WealthHound.com Launches Co-Branded Web Site With MortgageIT.com For On-line Mortgages

Business Wire, August 22, 2000

Business and Technology Editors

NEW YORK--(BUSINESS WIRE)--Aug. 22, 2000

WealthHound.com, Inc. (NQB: WLTH) announced today that its wholly-owned subsidiary, WealthHound, Inc., launched a co-branding web site with internet mortgage banking company MorgageIT.com to provide mortgage banking services on WealthHound's personal finance site.

"MortgageIT.com allows customers to consider many different mortgage options, and then finds the best rates," said Michael D. Farkas, Chairman and CEO of WealthHound. "Customers can save on commissions while working online at their leisure, yet have all of the options and services available as they did offline."

Headquartered in New York, MortgageIT.com is a premier online provider of residential mortgages and the largest mortgage portal on the Web. With over 6,000 loan programs to select from, MortgageIT.com provides homebuyers with competitive rates. MortgageIT.com was created by the founders of IPI Skyscraper, one of the nation's largest traditional mortgage brokers.

WealthHound is an award winning personal financial services site which includes online stock trading through Richmark Capital Corporation for a flat fee of $14.95 per trade and live customer support; insurance quotes and policies through Quotesmith.com(TM) (NASDAQ: QUOT); and shopping at over 130 e-tailers. WealthHound also features a Wireless stock Quote Application for Palm Inc.'s (NASDAQ: PALM) Palm VII(TM) wireless connected organizer, and plans to add more wireless applications in the near future, including a wireless trading platform. The site also includes a unique feature where Fed watchers can gauge the direction of interest rates by keeping abreast of the news about, speeches by and interviews with key government and business leaders. The site is located at http://www.wealthhound.com.

This press release contains information that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although WealthHound believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to be correct.