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To: DOC HOLLIDAY who wrote (6192)	4/5/1999 2:38:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 13776

SEATTLE, April 5 /PRNewswire/ -- Lenders Interactive Online Network (LION), a Web portal for mortgage professionals announced today that they achieved new records in three key areas during the month of March. LION is a wholly owned subsidiary of Plenum Communications, Inc. (OTC Bulletin Board: PLNM). Sam Ringer, newly appointed President and CEO, said, "LION established three new records in March. Almost 1,200 mortgage brokers registered at our Web site versus the previous record of just under 1,000 in February. So far, of those that have been given a tour, over 500 have joined as new members. These two new monthly records indicate the rapidly growing interest from the mortgage broker community in LION's services." Mr. Ringer continued, "We anticipate that new records in broker registrations and in new member sales will continue. In March we started a new advertising campaign in major mortgage industry trade publications and a new nationwide direct mail campaign. These two marketing programs will further increase broker interest in our service. Futhermore, LION will get increased market exposure from Calyx Software, a LION Partner for Progress member. Calyx has just begun shipping POINT(TM) 3.5 for Windows that includes an interface that allows POINT users to access LION's wholesale mortgage program rate and fee database through a link built into POINT for Windows software. This will expose LION's Web portal to the 14,000+ companies representing 70,000+ mortgage originators using Calyx's software. In addition, several new services, currently under development, will be introduced over the next several months. These new services will significantly increase the value of a LION membership to mortgage brokers and further reinforce our objective of becoming "The Essential Internet Tool for today's Mortgage Originator." Mr. Ringer added, "Our third record was that 2,300 Loan~Links, representing over $440 million, were submitted by our mortgage broker members to sub-prime lenders in March. This represents an 11% jump over February's record month. Usage of our new 2.5 version of LION Loan~Link(TM) continues to set new records each month." LION operates a wholesale mortgage industry Internet portal used by wholesale lenders to provide daily product and rate information to thousands of subscribing mortgage brokers. LION is the pioneer and dominant portal for allowing wholesale lenders and mortgage brokers to use the Internet to serve their clients better. About LION LION's online service provides wholesale mortgage rate, fee and program information daily through a password protected, subscription-based Web portal, www.lioninc.com. LION operates nationally, maintaining 26 separate databases with program and rate information organized regionally to account for variations around the country. Originators enter information in LION Loan Search(TM) about the loan they are seeking and quickly get the programs that meet the needs of their client. More than 400 wholesale mortgage lenders and 4500 mortgage brokers participate in the service. The LION databases contain over 11 million loan pricing variances and over 11,000 wholesale lender programs. Other LION services includes LION Loan~Link(TM), which allows subprime loan proposals to be electronically submitted directly to the lenders, LION News Now(TM), a twice daily market commentary written for mortgage professionals, and LION Ratesheets on Demand(TM), which allows wholesale lenders ratesheets to be sent to members by E-mail or Fax. LION is also a leading developer of Web sites for wholesale lenders and mortgage brokers. 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. NOTE: LION Loan~Link and LION Loan Search are trademarked services of Lenders Interactive Online Network (LION). SOURCE Lenders Interactive Online Network (LION) -0- 04/05/99 /CONTACT: Sam Ringer of LION, 800-546-6463, or sringer@lioninc.com; or David Charnock, Investor Relations of Plenum Communications, 888-541-5466, or dcharnock@lioninc.com/ /Web site: plenum.net (PLNM) CO: Lenders Interactive Online Network (LION); Plenum Communications, Inc. ST: Washington IN: FIN MLM SU: