HomeCom Signs Contract with Summit Bank for Web Consulting and Development

Business Wire, Oct 7, 1999

ATLANTA--(BUSINESS WIRE)--Oct. 7, 1999--

Summit Bank to Offer Financial Workspace for Customer Management

HomeCom Communications, Inc. (NASDAQ SmallCap:HCOM), an Atlanta-based provider of Internet software solutions for the financial industry, has entered into an agreement with Summit Bank, Princeton, New Jersey, to provide consulting, Web development, Internet security services and HomeCom's Harvey(tm) One-to-One marketing product.

The redesigned site will provide online transactional capabilities, advice, comprehensive service, and a complete range of financial products.

The user experience will be enhanced through the use of Harvey and Intelligent Relationship Manager, directing customers to financial products aligned with their interests and needs. The site redesign will begin in fall 1999 and will be released in stages throughout the year 2000.

According to Hilary Blackburn, vice president and Internet manager of Summit Bank, "Summit Bank offers secure online access to customers, providing the best total financial solution and meeting everyday needs in order to build long-lasting relationships. We chose HomeCom to assist us in designing a flexible approach to serving our customers online. HomeCom offers both the technology and the business strategy to converge the banking, insurance and brokerage services our customers' demand into a personalized financial workspace.

"Our objective is to provide easy access to decision-making tools that will guide users in purchasing products and services that fit their needs. HomeCom's solution will move us to a greater level of personalization on the Web, which directly impacts our customers' satisfaction." Ken Bozzi, vice president of HomeCom, said, "We are pleased that Summit Bank has chosen HomeCom to help create the requirements and corporate strategy for its e-commerce initiative. Summit's solutions-based workspace will ensure customer privacy and protection through advanced security features, so that customers can conduct financial activities with confidence."

About Summit Bank

Summit Bancorp, a holding company for Summit Bank, has $35 billion in assets and $24 billion in deposits. Through its banking subsidiaries, Summit operates nearly 500 traditional and in-store branches in New Jersey, eastern Pennsylvania and Connecticut and an extensive network of automated teller machines. The company provides financial services to individuals, businesses, not-for-profit organizations, government entities and other financial institutions through its commercial and retail banking, investment management and private banking lines of business.

For additional information, contact Barbara Horn at (609) 514-7872 or visit the bank's Web site at www.summitbank.com.

About HomeCom

HomeCom Communications, Inc. specializes in Internet application solutions for the financial services market, providing all of the professional services and technology necessary to develop and integrate an online marketplace. In addition, HomeCom offers several products and services designed for e-commerce in the financial services industry, which includes Personal Internet Banker(tm) (PIB), Harvey(tm), InsureRate(tm), and its Internet Security Services. HomeCom has been cited by experts as being in the top ranks of Web developers and e-commerce experts from sources such as Ziff Davis, Fortune and many others.

For more information about this announcement or HomeCom, call Carolyn Hall at (888) HOMECOM ext. 186 or visit the company's Web site at www.homecom.com. For investor relations call (888) HOMECOM ext. 122 or IR@homecom.com.

NOTE TO EDITORS: Certain of the statements included in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. The Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from those expressed in these forward-looking statements.