NEW YORK — TD Waterhouse Group, Inc. (NYSE/TSE: TWE), the global online financial services firm, today announced that it has entered an agreement where its TD Waterhouse Wireless service will be chosen by Verizon Wireless as the premier selection on their Mobile Web On-Line Trading menu.
Verizon Wireless Mobile Web subscribers will have easy, convenient access to TD Waterhouse Wireless through their web-ready phones, as well as access to a multitude of information, including quotes, charts, market indices and news headlines. TD Waterhouse customers in the U.S. will have access to additional services including free unlimited, real-time quotes and quote lists, full company news, account access and order entry.
"Our selection by Verizon Wireless, the largest wireless carrier in the U.S., for premier placement on their Mobile Web On-Line Trading menu makes our service even more convenient for both current and prospective customers," said Stuart Rubinstein, Senior Vice President, Electronic Commerce, TD Waterhouse Group, Inc. "Providing customers with the ability to invest easily when they want, from wherever they are, and assisting them in keeping better track of their finances, are just two of the conveniences this agreement offers. We want to make it as easy as possible for our customers to access their accounts."
Gary Schulman, President of the Verizon Wireless Internet and Data Division, said, "TD Waterhouse is a tremendous addition to the content and service providers Mobile Web users have at their fingertips. This is a great addition for Verizon Wireless customers."
Customers who use TD Waterhouse Wireless for web-ready phones will continue to enjoy the same web commission schedule of $12 for market orders of up to 5,000 shares.
TD Waterhouse's partnership with Verizon Wireless is part of a larger global wireless investing initiative enabling customers in the U.S., Canada, the U.K., and Hong Kong to invest wirelessly through web-ready phones.
This partnership supports two of TD Waterhouse's strategic initiatives: growing the firm's core business through expanding products and services, as well as leveraging technology to improve the customer experience.
About TD Waterhouse
TD Waterhouse Group, Inc., (NYSE/TSE: TWE), also known as "TD Waterhouse," provides investors with a broad range of brokerage, mutual fund, banking and other consumer financial products on an integrated basis. In the United States, TD Waterhouse is the only online discount broker to have a retail branch in all 50 states. Worldwide, TD Waterhouse currently services 4.4 million customer accounts in the United States, Canada, the United Kingdom, Australia, and Hong Kong. The firm also services customers in Japan and India through joint ventures in those countries. TD Waterhouse can be found on the Internet at www.tdwaterhouse.com, on America Online at Keyword: TD Waterhouse, and on web-ready phones at www.wtdw.com.
This release may contain forward-looking statements, including statements with respect to our operating goals. These statements, which reflect management's current beliefs and expectations, are subject to risks and uncertainties that may cause actual results to differ materially from these statements. Such risks and uncertainties include, but are not limited to, market volatility, decreased trading activity, the development and acceptance of new products and services, system delays and failures, competition, and general economic conditions. For a discussion of risks and uncertainties that may cause actual results to differ from those reflected in such forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the information included under the heading "Item 1. Business-Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended October 31, 1999.
About Verizon Wireless
Verizon Wireless is the largest wireless communications provider in the U.S. with more than 25 million wireless voice and data customers and nearly 3.5 million paging customers. The new coast-to-coast wireless provider was formed by the combination of the U.S. wireless businesses of Bell Atlantic Corp. and GTE Corp - now Verizon Communications (NYSE:VZ) -- and Vodafone (LSE:VOD; NYSE:VOD). The new company includes the assets of Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, PrimeCo Personal Communications and AirTouch Paging. The new company has a footprint covering nearly 90 percent of the U.S. population, 49 of the top 50 and 96 of the top 100 U.S. markets. Verizon Wireless, headquartered in New York City and Bedminster, NJ, is 30,000 employees strong. Reporters and editors can find more information about the company on the Web at http://www.verizonwireless.com.