X/Net Associates Releases CrediSphere® for Small Business and Expands the CrediSphere Family of Lending Products

Fairport, New York -- April 17, 2003 - X/Net Associates, Inc. proudly announces the next generation of small business lending systems, extending the universal credit origination family of products known as CrediSphere. With the release of the CrediSphere for Small Business lending suite, customers can take advantage of X/Net's unique lending product aggregation strategy by unifying both consumer and small business credit origination functions within one best-in-class system.

In keeping with the Company's customer-focused Total Cost of Ownership (TCO) reduction objective, the market now has a single loan origination system that handles all forms of consumer and small business lending. Institutions that require best-in-class solutions for their credit origination needs are able to have total customer visibility to all lending products being offered or cross-sold.

Beginning with Term Loans and Lines of Credit, and including Business Cards, Trade Credit, and Leasing, CrediSphere for Small Business lending complements the Consumer lending suite of installment (secured, unsecured), revolving, credit card, and home equity lending product types for both direct and indirect lenders.

CrediSphere is designed to reduce costs, minimize fraud, increase revenue, improve processes, and most importantly, increase profitability for customers. Containing the familiar look and feel of CrediSphere for Consumer lending suite, the Small Business suite is a natural extension. X/Net has more than thirty external services integrated within CrediSphere, and will continue to meet customers' future needs by extending the external services tree for Small Business lending. CrediSphere is the only solution specifically designed to provide the customer with the most flexible choice and cost-control options with regard to all third-party data and service providers. X/Net plans on adding Retail and Commercial Mortgage suites to round out the Company's progressive offerings.

CrediSphere, powered by X/Net's proprietary MetaSage® 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 Consumer and Small Business 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 more than thirty directly integrated external services.

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