ABSNet Facilitates Rapid Growth in the Secondary ABS/MBS Market

New ABS Shops rely on ABS Surveillance Tools and Research to Build Their Business

For Immediate Release

Contact:
George Henman
Lewtan Technologies, Inc.
p. 781.672.1230
www.lewtan.com

February 23, 2005, Waltham, MA Lewtan Technologies, Inc. (“Lewtan”) today announced the addition of several new ABS groups utilizing ABSNet (www.ABSNet.net) to support their daily business activity. Emerging secondary market participants including Southwest Securities and Schroders Investment Management make use of ABSNet for research, collateral performance data, and analysis.

ABSNet is the Structured Finance Industry's leading source for asset-backed securities surveillance and intelligence. ABSNet now contains detailed collateral and bond performance data on over 10,000 structured transactions including more than 1,000 non-US transactions, the largest such library available.

More than 250 financial institutions make use of ABSNet on a regular basis for ABS surveillance and intelligence. Up-and-coming market participants more quickly gain market acceptance and increased efficiency of execution using timely and accurate data available through ABSNet, which has been adopted as the industry standard.

“The market can be skeptical of new market participants and ABSNet has enabled us to gain market share and acceptance quickly through standardized reporting that is accurate, timely, and easy to access," said David Castillo, Managing Director of Southwest Securities. "Thanks to ABSNet, we now trade over $25 million per day and bid over 100 different issues.”

“Having research, trade journals, and performance data in one location saves me hours a day and enables me to compete with larger shops that employ several analysts,” said Matt Murphy, Vice President of Schroders Investment Management. Schroders Investment Management is a global fixed income manager with a growing presence in the US. Schroders has increased its domestic portfolio from $2 to $7 billion over the last two years, specializing in enhanced cash products which carry a high proportion of structured transactions.

About Lewtan Technologies

Lewtan Technologies, Inc. © is the leading provider of information and technology solutions to the global asset securitization industry. More than 250 institutions rely on Lewtan Technologies' solutions such as ABSNet, now the leading resource for ABS intelligence and surveillance in the global market. Lewtan also provides new European Cash Flow Models on ABSNet for multi-scenario deal analysis. ABS Discloser provides issuers with improved deal transparency and marketability, while Lewtan’s Issuer Suite automates an issuer's securitization administration and reporting process. In 2001, Lewtan and Deutsche Bank Corporate Trust launched iCDO, a full-service, Web-based transaction management system for issuers of collateralized debt obligations (CDO's). Lewtan Technologies has twice been awarded the International Securitisation Report’s “Global Technology Provider of the Year” award. More information is available at www.Lewtan.com