Home Financial Network Appoints Robert S. Charney Senior Vice-President of Sales.

WESTPORT, Conn.--(BUSINESS WIRE)--Aug. 13, 1999--

Home Financial Network, Inc. (HFN), today announced that Robert S. Charney has joined Home Financial Network as Senior Vice-President of Sales. Mr. Charney directs all national and international sales efforts at HFN. Since joining HFN, Mr. Charney has added four professionals to the sales staff to accommodate the company's rapidly expanding sales activities.

Prior to joining HFN, Mr. Charney was Eastern Region Sales Director of Edify Corporation. During Mr. Charney's five-year tenure with them, he was responsible for developing the eastern region from an account base of zero, to the largest revenue-producing region. Mr. Charney launched their electronic banking business in the East and was responsible for retaining the first banking clients in the area as well as the largest nation-wide.

Prior to joining Edify, Mr. Charney held the position of Regional Director at HEC, a health care system provider. Mr. Charney also spent three years at Systems Center as a Regional Director, where he was responsible for establishing NDM as the standard for electronic funds clearing in the Securities Industry. Before Systems Center, he was the National Account Manager for the finance team at IBM where he was responsible for selling the broad range of IBM products into the financial market. He also has a background in banking having spent three years in various positions at Westport Bank and Trust. Mr. Charney has a BS in Finance from Babson College and an MBA in Finance from University of Bridgeport.

"We are very pleased to have Mr. Charney join the HFN Team. He is a highly respected sales professional with an outstanding knowledge of the industry, and has already made significant contributions to HFN's sales efforts," said Eric T. Jacobsen, president and COO of Home Financial Network. "We now look to Mr. Charney to continue our sales force expansion, nationally and internationally."

About Home Financial Network, Inc. (www.hfnweb.com)

Home Financial Network, Inc., is an Internet technology company specializing in the design and development of Internet banks. Through the company's Total Web Banking platforms, HFN provides financial institutions with the essential tools, technology and customization services to build profitable, sustainable relationships with their customers over the Web. HFN's Stage III Architecture uses Java Servlets to provide a true, multi-tier development platform that delivers unprecedented flexibility and control, and offers plug-and-play compatibility with the financial institution's preferred outsource processor or in-house middleware platform. The company's Automatic Interface Optimization technology automatically sends each customer Web pages optimized for the specific Internet access device being used, from PC browser to WebTV to Personal Digital Assistants to cell phones.