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To: Fuza who wrote (1251)	2/10/1999 11:26:00 AM
From: Trooper	Respond to of 1530

NEWS ON PLNM!!!! Plenum Communications Inc.Becomes a SEC Reporting Company LION's Parent Company Achieves Fully Reporting Status With the SEC SEATTLE, Feb. 10 /PRNewswire/ -- Plenum Communications, Inc. (OTC Bulletin Board: PLNM) announced that it has submitted a voluntary registration statement to the U.S. Securities and Exchange Commission (SEC). Plenum anticipates a response letter from the SEC in the near future and will amend its filing to satisfy any action items required in their comments. Plenum is the parent company of Lenders Interactive Online Network (LION). LION is the industry leader in providing wholesale mortgage rate, fee, and program information to mortgage brokers over the Internet. Allen Ringer, President & CEO of Plenum, said "The registration statement 10SB filed with the SEC on December 10, 1998 fulfilled a commitment we made to ourselves one year ago to register our shares under the guidelines of the 1934 Securities Act. This means the company must now file all its quarterly and annual financial statements with the SEC where the general public can access them. This action removes another barrier for stock brokers and fund managers to trade the company's shares. A hyperlink from the company's home page (www.plenum.net) directly to the SEC site is in place. Another of our goals was to strengthen our Board of Directors. We have accomplished that with two recent significant additions: Larry H. Dale, former Senior Vice-President of Fannie Mae and current Managing Director of Newman & Associates an investment banking firm; and John A. McMillan a Director and member of the Executive Committee of the Board of Directors of Nordstrom, Inc. and former member of the Office of Chief Executive Officer. Plenum's current major goal is to become a Nasdaq listed company prior to the end of this year." Mr. Ringer added, "We feel Plenum is one of the real pioneers in E-commerce as its subsidiary LION, Inc. has been conducting its business of matching consumers' mortgage loan needs to wholesale mortgage lenders via their relationship with one of the approximately 200,000 U.S. Mortgage Brokers since late 1995. With the recent and ongoing growth of use of the Internet by U.S. business and LION's good fortune of being one of the first to embrace E-commerce, we anticipate a continuation of the rapid growth LION has experienced the last two years." About LION Members of LION's online service access wholesale mortgage rate, fee and program information daily through LION's password protected, subscription-based Web site, www.lioninc.com. The service provides various search programs for connecting mortgage originators with prospective lenders. LION provides wholesale mortgage rate, fee and program information to mortgage brokers nationwide. More than 416 wholesale mortgage lenders participate in the service. LION has a database with over 11 million loan pricing variances and over 11,000 wholesale lender programs. Updated continually, this information is available to brokers through LION's password protected, membership-based Web site (www.lioninc.com) making obsolete the traditional method of rate distribution by fax. When LION members enter their loan search parameters in Loan Search, the interest rate and loan fees that result are calculated according to the rates and fees entered from the Lender's current ratesheet with the adjustments already made. LION's services include Loan Search, which enables mortgage originators to enter loan parameters to access the continually updated program and rate information for conforming wholesale lenders, and Loan-Link, which allows subprime loan proposals to be electronically submitted directly to the lenders. Other features include updated financial news, Rolodex(TM) listings of lenders by loan type and region, historical statistics, regulations, and links to homepages of mortgage lenders. LION's rapid growth parallels that of the Internet. The company also develops Web sites for mortgage brokers and wholesale lenders. LION ranks first in the nation with wholesale lender Web sites and third with mortgage broker Web sites. For more information on LION, visit the company's Web site at www.lioninc.com. For more information on Plenum Communications Inc. visit www.plenum.net . SOURCE Plenum Communications, Inc. CO: Plenum Communications, Inc.; LION, Inc.; U.S. Securities and Exchange Commission ST: Washington IN: MLM FIN SU: 02/10/99 09:00 EST prnewswire.com