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Revision History For: QUOT - Quotesmith

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Description Provided by Quotesmith:

"We believe that Quotesmith.com is the most comprehensive Internet-based
insurance service available. The Quotesmith.com service enables consumers and
business owners to obtain instant quotes from over 300 insurance companies, and
we guarantee the accuracy of every quote. Combining the reach and efficiency of
the Internet with our proprietary database and industry expertise developed over
the past 15 years, we provide a complete "quote to policy delivery" insurance
solution without the involvement of any commissioned salespeople.

We have created a model that addresses the challenges faced by traditional
insurance distribution methods in a manner that offers significant benefits to
both consumers and insurance companies. The Quotesmith.com model allows
consumers to: (1) efficiently search for, analyze and compare insurance
products; (2) quickly request and obtain insurance quotes; and (3) easily select
and purchase insurance from the insurance company of their choice. Since we
began providing instant insurance quotes on the Internet in May 1996, we have
delivered more than 27,000 policies.

Insurance premiums paid in the United States in 1998 represented over $1.1
trillion according to A.M. Best. The growing acceptance of the Internet and
electronic commerce presents a significant opportunity for the insurance
industry by allowing self-directed consumers to more efficiently and effectively
research and transact with insurance companies. The fragmentation of the
insurance industry and the significant price and product variation has led
consumers and insurance companies to seek alternative means of purchase and
distribution. According to Forrester Research, Internet-influenced sales of
insurance are expected to grow from $1.5 billion in 1998 to $11.0 billion in
2003. We believe that the vast information sharing and communications power of
the Internet will significantly improve the insurance industry for both
consumers and insurance companies.

While a number of new companies have emerged in an attempt to capitalize on
this online insurance opportunity, we do not believe that any of these efforts
fully addresses the limitations inherent in traditional insurance distribution
or the challenges faced by consumers in effectively purchasing insurance. The
Quotesmith.com solution provides the following principal advantages to both
consumers and insurance companies:

- Comprehensive source of insurance information and products including
insurance quotes from over 300 insurance companies across several types
of insurance and access to what we believe is the largest, most complete
repository of comparative information on insurance products, insurance
pricing and insurance providers.

- Guaranteed-accurate instant quotes for which we offer a $500 cash reward
guarantee that we provide an accurate quote. This Quotesmith.com
guarantee is unmatched by our competitors.

- A no salesperson approach that eliminates face-to-face commissioned
agents from the insurance purchase process and puts consumers in control
of their insurance purchase decisions.

- Convenience for consumers to gather information and compare insurance
products on a single Web site, from any location and on their own time.

- Quote to policy delivery support that provides continued, value-added
service and assistance throughout the insurance purchase process
including answering questions and arranging paramedical examinations.

- Focus on customer service through a highly-trained, experienced and
non-commissioned customer service staff that provides support throughout
the application process and aims to eliminate consumer dissatisfaction
and frustration.

- Fully licensed national insurance agency with the ability to provide
insurance policies to consumers throughout the United States.

- User friendly system that provides service 24 hours a day, 7 days a week
through an easy to use Web site designed for fast viewing and rapid
downloading.

The Quotesmith.com model is unique and distinct from both traditional and
online models. Our Internet-based model provides a complete "quote to policy
delivery" insurance solution that puts consumers in control of their insurance
purchase process. By providing extensive comparative information and responsive
customer service throughout the entire insurance information gathering and
purchase process, our model enhances the consumer experience at each stage and
streamlines the overall process. We are not a lead referral service or an online
distribution channel for a single insurance company, but rather we generate
revenues when our customers have successfully obtained an insurance policy from
the insurance company of their choice through our service.

We strive to be the leading Internet-based service for all insurance needs
of consumers and small businesses. We plan to continue to build the
Quotesmith.com brand, offer additional insurance products, expand the number of
participating insurance companies, leverage our customer base, strengthen and
pursue strategic relationships and continue to focus on customer service.

We incorporated and began our operations in March 1984 with an electronic
quotation and policy information service for insurance agents and brokers. Over
the past 15 years, we have been developing our proprietary insurance price
comparison service technology and industry expertise. In 1993, we became
licensed to offer insurance throughout the United States and in 1994 began
providing quotes directly to consumers. We recently entered into a strategic
agreement with Intuit Insurance Services, Inc., a wholly-owned subsidiary of
Intuit Inc., which licenses our insurance quotation database technologies and
extends our customer service and insurance brokerage capabilities to Intuit
Insurance Services and certain of its affiliated Internet sites."