H-Net.Net, Inc. Signs Letter of Intent to Initiate In-House Leasing Facility

MARKHAM, Canada, Jul 8, 2003 /PRNewswire-FirstCall via COMTEX/ -- H-Net.Net (OTC Bulletin Board: HNTN) today announced the Signing of a Letter Of Intent with Smart Leasing, a private United States company located in Massachusetts, to create an "in-house" program for the Company.

This new program will give H-Net.Net, Inc., the opportunity to increase the sales of their digital solutions for the vision care industry, through the use of an affordable and flexible plan customized for the individual end user. The current price range of the H-Net.Net, Inc., systems are $3,000 to $10,000.

Smart Leasing has offices throughout the United States and processes leasing contracts for heavy equipment, the telecom, and restaurant and liquor industry. Commenting on the agreement, Smart Leasing President, Paul Murphy stated, "We generally see increases in business up to 30% (thirty percent) when a company initiates an in-house leasing program."

Anton Stephens, President and CEO of H-Net.Net, Inc., said of the agreement, "I feel that this is an exciting opportunity to increase sales by giving H-Net the ability to generate new business as well as making potential clients, who are currently on the economic borderline, re-evaluate the cost effectiveness of our systems. Through this program they will have a lower up- front cost and the opportunity to spread payments over a period of time."

H-Net.Net, Inc. is emerging as a global digital solutions provider for the vision care industry. With its multi-service Internet portal, web-hosting services, business applications services and Internet based transaction processing services, H-Net provides services to retail opticians, chains, home offices, optometrists and optical labs.