Clark/Bardes' Free BOLInet.com Site Increases Bank Productivity.

Business Editors

BARRINGTON, Ill.--(BUSINESS WIRE)--Sept. 20, 2000

Clark/Bardes Holdings Inc. (NASDAQ: CLKB), a national executive compensation and benefit consulting firm, recently launched the industry's first online service that will help banks more effectively manage bank-owned life insurance (BOLI) programs, which are used to finance employee benefit plan expenses. Located at www.BOLInet.com, the Web site will be available free of charge to Clark/Bardes clients and non-clients alike, and will allow banks to view and analyze their total BOLI portfolio in one consistent, uniform, flexible format--a real boon to management.

"Banks invest in BOLI to finance their employee benefit plan expenses utilizing the product's advantageous tax benefits," said Tom Wamberg, chairman and CEO, Clark/Bardes Holdings, Inc. "Until now, however, administering the product was a timely and complicated task, involving reports and paper trails from various carriers and administrators. With our BOLInet.com Web site, what used to take hours to page through now only requires the click of a button to consolidate reports and charts in an easy-to-view format."

The benefits of BOLInet.com include:

-- It provides fast, convenient access to information. Currently, banks receive
independent BOLI reports from one or more carriers, with varying formats and
timing, which require manual compilation. BOLInet.com gathers and organizes
plan information from the carriers automatically.

-- The data is easy to view with a customizable "dashboard" allowing banks to
monitor the information that is most important to them.

-- BOLInet.com allows bank administrators to create customized reports through
its "Ad Hoc Reporting" tool. Banks can analyze the data in a variety of ways,
depending on their needs, and print thorough reports with charts and graphs.
Data may also be downloaded into a variety of formats--including Excel, Notes,
and Word.

-- BOLInet.com seamlessly integrates with BOLIauction.com, Clark/Bardes' online
BOLI purchasing site, offering access to top carriers while lowering overall
costs and increasing time savings.

The Web site is currently being offered on a first-come, first-served basis. Interested banks can contact John W. Loomis, regional director at Clark/Bardes, at 1-800-597-7976 for more information.

Founded in 1967, Clark/Bardes Holdings (NASDAQ: CLKB) is a national firm with expertise in executive benefit design, funding and plan administration. With more than 2,800 corporate, healthcare and banking clients, the company's primary purpose is helping companies keep their best people. Additional information about the company can be found at www.clarkbardes.com.