KANETIX IN THE NEWS

Compare insurance quotes, choose the right policy and buy online today on yahoo.ca

TORONTO, May 11, 2001 - Shopping for insurance has never been this easy. Yahoo! Canada today announced the launch of Yahoo! Canada Insurance Centre, an online resource for Canadians looking for information and rate quotes from life, auto and property insurance providers Yahoo! Canada Insurance Centre, available at http://ca.yahoo.com/, is powered by Kanetix®, Canada's only national online insurance information and quotation service.

"Canadians can find the right policy, connect with the perfect quote and buy the best plan, all on yahoo.ca, " said Michael Zahra, general manager for Yahoo! Canada. "Yahoo! Canada Insurance Centre takes the guesswork out of insurance planning using simple, straightforward, free and confidential online tools, so you can get on with life's more entertaining activities."

In addition to being able to quickly and simply compare quotes from a variety of leading providers, Yahoo! Canada's new insurance center allows members to research insurance types, calculate life insurance needs, set-up automatic renewal reminders, and even apply for and purchase a policy online.

Among the many features on Yahoo! Canada's Insurance Centre:

• Quotes for auto, life and property insurance from a variety of leading providers
• Guides on life, auto and property insurance featuring helpful background information
• Coverage Analyzer to help determine a recommended type and level of life and auto using handy online calculators
• Articles providing valuable insurance-related information
• Glossary of insurance-related terminology

"Shopping for insurance doesn't have to be a nightmare, and for the many Canadians using Kanetix's online services, it's a very simple, convenient process," said Gregory Ellis, co-founder, Kanetix, "We're delighted to bring our service to the millions of Canadian members on Yahoo! Canada from coast-to-coast."

Yahoo! Canada's new Insurance Centre resides among the many useful products and services from Yahoo! Canada Finance, one of Canada's leading online personal finance and investing resources.

About Kanetix

Launched in October 1999, Kanetix is Canada's only national online insurance marketplace. The Kanetix insurance information and shopping service allows consumers to compare auto, life and property insurance quotes from a variety of Canada's leading providers. Users can select the insurance policy of their choice and complete the purchase online.

About Yahoo! Canada

Yahoo! Canada, www.yahoo.ca, is part of the Yahoo! global network and provides comprehensive and localized media, commerce and communication services to millions of Canadians each month. Users can also seamlessly connect to any of Yahoo!'s global properties Yahoo! Canada is headquartered in Toronto, Ontario.

About Yahoo!

Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services to more than 192 million individuals each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach. Yahoo! is the No. 1 Internet brand globally and reaches the largest audience worldwide. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. These services include Corporate Yahoo!, a popular customized enterprise portal solution; audio and video streaming; store hosting and management; and Web site tools and services. The company's global Web network includes 24 World properties. Yahoo! has offices in Europe, the Asia Pacific, Latin America, Canada and the United States, and is headquartered in Santa Clara, Calif.

Yahoo!, Yahoo! Everywhere and Yahoo! logo are trademarks and/or registered trademarks of Yahoo Inc. All other names are trademarks and/or registered trademarks of their respective owners.

For more information, please contact:

Rob Dittmer, Associate Public Relations Manager
Yahoo! Canada
(416) 341-5236
rdittmer@yahoo-inc.com

Josh Cobden or Christina Rodmell
Environics Communications
(416) 920-9000 ext 275/259
jcobden@pr.environics.ca / crodmell@pr.environics.ca

Gregory Ellis
Co-founder,
Kanetix
(416) 599-9779 ext. 201

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