Server: Netscape-Enterprise/2.01 Date: Tue, 16 Dec 1997 14:36:28 GMT Accept-ranges: bytes Last-modified: Fri, 12 Dec 1997 20:43:11 GMT Content-length: 4375 Content-type: text/html E*TRADE: E*TRADE Completes OptionsLink Acquisition
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E*TRADE COMPLETES OPTIONSLINK ACQUISITION

E*TRADE News Media Contact:
Kate Connelly or Kim Shepherd, The Dilenschneider Group, 312-553-0700, kate@chicago.dilenschneider.com, kim@chicago.dilenschneider.com

PALO ALTO, CA, December 12, 1997 -- E*TRADE Group Inc., today announced that it has completed the acquisition of OptionsLink Division of Hambrecht & Quist. This new service, to be called E*TRADE OptionsLink, will provide a Web-based and interactive voice response order entry system for employee stock option and stock purchase plan services to corporate stock plan participants. OptionsLink customers now will have convenient access to E*TRADE's suite of investment and financial products and services as well as its numerous gateways including the Internet, TELE*MASTER, a proprietary touch-tone telephone service, and customer service representatives.

A leading branded provider of online investing services, E*TRADE has established a popular destination Web site for self-directed investors. The company offers independent investors the convenience and control of automated order placement at low commission rates, along with a suite of value-added products and services that can be personalized, including portfolio tracking, Java-based charting and quote applications, real-time market commentary and analysis, news and other information services.

Customers can access E*TRADE at http://www.etrade.com on the Internet as well as through WebTV; via Prodigy; via AT&T WorldNet; via Microsoft Investor; by Go ETRADE on CompuServe; with the keyword ETRADE on America Online; via direct modem connection; and via the TELE*MASTER interactive telephone system. E*TRADE Securities and its parent company, E*TRADE Group, Inc., are headquartered in Palo Alto, California.


E*TRADE is a registered trademark of the Company. TELE*MASTER is a trademark of E*TRADE Securities, Inc. All other trademarks are properties of their respective owners. The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures, system failures, economic conditions and the introduction of competing products having technological and/or other advantages. Further information about these matters can be found in the information included in the annual report filed by the company with the SEC on Form 10-K and quarterly reports on Form 10-Q.


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