National Loan Exchange Corp. - NLEX - Announces theLaunch of Their New Corporate Website www.

Business Editors

ST.LOUIS--(BUSINESS WIRE)--Oct. 24, 2000

National Loan Exchange Corp. (NLEX) announces the launch of their new corporate website www.nlex.com. NLEX is the nation's leading broker of distressed assets, having sold $18 billion of portfolios for most of the leading

According to Dave Ludwig, President of NLEX, "NLEX.COM differs from its competition in 2 major areas. First, we are a known commodity, having successfully brokered transactions for almost all of the leading financial institutions in the U.S. We have seven years of track record, having closed almost 1,300 portfolios. Second, our accounts are direct from the banks."

NLEX.COM initiated their website with approximately $50 million direct from Key Bank, which was sold last week. Its next portfolio, currently posted, is on behalf of Firstar Bank. "We plan to offer a new portfolio at least once a week," adds Ludwig. The primary focus of NLEX.COM is to use the web as an efficient vehicle in which to offer portfolios on a statewide basis. State buyers agree to the purchase & sale contract unaltered, and utilize NLEX for its documentation and put-back requests. NLEX provides all post-sale servicing, and with its standard purchase & sale contract, offers banks the best of both worlds -- higher prices with reduced post-sale servicing.

For more information, please call 800/264-3683 or visit the NLEX.COM website.