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MCLEAN, Va., Oct. 6 /BUSINESS WIRE/

Online Resources & Communications Corp. (ORCC--Nasdaq), a leading provider of Internet banking services, announced it passed a milestone last month: the signing of its 400th financial institution.

The milestone marks another chapter in the company's strong growth. Its client roster has grown from only 64 institutions less than three years ago, and its end-user count has more than doubled in the last six months to more than 100,000 transactional end-users.

"Four hundred clients is certainly reason to celebrate," said CEO Matthew P. Lawlor. "And we are well-positioned for additional growth in transactional end-users as we're just beginning to tap the 8 million checking account customers our clients have."

Lawlor added that he believes the need to compete on the Internet has never been more intense for the company's targeted market. "There are 22,000 regional and community financial institutions with approximately two-thirds of the U.S. consumers' deposited funds. Many of these institutions are looking for an Internet solution. So there's plenty of room for Online Resources to grow."

Online Resources & Communications Corporation ( http://www.orcc.com ) is a leading outsourcer of privately-branded Internet financial services for regional and community banking institutions. The McLean, Virginia-based company has 400 institutional clients nationwide. The company provides consumer bill paying and banking services, and aggregates lending, insurance, securities trading and investment services. Online Resources performs real-time processing through its patented EFT gateway and full customer service for client institutions, giving them a comprehensive "hub" solution from a single vendor. Client consumer marketing programs are conducted under the bankonline.com co-brand.

This news release contains statements about future events and expectations, which are "forward-looking statements." Any statement in this release that is not a statement of historical fact may be deemed to be a forward-looking statement. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the company's history of losses and anticipation of future losses; the company's dependence on the marketing efforts of third parties; the potential fluctuations in the company's operating results; the company's potential need for additional capital; the company's potential inability to expand the company's services and related products in the event of substantial increases in demand for these services and related products; the company's competition; the company's ability to attract and retain skilled personnel; the company's reliance on the company's patents and other intellectual property; the early stage of market adoption of the services it offers; consolidation of the banking and financial services industry; and those risks and uncertainties discussed in filings made by the company with the Securities and Exchange Commission, including those risks and uncertainties contained under the heading "Risk Factors" in the company's Registration Statement on Form S-1 as filed with the Securities and Exchange Commission.