Consumer Financial Network Inc. -- CFN -- Launches Real Estate Cash-Back Program.

ATLANTA--(BUSINESS WIRE)--March 9, 1999--Consumer Financial Network Inc. (CFN) today announced it has launched its Real Estate Cash-Back Program as its newest product offering to employees of member corporations.

This program was designed to provide real estate dividends to consumers purchasing or selling homes, and to offer managed relocation services that have typically been available only to corporate executives.

CFN is a sophisticated e-commerce platform for marketing financial services and employee benefits over corporate intranets and the Internet, as well as through a telesales center.

This program was added to CFN's broad base of offerings to complement the company's homeowners insurance, mortgage, and home-equity loan programs, according to Robert Westfall, CFN's national director of mobility services. Westfall stated that at the closing of the real estate transaction, the dividend portion of the benefit returns $5 to consumers for every $1,000 of the home's selling price or $5 for every $1,000 of the purchase price when a referral is made by a qualified network broker.

The managed relocation portion of this benefit matches professionally qualified real estate brokers and agents who may best meet the needs of the consumer. "Expert marketing assistance is an integral part of the cash-back program," said Westfall. "The consumer now has an advocate in the buying and selling process."

Westfall stated that a move by an employee may qualify if it involves the selling or purchasing of a home and meets the limited qualifications of the program. For example, the move may be across the street or to another state, and may apply to a first or second home purchase or sale. The program is also portable; employees who leave their company can continue to use and receive the benefits of the CFN program whenever they buy or sell a home.

Meridian Mobility Resources Inc., a full-service relocation management company, will work with CFN in offering the program to corporate employees. According to Patrick Glynn, vice president of marketing and account development for Meridian, the company views CFN as a visible strategic partner through which Meridian may market its employee benefits-related real estate assistance programs. "The opportunity for Meridian to expand its client base through CFN's offering is highly appealing to our company," said Glynn. "Our commitment to excellence is reinforced by our association with CFN, and we look forward to a long and rewarding relationship with them."

Meridian Mobility Resources Inc. is headquartered in Naperville, Ill. It is a member of the $4 billion NFC family of logistics and moving services companies, and was founded to address the increasingly complex needs of today's mobile workforce.

CFN, a subsidiary of iXL Enterprises Inc., has contracted with competing providers of financial services and employee benefits to create a platform for the comparison-shopping and purchase of these services. CFN is provided at no cost to large companies and associations (typically 5,000 or more employees) for distribution as a human resource benefit to their employees or members.

For more information, view CFN's Web site at www.cfn.com