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Quotesmith.com Announces Agreement to Power Online Insurance Offerings For Zions Bank

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 12/08/2003


Quotesmith.com Announces Agreement to Power Online Insurance Offerings For Zions Bank

DARIEN, IL (December 8, 2003) -- Quotesmith.com, Inc. (Nasdaq SmallCap: QUOT) has today announced that it has been chosen by Zions Bank, a subsidiary of Zions Bancorporation (Nasdaq: ZION), to provide online insurance and related fulfillment services. Terms of the agreement were not disclosed. Zions Bancorporation ranks among the top 50 banks in the United States by asset size.

Zions Bank is Utah's largest financial institution, and is the only local bank with a statewide distribution of branches, operating 125 full service branches throughout Utah. Zions Bank also operates 22 full service branches in Idaho, and more than 200 ATMs throughout Utah and Idaho. In addition to a wide range of traditional banking services, Zions offers a comprehensive array of investment, mortgage, and insurance services, and has a network of loan origination offices for small businesses nationwide.

Instant life and health insurance quotes from more than 200 top-rated insurance companies are immediately available at www.zionsbank.com.

"We are thrilled that Zions Bank has chosen Quotesmith.com to power this online insurance offering," said Quotesmith.com chairman and CEO, Robert Bland. "Now every Zions Bank customer can have a fast, simple, money-saving experience when it comes to shopping for life and health insurance."

"Quotesmith.com has a terrific, proven e-commerce platform that will enable our customers to shop the insurance markets in seconds and save money on every purchase," remarked Scott Anderson, president and chief executive officer of Zions Bank. "We are constantly screening new services to provide greater value for our customers. As part of this decision process, we liked the fact that Quotesmith.com has a 19-year track record, a truly unbiased online technology that's easy to use, and an obsessive customer-comes-first attitude that fits well with our culture here at Zions."

About Quotesmith.com

Quotesmith.com owns and operates a comprehensive, unbiased online consumer insurance information service at www.insure.com . Visitors to the Company's Web sites are able to obtain instant quotes from more than 200 leading insurers, achieve maximum savings and have the freedom to buy from any company shown. Insure.com also plays home to over 3,000 originally authored articles on various insurance topics and also provides consumer insurance decision- making tools that are not available from any other single source. Quotesmith.com also provides personalized insurance brokerage and policy placement services for its customers. Shares of Quotesmith.com trade on the Nasdaq SmallCap Market under the symbol "QUOT."

 

Cautions about Forward-Looking Statements

This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement also contains forward-looking statements about events and circumstances that have not yet occurred and may not occur. These forward-looking statements are inherently difficult to predict. Expressions of future goals and similar expressions including, without limitation, "intend," "may," "plans," "will," "believe," " should," "could," "hope," "expects," "expected," "does not currently expect," " anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue. The Company will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, Quotesmith.com's ability to successfully launch and realize revenues from new products and services, potential business risks associated with generating revenues from the insure.com platform, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce and risks associated with capacity constraints and the management of growth. More information about potential factors that could affect the Company's financial results are included in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2003, which is on file with the United States Securities and Exchange Commission. Quotesmith.com, insure.com, LTCompare and QuotesmithPro are service marks of Quotesmith.com, Inc. All other names are trademarks of their respective owners.

SOURCE Quotesmith.com, Inc.

 

CONTACT: Bill Thoms, Executive Vice President,
                 (630)515-0170, ext. 202, bthoms@insure.com

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