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Press Release

May 15, 2000

Contact:

Uri Feldman, CEO
Oloop
101 South Park Street, Second Floor
San Francisco, CA 94107
(415) 348-8877

Karlyn Carnahan named VP Product

San Francisco, CA - May 15, 2000

Oloop, Inc, developer of an online homeowners insurance center, announces today the appointment of Karlyn Carnahan as Vice President of the Product and Site.

As Vice President Product, Ms. Carnahan is responsible for designing and implementing the product and site, as well as developing and maturing insurance company and affinity partner relationships. She will be the driving force behind the development of all internet functionality and insurance partnerships. She will also lead expansion plans to build Oloop's staff and launch the site by year end.

"Oloop, Inc is growing rapidly and needs a talented and seasoned executive team to support our business objectives and product development," said Uri Feldman, CEO, Oloop. "Karlyn's leadership, vision and years of experience in the Insurance and Internet field are a great asset as we implement our strategy."

Karlyn has worked in the insurance industry for 22 years. After a distinguished career culminating as an AVP at Fireman's Fund, with responsibilities including managing the agent relationships, new product research and design, commercial underwriting, and loss control, she joined Andersen Consulting, where she advised insurance companies in product design and claims system development. Karlyn joined NORCAL Insurance as Vice President, where she led the overall marketing efforts, including market research, product design, ratemaking, distribution channel management, sales support, corporate communications, advertising and public relations. Most recently, Karlyn was Senior Vice President of Product Planning at InsWeb, where she was responsible for all products (auto, home, life, specialty lines, and health). Industry Designations include CPCU, CPD, AAI, and ASP. She graduated magna cum laude from Cogswell College with a degree in Safety and Fire Protection Engineering, and received her MBA from Stanford University in 1987.

About Oloop:
Oloop Inc. was founded in 1999, and obtained initial funding in April, 2000. The company, headquartered in San Francisco, CA., is privately held and operates under the name of Oloop Inc. The company is building on line functionality for the homeowner's insurance marketplace.

CONTACT:Oloop, Inc. San Francisco -- Complete information is available at www. oloop.com. For additional information, please call Uri Feldman, CEO, 415-348-8877 or Feldman@oloop.com