Bank of America and Homestore.com, Inc. Announce Multi-Year Strategic Agreement

Bank Launches New 'Home Solutions' Web Destination For Consumers and

Its More Than 3.2 Million Online Banking Customers



Apr 10, 2001, 01:00 ET from Bank of America

    CHARLOTTE and WESTLAKE VILLAGE, Calif., April 10 /PRNewswire/ -- Bank of
 America (NYSE:   BAC) and Homestore.com, Inc. (Nasdaq:   HOMS) today announced the
 launch of a new online homeowner service, www.bankofamerica.com/homesolutions.
 The site is a fully integrated online marketplace offering a comprehensive
 array of home-buying, financing, maintenance and improvement capabilities to
 consumers. The launch is the first phase of a multi-year $10.5 million
 marketing and Web services agreement between the companies.
     According to the U.S. Census, almost 20 percent of households move
 annually and nearly 65 percent of those households research their move on the
 Internet. This new homeowner marketplace gives consumers the ability to
 customize all of their home information and manage their needs online, from
 pre-qualifying and instant-decisioning on a mortgage to moving and home
 renovations.
     As the country's leader in online banking with more than 3.2 million
 customers, Bank of America is drawing upon the Homestore.com relationship to
 deliver a wide range of online home and real estate-related capabilities.  In
 addition to providing financial information, the marketplace features advice
 and solutions for home-buying and building, renting, moving and home
 improvement.  This is one of the banking industry's first marketplaces to
 fully combine the financial component with homeownership solutions.
     "We're excited about providing our customers with an innovative, end-to-
 end homeownership service," said Kevin Shannon, Bank of America Consumer Real
 Estate president.  "It will allow them to simplify and streamline buying,
 selling and maintaining a home.  We are committed to partnering with companies
 that deliver 'best of breed' content and technology to our customers."
     "We are excited about our relationship with Bank of America. It gives
 Homestore.com an opportunity to assist the largest bank in the country with a
 major company-wide Web program and help provide additional value to its 27
 million customers," stated Stuart Wolff, chairman and chief executive officer
 of Homestore.com, Inc.
 
     About Bank of America
     One of the world's leading financial services companies, Bank of America
 is committed to making banking work for customers like it never has before.
 Through innovative technologies and the ingenuity of our people, Bank of
 America provides individuals, small businesses and commercial, corporate and
 institutional clients across the United States and around the world new and
 better ways to manage their financial lives.
     The company enables customers to do their banking and investing whenever,
 wherever and however they choose through the nation's largest financial
 services network, including more than 4,400 domestic offices, 13,000 ATMs, 38
 international offices, a telephone banking network that handles more than a
 half billion calls a year and an Internet Web site that provides online access
 for more than 3 million customers, more than any other bank.
     Bank of America stock (ticker: BAC) is listed on the New York, Pacific and
 London stock exchanges. The company's Web site is www.bankofamerica.com. News,
 speeches and other corporate information may be found at
 www.bankofamerica.com/newsroom.
 
     About Homestore.com, Inc.
     Homestore.com, Inc. (Nasdaq:   HOMS) is the leading supplier of online media
 and technology solutions to the home and real estate industries, serving both
 consumers and professionals. Homestore.com, Inc.'s family of Web sites
 includes the Homestore.com(TM), REALTOR.com(R), HomeBuilder.com(TM),
 Homestore.com(TM) Apartments & Rentals and HomeFair.com(TM) Web sites.
 Homestore.com(TM) features the widest-range of home and real estate related
 information on topics including finance and insurance, home improvement,
 decor, lawn and garden, and home electronics, among others. Consumers can view
 over 1.4 million new and existing homes for sale and find broker and agent
 services on REALTOR.com(R), the official Internet site of the National
 Association of REALTORS(R). Consumers searching for new homes can find more
 than 120,000 models, new homes and built-to-suit plans on HomeBuilder.com(TM),
 the official new home site of the National Association of Home Builders.
 Consumers interested in renting an apartment will find listing information
 from more than 45,000 properties in more than 6,000 cities on
 Homestore.com(TM) Apartments & Rentals. Comprehensive moving and relocation
 information on the Internet is available from HomeFair.com(TM).
 Homestore.com(TM) content is also available through distribution relationships
 with America Online, Excite @Home and Netscape. Homestore.com, Inc. also
 operates Welcome Wagon(R), the widely recognized direct marketing program that
 introduces participating neighborhood retailers and their services to new
 homeowners. Welcome Wagon represents a network of more than 35,000 merchants
 and reaches 1.8 million new homeowners annually. Technology subsidiaries of
 Homestore.com, Inc. include WyldFyre Technologies, the leading developer of
 software used to access multiple listing service data and property photos; Top
 Producer Systems, North America's #1- selling provider of leads management and
 marketing software for real estate professionals; and The Hessel Group, the
 provider of technology-driven solutions and services to the relocation
 industry.
     This press release contains forward-looking information within the meaning
 of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934, and is subject to the safe harbors created by
 those sections. Actual results, including but not limited to usage of the
 Homestore.com sites, may differ materially. The matters discussed in this
 press release also involve risks and uncertainties described from time to time
 in Homestore.com, Inc.'s filings with the Securities and Exchange Commission
 (SEC). In particular, see "Risk Factors" in the Final Prospectus included in
 the Company's Registration Statement on Form S-1 declared effective by the SEC
 on January 26, 2000 and also see the Company's Annual Report on Form 10-K for
 the year ended December 31, 1999 filed with the SEC (http://www.sec.gov). We
 assume no duty to update this information in this press release if any
 forward-looking statement later turns out to be inaccurate.
 
 

SOURCE Bank of America
    CHARLOTTE and WESTLAKE VILLAGE, Calif., April 10 /PRNewswire/ -- Bank of
 America (NYSE:   BAC) and Homestore.com, Inc. (Nasdaq:   HOMS) today announced the
 launch of a new online homeowner service, www.bankofamerica.com/homesolutions.
 The site is a fully integrated online marketplace offering a comprehensive
 array of home-buying, financing, maintenance and improvement capabilities to
 consumers. The launch is the first phase of a multi-year $10.5 million
 marketing and Web services agreement between the companies.
     According to the U.S. Census, almost 20 percent of households move
 annually and nearly 65 percent of those households research their move on the
 Internet. This new homeowner marketplace gives consumers the ability to
 customize all of their home information and manage their needs online, from
 pre-qualifying and instant-decisioning on a mortgage to moving and home
 renovations.
     As the country's leader in online banking with more than 3.2 million
 customers, Bank of America is drawing upon the Homestore.com relationship to
 deliver a wide range of online home and real estate-related capabilities.  In
 addition to providing financial information, the marketplace features advice
 and solutions for home-buying and building, renting, moving and home
 improvement.  This is one of the banking industry's first marketplaces to
 fully combine the financial component with homeownership solutions.
     "We're excited about providing our customers with an innovative, end-to-
 end homeownership service," said Kevin Shannon, Bank of America Consumer Real
 Estate president.  "It will allow them to simplify and streamline buying,
 selling and maintaining a home.  We are committed to partnering with companies
 that deliver 'best of breed' content and technology to our customers."
     "We are excited about our relationship with Bank of America. It gives
 Homestore.com an opportunity to assist the largest bank in the country with a
 major company-wide Web program and help provide additional value to its 27
 million customers," stated Stuart Wolff, chairman and chief executive officer
 of Homestore.com, Inc.
 
     About Bank of America
     One of the world's leading financial services companies, Bank of America
 is committed to making banking work for customers like it never has before.
 Through innovative technologies and the ingenuity of our people, Bank of
 America provides individuals, small businesses and commercial, corporate and
 institutional clients across the United States and around the world new and
 better ways to manage their financial lives.
     The company enables customers to do their banking and investing whenever,
 wherever and however they choose through the nation's largest financial
 services network, including more than 4,400 domestic offices, 13,000 ATMs, 38
 international offices, a telephone banking network that handles more than a
 half billion calls a year and an Internet Web site that provides online access
 for more than 3 million customers, more than any other bank.
     Bank of America stock (ticker: BAC) is listed on the New York, Pacific and
 London stock exchanges. The company's Web site is www.bankofamerica.com. News,
 speeches and other corporate information may be found at
 www.bankofamerica.com/newsroom.
 
     About Homestore.com, Inc.
     Homestore.com, Inc. (Nasdaq:   HOMS) is the leading supplier of online media
 and technology solutions to the home and real estate industries, serving both
 consumers and professionals. Homestore.com, Inc.'s family of Web sites
 includes the Homestore.com(TM), REALTOR.com(R), HomeBuilder.com(TM),
 Homestore.com(TM) Apartments & Rentals and HomeFair.com(TM) Web sites.
 Homestore.com(TM) features the widest-range of home and real estate related
 information on topics including finance and insurance, home improvement,
 decor, lawn and garden, and home electronics, among others. Consumers can view
 over 1.4 million new and existing homes for sale and find broker and agent
 services on REALTOR.com(R), the official Internet site of the National
 Association of REALTORS(R). Consumers searching for new homes can find more
 than 120,000 models, new homes and built-to-suit plans on HomeBuilder.com(TM),
 the official new home site of the National Association of Home Builders.
 Consumers interested in renting an apartment will find listing information
 from more than 45,000 properties in more than 6,000 cities on
 Homestore.com(TM) Apartments & Rentals. Comprehensive moving and relocation
 information on the Internet is available from HomeFair.com(TM).
 Homestore.com(TM) content is also available through distribution relationships
 with America Online, Excite @Home and Netscape. Homestore.com, Inc. also
 operates Welcome Wagon(R), the widely recognized direct marketing program that
 introduces participating neighborhood retailers and their services to new
 homeowners. Welcome Wagon represents a network of more than 35,000 merchants
 and reaches 1.8 million new homeowners annually. Technology subsidiaries of
 Homestore.com, Inc. include WyldFyre Technologies, the leading developer of
 software used to access multiple listing service data and property photos; Top
 Producer Systems, North America's #1- selling provider of leads management and
 marketing software for real estate professionals; and The Hessel Group, the
 provider of technology-driven solutions and services to the relocation
 industry.
     This press release contains forward-looking information within the meaning
 of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the
 Securities Exchange Act of 1934, and is subject to the safe harbors created by
 those sections. Actual results, including but not limited to usage of the
 Homestore.com sites, may differ materially. The matters discussed in this
 press release also involve risks and uncertainties described from time to time
 in Homestore.com, Inc.'s filings with the Securities and Exchange Commission
 (SEC). In particular, see "Risk Factors" in the Final Prospectus included in
 the Company's Registration Statement on Form S-1 declared effective by the SEC
 on January 26, 2000 and also see the Company's Annual Report on Form 10-K for
 the year ended December 31, 1999 filed with the SEC (http://www.sec.gov). We
 assume no duty to update this information in this press release if any
 forward-looking statement later turns out to be inaccurate.
 
 SOURCE  Bank of America

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