Premier Mortgage Resources, Inc. Forms StrategicMarketing Alliance with Century 21-Premier Homes...

Business Editors

NEW WINDSOR, N.Y.--(BUSINESS WIRE)--Nov. 28, 2000

Premier Mortgage Resources (OTCBB:PMTE) today announced that through its affiliate, United National Mortgage, LLC, it has entered into a strategic co-marketing agreement with Century 21 Premier Homes. Century

According to terms of the agreement, United will offer on-site mortgage pre-qualification and loan origination capabilities to the Century 21-Premier Homes network of real estate agents and their customers.

Mr. Joseph A. Cilento, Chief Executive Officer of Premier Mortgage, stated, "I am extremely pleased to form this strategic alliance with Century 21 Premier Homes in offering mortgage services to its team of real estate brokers. The United National Mortgage office in Westport, CT, will spearhead this initiative with the expertise of Regional Vice President, Mr. John Massanotti. It is our intention to continue to form high profile strategic alliances that will be of great value to the company as well as positively effect our bottom line."

Mr. John Cannone and Mr. Fred Salvati, Principals of Century 21 Premier Homes, stated, "We believe that United National Mortgages excellent mortgage products and competitive pricing arrangements will enable our real estate agents to streamline the home buying process from start to finish in a timely manner and with excellent service."

About Century 21-Premier Homes

Century 21-Premier Homes is one of the leading real estate firms in Fairfield County, CT. The firm was founded in 1987 and has over 25 agents.

About Premier Mortgage Resources

Premier is a holding company which through its investment in United National Mortgage, LLC (UNM) is engaged in the business of residential mortgage banking. UNM is in the traditional retail and wholesale mortgage banking business which allows it to act as a full service mortgage banker. Its primary focus is the retail and wholesale origination and sale of mortgage loans for one-to-four family properties. UNM is an approved loan correspondent with several major national lenders. UNM has an excellent staff of retail and wholesale originators who are supported by a full operations team of branch and corporate level staff. UNM currently has offices in NY, CT, MA and is licensed in a total of ten states in the Eastern U.S.

Safe Harbor

Certain items discussed in this press release may constitute forward-looking statements within the meaning of Federal Securities law and, as such, may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Statements which make reference to the expectations or beliefs of the Company or any of its management are such forward-looking statements and speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances upon which any such statement is based.

The risks and uncertainties include, but are not limited to, macroeconomic events affecting interest rates, the availability of credit and real estate values, as well as company-specific risks including the availability of financing on favorable terms, revenue levels, and net losses currently and expected to continue unless projected revenues materialize.