Bondtrac Announces Fall 2002 Highlights:

Offerings Grow By Thousands of Bonds, Core Business Doubles

NEW YORK CITY, NY -- November 7, 2002 -- Bondtrac, Inc., a leading provider of fixed-income information for more than a decade, announced significant business growth in both its core offerings and new client additions during 2002.

Bondtrac provides full disclosure of broker/dealer offerings in municipal, corporate, agency, zeros, internationals, US Treasury and CD markets to professional subscribers through www.bondtrac.com, and through private-labeled broker, correspondent or customer web sites customized with the client firm's logos and brand identity. Bondtrac clients include registered representatives, portfolio managers, correspondents, traders & assistants, wealth managers, retail brokers & their customers, research analysts, trust investment officers and others who access fixed income information.

Bondtrac aggressively seeks new additions to its offerings to display to its 35,000+ end users. In the past month, more than 5,000 offerings per day have been added on the Municipals segment of Bondtrac, and thousands more have been added to Corporates and Agencies. Broker-dealers email Bondtrac Offerings department to send offerings or to set up a live feed of offerings direct from their system.

Bondtrac sales revenues have risen in tandem with its offerings expansion, and the company has close to doubled its core business in the past year.

"I've been using Bondtrac for several years now, and the people, the technology and the product just keep getting better," said Tony LaVeglia, Bear Stearns.

"We're proud of our growth -- it comes from our mission to provide our customers with instant access to the broadest array of offerings possible," said Dan Powers, President of Bondtrac. "Bondtrac customers are loyal to us because we work hard to earn their business."

About Bondtrac, Inc.

Bondtrac, a privately-held corporation founded in 1989, provides enterprise private-label and individual subscription services to more than 35,000 end users in banks and brokerage firms. Brokerage firms and dealer banks rely on Bondtrac services to provide their employees, correspondents and customers with on-line tools for finding, analyzing, and ordering corporate, agency, municipal, treasury, CD, and international bond offerings from the inventories of thousands of dealers. Bondtrac offices are located in New York, Oklahoma and San Francisco.

For more information, please visit http://www.bondtrac.com, or call Elizabeth Lewis, Vice President of Sales, at 212-297-6189.