LION Announces New Customer Launch for its Mortgage Productivity Suite

Business Wire, Dec 7, 2004

SEATTLE -- LION, Inc. (OTCBB:LINN), a leading provider of mortgage technology solutions, today announced that a second customer has successfully launched LION's mortgage technology productivity suite to drive its wholesale mortgage origination channel. The latest customer, LION's second since the recent launch of its mortgage productivity platform, is a leading diversified financial services company with over $17 billion in total assets that in 2003 closed approximately $4 billion in residential mortgage loans. LION's product suite is designed to expand market share and streamline the mortgage loan fulfillment process, and consists of a corporate wholesale website, productivity software, and a product eligibility and pricing engine that provides access to real-time, risk-based rate, product, and price information to manage loan registration and lock transactions.

"We have received an enthusiastic response to our Mortgage Productivity Suite following our formal introduction of it at the Mortgage Banker's Association national conference," stated Tim Newberry, LION's Co-President. "LION's proven marketing strategies combined with an advanced transactional based technology platform have produced an integrated suite of mortgage products that we believe is unparalleled in the industry. Our uniquely integrated product offering can be configured to effectively serve wholesale, retail, and correspondent mortgage origination channels; and can be installed in phases, creating the flexibility to add components to accommodate the needs of any mortgage company and enabling companies to provide its customers with one of the most complete and comprehensive origination and price management systems available."

For a tour of LION's marketing productivity suite, call 1-800-786-8083 or visit http://demo.lionmts.com.

About LION, Inc.

LION, Inc. is a leading provider of advanced business solutions that streamline the mortgage loan fulfillment process in the over $2 trillion mortgage industry. From Leads to Loans to Capital Markets, LION offers consistent, seamless business solutions to consumers, brokers, realtors, originators and lenders. LION provides an integrated technology platform offering online loan productivity, mortgage pipeline hedging and risk management, software development and data communication tools. Through its subsidiary, Tuttle Risk Management Services LLC, LION provides hands on mortgage pipeline risk management for financial institutions that originate and then sell loans into the secondary market. LION has offices in Washington, California and Colorado, and has been named by Deloitte & Touch LLP as one of the 50 fastest growing technology companies in the state of Washington for 2004. For more information about LION, please visit www.lioninc.com.