Business Services Industry
[0] WealthHound Forms Web Site Development Subsidiary: envitro.com Formed To Capitalized On Award-Winning Development Team
Business Wire, May 25, 2000
Business and Technology Editors
NEW YORK--(BUSINESS WIRE)--May 25, 2000
WealthHound.com, Inc. (NQB: WLTH) announced today that its wholly-owned subsidiary, WealthHound, Inc. has formed envitro.com, Inc., a wholly-owned subsidiary to design and develop web sites utilizing WealthHound, Inc.'s award-winning team of designers.
WealthHound, Inc.'s personal finance web portal WealthHound.com recently won the 2000 @d:Tech Awards Gold Medal for the best Banking/Financial Services web site.
WealthHound's Chief Creative Officer Scott Mager will be President of envitro.com, Inc. Mager was an original member of the team which started Agency.com (NASDAQ: ACOM) as well as WealthHound. He leads a group of skilled web designers at WealthHound who are available to create or redesign web sites.
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"After we won the Gold Medal at the @d:Tech Awards, we received a number of calls from companies asking us to develop their site," said WealthHounds Chairman Michael Farkas. "Our creative team is very dynamic, and we came to realize that we could turn their skills into a revenue center for WealthHound by creating a subsidiary company which would allow them to develop sites for other companies."
In early May, WealthHound.com was awarded 1st place at the @d:tech Awards, ahead of Modem Media's (NASDAQ: MMPT) redesign of Citi Group Inc.'s (NYSE: C) Citibank.com site, and marchFIRST's (NASDAQ: MRCH) First Internet Bank of Indiana site. The WealthHound.com site was the only site designed in-house by its own highly skilled team of web designers, which was led by Scott Mager.
The envitro.com team creates clean, easy-to-use interfaces with inventive and useful functions to keep the web user involved with the site. On WealthHound.com (www.WealthHound.com), for example, they created a unique feature where Fed watchers can gauge the direction of interest rates by keeping abreast of all the news, speeches and interviews with key government and business leaders. Additionally, they created the popular Give2Get stock tip exchange, which allows investors to anonymously trade stock tips.
WealthHound.com is an award winning financial services site which includes online stock trading through Richmark Capital Corporation for a flat $14.95 per trade and live customer support; mortgages through AppOnline.com (AMEX: AOP); insurance quotes and policies through Quotesmith.com (NASDAQ: QUOT); an Inktomi (NASDAQ: INKT) search engine, and shopping at over 130 e-tailers. WealthHound.com also features a Wireless Stock Quote Application for Palm Inc.'s (NASDAQ: PALM) Palm VII wireless connected organizer, and will add more wireless applications in the near future, including a wireless trading platform. This press release contains information that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although WealthHound.com, Inc. believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.
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