HomeSeekers.com Signs Multi-Year Operating Agreements With Five Premier MLS Organizations

Business Wire, Feb 22, 2000

Business Editors/Hi-Tech Writers

RENO, Nev.--(BUSINESS WIRE)--Feb. 22, 2000

HomeSeekers.com's Proprietary XMLSweb(R) Technology to

Host Data Input from 30,000 Real Estate Agents

HomeSeekers.com (NASDAQ: HMSK) announced today the signing of five multi-year technology agreements to utilize its XMLSweb(R) product, with some of the nation's top Multiple Listing Service (MLS) organizations.

The agreements are with the Southern California (SoCal) MLS; The Greater New Jersey MLS of Southern New Jersey; RealMatrix of Eastern Michigan; MLS of Naples, Florida; and St. Petersburg, Florida Suncoast Association of Realtors. Membership in these MLS organizations amounts to approximately 30,000 real estate agents.

"Our proprietary XMLSweb(R) product, with its interactive browser based technology, is quickly gaining recognition as the leading solution for the Multiple Listing Service industry," said HomeSeekers.com's chairman and CEO, Greg Costley. "In addition to the robustness of our technology, and the increased speed, flexibility and interaction that our system provides our customers, we are also generally able to deliver this service at a significantly lower cost than what our customers have been paying for legacy products."

Stated Russ Bergeron, Executive Officer of the SoCal MLS, "this agreement with HomeSeekers.com continues our desire to maintain leadership in adopting the dramatic advances in technological solutions for the real estate industry. Our goal at SoCal MLS has always been to provide products and services that satisfy the needs of all of our customers. The XMLSweb(R) system allows our member real estate agents to realize the full communications capabilities of the Internet. Also, the power of the system allows our agents tremendous flexibility in handling and using the information in our database. We have no doubt that XMLSweb(R) will continue the HomeSeekers.com tradition of supplying the real estate industry with cost effective value-added products."

Existing legacy MLS services function through individual broker terminals serving a geographic area without the ability to supply home listings and other data through the Internet. HomeSeekers.com's proprietary XMLSweb(R) technology replaces the MLS boards existing legacy systems with an Internet-based browser system.

XMLSweb(R) uses the latest in XML and ASP technology, which allows for faster data retrieval and information management. This enables real estate professionals to access the full power of their MLS system from their office computer, their personal computer or their client's computer.

About HomeSeekers.com, Inc.

HomeSeekers.com, Incorporated is a leading provider of technology to the North American and International real estate industries. The company provides technology solutions and services targeted to brokers, agents, Multiple Listing Services (MLS), builders, consumers and others involved in the real estate industry.

HomeSeekers.com is the only national real estate web site to update daily in English and Spanish and provides approximately 850,000 listings in the U.S. and a variety of real estate related information. Product and services offerings can be viewed at the company's primary website, http://www.homeseekers.com.

This press release contains various forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future results of operations and market opportunities that are based on HomeSeekers.com's current expectations, assumptions, estimates and projections about the company and its industry.

Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of the success of HomeSeekers.com's branding and consumer awareness campaign and other marketing efforts; competition from existing and potential competitors; HomeSeekers.com's ability to continue to develop and integrate new products, services and technologies; and risks and competitive factors associated with doing business outside of the U.S.

These factors, along with other potential risks and uncertainties are discussed in HomeSeekers.com's reports and other documents filed with the Securities and Exchange Commission.