Whitehall Enterprises' Announces Portal Agreement With ComCity's Mortgage LoanPage.com

Business Wire, July 6, 2000

Business Editors

MIAMI--(BUSINESS WIRE)--July 6, 2000

Whitehall Enterprises, Inc. (OTCBB:WTHL) today announced that its wholly-owned subsidiary, Alternative Lending Group, Inc. (ALG), has entered a portal agreement with ComCity's Mortgage LoanPage.com. Under the terms of the agreement, LoanPage drives Internet traffic to ALG's Web site at www.alternativelending.com, where customers can apply for mortgage loans 24 hours a day via the Internet.

"Our agreement with ComCity's Mortgage LoanPage provides unlimited exposure for Alternative Lending Group throughout the mortgage marketplace," said Whitehall President and Chief Executive Officer Luis Alvarez. "ComCity receives about 700,000 hits per month and represents a tremendous opportunity to promote ALG's unique services," Alvarez added.

"We have been receiving numerous hits from the LoanPage site because we advertise extensively with them," said ALG Chief Executive Officer R. Jeffrey Mertz Jr. "As one of the top consumer sites for mortgage information, they give us great exposure."

About ComCity's Mortgage LoanPage

The Mortgage LoanPage is located on the Internet via www.LoanPage.com, where it operates the largest International database and directory of mortgage professionals on the Internet. The Web site provides a one-stop shop for real estate finance and loan shopping for commercial, residential, agricultural or any other purpose. LoanPage is produced, hosted, and a wholly owned subsidiary of ComCity (www.comcity.com), an Internet Presence Provider (IPP) which was established in 1995 to provide companies and businesses with a one-stop shop for presence on the World Wide Web. ComCity provides cost efficient Internet solutions for small companies to large corporations.

ComCity(R) is a registered trademark. The Mortgage Loan Page is a trademark of ComCity.

About Whitehall

Whitehall Enterprises Inc. (OTCBB: WTHL) is a growth oriented holding company targeting business acquisitions, which will contribute a diversified asset base for the company. Whitehall Enterprises' current business activities include marketing hair growth promotion and hair loss prevention technologies, and e-commerce mortgage banking.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information included in oral statements or other written statements made or to be made by Whitehall Enterprises, Inc.) contains statements that are forward-looking, such as statements related to consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Whitehall Enterprises. For a description of additional risks and uncertainties, please refer to Whitehall Enterprises, Inc.'s filings with the Securities and Exchange Commission, including Forms 10K and 10-Q.