---

Loanfirst.com Secures $7 Million in Funding to

12 April 2000

Loanfirst.com Secures $7 Million in Funding to Launch Auto Lending Business-to-Business Exchange

    AUSTIN, Texas, April 12 Austin, Texas-based metamediary
Loanfirst.com announced today it has secured $7 million in its A round funding
from SSM Ventures, Center Point Ventures, Vortex Partners and Techxas
Ventures.  Loanfirst.com provides a business-to-business marketplace that
connects local and national indirect lenders and auto dealers, offering the
dealers a variety of loan options for their customers.  The announcement marks
the second round of funding for Loanfirst.com.
    "Loanfirst.com offers a promising combination of a first class management
team and leading technology," said SSM partner Bill Harrison.  "Additionally,
theirs is an innovative business model in a space that is not currently being
served."
    Over $300 billion in indirect automobile loans are originated annually.
However, this marketplace is still driven primarily by fax machines and
personal relationships.  Loanfirst.com enables dealers to apply online for
indirect loans and receive multiple financing options in as little as
30 seconds.
    "The indirect lending marketplace is extremely fragmented," said
Loanfirst.com CEO Jon Nelson.  "Further, the way dealers and lenders are
currently transacting business begs for a solution that can streamline the
process and improve productivity.  Loanfirst.com is that solution."

    About Loanfirst.com
    Loanfirst.com connects auto dealers and lending institutions to enable
faster loan decisions and increased cost-efficiency.  The company's first-to-
market metamediary business model delivers 30-second loan approvals from
lenders to dealers and provides lenders direct and cost-effective access to
the lucrative and fragmented automotive dealer market.  Loanfirst.com is based
in Austin, TX.  Additional company information can be found at
http://www.loanfirst.com.

    About the Metamediary Business Model
    Metamediaries connect suppliers and buyers.  They facilitate the on-line
business-to-business marketplace by providing a range of services surrounding
transactions.  Metamediaries increase operational velocity, market liquidity
and product liquidity.  According to a Bear Stearns report, metamediaries will
be responsible for the sale of $438 billion of B2B transactions 2003.
Additionally, their presence will result in $57 billion in operations cost
savings.

     CONTACT:  Marti Beair              Jon Nelson
               TateAustin               Loanfirst.com
               512-344-2052             512-891-6687 ext. *817
               mbeair@tateaustin.com    jnelson@loanfirst.com