3d Text Maker - Make your own animated text/banner.

Atomic Arts - Free custom made buttons and banners. They make some really nice stuff!

CinnaBan Banner Exchange - CinnaBan is a free banner exchange from Cinnamon Interactive. With CinnaBan you can advertise for your site for free - the only thing you have to do, is to place a banner on your site, using the HTML code you will get
when you sign up! In order to be a member you will also need to have a banner (the one that will be shown in the network). The banner must be a GIF-image in 400x40. The credits system that we use is 3:2. That means that for every third visitor that loads the CinnaBan banner on your site, you have earned two credits. One credit is one exposure of your banner.

BannerCreator- Another easy to use online banner creation services.

The Banner Generator - Now this is cool. You can make your own free banners with their templates.

BannerSwap - Another banner exchange program with a 2 to 1 ratio.

Cool Text - Another banner and logo creation site. Also very nice.

Feature Presentations - This is a free Banner Advertising Network designed to help
promote your site! Members receive 100% automated advertising to your targeted
audience with 5 Ratings and 1000 Free credits!

Link Exchange - The best, biggest, and most reliable banner exchange service on the web. they offer a 2 to 1 ratio.

Net Studio - Create banners, buttons and photos with this online banner creation service.  Very nice and easy to use.

Quickbanner - This is a Free on-line Banner Creation Program. Kinda cool.

RLCS Banner Exchange - RLSC Network Banner Exchange gives you free advertising all over the web, but unlike all of the other banner exchanges we give you a 1:1 ratio, meaning everytime you display someone else's banner you get yours displayed somewhere, we are the first to offer this ratio!

Safe Audit - Earn money from banner advertising through SAFE Audit! Choose the advertisers and banners you think will earn the best rates. Get paid per click, per lead, or per sale.

Web GFX - Make your own custom banners and logos. This is a very nice site.