Home Depot Names iXL As Primary E-Business Partner

Internet services company iXL Inc. has won an initial contract with Home
Depot to expand its e-commerce presence.

Terms of the agreement were not
disclosed.

“Home Depot is tapping our core strengths in online retail, online learning
and enterprise relationship management in order to redefine e-tailing for the
home improvement market,” said Bill Nussey, president and CEO of iXL Inc.

“iXL’s experience in the retail sector, combined with the right mix of
strategy, creativity and interactive expertise, will enable us to redefine
how the Internet services customers;” said Ellen Dracos, director of homedepot.com.

Home Depot operates 890 stores in the United States, Canada, Puerto Rico and
Chile and said it expects to be operating more than 1,900 stores by the end
of the year 2003.

Home Depot’s Web site was designed to extend the company’s
customer service from the stores to the Internet by providing customers with
more than 150 Project How-To’s, a personalized home page and various project
calculators.

iXL Enterprises Inc. is the parent company of iXL Inc. and the Consumer
Financial Network Inc.