NEWS RELEASE

Myers Internet, Inc. Forms Strategic Alliance With Provident Funding

"Free" web sites now available to mortgage brokers

SAN JOSE, Calif., Feb. 24, 2000 –– Myers Internet, Inc., a leading Internet Web development firm in the mortgage industry, announced today that it has entered into a strategic alliance with Provident Funding, one of the largest wholesale lenders in the United States.

Under the agreement, mortgage brokers purchasing a Web site template from Myers will be provided coupons worth the price of the site on loans funded by Provident Funding. For example, brokers who purchase a $1,995 Web site will be provided with eight $250 coupons. Provident will offer an additional rebate of $250 per loan for each coupon submitted by brokers, effectively reimbursing brokers for the cost of their Web sites.

``We want to arm every mortgage broker with a Web site, and our goal is to host 12,500 sites by 2003,'' said Warren Myer, CEO of Myers Internet, Inc.. ``Provident Funding shares a common vision with us to empower the mortgage broker. Unlike many of the online players who are trying to eliminate them, both Myers and Provident are working to provide brokers with the technology they need to continue to be the lowest cost producer.''

``We researched vendors that provide Internet services and selected Myers because we believe their products position them to capture a dominant share of the mortgage broker Web site market,'' said Craig Pica, CEO of Provident Funding. ``We strive to position ourselves as the low price leader in the industry that is committed to the success of mortgage brokers. By helping brokers pay for their Myers Web sites, we will help them increase their market share on the Internet.''

``Both Provident and Myers firmly believe that the mortgage broker is going to increase their market share over the next five years,'' said Myer. ``I believe that this arrangement will virtually eliminate brokers' barrier to entry into the Internet market, leading to a 90 percent market share of mortgage originations for brokers by 2005.''

About Provident Funding

Currently licensed in 49 states and the District of Columbia, Provident Funding serves its 8,000 mortgage broker clients through 25 branch offices. Based on data compiled from National Mortgage News, Provident Funding is the 22nd largest mortgage originator in the United States.

For more information on Provident Funding, call (650) 652-1300, email dpica@providentfunding.com, or write Provident at 1633 Bayshore Highway, Suite 150, Burlingame, CA 94010.

About Myers Internet, Inc.

Myers Internet, Inc., a division of Myers Internet, Inc., is a leading Internet Web development, hosting and marketing firm in the mortgage industry. They offers Web sites to mortgage bankers, brokers and banks throughout the United States. Myers currently hosts more Web sites in the mortgage industry than any other company and was ranked as the largest Web development firm in Silicon Valley by Silicon Valley Business Journal earlier this year. Their premier Web sites, Mortgage-Net (www.mortgage-net.com), BestRate (www.bestrate.com) and Loanapp.com are some of the best-known mortgage related Web sites. BestRate.com was recognized by Forbes and Newsweek as a ``Best of the Web'' mortgage site, while Mortgage-net.com was selected by CNBC as the ``Cool Site of the Day.'' Myers also was instrumental in the creation of LoanApp.com, one of the leading multi-lender web sites featuring over 200 lenders and brokers.

For more information on directories or Web sites, contact Myers Internet, Inc. at (408) 428-9960, visit their Web site at www.myersinternet.com, email sales@myersinternet.com, or write Myers Internet, Inc., 2160 Lundy Avenue, Suite 128, San Jose, CA 95131.

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