Industry Leaders: TD Waterhouse and Kamoon Inc. Join Forces to Provide Free
Responses to Retirement Plan Inquiries
NEW YORK, and Fort Lee, N.J., Dec. 14 /PRNewswire/ -- TD Waterhouse Group,
Inc, the global online financial services firm (NYSE: TWE; TSE), today
launched a free inquiry program aimed at small businesses across the country.
Kamoon Inc., the infrastructure software company that powers the expert
services component of business on the Web, was selected to provide the
technology behind the free inquiry program. TD Waterhouse has engaged the
consulting services of Universal Pensions, Inc. (UPI) to respond to the
inquiries.
The Kamoon Commerce and Kamoon Match product applications enable TD
Waterhouse to smart route and match leads from banner advertisements to third
party UPI retirement plan consultants. Via the applications, UPI consultants
will respond to inquiries regarding federal tax matters relating to retirement
plans, securely and directly over the Kamoon system. Small business owners
can access the free inquiry program through banner ads on CNNfn.com, a leading
financial news Web site.
To participate, CNNfn.com users click on a banner ad targeted toward small
businesses interested in receiving a free response to their retirement plan
questions. Through the Kamoon applications, their retirement plan questions
are electronically routed to a consultant at UPI, who then provides an email
response directly to the individual. The program will run until December 31,
2000.
"TD Waterhouse makes it easy for consumers to manage their financial
lives, by providing access to a wide array of financial products and services
that meet the needs of all types of investors," said Peter Mastrantuono,
Senior Vice President, Retirement Marketing, of TD Waterhouse. "Kamoon's
technology allows us to reach small businesses efficiently and to connect them
with pension plan experts to help them solve complex retirement issues online.
We are pleased to be working with Kamoon and UPI to provide investors with
access to such important information, and to be utilizing CNNfn.com as the
vehicle through which to reach those investors."
"We remain dedicated to answering the human element issues of
customer- and client advisor-relationships on the Web for financial services
companies," said Yali Harari, CEO of Kamoon Inc. "TD Waterhouse and Kamoon
share the same vision of fully utilizing Web marketing to connect qualified
prospects to the business' sales force, but in a smart efficient way."
"The complexity in retirement plan rules and uncertainty in where to find
answers are often deterrents for small business owners in offering a plan,"
stated Thomas G. Anderson, President and Chief Operating Officer at UPI. "We
are pleased to be part of this initiative that is another demonstration of how
the Internet can be used to reach out to small business owners who couldn't
otherwise afford this level of service on an individual basis."
About TD Waterhouse.
TD Waterhouse Group, Inc., (NYSE: TWE; TSE), 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 http://www.tdwaterhouse.com and on America Online at
Keyword: TD Waterhouse.
About Kamoon Inc.
Kamoon is an infrastructure software company that powers the expert
services component of business online. Its Smart Engine technology enables
companies to proactively deploy expert resources and seamlessly deliver
mission-critical human intervention at any stage of a business process online.
Kamoon offers an end-to-end Knowledge Commerce Solution that connects a
customer with specific needs for advice to the right expert, either inside or
across an extended enterprise network, by applying business processes for
online channel development, smart routing and matching, customer-expert
interaction management, transactional bidding and billing, business
intelligence, and partner management. With clients in the financial services,
professional services, B2B marketplace, and medical industries, Kamoon is
rapidly becoming the standard for knowledge commerce.
Founded in 1999, Kamoon has received funding from Patricof & Co. Ventures
and its global network Apax Partners, XDL Intervest Capital, and BRM Group,
the investment company behind Internet infrastructure leaders such as Check
Point Software and BackWeb Technologies. Kamoon is headquartered in Fort Lee,
New Jersey and Ramat Gan, Israel, where its patent-pending technology was
developed. For more information, please visit the company at
http://www.KAMOON.com.
About UPI
Based in Brainerd, MN, Universal Pensions, Inc. (UPI) is an independent
company focusing exclusively on the retirement services industry. Founded in
1975, UPI provides the ERISA expertise, consulting, products and services
financial services firms need to assure compliance, improve operating
efficiencies, define and implement market strategies and recruit, train and
retain staff. UPI is the largest trainer of retirement plan professionals, is
one of the top retirement plan document providers in the nation, and is
developing advanced, web-based technology unprecedented in the retirement
services industry. Today, UPI serves a client base representing every
financial services market segment including the top two-thirds of the largest
banks, brokerage firms, mutual fund companies, and credit unions in the
nation. For more information, visit UPI at http://www.universalpensions.com.
SOURCE TD Waterhouse Group, Inc.
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Related links:
http://www.tdwaterhouse.com
http://www.KAMOON.com http://www.universalpensions.com
CONTACT:
Melissa Fox of TD Waterhouse Group, Inc.,
212-908-3101, MelissaFox@TDWaterhouse.com; or Ashley Russ of
Kamoon Inc., 201-242-9311, ext. 2316, ashleyr@kamoon.com, or
Yasmin Jorge, 212-598-3663, yasmin_jorge@nyc.cohnwolfe.com,
Narciso Tovar, 212-598-2849, narciso_tovar@nyc.cohnwolfe.com,
both of Cohn & Wolfe for Kamoon Inc.
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