CyberLoan.com and Sitesnet.com Sign Letter of Intent; Strategic Partnership Targets Retail-Construction Loan Market.

Business Editors

DENVER--(BUSINESS WIRE)--March 21, 2000

CyberLoan.com, the United States' largest aggregator/processor of online commercial real estate loan applications, and Bellevue, Wash.-based Sitesnet.com, the Internet's premier provider of demographic analysis and retail site selection analytics, today announced that they have signed a Letter of Intent to jointly pursue the online retail-construction loan market.

Pursuant to the agreement, the companies will combine CyberLoan.com's paperless loan processing systems with Sitesnet.com's development site analytics to create extremely comprehensive retail-construction loan packages. While such packages normally cost several thousand dollars and take weeks to prepare, the CyberLoan/Sitesnet system will complete the packages instantly, for less than $100. In addition, the system analyzes the packages against the underwriting criteria of more than 400 lenders, matches the packages with the correct lenders, and then electronically transmits the packages to those lenders via the Internet.

According to Spencer Kluesner, CyberLoan.com's chief executive officer: "Sitesnet is the only economical source of the data necessary to complete a retail-construction loan package online. Unless the landscape changes radically, CyberLoan.com and Sitesnet.com will have a virtual lock on this segment of online commercial real estate loan processing."

Founded in 1989 as DataMerge, Inc., CyberLoan.com develops web-based, fully automated loan application, processing, underwriting, and closing systems for a number of lending submarkets, including commercial real estate, manufactured housing and multi-family housing. The company's online system for commercial real estate loans, CyberLoan R/E, became the first electronic lending system -- commercial or residential -- to process over $1 billion in loan applications in a single month, which it did in July 1999. CyberLoan R/E, which is used by more than 400 lending institutions, eliminates up to 70 percent of the lender's expenses.

Borrowers can access CyberLoan.com's systems through the company's website at www.cyberloan.com or by visiting websites of lenders that have licensed the CyberLoan technology. The company is led by Kluesner, who recently added key members to CyberLoan.com's management team, including the former national director of business development for Fannie Mae (NYSE:FNM
FNM Free National Movement (Bahamas)
FNM Foot and Mouth ).

Sitesnet.com is the Internet's premier tool for locating, viewing, presenting, listing and researching sites for commercial development, relocation, lending, and investing nationwide. The company's roster of blue chip clients includes developers such as Opus NW and Koll, and retailers such as AMC Entertainment Inc. (AMEX:AEN), Best Buy (NYSE:BBY), Circuit City (NYSE:CC), Gap Inc. (NYSE:GPS), and Toys R Us (NYSE:TOY).

Sitesnet.com is led by its founder and chief executive officer, Conrad Vernon, who has recruited a very talented and well-respected board of directors, including Yves Mizrahi, director of retail services for CB Richard Ellis, and John Solberg, president of Opus NW.

For more information about CyberLoan.com call [phone] or visit www.cyberloan.com.

For more information about Sitesnet.com call [phone] or visit www.sitesnet.com.