X/Net Associates' Patents Issued

Fairport, New York -- September 9, 2003 - X/Net Associates, Inc. today announced that the United States Patent and Trademark Office (USPTO) has issued three patents for its innovative technology. Patent No. 6,550,864 was issued on May 6th, 2003 and Patent Nos. 6,614,559 and 6,615,376 were issued on September 2nd, 2003. All three patents protect various components of technological innovation found within many of X/Net's commercially available software solutions.

“We are pleased to have received several of the patents for which we applied during our initial R&D years. We have seen our customers enjoy the benefits of increased efficiency, productivity improvement, and lower total cost of ownership by utilizing our various products. It is added comfort to know that we were able to identify and protect key elements of our innovative technologies to make it possible. With more on the way, we are well positioned to leverage our intellectual property through licensing agreements with many companies throughout various market segments,” said Gregg Olin, CEO and President of X/Net Associates.

Recently recognized as one of the top lending system vendors in the United States by Celent Communications, LLP, X/Net Associates is a leading software product and system integration firm serving the financial services market. Based on the broad application of its patented technologies, benefits may be realized in many markets outside of financial services.

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