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Sharechat Launches Netbroker

PRESS RELEASE

FOR IMMEDIATE RELEASE

SHARECHAT LAUNCHES NETBROKER, A DISCOUNT ONLINE SHARE TRADING SERVICE

ShareChat ( http://www.sharechat.co.nz/ ), New Zealand's number one sharemarket chat and information website, today announced the launch of NetBroker, a discount online share trading service.

"NetBroker provides online trading at very competitive prices" says Benjamin Dutton, Managing Director of ShareChat Limited. "Considering our position as New Zealand's top sharemarket chat and information site, it was a natural progression for us to offer a discount trading service to our community."

NetBroker brokerage rates will make share trading cheaper for New Zealanders. Trades under the value of $10,000 have a flat rate of $29, with 0.1% on the amount in excess of $10,000. For only a small extra cost, NetBroker also allows trading on three business-days credit for those clients who want the extra flexibility of being able to trade without having funds on deposit.

"Some other Internet sharebrokers do not allow their clients to trade on credit", Mr Dutton said. "At NetBroker, we know that for serious traders, having a credit facility is a must, and this is why we are offering this service."

Trades will be processed by Direct Broking, a NZSE member.

Online trading has proved very popular overseas, and New Zealand is set to follow the trend. "More New Zealanders are realising that trading online is a cheap and powerful way to control their investments" says Mr Dutton. "NetBroker is the perfect trading service for these people."



NetBroker can be found at http://www.netbroker.co.nz/

About ShareChat

ShareChat is New Zealand's first discussion group and financial portal for sharemarket investors ( http://www.sharechat.co.nz/ ). Launched ten months ago, ShareChat's community has shown strong growth, providing substantial information and vibrant discussion on the New Zealand and overseas sharemarkets.

ShareChat has three areas where investors and traders can chat - an Email forum, online message boards, and a live irc room.

ShareChat also provides sharemarket articles, links to the major financial news stories, NZSE quotes, and other services for sharemarket investors.

For more information please contact:

Benjamin Dutton Managing Director ShareChat Limited bendutton@sharechat.co.nz http://www.sharechat.co.nz/ Phone: 64 (0) 3 374 5682 Fax: 64 (0) 3 365 3867 Mobile: 64 (0) 21 639 573 Post: PO Box 976 Christchurch 8001 New Zealand

ENDS


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