BUYandHOLD.com and bivio Sign Co-marketing Agreement, Bringing Low-cost Brokerage Services to Investment Clubs
BUYandHOLD.com Offers Dollar-Based Investing to bivio's Investment Club Membership
NEW YORK and BOULDER, CO (July 11, 2000) BUYandHOLD.com, Inc., a unique financial services company dedicated to long-term investors, and bivio™ Inc. ("bivio"), the No.1 site for investment clubs, today announced a co-marketing agreement that will bring a new and valuable range of financial services to bivio's investment club members. Through BUYandHOLD's subsidiary, BUYandHOLD.com Securities Corporation ("BUYandHOLD"), investors can participate in dollar-based investing and fractional share ownership as they pursue their long-term investment strategies.
bivio investment club members can now sign up for a BUYandHOLD brokerage account directly through a link on bivio's home page called "Start Investing." By doing so, members can enjoy all of the benefits that BUYandHOLD offers, including: the ability to purchase fractional shares from more than 2,100 companies; low minimums; low-cost transaction fees; free dividend reinvestment; an automatic stock purchase program through E-ZVest; and a range of educational and financial services designed to better assist the long-term investor.
Additionally, bivio investment club members will have the chance to win an investment club dinner with Best-selling author Charles B. Carlson; CEO of BUYandHOLD.com, Inc. Peter Breen; and CEO of bivio.com Ion Yadigaroglu. Also, members that sign up through bivio will be eligible to receive a free autographed copy of Eight Steps to Seven Figures, written by Charles B. Carlson.
"bivio has revolutionized the investment club marketplace by bringing a suite of financial services to clubs who wish to communicate and manage their finances online," said Geoffrey M. Tudisco, co-founder and executive vice president of BUYandHOLD.com, Inc. "Through this partnership with bivio, investment clubs will have the ability to easily collaborate on investment decisions, execute transactions and manage bookkeeping. Together, we provide clubs with a cost-effective, flexible and convenient way to pursue their long-term investment strategies. This is a win-win situation for everyone."
"BUYandHOLD is tailor-made to fit the needs of investment clubs, which is why we're so thrilled to have entered into this agreement," said Ion Yadigaroglu, co-founder and CEO of bivio. "Investment clubs tend to be consensus-based and long-term in their outlook. BUYandHOLD has built its business for this type of investor, creating services, which lower costs and improve returns for customers with a buy-and-hold strategy. Our members will be delighted to have BUYandHOLD as a valued investment partner."
bivio pioneered the concept of online investment club management with the launch of its site in December, 1999. The site, available free of charge, enables investment club members to administer group efforts, collaborate, and track investment discussions over the Web. The site also allows existing investment clubs to quickly transition from cumbersome PC-based administration to an integrated Web-based system.
About BUYandHOLD:
Incorporated in 1998, BUYandHOLD.com, Inc. is a leading financial services company focused on the needs of long-term investors. Through its online brokerage subsidiary, BUYandHOLD.com Securities Corporation (www.buyandhold.com) provides dollar-based investing and fractional share ownership to investors who practice the "Buy and Hold" investment philosophy of purchasing and retaining securities to optimize return on investments over time.
Customers can quickly build a diversified portfolio from more than 2,100 companies grouped for easy selection through a shopping cart interface. They can invest in stocks for as little as $20; reinvest dividends at no charge; implement dollar-cost averaging strategies through the E-ZVest service; and gain access to expert third-party research and to an extensive library of educational information on investing. In addition, BUYandHOLD.com offers average purchase price tracking and twice-a-day executions.
BUYandHOLD.com Securities Corporation (Member NASD/SIPC) and its parent company, BUYandHOLD.com, Inc. are headquartered in New York, New York, at 110 and 120 Wall Street, respectively.
About bivio:
Incorporated in 1999, bivio Inc. (www.bivio.com) is the leading site for investment club services. Designed around the unique needs of investment clubs, the site provides free accounting, tax, administration and communications services in an easy-to-use, collaborative environment that encourages interaction and wise decision making. bivio also offers the services of partner companies who specialize in the needs of the forward-looking investor community. The company is privately held.
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