Money.net Partners with Telescan to Redistribute Streaming, Real-Time Portfolio Tracker; Leading Application Generates Unprecidented Usage Patterns.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 16, 2000

Money.net (http://www.money.net), the company that introduced to the market the first real-time stock portfolio tracker available for free on the Internet, today announced the signing of an agreement with Telescan, Inc. (Nasdaq/NM:TSCN), the leading provider of financial tools and analytics on the Internet, to redistribute Money.net's streaming, real-time portfolio tracker, the Screamer II, to Telescan's third-party customers as a value-added analysis product.

Money.net's Screamer II has unparalled usage patterns - as high as 240 minutes per user session. The Java(TM)-based streaming real-time portfolio tracker allows users to monitor and chart up to 105 Nasdaq and NYSE traded securities in seven dynamically updated portfolio lists. Each portfolio list can be customized to provide over a dozen indicators from 25 fields of data, including percent change, bid, ask, gain/loss, earnings per share, P/E ratio and dividends. In addition, users can stay informed of breaking headlines through scrolling news within the portfolio.

"Our real-time portfolio is the best on the market and we're excited that Telescan agrees," said Harold Van Arnem, chief executive officer of Money.net. "The demand for real-time information in this economy is huge, and Money.net has the ability to provide the finest in real-time financial products. Partnering with companies like Telescan is a key factor in helping Money.net evolve into a leading real-time financial application service provider."

"Our commitment to our partners is to provide them with the best analytics available on the market. We chose Money.net because they have the most advanced product. Streaming real-time data is the next logical evolution in portfolio tracking. By combining streaming, real-time data analysis with personalization, investors have an added level of flexibility in managing their assets.," said Lee Barba, chief executive officer of Telescan.

About Money.net:

Money.net was a pioneer in the streaming real-time quote market. The company was the first to offer the real-time tracker to its users on their full service personal finance super-site and now functions as an application service provider (ASP), licensing its streaming real-time products to other web-based businesses. The streaming products have unparalleled usage patterns: as high as 240 minutes per user session. Money.net offers original content, the best financial information and tools allowing investors to make smarter investment decisions and has strategic marketing agreements with TD Waterhouse (NYSE: TWE), InsWeb (NASDAQ: INSW), DirectAdvice, Creditland, Paytrust.com, Webhelp.com and Yodlee.com. The site has been written about in USAToday.com, Money Magazine, The Wall Street Journal Interactive, The Christian Science Monitor, The New Yorker, Online Investor magazine, Information Week, Barrons, Media Week, Ad Age, PC World and PC Week.

Headquartered in New York City, Money.net is privately held. For more information visit www.money.net.

About Telescan, Inc.

Houston-based Telescan (http://www.telescan.com) is an industry leader in providing Internet services to the financial industry and proprietary analytics and content to individual investors. Telescan's Consumer Division, based in Menlo Park, California, manages a collection of Web sites, including INVESTools.com and WallStreetCity.com, with the common goal of simplifying and enriching the investing consumer's financial life. The group manages more than 1.2 million active users and more than 50,000 paying subscribers. Revenue is generated through both advertising and subscription sales. Telescan also provides Internet services via private-label and co-branded versions of its proprietary Internet technology to many of the nation's leading financial services and media companies, including America Online, American Express, CNBC.com, Fidelity Investments, Forbes, GlobalNetFinancial, Quick & Reilly and Time Inc. New Media (Fortune).

Telescan recently announced the signing of a definitive merger agreement with GlobalNetFinancial.com Inc. (NASDAQ: GLBN) (LSE: GLFA) to form a vertically integrated, world class, global B2B and B2C money and Internet company.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements could be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. These include uncertainties in the market, competition, legal, success of marketing efforts and other risks detailed from time to time in the company's SEC reports. The company assumes no obligation to update the information in this release.