IMX And ABC Virtual Announce Exchange Alliance

Houston, Texas and Des Moines, Iowa Tuesday, June 18, 2002 - Des Moines-based ABC Virtual, Inc., and Houston-based IMX, Inc. today announced the planned integration of an automated option for users of the ECLoanPro loan origination software ("POS/LOS"). The new feature will allow all users of ABC Virtual's ECLoanPro LOS product to automatically launch the data fields of each loan for instant, automated pricing on the IMX Exchange®.

"This unique new feature provides our customers the opportunity to make a one-time election to post their loans to the IMX Exchange automatically. It will provide our customers real-time prices and loan products that match their applicants' criteria exactly," said Mary Sudak, Vice President of ABC Virtual. Once they are approved for membership in the IMX Exchange, they will also be able to lock with any of more than 20 lenders on-line, and in real time, with no transaction cost to the broker. They will always know they are seeing current loan products and prices from lenders including Wells Fargo, First Nationwide, CitiMortgage, World Savings, First Union/Wachovia and many other lenders. This is another product enhancement that makes ECLoanPro the best choice for loan origination and processing done completely over the web."

IMX President Richard Wilkes added, "We are delighted that ECLoanPro will include the XpressPost™ functionality. This will increase IMX's market penetration to more loan originators, and will bring to five the number of LOS that feature this option. This also is the first time we have worked with a company that provides software over the web, which means that it can be implemented almost immediately and not have to wait until the next version is completed and shipped."

Wilkes added that ECLoanPro's users would add even more liquidity to the Exchange, which currently has 2,700 broker-members, and the potential customers announced last month when IMX and Seattle-based LION, Inc., with 6,400 broker customers, joined forces to market and support the IMX Exchange.

"We also are discussing the integration of IMX's custom pricing engine into our software," said Sudak. This would give our user base unparalleled ability to distribute their unique prices for mortgages to their branches, loan officers, Realtors® and consumer clients. ECLoanPro is committed to providing state-of-the-art, user-friendly software that helps originators produce more loans in less time, at for a lower cost per loan."

About ABC Virtual

ABC Virtual is a leading Internet software product and e-Business Consulting Services Company that specializes in revitalizing enterprise applications and extending their reach through the use of Web-centric technology. ABC Virtual's product development efforts such as ECLoanPro focus on delivering unique e-Business solutions to the mortgage industry using the most advanced Internet technology available. ECLoanPro is a Web-based loan origination system that gives lenders a competitive advantage in the wholesale and retail on-line lending markets. It uses the power of the Internet to help lenders generate new business, retain customers and reduce loan-processing costs. Please visit ABC Virtual's Web site at www.abcv.com, or www.ecloanpro.com. For additional information please call: 888-384-6968.

About IMX, Inc.

IMX, Inc., based in Houston, Texas, is a leading provider of software solutions for the mortgage industry. IMX offers a comprehensive suite of workflow tools that enable mortgage lenders and originators to communicate and conduct business quickly and efficiently, online. All the company's products deliver real-time, fully-adjusted pricing to any user with browser access.

IMX Exchange is the largest business-to-business marketplace for the wholesale mortgage industry, with over 10,000 originator members representing over 2,600 mortgage brokerages in 47 states, as well as a network of some 50 national, regional and local lenders members. In 1999, the United States Patent and Trademark Office awarded the company patent #5,995,947 for its unique loan information and real-time trading system. For more information, please visit www.imx.com


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