FundsXpress Looks to New President's Proven Track Record to Lead Company Through Period of Rapid Growth

Apr 19, 2001, 01:00 ET from FundsXpress, Inc.

    AUSTIN, Texas, April 19 /PRNewswire/ -- FundsXpress, the leading online
 financial services company, today announced the appointment of Brent
 Warrington as president and chief operating officer of the company,
 solidifying the depth of the management team's financial services experience.
 Warrington was promoted from his position as executive vice president for
 sales and marketing.  During his eight-month period as executive vice
 president, the FundsXpress customer base has increased from 200 to more than
 500 clients.  Active users have more than doubled during the same period and
 expenses were reduced by 45%.
     "Brent's leadership in the financial services industry is key to our
 efforts to drive the company toward profitability," said John Burns, chairman
 and CEO of FundsXpress.  "Brent's tactical focus will help build credibility
 for online banking and support our growing customer base of larger financial
 institutions."
     FundsXpress is a proven leader in the Internet-based financial services
 market and has been funded by global private equity investors such as Warburg
 Pincus, J.P. Morgan Chase & Co., Cendant Corporation and the Texas Growth
 Fund.  FundsXpress has continued to expand its product offering and steer
 users online at an unprecedented rate.
     Prior to joining FundsXpress in 2000, Warrington served as vice president
 at EDS, architecting the EDS global middle market business segment and
 reseller programs, capitalizing on more than 10 years of experience in the
 financial services industry.  Prior to this, he held the position of director
 of marketing within the EDS Financial Industry Group, where he was responsible
 for developing marketing and business growth strategies for their financial
 services division.  During his tenure, the EDS Financial Industry Group became
 the leader in market share globally in the financial services industry with
 more than $3.0 billion annually.  He also strategically repositioned the EDS
 insurance business unit with a new business model that led to a record
 800% increase in sales the first year.
     Warrington holds a bachelors degree in business from Embry Riddle in
 addition to a master's degree in marketing and finance from Pepperdine
 University.
     Founded in 1997, FundsXpress is building upon current success and momentum
 to develop new Internet-based products that will allow financial institutions
 to offer a complete "financial services portal" to customers.  In addition to
 Internet banking, bill payment, cash management and online brokerage products,
 FundsXpress provides new online shopping choices through its portal with a
 secure digital wallet issued by the financial institution.
 
     About FundsXpress
     FundsXpress, Inc., together with its subsidiaries headquartered in Austin,
 Texas, offers a wide range of secure, reliable and convenient Internet-based
 financial services and products including the FundsXpress Financial Portal,
 secure Internet banking, online brokerage and lending.  For more information,
 please visit the company at http://www.fundsxpress.com.
     FundsXpress and the FundsXpress Logo are registered trademarks of
 FundsXpress, Inc.  Portana and FXPortal are also trademarks of FundsXpress,
 Inc.  All other company and product names may be registered trademarks or
 trademarks of their respective companies/holders and are hereby recognized.
 
      Media Contact:
      Elise Sillers
      PetersGroup Public Relations
      512.794.8600
      Elise@petersgroupPR.com
 
 

SOURCE FundsXpress, Inc.
    AUSTIN, Texas, April 19 /PRNewswire/ -- FundsXpress, the leading online
 financial services company, today announced the appointment of Brent
 Warrington as president and chief operating officer of the company,
 solidifying the depth of the management team's financial services experience.
 Warrington was promoted from his position as executive vice president for
 sales and marketing.  During his eight-month period as executive vice
 president, the FundsXpress customer base has increased from 200 to more than
 500 clients.  Active users have more than doubled during the same period and
 expenses were reduced by 45%.
     "Brent's leadership in the financial services industry is key to our
 efforts to drive the company toward profitability," said John Burns, chairman
 and CEO of FundsXpress.  "Brent's tactical focus will help build credibility
 for online banking and support our growing customer base of larger financial
 institutions."
     FundsXpress is a proven leader in the Internet-based financial services
 market and has been funded by global private equity investors such as Warburg
 Pincus, J.P. Morgan Chase & Co., Cendant Corporation and the Texas Growth
 Fund.  FundsXpress has continued to expand its product offering and steer
 users online at an unprecedented rate.
     Prior to joining FundsXpress in 2000, Warrington served as vice president
 at EDS, architecting the EDS global middle market business segment and
 reseller programs, capitalizing on more than 10 years of experience in the
 financial services industry.  Prior to this, he held the position of director
 of marketing within the EDS Financial Industry Group, where he was responsible
 for developing marketing and business growth strategies for their financial
 services division.  During his tenure, the EDS Financial Industry Group became
 the leader in market share globally in the financial services industry with
 more than $3.0 billion annually.  He also strategically repositioned the EDS
 insurance business unit with a new business model that led to a record
 800% increase in sales the first year.
     Warrington holds a bachelors degree in business from Embry Riddle in
 addition to a master's degree in marketing and finance from Pepperdine
 University.
     Founded in 1997, FundsXpress is building upon current success and momentum
 to develop new Internet-based products that will allow financial institutions
 to offer a complete "financial services portal" to customers.  In addition to
 Internet banking, bill payment, cash management and online brokerage products,
 FundsXpress provides new online shopping choices through its portal with a
 secure digital wallet issued by the financial institution.
 
     About FundsXpress
     FundsXpress, Inc., together with its subsidiaries headquartered in Austin,
 Texas, offers a wide range of secure, reliable and convenient Internet-based
 financial services and products including the FundsXpress Financial Portal,
 secure Internet banking, online brokerage and lending.  For more information,
 please visit the company at http://www.fundsxpress.com.
     FundsXpress and the FundsXpress Logo are registered trademarks of
 FundsXpress, Inc.  Portana and FXPortal are also trademarks of FundsXpress,
 Inc.  All other company and product names may be registered trademarks or
 trademarks of their respective companies/holders and are hereby recognized.
 
      Media Contact:
      Elise Sillers
      PetersGroup Public Relations
      512.794.8600
      Elise@petersgroupPR.com
 
 SOURCE  FundsXpress, Inc.