Pulaski Bank & Trust Leverages X/Net Associates' CrediSphere® for Consumer Lending

Fairport, New York -- September 9, 2003 - X/Net Associates, Inc. (X/Net) today announced that Pulaski Bank & Trust (Pulaski), a $375 million asset bank with nine locations, is expanding the use of X/Net's CrediSphere credit origination suite to further automate its consumer credit delivery process. In production since December 2002, for all of Pulaski's credit card processing, the customer is now migrating other forms of consumer lending to CrediSphere.

CrediSphere's unique design and best-in-class features are ideally suited for companies needing an enterprise-class credit origination system that will support their lending requirements from data entry through qualification, notification, closing and document delivery. In addition, CrediSphere allows for the integration of multiple data sources while reducing total cost of ownership.

CrediSphere's superior integration capability allows Pulaski to leverage customer data, streamline their workflow, and increase employee and system efficiencies. CrediSphere allowed easy integration with several external services such as Fair Isaac's (NYSE:FIC) LiquidCredit®, CognitiveDATA's IntelliMEMBER, and First Data Corporation's (NYSE:FDC) fulfillment systems. In addition, the CrediSphere system integrates with Pulaski's existing Internet banking system.

"As one of the first CrediSphere customers specifically looking for better automation regarding credit card processing, we are very pleased to have Pulaski Bank & Trust as a member of our growing family of forward-looking institutions embracing our vision and taking advantage of CrediSphere's unique ability to assist the customer in controlling their application processing costs," said Gregg Olin, CEO and President of X/Net. “Pulaski's decision to extend CrediSphere's use to other parts of their consumer lending business units exemplifies the value of our product aggregation strategy.”

"CrediSphere has increased our business unit's productivity and efficiency which will allow Pulaski Bank to pass additional savings on to the customer. This type of technology implementation allows us to continue to offer our customers excellent service and one of the lowest credit card rates in the country," said Rick Lynam, Senior Vice President of Pulaski Bank.

CrediSphere, powered by X/Net's proprietary MetaSage® application and integration server, is the market leader in providing customer selected, multiple, integrated external services directly into the credit processing workflow. This best-in-class solution offers highly secure, native WAN and Internet communications, eliminating the cost and maintenance of middleware while using minimal bandwidth. With this highly scalable system, users can connect from the back office, remote branches, call centers, or over the Internet. CrediSphere for retail lending provides complete credit origination processing including multi-channel data entry or capture, the most flexible product and policy development, multiple forms of automated and manual decisioning by product, multiple insurance and cross-sell features, multiple forms of integrated document processing and delivery, and more than thirty directly integrated external services. CrediSphere for retail lending supports secured and unsecured, open- and closed-end, installment and revolving products within direct, indirect, credit card, revolving credit and home equity credit products.

About Pulaski Bank
Pulaski Bank & Trust, headquartered in Little Rock, Arkansas has over $375 million in assets and nine branch locations. For more information, contact Pulaski Bank at 501-661-7700 or visit the company's website at www.pulaskibank.com.

About X/Net Associates, Inc.
X/Net Associates, Inc. is an innovative software technology and integration firm providing complete software solutions within the financial services market. The company's products include CrediSphere, a next-generation, universal credit origination suite for consumer and small business lending, and MetaSage, a proprietary application/integration server using open standards. The company is headquartered in Fairport, N.Y. For more information, contact X/Net at 585-425-7047 or 888-GET-XNET or visit the company's website at www.xnai.com.

Media Contact:
Rick Hughes, X/Net Associates, Inc.
Tel: (585) 425-7047
Fax: (585) 425-2455
Email: rhughes@xnai.com