LendingTree Completes Acquisition of GetSmart

LendingTree Completes Acquisition of GetSmart
LendingTree and GetSmart exchanges will enable lenders to enjoy the benefit of
broader bases of consumer volume 


CHARLOTTE, N.C., Dec. 16  /PRNewswire-FirstCall/ -- LendingTree, Inc., the
leading online lending and real estate exchange, today announced that the
Company has successfully acquired certain assets of GetSmart from Providian
Financial Corporation .

Under this agreement, LendingTree has acquired the GetSmart brand and expects to
continue to maintain the relationships with the more than 100 lenders who
participate on the GetSmart network.  In addition, LendingTree will also offer
the GetSmart platform to the more than 200 lenders who participate on the
LendingTree exchange.

The two brands will complement each other, as they offer distinct value
propositions to both lenders and consumers who are interested in leveraging the
Internet for online loan options and alternatives.

About LendingTree, Inc.

Founded in 1996, LendingTree, an operating business of IAC/InterActiveCorp
(NASDAQ:IACI), is the leading online lending Exchange that connects consumers,
Lenders, REALTORS(R), and related service providers. The LendingTree Exchange is
made up of more than 200 banks, lenders, and brokers (Lenders) and has
facilitated nearly $68 billion in closed loans since inception. More than 10
million consumers have accessed the LendingTree Exchange through the Company's
site at http://www.lendingtree.com/ and through online and offline partners.
Loans available via the LendingTree Exchange include home mortgage, home equity,
automobile, personal, debt consolidation, and credit cards. LendingTree is the
No. 1 brand in the online lending market for consumers, with 73 percent national
awareness. The LendingTree Lend-X technology has been cited as 'the platform of
choice'(a) for online lending and has been adopted by industry leaders to power
their online lending initiatives. The LendingTree Realty Services offering
connects consumers to a nationwide network of approximately 9,000 REALTORS(R).
LendingTree's services and products are specifically designed to empower
consumers, Lenders, and related service providers throughout the lending
process, delivering convenience, choice, and excellent value.

About IAC/InterActiveCorp

IAC/InterActiveCorp (NASDAQ:IACI), formerly USA Interactive, is comprised of the
following operating businesses: Expedia, Inc., which oversees Interval
International and TV Travel Shop; Hotels.com; HSN; Ticketmaster, which oversees
Evite and ReserveAmerica; Match.com, which oversees uDate.com; Entertainment
Publications; Citysearch; Precision Response Corporation; and LendingTree. The
goal of IAC is to be the world's largest and most profitable interactive
commerce company by pursuing a multi-brand strategy.

(a) Resuscitating Mortgage Lending. Forrester Research, March 2001

REALTOR(R) -- A registered collective membership mark that identifies a real
estate professional who is a member of the National Association of REALTORS(R)
and subscribes to its strict Code of Ethics.

This press release contains forward-looking statements within the meaning of the
"Safe Harbor" provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include statements regarding: projected future
revenues; optimism about the results of certain strategic and consumer
initiatives; product and technological implementations; and projected
expenditures and growth. These statements are based on management's current
expectations or beliefs and are subject to a number of risks and uncertainties
that could cause actual results to differ materially from those set forth in the
forward looking statements. The Company's actual results might differ materially
from those stated or implied by such forward-looking statements due to risks and
uncertainties associated with the Company's business, which include, but are not
limited to: variations in consumer demand or acceptance; the willingness of
lending institutions to offer their products over the Internet; further changes
in the Company's relationships with existing banks, lender, and brokers
(Lenders), companies, and/or strategic partners; the Company's ability to
attract and integrate new lending companies and strategic partners;
implementation of competing Internet strategies by existing and potential
lending participants; implementation and acceptance of new product or service
offerings, consumer lending industry regulation; competition in all aspects of
the Company's business; fluctuations in operating results; or other unforeseen
factors. The forward-looking statements should be considered in the context of
these and other risk factors disclosed in the Company's filings with the
Securities and Exchange Commission.

  Contact:
  Mindy Neubauer
  LendingTree
  [phone]
  

DATASOURCE: LendingTree, Inc.



Contact: Mindy Neubauer of LendingTree, [phone], or





Web site:  http://www.lendingtree.com/

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