Bondtrac Named 'Innovator of the Year' by the Oklahoma Business Community

OKLAHOMA CITY, OK – April 2, 2005 – Oklahoma City-based Bondtrac, Inc. was named a Journal Record 'Innovator of the Year' by a judging panel of Oklahoma business leaders for the Bondtrac ProInvestor product.

The Bondtrac ProInvestor product, which was launched in 2004, was designed to increase the transparency and liquidity in the over-the-counter bond markets by making pre-trade pricing and availability information to bond market participants that have traditionally been lacking in complete fixed-income information. With ProInvestor, independent investment advisors, private money managers, or fund managers can search Bondtrac's online database for corporate, municipal, agency and treasury bond offerings that meet specific selection criteria such as maturity date, rating, and yield. Full security descriptions are available and an advanced bond calculator allows users to perform a wide range of 'what-if' scenarios and analytics.

"Like the Bondtrac XT product (released in 1999), the ProInvestor product consolidates the bond inventories of hundreds of broker/dealers (including virtually every major brokerage firm in the country) to provide thousands of fresh bond offerings that are continuously updated throughout the day," said President and CEO of Bondtrac, James Tappan.

"Bondtrac XT provides complete offering information for brokers and traders. Now, through our ProInvestor product, buy-side professionals including trust departments, bond dealers or even high net worth individual investors have access too much of the same information. These products are unique in the bond market because we are the only source of fully disclosed, independent fixed-income offering information."

Sponsors for the eighth annual Journal Record Innovator of the Year Awards were Dunlap, Codding & Rogers PC; Ernst & Young; Oklahoma Center for the Advancement of Science & Technology (OCAST); i2E; Kerr-McGee Corp.; and First Fidelity Bank.

Mary Fallin, Lt. Governor of Oklahoma welcomed the attendees and made the opening remarks. Mary Mellon, publisher of The Journal Record acted as the emcee for the event. First Fidelity Bank's President and CEO, Lee Symcox introduced the keynote speaker, Ted Easton, of Tulsa-based Bama Cos.

About Bondtrac

Bondtrac, a corporation founded in 1989, provides the largest fully disclosed source of more than 30,000+ fresh municipal, corporate, agency, CD, zeros, STRIPs, internationals, mortgage-backed and US treasury offerings to more than 40,000 users in brokerage firms and dealer banks. Bondtrac XT or Bondtrac ProInvestor products are available by subscription at www.bondtrac.com or www.btproinvestor.com and through enterprise integrations that provide client firms with private-label bond trading and information systems built using the Bondtrac web-based services.