Sumx Announces Successful Implementation Of SumxNet At Millennium Bank

- In-house system provides imaging and banking services to online customers -

MADISON, Miss., May 8, 2000 -- Sumx Inc., an in-house electronic banking solutions provider, announced the successful implementation of its customizable Internet banking system, SumxNet, for Millennium Bank, a $45 million asset, nationally chartered Internet community bank based in Reston, Va.

SumxNet enables Millennium Bank to offer transaction tracking and billing, check categorization, unlimited history depth, check image access, bill payment and cash management services to its individual and business online banking customers.

Millennium Bank is unique because of the extremely short time frame in which the bank was built -- less than six months.  Thus, ease and speed of implementation were important considerations in choosing an Internet banking system.

"The ability to operate in-house and to be implemented quickly were the two major determining factors involved in our Internet banking system purchasing decision," said Tom Chmelik, CFO of Millennium Bank.  "We have made a determined effort to keep as many of our systems in-house as possible and SumxNet allowed us to do that with Internet banking.  In addition, SumxNet's flexibility and ease of installation enabled us to provide a variety of features and options, including check imaging, to our online customers in about 90 days."

"The key to SumxNet's flexibility is its intelligent Web template system, which enables Millennium Bank to customize the look and feel of its Web site to meet its branding and marketing objectives," said Bazile Lanneau Jr., president and CEO of Sumx.  "Because it is an in-house solution, SumxNet is easier to run and offers more functionality than outsourced solutions, which fit well with Millennium Bank's directives.  This implementation was an ideal proving ground for our system and strongly demonstrates SumxNet's capabilities as a flexible Internet banking solution."

About Millennium Bank

Founded in 1999, Millennium Bank is a nationally chartered bank based in Reston, Virginia with all of the bank's decisions centralized and made locally.  The board of directors is comprised of a cross section of local business people, familiar with the needs and expectations of consumers.  Millennium Bank offers its customers brokerage, leasing, insurance, consumer real estate, and settlement services under the vision of bringing both quality customer service and innovative technology to community banking.

Additional Contact: Tom Chmelik, EVP, at (703) 464-0100, via e-mail at tchmelik@thenetbanker, or visit the bank's Web site at www.thenetbanker.com.

About Sumx

Founded in 1995, with offices in Madison, Mississippi and Dallas, Texas, Sumx provides installation, training and support for their customizable, in-house electronic banking solution, SumxNet, to financial institutions throughout the United States.

SumxNet's intelligent Web template system supports branding and multiple identities for consumer and commercial web sites as well as the delivery of customized marketing and cross-sell information.  SumxNet features a strong transaction tracking and billing system and value-added features including check categorization, unlimited history depth, check image access and bill payment.

For more information on Sumx and SumxNet, visit the company's Web site at www.sumx.com, or write to: Sumx, 141 Executive Drive, Suite 5, Madison, MS 39110.

FOR MORE INFORMATION

SUMX INC.
Bazile Lanneau, Jr.,President & CEO
141 Executive Drive, Suite 5
Madison, MS 39110
(601) 445-2476
blanneau@sumx.com