FIRST AMERICAN BANK DEPLOYS X/NET ASSOCIATES' CREDISPHERE® for AUTOMATED CREDIT ORIGINATION

Fairport, New York -- March 14, 2002 - Fairport, New York - X/Net Associates, Inc. today announced that First American Bank, SSB (FAB), a $2.9 billion asset bank, has implemented X/Net's CrediSphere credit origination suite that will automate its retail consumer and small business credit delivery process. CrediSphere will give FAB a competitive advantage by supporting automated scoring, decisioning, notification, document preparation and cross-selling of a variety of credit products.

"FAB turned to X/Net to provide them with a complete credit origination solution. They chose CrediSphere for its ease of implementation and use and unparalleled functionality," said Gregg Olin, CEO and President of X/Net Associates. "We are thrilled to establish a leading position in the market by providing features and functionality previously unavailable in this space."

"CrediSphere will provide our customers with faster turnaround and allow us to continuously improve our credit quality, integrate new and existing systems and products, and give us the advantage we need to take a leadership position in the Texas banking market," said Keith Murray, Senior Vice President of First American Bank.

CrediSphere, powered by X/Net's proprietary MetaSageŽ application server, is the only solution available that provides a single, unified environment from which to process all types of credit applications regardless of where the user may be located -back office, remote branches or over the Internet. The system is highly customizable and has a browser-esque interface, making it easy to learn and use.

About First American Bank
First American Bank, SSB, one of the largest Texas owned and operated financial institutions, is a full service bank, serving personal and commercial customers. As of December 31 2001 FAB had assets of $2.9 billion. FAB has more than 70 locations throughout North Central and West Texas, and in Houston, Austin, Dallas and Bryan/College Station.

About X/Net Associates, Inc.
X/Net Associates, Inc. is a high-end software development and systems integration firm. X/Net provides complete software solutions within the financial, insurance and securities markets. The company's products include CrediSphereŽ, a next-generation, universal credit origination suite, and MetaSageŽ, the powerful underlying technology platform. The company is headquartered in Fairport, N.Y., and also maintains an office in Columbus, Ohio. For more information, contact X/Net at 888-GET-XNET or visit the company's sites at www.xnai.com.

Media Contact:
Rick Hughes
Tel: (585) 425-7047
Fax: (585) 425-2455
Email: rhughes@xnai.com