Inks Deals With Washingtonpost.Newsweek Interactive and Three Financial Services Companies; Emerges as the Largest Online Military Destination with 1 Million Monthly Unique Visitors
SAN FRANCISCO and WASHINGTON - Military.com announced today it added five new strategic partners and logged 964,000 unique visitors in August -- more than five times the volume of any other online military offering (source: PCDataOnline).
As part of a growing strategic relationship, Military.com entered into agreements with Washingtonpost.Newsweek Interactive and Comprint Military Publications, both owned by The Washington Post Company.
The company also signed strategic partnerships with three financial services groups: Armed Forces Benefit Association (AFBA), Pentagon Federal Credit Union and Bankrate.com.
"These partnerships follow on the heels of a strategic investment by A&E Television Networks and support our plans to supply a broad range of high-quality products and services," said CEO Christopher Michel. "Our commanding lead in the market can be traced to our understanding of active duty and veteran audiences and to our alliances with best-of-breed partners."
Agreements with Washingtonpost.Newsweek Interactive and Comprint Military Publications
Military.com provides Washingtonpost.Newsweek Interactive and Comprint Military Publications with Internet applications such as the Personnel Locator and Definitive Military Search capabilities. In exchange, Military.com receives content from Comprint's base guides and extensive network of base newspapers. This content supplements Military.com's original daily news offering and will be featured in Military.com's 500,000-circulation weekly newsletter -- the largest e-mail newsletter for the military market.
New Financial Services Agreements
In partnership with AFBA, Pentagon Federal Credit Union and Bankrate.com, Military.com will offer a suite of offerings, including low-cost insurance, loans and investment services. Military.com also features tools and information for making informed choices on money matters.
"The partnerships announced today are the beginning of a series of powerful alliances to provide members of the military community with solutions that meet their needs," said Michel.
About washingtonpost.com
washingtonpost.com (www.washingtonpost.com) is an award-winning news, information and entertainment resource on the World Wide Web. Local, national and international users look to washingtonpost.com as the source of The Washington Post online. The site offers the day's Washington Post, breaking news coverage and extensive original news content, as well as a growing suite of cultural, community and commerce services that make it the definitive guide to Greater Washington. washingtonpost.com is published by Washingtonpost.Newsweek Interactive, The Washington Post Company's new-media and electronic-publishing subsidiary.
About Comprint Military Publications
Comprint Military Publications is the nation's largest Civilian Enterprise publisher of military community newspapers, with weekly newspapers serving installations throughout the National Capital Region. Comprint also publishes military installation guides and maintains a Web site, dcmilitary.com, for its regional publications. Comprint is owned by The Washington Post Company.
About Armed Forces Benefit Association
Armed Forces Benefit Association (AFBA) was formed on February 1, 1947 and offered group life insurance to Army and Air Force active duty officers serving overseas. The mission of the Association was to provide life insurance coverage during peace and war. Membership in AFBA today is available to military personnel of all ranks (active, retired, Guard and Reserve) and federal civilian employees, as well as current and former dependants of both. In March 1989, AFBA Financial Services Company was formed to bring financial services to AFBA's members. The AFBA Bank (A Colorado State Industrial Bank) was established in 1990 as a subsidiary of AFBA Financial Services Company. The AFBA Bank has many excellent products available. Its credit card program (classic or gold, MasterCard® or Visa®) continues to be ranked among the best in the nation.
About Pentagon Federal Credit Union
Pentagon Federal Credit Union provides market-leading financial services to Army and Air Force personnel, Department of Defense employees and contractors, and their families worldwide.
About Bankrate.com
Bankrate.com is the Web's leading aggregator of financial rates and reporters of financial information. Bankrate.com provides the tools and information that can help customers make the best financial decisions.
Bankrate regularly surveys some 4,000 financial institutions in 50 states to provide members with the most current objective, unbiased rates on banking products such as mortgages, new and used auto loans, credit cards and more. Hundreds of print and online partner publications depend on Bankrate.com as the trusted source for financial rates and information.
Since an online debut in 1995, Bankrate.com won numerous awards and accolades for rate collection and distribution, and original editorial content. In the first half of 2000 alone, financial stalwarts such as Forbes, Fortune and SmartMoney granted Bankrate "Best of the Web" status. These are in addition to the awards from Yahoo! and Money Magazine and the numerous other Web sites and print magazines who have recognized the high quality and usefulness of Bankrate.com over the years.
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