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To: sean who wrote (1015)	3/24/1999 7:41:00 AM
From: mikekell	Respond to of 1058

Virtuallender.com to File Registration with the SEC San Bruno, CA - March 24, 1999 - Virtuallender.com (OTC BB:VLDC) announced today that it has initiated the process to become a fully reporting company. National Capital Merchant Group, Ltd., Irvine, California, has been retained and will prepare the necessary documents for filing with the SEC. Pisenti & Brinker, Certified Public Accountants, Petaluma, California, have been retained to prepare and update the audit of the company's financial statements for the period ending March 31, 1999. This audit will be prepared to comply with the SEC's new rule requiring OTC companies to report under the Act of 1934. These acts further the Company's goal of continual upgrade of its status and visibility to its shareholders and the public. The Company recently acquired HomeSmart.com, “Everything for homes on the web,” an online publication and real estate referral program that serves both consumers and the real estate industry through a comprehensive real estate Internet site, homesmart.com. Virtuallender.com and HomeSmart.com benefit consumers by providing a faster, flexible, more complete online mortgage and real estate solution, avoiding the frustration, delays and cost of the traditional process. The leading competitors in this rapidly growing industry include E-loan, Homeshark, Microsoft's Home Advisor (Nasdaq: MSFT) and Finet Holdings (Nasdaq: FNHC). According to estimates by James Marks, Deutsche Bank securities analyst, the online mortgage industry is set for explosive growth, with projections topping $60 billion by the year 2000. For more information on Virtuallender.com visit virtuallender.com. Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of section 27 A of the Securities Act of 1933, section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.