X/NET ASSOCIATES' CREDISPHERE® NOW SUPPORTS MORE THAN THIRTY EXTERNAL SERVICE INTEGRATION OPTIONS

Fairport, New York -- January 10, 2003 - X/Net Associates, Inc. (X/Net), a high-end software technology provider to the financial services industry, announced today that its CrediSphere credit origination suite now supports over thirty external service integration options.

"Our goal is to help lenders reduce total cost of ownership (TCO) by ever-increasing integration options within a best-in-class loan origination suite. The lender with the most streamlined workflow will provide the fastest turnaround time and benefit from increased profit," said Gregg Olin, CEO and President, X/Net Associates. "Our history in financial services technology taught us that lending institutions struggle with disparate data sources and need a credit origination system with superior integration capabilities. We built CrediSphere to meet this need."

CrediSphere provides external service integration throughout every step of the lending process: application data entry, credit bureau access, automated and judgmental decisioning, host system and database access and notification. External services available with CrediSphere include consumer and dealer web access, credit insurance calculations, automotive vehicle valuation services, credit bureau services, voice lending systems, flood, property search and AVM services, CRA and HMDA analysis and data reporting systems, host systems, electronic documents, and reporting systems. New external service options are continuously being added.

CrediSphere, powered by X/Net's proprietary MetaSageŽ application and integration server, is the market leader in providing customer selected, multiple, integrated external services directly into the credit processing workflow. This best-in-class solution offers highly secure, native WAN and Internet communications, eliminating the cost and maintenance of middleware while using minimal bandwidth. With this highly scalable system, users can connect from the back office, remote branches, call centers, or over the Internet. CrediSphere for retail lending provides complete credit origination processing including multi-channel data entry or capture, the most flexible product and policy development, multiple forms of automated and manual decisioning by product, multiple insurance and cross-sell features, multiple integrated document processing and delivery, and more than thirty directly integrated external services. CrediSphere for retail lending supports secured and unsecured, open- and closed-end, installment and revolving products within direct, indirect, credit card, revolving credit and home equity credit product types.

About X/Net Associates, Inc.
X/Net Associates, Inc. is an innovative software technology and integration firm. X/Net provides complete software solutions within the financial services market. The company's products include CrediSphere, a next-generation, universal credit origination suite, and MetaSage, the proprietary application/integration server platform. The company is headquartered in Fairport, N.Y. For more information, contact X/Net at 585-425-7047 or 888-GET-XNET or visit the company's website at www.xnai.com.

Media Contact:
Rick Hughes, X/Net Associates, Inc.
Tel: (585) 425-7047
Fax: (585) 425-2455
Email: rhughes@xnai.com