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HomeCom Partners with AlternetWorx, Inc. to be the Exclusive Provider of Insurance Products.

ATLANTA--(BUSINESS WIRE)--Aug. 10, 1999--

InsureRate(TM) to Deliver Insurance Offerings through

Passport-to-Wealth(TM)

HomeCom Communications, Inc. (NASDAQ SmallCap: HCOM), a provider of Internet software solutions for the financial services industry, announced today that a wide-reaching agreement and marketing alliance has been made with AlternetWorx, Inc. to be the exclusive provider of online insurance services for Passport-to-Wealth(TM), the first fully interactive "live" benefits and resource membership program.

Passport-to-Wealth, scheduled to go "live" on August 11, 1999, offers both generic and private-branded benefits programs that include a comprehensive menu of services geared to reducing family costs, increasing wealth and providing greater lifestyle choices. Using proprietary technology, the site delivers a wide spectrum of discounted services, with options such as medical, psychological, financial and legal hotline counseling. In its retail package, Passport-to-Wealth will be marketed under its own brand as well as under private branding, both as a retail product and as a comprehensive employees benefits product. InsureRate will be the exclusive provider of insurance services and products to the members.

According to Howard Cracower, president and CEO of AlternetWorx, Inc., "We are pleased to announce a strategic alliance with HomeCom. As a leader in the field of Internet technology, HomeCom will represent a key component in the provision of financial services to Passport-to-Wealth members. The demand for `corporate-plan' pricing in financial, insurance and brokerage services will now become an accessible reality for our members and their families. HomeCom's product and technological expertise will allow them to zero in on the `best case' solution, and strip away the unnecessary layers of excess commission, providing greater value for our members' hard-earned dollars."

According to Dan Delity, president and CEO of HIFS, formerly First Institutional Marketing, Inc., "Passport-to-Wealth surpasses any member affinity program available today.

We believe that it will provide its members with sound saving and investment strategies as well as substantial discounts on major lifestyle expenditures."

About Passport-to-Wealth(TM)

Passport-to-Wealth is owned and operated by AlternetWorx, Inc. With offices located in Buffalo, New York and Toronto, Ontario, AlternetWorx and its sister companies have been providing "one-on-one" financial and business telephone coaching since 1991. Backed by a multi-million dollar "state-of-the-art" fully redundant SONET based fiber network, AlternetWorx offers unsurpassed 24x7 day customer and member support.

The company employs highly sophisticated proprietary delivery mechanisms integrating Interactive Voice Response, Internet and database extraction technology to allow its members to connect live to a wide variety of service providers, through a single number connection. The company's Web site is located at www.passporttowealth.com.

For more information, contact Howard Cracower at (800) 720-2366 or email howard@passporttowealth.com.

About HomeCom

HomeCom Communications, Inc. specializes in Internet application solutions for the financial services market, providing all of the professional services and technology necessary to develop and integrate an online marketplace. In addition, HomeCom offers several products and services designed for e-commerce in the financial services industry, which includes Personal Internet Banker(TM) (PIB), Harvey(TM), InsureRate(TM), and its Internet Security Services Division. HomeCom has been cited by experts as being in the top ranks of Web developers and e-commerce experts from sources such as Ziff Davis, Fortune and many others.

For more information about this announcement or HomeCom, call Carolyn Hall at (888) HOMECOM ext. 186 or visit the company's Web site at www.homecom.com. For investor relations call (888) HOMECOM ext. 122 or IR@homecom.com.

NOTE TO EDITORS: Certain of the statements included in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. The Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from those expressed in these forward-looking statements.
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 10, 1999
Words:632
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