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In The News

iNest Realty forms alliance with Bank of America





January 28, 2003, Chicago, IL – iNest Realty (www.iNest.com), the nation's leading online new home real estate brokerage, today announced an alliance with Bank of America (ticker: BAC), one of the world's leading financial services companies. As a result, iNest will be featured as the exclusive provider of new home buying services on the Bank of America mortgage Web site (www.bankofamerica.com/loansandhomes). By affiliating with Bank of America, iNest gains an opportunity to expose its service to millions of consumers who visit the bank’s Web site, who in turn could potentially benefit from iNest’s new home buying service.

iNest Realty will power the New Homes and Home Builders channel of the Bank of America residential mortgage Web site. iNest will then power the bank customer’s new home search, and assist them with their purchase.

"This reflects the commitment of our companies to provide superior service offerings to our users," said Andy Wolf, Chief Executive Officer of iNest Realty, “iNest’s network of leading home builders will gain significant additional exposure to Bank of America’s millions of customers.”

"We look forward to fulfilling the needs of Bank of America’s new home customers with our home buying service," added Jeffrey D. Harris, iNest Realty’s Vice President of Business Development, “Bank customers can search for new homes in their desired community, research top US and regional builders, and receive a 1% cash rebate when they close on their new home.”

Those who visit the Bank of America Web site and who utilize iNest's patent-pending services will have access to the company's online resources and the exclusive iNest 1% cash back bonus program. Utilizing iNest's service provides the homebuyer with the tools and resources they need to search over 5,000 communities for a new home, while also enabling a homebuyer to receive a cash back bonus after purchasing a newly constructed home. iNest currently serves new home buyers in Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Minnesota, Nevada, North Carolina, South Carolina, Texas, Utah, Virginia, and Wisconsin.

About iNest
iNest, based in Chicago's western suburbs, is the pioneering real estate broker specializing in providing consumers with unsurpassed value throughout their search for and purchase of newly constructed homes. iNest provides this value to consumers by combining information resources available on its site about its partner homebuilders, its network of field agents, its experienced New Home Specialists that are available 7 days a week, and a 1% rebate to consumers who utilize the iNest website and patent-pending program when making their new home purchase.

For more information on iNest and its cash back program for new homebuyers, visit www.iNest.com.

Contact:
iNest
homes@inest.com
1-800-894-6378



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