FARM CREDIT SERVICES of AMERICA ENLISTS X/NET TO BRING PRODUCTS ONLINE

Lender to Provide Web-Based Loan and Lease Apps in February 2001

ROCHESTER, N.Y. -- November 28, 2000 - X/Net Associates has added Farm Credit Services of America (FCSAmerica) to the list of prominent nationwide lenders that are using its MetaSage® architecture and Web Front End product to bring lending and leasing services to agricultural equipment dealers and consumers via the Internet.

The agricultural lender plans to make its varied portfolio of products, including loans and leases for equipment, fixtures, vehicles, new construction, available via its web site in February 2001. X/Net's Web Front End will web-enable applications, networking with FCSAmerica's loan origination systems to automate application entry, approvals, and status-checking.

"The demand for financial and informational resources from our members is increasing," says Gregory Naughton, Director of Application Development, Farm Credit Services of America. " Our customers are becoming more familiar and comfortable with the convenience and opportunity e-commerce has to offer. Bringing our services to the Internet is just one more value-added service we can provide to strengthen our relationship with our customers."

"We matched FCSAmerica's needs with MetaSage's ability to tie together disparate products and systems into a cohesive, seamless experience for both the user and lending institution," says Gregg Olin, president, X/Net Associates. "It will also enable FCSAmerica to migrate these services easily, should they ever need to update or change key components of their systems."

The companies' relationship began with an engineering scoping study in summer 2000, which outlined strategic directions for FCSAmerica to consider as they moved their lending and leasing offerings online.

"We took that time to truly understand the company's processes, and formulate a strategy to get them where they wanted to be, within the timeframe they established," Olin says. "We're enjoying a true partnership with one of the strongest entities in agricultural lending."

Olin says that the next step, establishing loan applications online and automating leasing via FCSAmerica's web site, will be completed on schedule in February 2001.

"Offering our lending and leasing services online will benefit not only our external customers, but also our employees by increasing efficiencies in our processes," Naughton says.

Farm Credit Services of America finances the growth of rural America by providing farmers and ranchers with real estate mortgages, production loans, equipment and facility financing, and crop insurance. Agribusiness specialists serve the financial needs of large-scale, agriculture-related commercial enterprises. With headquarters in Omaha, NE, and 59 retail offices throughout Nebraska, Iowa, South Dakota, and Wyoming, FCSAmerica has assets of $5.6 billion.

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 has been a leader in completely integrated internet credit application processing solutions for all types of lending institutions since 1997. The company's products include CrediSphere™, a next-generation application for credit origination, and MetaSage®, the powerful underlying technology platform that is designed to handle all common B2B functional requirements. The company is headquartered in Fairport, N.Y., and also maintains an office in Columbus, Ohio. For more information, contact X/Net at 585-425-7047 or 888-GET-XNET or visit the company's web sites at www.xnai.com and www.CrediSphere.com.

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