iXL's Consumer Financial Network to Expand with $50

Million Investment from GE Capital / iXL Awarded InternetServices Contract for GE and GE Capital Stamford, Conn. (PROTEXT) - GE Capital announced today thatits GE Equity unit has agreed to invest $50 million in ConsumerFinancial Network (CFN), a subsidiary of iXL Enterprises. CFN plans to expand its technology infrastructure, target newdistribution points, enhance its customer service capabilitiesand add new products and services to the platform. The agreement is subject to customary conditions andregulatory approval. CFN, headquartered in Duluth, Georgia, currently offers anarray of on-line financial service products from multipleproviders to employees of large and mid-size companies, includinghome and auto insurance, mortgages and other financial services. "We started doing business with iXL about 18 months ago andwere quickly impressed with their capability in helping usdevelop e-commerce strategies," said Denis J. Nayden, presidentand CEO, GE Capital. "CFN offers customers a combination ofchoice, control and convenience. This agreement also gives GECapital a great opportunity to leverage the CFN platform todistribute our broad array of commercial and consumer financialproducts." GE Capital previously invested $22 million in iXL and CFN toprovide funds for growth. GE Capital currently sells a variety ofits consumer insurance products via CFN and makes CFN platformproducts and services available to its approximately 40,000employees across the United States. GE Capital also announced it has awarded iXL a contract tohelp GE and GE Capital businesses make greater inroads in e-commerce. The 5-year agreement, which guarantees $20 million toiXL in the first 15 months, marks a significant investment by GECapital in iXL. "GE is accelerating its electronic commerce with customersaround the world," said Gary Reiner, chief information officer,General Electric Company. "This deal with iXL will help us dojust that." GE Equity, the private equity arm of General Electric Company(NYSE: GE), has over 20 diversified investments in internet ande-commerce companies. Based in Stamford, Connecticut, GE Capital,with assets of more than US$300 billion, is a global, diversifiedfinancial services company with 28 specialized businesses.General Electric Company is a diversified manufacturing,technology and services company with operations worldwide. About iXL, Inc. iXL, Inc. is a strategic Internet services company offeringcomprehensive Internet-driven business solutions for Fortune 1000companies and other corporate users of information technology.iXL's core competencies include Internet strategy consulting, e-commerce systems and services, business information managementsystems, interactive learning environments and digital mediaservices. The Consumer Financial Network(TM) Inc., (CFN) asubsidiary of iXL Enterprises, is a sophisticated e-commerceplatform for marketing financial and life services over corporateintranets and the Internet. CFN contracts with competingproviders of financial services and employee benefits to createan unbiased environment for the comparison shopping and purchaseof these services. About CFN(TM) The Consumer Financial Network(TM) Inc., (CFN) is asophisticated e-commerce platform for marketing financialservices and employee benefits over corporate intranets and theInternet. CFN contracts with competing providers of financialservices and employee benefits to create an unbiased platform forthe comparison shopping and purchase of these services. CFN isprovided at no cost to large companies and associations(typically with 5,000 or more employees) for distribution as ahuman resources benefit to their employees or members. Founded in1993, CFN(TM) is headquartered in Duluth, Georgia. ots OriginalText Service: GE Capital Internet: http://www.newsaktuell.deContact: Marcy Brucellaria of GE Capital, (USA) 203-961-2281,office, or (USA) 914-737-2652, home

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