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Lendingtree Signs Exclusive Agreement With eCoverage

9 August 2000

eCoverage to Be Exclusive Provider of Auto Insurance on LendingTree Marketplace

    CHARLOTTE, N.C. - LendingTree , a leading online loan marketplace and loan 
exchange technology provider, today announced that the Company has signed a one-
year agreement with eCoverage, an Internet company which focuses on making every 
aspect of insurance efficient and easy.  eCoverage will be the exclusive 
automobile insurance provider available through LendingTree.com.  Consumers who 
submit an automobile loan inquiry to LendingTree.com will have the ability to 
connect easily with eCoverage for automobile insurance.  Terms of the deal were 
not disclosed.

    "We are excited to work with eCoverage and to offer our consumers an
insurance product that is directly related to the underlying loan, in a
convenient and user-friendly manner," said Doug Lebda, CEO and founder of
LendingTree.  "eCoverage's commitment to speed and simplicity compliments the
LendingTree model perfectly."

   "eCoverage has simplified all aspects of the insurance process, From Quote
to Claim(sm) while LendingTree facilitates the loan process, from inquiry to
offer.  The partnership is a natural one," said David Riker, founder and chief
development officer of eCoverage.  "Partnering with LendingTree presents an
ideal opportunity to link our services with a premier lending organization and
provide coverage that compliments the simplicity of the loan process."

    About LendingTree, Inc.

    LendingTree is the Internet-based loan marketplace for consumers and
lenders.  LendingTree collects consumer credit requests and compares those
requests and related credit information to the underwriting criteria of more
than 100 participating lenders in the LendingTree marketplace.  Consumers can
receive multiple offers in response to a single loan request within hours and
then compare, review and accept the loan offer that best suits their needs.
Lenders can generate new business that meets their specific underwriting
criteria at reduced acquisition costs.  The LendingTree Marketplace
encompasses most consumer credit categories, including mortgages, home equity
loans, automobile loans, credit cards, personal loans and provides access to
small business loans.  

    About eCoverage

    eCoverage makes every aspect of insurance efficient and easy, offering its
customers the speed, simplicity, savings and service that savvy Internet
buyers have come to expect.  The company was the first to offer complete
quote-to-claim insurance online and the first to offer insurance products
developed exclusively for the Internet and its users.  eCoverage's
headquarters is located in San Francisco with an around-the-clock customer
service center located in Pleasanton, Calif.