Kanetix in the news

Media coverage and press releases

CALGARY, December 7, 2000 - 411HomeNet, the first real estate company uniquely dedicated to serving homebuyers, is now putting even more power in the hands of the buyer. 411HomeNet Chief Executive Officer Sanders Lee has announced a new alliance with Canadian online insurance provider Kanetix® that makes the 411HomeNet Web site a one-stop destination for homebuyers seeking insurance. Homebuyers are now able to search and apply for insurance from leading Canadian insurance providers through the 411HomeNet Web site. 411HomeNet is extremely pleased to be able to continue to simplify the home buying process through alliances with innovative companies like Kanetix.

"By providing access to this valuable online service we continue to fulfil our promise of putting power back in the hands of homebuyers," says Lee.

411HomeNet is a member of the Hopewell Group of Companies - one of Canada's most successful and dynamic real estate groups. Operating independently, 411HomeNet has created a service offering that is giving homebuyers important tools, information, and assistance both online and in-person with local buyer agents.

"This key alliance coupled with the existing relationship with our online mortgage provider, Basis100, makes 411HomeNet an even more powerful tool for the Canadian homebuyer," says Lee. "Now, not only can buyers find homes online and engage our team of Home Buying Specialists, they can also find and secure the most competitive insurance products on the market, and continue to access competitive mortgage products - all through the 411HomeNet site."

Kanetix, in association with 411HomeNet, provides online access to personalized insurance quotes. Kanetix's Web site quickly and easily enables consumers to compare and purchase insurance products online.

"Kanetix's integration with 411HomeNet empowers consumers to comparison shop and get the best value for their insurance dollar," said Gregory Ellis, Co-founder, Kanetix. "We're excited about our newly formed relationship with 411HomeNet and look forward to collectively delivering a great user experience to online insurance shoppers."

About Kanetix

Launched in October 1999, Kanetix is Canada's first and only full-service, online insurance marketplace. The Kanetix insurance information and shopping service allows consumers to compare property, automobile, and life insurance quotes from a variety of Canada's leading providers. Users can select the insurance policy of their choice and complete the purchase online. For more information about Kanetix, please go to www.kanetix.ca

About Basis100, Inc.

Basis100, Inc. (BAS - TSE), is a leading e-commerce technology solutions provider for financial service providers, enabling them to build, distribute, buy and sell their products and services in new ways. Basis100 is focused on the mortgage origination, consumer credit, fixed income trading, and automated property valuation markets across North America.

For more information, please contact:

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

George Small
Kanetix Co-founder
(416) 599-9779 ext. 202

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