COLLABORATIVE FINANCIAL NETWORK GROUP, INC.

COLLABORATIVE FINANCIAL NETWORK GROUP, INC.

Previous company name
eFinancial Depot.com, Inc
Name change date
6/2001
Company Overview
Collaborative Financial Network Group Inc. is a US-based, Internet financial portal that offers a full spectrum of financial services and investment information on the world wide web. The company was established in April of 1997 and ha sits registered head office located in Century City, California.
Collaborative Financial Network Group develops a proprietary information system which consists of integrated financial web pages and features an online investment-related community. It focuses in serving the individual investors of all sophistication levels, professional investors such as brokers, analysts and money managers; financial institutions, banks, credit unions and general online enthusiasts who are looking for investment information; education and professional financial services.
Collaborative Financial Network Group’s objective is to disseminate information available over the Internet to service the growing need for a centralized source of information and services for the rapidly increasing number of online investors, brokers and investment students.
Business Summary
Collaborative Financial Network Group Inc. is an Internet financial portal that intends to offer a full spectrum of financial services and investment information on the World Wide Web. The Company is currently developing a proprietary information system consisting of integrated financial Web pages and featuring an online investment-related community. The Company’s goal is to disseminate information available over the Internet to service the growing need for a centralized source of information and services for the rapidly increasing number of online investors, brokers, and investment students. The Company’s target market includes individual investors of all sophistication levels, professional investors such as brokers, analysts and money managers, financial institutions, banks, credit unions, and general online enthusiasts looking for investment information, education and professional financial services.
Description and history
Collaborative Financial Network Group Inc., organized on April 21, 1997, is an Internet financial portal that intends to offer a full spectrum of financial services and investment information on the World Wide Web. The Company is currently developing a proprietary information system consisting of integrated financial Web pages and featuring an online investment-related community.

The Company’s goal is to disseminate information available over the Internet to service the growing need for a centralized source of information and services for the rapidly increasing number of online investors, brokers, and investment students. The Company’s target market includes individual investors of all sophistication levels, professional investors such as brokers, analysts and money managers, financial institutions, banks, credit unions, and general online enthusiasts looking for investment information, education and professional financial services.

The Company intends to provide an easily navigable, consumer friendly, vertically integrated destination Website that offers a wide variety of financial products and services, including: unbiased streaming news; full service investment support, online trading, estate planning, life insurance and mortgage banking; online radio commentary; extensive investor education; and online banking software.

Another area of growth among Internet use is the online community, which has brought users together to communicate with one another and share information. This particular Internet medium has personalized the Internet for its users. To date, a typical Internet user’s experience has been essentially one-way searching and viewing Websites containing professionally created content on topics of general interest, such as current events, sports, finance, politics and weather. While Internet search and navigational sites have improved users’ abilities to seek out aggregated Internet content, these sites are not primarily focused on providing a platform for publishing the rapidly increasing volume of personalized content created by users with similar interests, or enabling such users to interact with one another. In contrast, through its Websites, the Company can offer users aggregated Web content aimed directly at their needs, such as investment information and financial services.

Trading Offices/Systems & On Line Financial Services

The Company’s trading technology has a sophisticated Web-based user-friendly interface that provides direct and immediate access to all United States equity markets and is geared to ease trading execution, without third party involvement with maximum security and speed. This interface is a competitive advantage over the vast majority of online brokers.

Online Trading Application

The online trading application, IMIweb, is exclusively licensed from IMI Bank S.p.A of Milano, Italy (IMI Bank). The system allows access to most major United States and European stock exchanges, providing: real-time stock quotes; market news; other financial services; fast execution technology; and International Order Routing System.

Platform for Traders (Trade-Fast, Inc.)

Trade-Fast is a subsidiary of the Company that uses licensed software to enable stock trading in a secure office environment, giving traders the ability to make trades direct to market makers and electronic communication networks (ECN’s). The Trade-Fast solution allows traders millisecond speed through proprietary technology and can accept bids or offers at the same price as the market maker as well as “show” a bid or offer price. These services are primarily geared towards professional, highly active traders.

Currently, the Company and Trade-Fast have trading offices in the United States executing approximately 3,500 trades daily, with affiliate offices in Munich, Germany, and is planning expansion of additional offices and partnerships worldwide.

Banking Services

The Company’s banking services will enable institutions to offer online banking services, such as accessing and transferring between accounts, credit transfer and information access (i.e. information on cash balance, transactions, checks and credit/debit cards). The interface is logical and intuitive and user friendly.

The Company has signed a Letter of Intent to license a proprietary Internet banking software application from Metanology, whose team of software developers represents pioneers in the online banking industry.

Through its subsidiary, Westcor Mortgage, the Company will have the ability to offer online competitive mortgages, as well as direct-to-consumer loans in Canada and, in the near future, in the United States. Through its subsidiary, EZnow Insurance.com, the Company offers a full line of insurance products online in 19 states. The Company plans to provide in-depth training and education geared toward investors.

The Company’s four main competitors (companies that market stock and investment information over the Internet) include: W3OTC Inc.; Regent Group Inc.; Internet Stock Market Resources, Inc.; and Financial Commerce Network, Inc. In the banking industry, the Company’s competitors will include Corillian, Sybase/HFN, S1 Technologies and Digital Insight as the top four providers for large and medium-sized banks. Yodlee is a third party supplier in Sunnyvale, California, catering to larger institutions. Two of the Company’s main competitors in the online insurance industry include: InsWeb, a market leader in online insurance; and QuickQuote, a “cyber-agency” providing insurance services to banks and brokerage firms that want to offer insurance to their customers.

Business Line
Offers a full spectrum of financial services and investment information on the world wide web
Subsidiary

Advisor
STEFANOU & COMPANY, LLP
IPO date

US SIC Code
7375
Company Address
Suite 150
150-1875, Century Park East
City province or state postal code
90067, CENTURY CITY, CA
Phone: +1 877 739 3812
Fax:
Country address: UNITED STATES OF AMERICA
Website url: