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NadaPC Partners With CMi Worldwide and Samsung Electronics to Offer Innovative iCEBOX as No-Cost Bonus To Consumers

NadaPC, a leading provider of no-cost Internet appliances to consumers looking for an easy way to access the Internet, will be the first company to distribute the iCEBOX(TM), a revolutionary product created and developed by CMi Worldwide in collaboration with Samsung. The iCEBOX is an all-in-one device that allows people to surf the web, send email, shop and bank online, watch television, play audio CDs, and enjoy DVD movies. Resembling a countertop TV with a built-in DVD player, the iCEBOX is designed to look good anywhere throughout the home -- from the kitchen counter to the bedroom. The easy-to-use iCEBOX includes a washable wireless keyboard and a remote control and even allows users to toggle between changing channels and navigating the Internet. With no software to ever install, no hard disk to crash, and no PC viruses to worry about, the iCEBOX represents the easiest way for consumers to connect to the Internet today. Consumers will even be able to use their same NadaPC ISP account to access the Internet from any other personal computer.

Consumers throughout the Continental United States can take advantage of this offer now by visiting NadaPC on the Web at www.NadaPC.com. NadaPC will begin shipping the iCEBOX to customers in mid-October.

The relationship with CompuBank®, the FDIC insured online bank rated #1 by SmartMoney Magazine, allows consumers to establish checking, savings and money market accounts; write checks; and access funds through automated teller machines (ATMs). In addition, consumers can arrange direct-deposits and electronic fund transfers; re-order checks online; and take advantage of complementary benefits such as domestic wire service and bill paying features. CompuBank also offers Certificates of Deposit and Visa® check cards.

``One of the best things we have to offer people is participation in the NadaPC community,'' said Jonathan Strum, founder and CEO of NadaPC.com. ``Members of our online community will gain instant access to the Web, build their own free web sites, engage in secure e-commerce and take advantage of the full multimedia entertainment capabilities of this very hot device. And we're not going to be bombarding anyone with persistent on-screen advertising or unsolicited email. We're sending a definite message to our customers that we respect their privacy -- we won't share their personal information, we won't sell their email addresses. In fact, everything we do will be permission-based.''

``The iCEBOX is the first device to fully integrate entertainment and Internet into a fun, easy to use product that is as reliable as a traditional appliance,'' said Russ Whitman, President and COO of CMi Worldwide. ``We designed it from a consumer perspective where the technology is transparent to the user. Imagine waking up in the morning and, while you are making coffee in your kitchen, being able to watch TV, check your email, balance your bank account online, view the weather report, listen to your favorite music CD or watch a DVD, or even the front door through the video monitor feature, all with the touch of a button. It's that easy. We are excited to be a part of this unique consumer program with NadaPC. We see this as an excellent opportunity to expand our product reach in this first phase of the launch of the iCEBOX product line.''

``As a world leader in convergence products, Samsung is pleased to partner with NadaPC and CMi for this exciting, first-of-its-kind Internet Appliance,'' said J.M. Park, Senior Vice President of Samsung. ``iCEBOX, the world's first digital convergence device of its kind, opens the door to a new world of technology and provides consumers with a fun and exciting experience.''

``As a customer centric organization, we are continually reviewing products and services that add value,'' said Todd Strubbe, President of CompuBank. ``We believe that our marketing relationship with NadaPC opens a new avenue of convenience to a broad audience.''

About NadaPC

NadaPC is the leading provider of free Internet appliances to consumers looking for an easy way to access the Internet. Founded in 1999, the Santa Monica-based company, in partnership with CMi Worldwide and Samsung Electronics, offers its free all-in-one Internet access devices as a means of building the NadaPC community, a personalized portal that provides its members with premium Web-based content, e-commerce opportunities and online tools. For the latest information about NadaPC.com, contact Michael Delaney at 310-821-6100 Ext. 141 or visit www.nadapc.com.

About CMi Worldwide

Established in 1995, Seattle-based CMi designs products that simplify the power of interactive technology to enhance the quality of life at home. The company first looks to benefit the kitchen manager and kitchen lifestyle, with other applications to follow. Through the deployment of easy-to-use interactive technologies, CMi products, such as the iCEBOX information appliance, are specifically created to provide a family resource for fun, entertainment, information and connectivity. CMi Worldwide headquarters are based in Seattle. For more information, please call: (206) 448-0354, email: info@cmiworldwide.com or visit: www.cmiworldwide.com.

About CompuBank®

FDIC insured, CompuBank® is the #1 bank online according to SmartMoney Magazine, earning top honors for Security, Account Information, Fees, and Extra Products and Services. Having customized and leveraged its technology, CompuBank has harnessed the power and speed of the Internet for the convenience and security of its customers. CompuBank is using its technology, banking experience and strategic partnerships to give businesses and individuals the tools they need to control their money. With an experienced management team drawn from the leaders of the Finance and Internet industries, CompuBank has attracted blue chip investors and strategic partners -- SOFTBANK Finance, GE Financial Assurance, The Goldman Sachs Group and Marsh & McLennan Capital. For more information, please call (713) 479-1074, email:jlack@compubank.com or visit: www.compubank.com.

About Samsung Electronics America

Samsung Electronics America's Digital Information Technology Division (DITD), headquartered in San Jose, CA, is the U.S. subsidiary of Samsung Electronics Company, Ltd. (SEC). Samsung's DITD markets a complete line of award-winning TFT and CRT computer displays as well as Computers, Office equipment, Printers and Optical storage systems. Samsung Electronics America also oversees the North American operations of Samsung Telecommunications America, Samsung Canada and Samsung Mexico. Samsung Electronics Company, a $23 billion company with operations in more than 60 countries, is the largest electronics company in Korea and one of the top ten in the world. The company is the world's number one producer of CRT and TFT computer displays, CDMA Handsets and DRAMs. For more information, call 800-SAMSUNG or visit: www.samsungusa.com and www.samsungmonitor.com.

SOURCE: NadaPC