businesses and affinity groups, and Juno Online Services, Inc. (Nasdaq:JWEB) announced today the launch of the Juno Banking Center. With 3.7 million active subscribers in September, Juno is the nation's third largest provider of dial-up Internet services, after AOL and EarthLink.

Under the terms of its agreement with Juno, National InterBank has created and will maintain and operate the Juno Banking Center, which is a featured element on the Money channel of Juno's Web portal (www.juno.com). National InterBank is also providing Juno subscribers with access to a full range of its own secure online products, services, and offerings, with all transactions occurring on a co-branded version of National InterBank's secure site. Initial offerings on the Juno Banking Center will include:

-- Free online bill-payment

-- High-interest, FDIC-insured checking, savings accounts, and CDs

-- Convenient access to Low-interest mortgage home equity and auto loans

-- Free shipping of deposits (checks and money orders) via UPS at over 3,000
Mail Boxes Etc. locations throughout the U.S.A

-- Free ATM use worldwide, plus fee reimbursement

National InterBank will work with Juno for ongoing promotion of the Juno Banking Center to the Juno subscriber base. Marketing activities will include promotional advertising and links on Juno's Web portal site, as well as direct marketing through e-mail and ads in main Juno software.

"This partnership demonstrates the appeal of National InterBank's innovative business model and best-of-breed private-label banking solutions," said J. Randall Waterfield, co-chief executive officer of National InterBank. "The delivery of banking services will serve to enhance Juno's already sticky customer relationship."

"The Juno Banking Center represents a valuable new service for our users," said Leelila Strogov, Juno's senior vice president for business development. "National InterBank enhances the Juno experience with a service that combines financial value and convenience. For our users, this means the ability to handle all their banking needs within Juno, from the comfort of their home."

In addition to providing a superior financial offering to its customers, National InterBank has recently announced initiatives designed to enhance accessibility to the bank. Recently, the company announced with Edify, an S1 Corporation subsidiary, that it will begin supporting Internet transactions via WAP-enabled mobile phones and other wireless handheld devices early next year.

About National InterBank

National InterBank, www.nationalinterbank.com, is the nation's premier provider of online private-label banking infrastructure for Internet businesses and affinity groups. National InterBank supplies its partners with valuable Web content through a branded Vertical Financial Services Portal. This service enables clients to offer a full range of financial services directly to their users under their own brand name, greatly enhancing customer loyalty and time spent on the client site. National InterBank is a division of The First Bank of Mitchell, a federally chartered institution. All accounts are insured through the FDIC, up to $100,000 per customer. For more information, visit the company at www.nationalinterbank.com.

About Juno

Juno Online Services Inc. is a leading provider of Internet access to millions of computer users throughout the United States. Founded in 1995, the company provides multiple levels of service, including free basic Internet access, billable premium dial-up service, and (in certain markets) high-speed broadband access. Juno's revenues are derived primarily from the subscription fees charged for its billable premium services, from the sale of advertising, and from various forms of electronic commerce.

Based on its total of 3.7 million active subscribers during the month of September 2000, Juno is currently the nation's third largest provider of dial-up Internet services, after AOL and EarthLink. As of September 30, 2000, Juno had approximately 12.77 million total registered subscriber accounts.

For more information about Juno, visit www.juno.com/corp. To get a copy of the Juno software, go to www.juno.com or call 800/TRY-JUNO.

Statements in this press release regarding Juno Online Services, Inc. that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Juno's actual results to differ materially from those described in a forward-looking statement: limited history of offering Juno's billable premium services and free basic service in its current form; history of losses; failure to retain or grow Juno's subscriber base; increasing competition from existing or new competitors; inability to sustain current levels of subscriber acquisition or retention; inability to successfully migrate free subscribers to, or to retain subscribers in, Juno' s billable premium services; rapid technological change; possible unavailability of financing as and if needed; decreases in the popularity of the Internet among consumers or as an advertising medium; dependence on a limited number of partners and vendors for the provision and roll-out of the Juno Express broadband service; possible industry consolidation; and potential fluctuations in quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Juno with the Securities and Exchange Commission, including the Quarterly Report on Form 10-Q filed Nov. 14, 2000, for a discussion of these and other important risk factors.

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