Lewtan Announces Plans for ABSNet™

New service to deliver ABS performance data and other content across the Internet

For Immediate Release

Contact:
Jay Lebed
Lewtan Technologies, Inc®
781-672-1130
jlebed@lewtan.com
www.lewtan.com

April 26, 1998 , Waltham, MA - Lewtan Technologies ("Lewtan"), (Lewtan) , the leading technology provider to the asset-backed securities (ABS) industry, announced plans today for a new service called ABSNet™, to deliver asset-backed performance data across the internet. ABSNet™ is comprised of:

	Timely, standardized asset-backed performance data delivered to a subscriber's desktop
	Integrated tools for viewing and analyzing data, including comparisons across deals, issuers, and customizable benchmarks
	Alerts to identify and highlight user-defined conditions in incoming data
	Customized ABS news, research, and other content and resources useful to asset-backed professionals

ABSNet™ will address widely recognized problems with the infrastructure for communicating asset-backed performance data. These problems include reliance on fax-based communication, lack of reporting standards across deals, the absence of a central data repository, and the inaccessibility of much of this data to many asset-backed investors.

Standard & Poor's Ratings Services (S&P), as part of a previously announced partnership with Lewtan, will co-brand ABSNet™ and contribute asset-backed data and opinions to ABSNet™. In addition to this contribution, S&P is a founding sponsor of ABSNet™, and will work with Lewtan Technologies and others to develop and promote standards for asset-backed performance data.

ABSNet™ will be demonstrated at S&P's asset-backed conference, which will be held April 26th through April 28th in Palm Springs, California. Further details on the launch of this service will be provided in the coming months.

Stuart Lewtan, President of Lewtan Technologies commented, "The integration of software, performance data and other content can be powerful and compelling. That is especially true given the problems with the current asset-backed technology infrastructure. We are excited to be working with a partner of the caliber of S&P, and one that shares our vision of a new infrastructure for the industry. We look forward to working with other industry participants who also share this vision."

About Lewtan Technologies, Inc.

Lewtan Technologies, Inc.® is the leading provider of software, data and analytics to the global securitization industry. Founded in 1986, Lewtan serves over 200 securitization customers worldwide. In 1999, Lewtan, working with an industry consortium including Standard "&" Poor's, Fitch, Bank One and others, launched ABSNet (www.absnet.net). ABSNet is now the leading Internet source of structured finance news, data, research and analytics, with over 6,000 users in more than 50 countries. Lewtan offers industry participants "Powered by ABSNet" solutions that leverage ABSNet's web infrastructure, database and user base. Solutions benefit issuers, CDO collateral managers, dealers, investors, credit enhancers, trustees, rating agencies and asset-backed CP conduit sponsors.