Pittsburgh, PA December 11, 2001-- Grant Street Group announced today that it began offering its new Document Posting and Distribution Services (DPDS) to the investment community in early November.

Pittsburgh, PA December 11, 2001-- Grant Street Group announced today that it began offering its new Document Posting and Distribution Services (DPDS) to the investment community in early November. In addition to creating, archiving and electronically distributing Preliminary Official Statements (POS) and Notices of Sale (NOS), Grant Street posts Final Official Statements (OS) and other information to assist issuers in fulfilling their ongoing continuing disclosure requirements. Grant Street already has several clients using the service.

Grant Street Groups new service handles this electronically through the use of a common format, (. pdf) file formatting. This service is available for both competitive and negotiated offerings. Information will be posted on the web site for as long as the client requests.

In an effort to help money market participants recover from the impact of Tuesday's tragedy, Grant Street Group is offering the use of its YieldAuction web site -- free of charge -- to institutional CD and TD players.

In an effort to help money market participants recover from the impact of Tuesday's tragedy, Grant Street Group is offering the use of its YieldAuction web site -- free of charge -- to institutional CD and TD players. Our staff will be available by phone to assist you and your counterparties with web site demonstrations and training.

YieldAuction ( www.yieldauction.com ) is designed to facilitate: 1) direct purchase and sale of CDs between issuing banks and institutional investors, and 2) placement of time deposits. During the past few weeks we have made (and we will continue to make) numerous enhancements to the web site at the suggestion of market participants, including the addition of a bulletin board for banks to post rates and of a feature that allows buyers to control how bids are solicited.

We hope that making the site available at no charge through the end of September will help money market participants fill the void left as a result of the destruction, disruption, and tragic losses suffered by broker-dealers and other market players.

The site will be available beginning Monday, September 17. Those wishing to use it, or wishing to learn more about how using it can help them, need to contact us, to register and to be trained in its use.

Contact Robert Miller by phone at 412-391-5555 ext. 339 or by email at Miller.Robert@grantstreet.com.

Pittsburgh, PA (September 12, 2001) -- The State of Texas conducted a successful auction today using its investment web site, www.BidTX.com, to purchase $70 million of 6-month certificates of deposit.

Pittsburgh, PA (September 12, 2001) -- The State of Texas conducted a successful auction today using its investment web site, www.BidTX.com, to purchase $70 million of 6-month certificates of deposit. The bidders--41 Texas banks--submitted 143 bids totaling $110 million, which compares favorably with results of similar auctions conducted by the State in recent months. "We are pleasantly surprised by the large number of bidders and the bidding volume. In light of yesterday's tragedy, we expected the capital markets to be paralyzed today," said Myles Harrington, President and Co-Founder of Grant Street Group, the Internet auction firm that created and administers the BidTX web site, as well as a dozen other institutional fixed-income trading sites, including MuniAuction.

Pennsylvania State Treasurer Barbara Hafer has announced plans to launch BidPA, an on-line auction platform allowing Pennsylvania banks to competitively sell Certificates of Deposit to the Treasury Department.

Pennsylvania State Treasurer Barbara Hafer has announced plans to launch BidPA, an on-line auction platform allowing Pennsylvania banks to competitively sell Certificates of Deposit to the Treasury Department. Treasurer Hafer will hold two back-to-back auctions on a monthly basis for 3 month and 6 month CDs. The first two auctions will be held on Wednesday, September 26.

"By creating the on-line auctions, we advance Treasury's goal of investing locally whenever possible to encourage economic development within the state and, at the same time, we benefit Pennsylvania financial institutions and Pennsylvania taxpayers", said Hafer. "The auctions create a level playing field for qualified financial institutions to compete for state investments, while helping to ensure that we are getting the best return for the taxpayers."

"Treasurer Hafer is the first State Treasurer in the country to conduct Internet auctions for two different CD maturities, and consequently, we expect Pennsylvania will have more bidders than any other state - which can only result in better rates," said Myles Harrington, President and Co-Founder of Grant Street Group.

The Grant Street Group has created similar private-label web sites for five other states -- Ohio, South Carolina, Texas, Louisiana and Idaho.

Pittsburgh, PA (June 6, 2001) -- Grant Street Group (formerly MuniAuction) has served Thomson Financial (Toronto, Canada Exchange TOC.TO) with a complaint filed in Federal Court for the Western District of Pennsylvania, alleging patent infringement.

Pittsburgh, PA (June 6, 2001) -- Grant Street Group (formerly MuniAuction) has served Thomson Financial (Toronto, Canada Exchange TOC.TO) with a complaint filed in Federal Court for the Western District of Pennsylvania, alleging patent infringement. In December 2000, the U.S. Patent and Trademark Office awarded a patent to Grant Street Group for its unique new process of electronic bidding on new issues of fixed-income instruments. Since then Thomson has completed more than 350 competitive municipal bond sales using the patented methodology. Generally, the patent covers a process of auctioning bonds and soliciting investments with the following five characteristics:

1) An issuer of securities, 2) selling or purchasing fixed income instruments over an electronic network, 3) using an auction (or "competitive sale") format, 4) with software that performs an interest cost calculation, 5) employing a web browser for inputting, computing, submitting, or displaying data.

"We had hoped to avoid a protracted and expensive legal contest with Thomson," said Myles Harrington, President and Co-Founder of Grant Street Group, "but, since the patent issued, they have refused to meet with us to resolve the matter amicably."

Attorney Ray Niro from the Chicago law firm of Niro, Scavone, Haller & Niro will represent Grant Street Group. Mr. Niro is widely recognized as one of the countrys most successful plaintiffs attorneys in the field of intellectual property litigation. Since 1997 his clients have received jury verdicts and settlements for patent infringement with an aggregate value exceeding $250 million. The firm has extensive experience in the litigation of intellectual property cases, including patent, trademark and copyright infringement, trade secret misappropriation, unfair competition and related business torts.

WILMINGTON, Del.--(BUSINESS WIRE)--May 29, 2001 via NewsEdge Corporation - Wilmington Trust introduced the financial industry's first online transaction Web site connecting brokers-dealers, issuers, and indenture trustees of auction reset securities, a frequent investment option for corporations and high-net-worth individuals.

WILMINGTON, Del.--(BUSINESS WIRE)--May 29, 2001 via NewsEdge Corporation - Wilmington Trust introduced the financial industry's first online transaction Web site connecting brokers-dealers, issuers, and indenture trustees of auction reset securities, a frequent investment option for corporations and high-net-worth individuals.

Through wtauctions.com, Wilmington Trust enters the $50 billion auction reset securities market. Traditionally, most other providers facilitate transactions using less timely and less secure processing methods, such as fax machines and e-mail. By using wtauctions.com, however, investors are assured a secure real-time flow of information among broker-dealers, issuers, and indenture trustees.

"Automating the cumbersome auction reset exchange process makes it a tremendously more appealing option for both investors and issuers," said Michael Diaz, a vice president in Wilmington Trusts specialty corporate trust business, who is spearheading the sales effort for wtauctions.com. "This service not only makes these highly complex financial transactions easier to execute, but also makes them more profitable for investors and issuers alike."

Using Web-based technology, wtauctions.com sets the standard for serving as auction agent for auction reset securities. These securities carry floating rates that are reset by a series of Dutch Auctions in the broker-dealer community. As the auction agent, Wilmington Trust receives the bids, calculates the winning rate, and settles the securities with the Depository Trust Company, all within a matter of minutes.

Reports are customized by a user profile, secured by the most advanced encryption technology, and are available 24 hours a day, 7 days a week over the Web. "It shouldn't be a surprise that Wilmington Trust is first to the Web in delivering instant exchanges and greater security for high-net-worth transactions," Diaz said. "We entered this finance segment to help facilitate its growth by creating a state-of-the-art auction system the first of its kind."

About Wilmington Trust

Wilmington Trust Company, a wholly owned subsidiary of Wilmington Trust Corporation (NYSE:WL), was founded in 1903. The company provides wealth management, corporate trust, and commercial banking services to customers throughout the United States and in more than 50 other countries online and from offices in California, Delaware, Florida, Maryland, Nevada, New York, Pennsylvania, London, and the Cayman and Channel Islands. For more information about Wilmington Trust, visit www.wilmingtontrust.com.

Pittsburgh, PA (May 17, 2001) -- Mellon Financial Corporations Global Securities Lending Group conducted its first Internet based auction of securities held in custody on Wednesday, May 16.

Pittsburgh, PA (May 17, 2001) -- Mellon Financial Corporations Global Securities Lending Group conducted its first Internet based auction of securities held in custody on Wednesday, May 16. Dealers submitted bids to borrow shares of a highly sought after equity in an open auction lasting 30 minutes. During the auction, bidders were permitted to see whether their bids were "leading" or "not leading" and then improve them. "We were pleasantly surprised by how smoothly this first auction proceeded", said Dessie Bonacci, Vice President of Mellon Financial's Global Securities Lending Group. "We plan to conduct similar auctions regularly in the future, because we believe the auction format will help us to get the best available prices for our customers' securities rapidly and efficiently."

Grant Street Group developed and maintains Mellon's private label auction web site, www.MellonGSLauction.com. Eric Glassbrenner, Grant Street's Project Manager for the Securities Lending site said, "We are delighted to have this opportunity to support Mellon's latest Internet initiative." "This is a logical application of Internet technology to the capital markets; one which others will no doubt follow," he added.

Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of asset management, trust, custody and benefits consulting services and offers a comprehensive array of banking services for individuals and corporations. Mellon has approximately $2.8 trillion in assets under management, administration or custody, including $520 billion under management. Its asset management companies include The Dreyfus Corporation and Newton Investment Management Limited (U.K.).

BidOhio, an Internet-based auction platform created by Grant Street Group for the Ohio Treasurer's jumbo CD program, won its third national award when the Government Finance Officers Association (GFOA) selected Ohio to receive the Louisville Award for Financial Innovation.

BidOhio, an Internet-based auction platform created by Grant Street Group for the Ohio Treasurer's jumbo CD program, won its third national award when the Government Finance Officers Association (GFOA) selected Ohio to receive the Louisville Award for Financial Innovation. BidOhio has previously been recognized by the Association for Financial Professionals and MuniNet Magazine and is a semi-finalist for the Innovation in American Government Award given by Harvard's John F. Kennedy School of Government.

"I am honored that BidOhio continues to be recognized nationally, especially considering the quality field of entries," said Ohio Treasurer Joseph Deters. "But the real winners continue to be Ohio taxpayers and communities, both of which are well-served by BidOhio's success."

On Tuesday, April 17, 2001, the State of Louisiana will hold its first Internet auction for jumbo certificates of deposit (CDs) on its private-label web site (www.BidLouisiana.com) created by the Grant Street Group.

On Tuesday, April 17, 2001, the State of Louisiana will hold its first Internet auction for jumbo certificates of deposit (CDs) on its private-label web site (www.BidLouisiana.com) created by the Grant Street Group. The Louisiana Department of the Treasury will conduct quarterly auctions for the placement of $50 million in State funds with Louisiana banks offering the best rates. Louisiana is the fourth state to utilize this on-line, competitive auction platform for its CD investments, joining the ranks of Ohio, South Carolina and Texas.

Pittsburgh, PA (February 12, 2001) MuniAuction, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, has changed its name to Grant Street Group.

Pittsburgh, PA (February 12, 2001) MuniAuction, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, has changed its name to Grant Street Group. The new name reflects completion of the company's transition from an Internet auctioneer for new municipal bond issues to a unique application service provider (ASP) that both hosts Internet auctions of financial instruments and develops customized software to support auctions and administration of institutional sales and purchases of fixed-income financial instruments.

On December 12, 2000, the US Patent and Trademark Office issued the company a patent, giving the firm exclusive rights to conduct (or license its method of conducting) bond auctions and investment solicitations that have the following five characteristics:

1) an Issuer of securities, 2) selling or purchasing fixed income instruments over an electronic network, 3) using an auction (or "competitive sale") format, 4) with software that performs an interest cost calculation, 5) employing a web browser for inputting, computing, submitting or displaying data.

"Achieving two important milestones precipitated the decision to change our name: 1) reaching $1 trillion in cumulative auction volume last November, which represents 10% of total annual US bond issuance; and, 2) obtaining a patent on our auction methodology," said Myles Harrington, President and co-Founder of the company. He added, "As a consequence of these achievements, we are receiving inquiries every month from global financial institutions that are interested in trying new applications for our patented methodology that are supported by our software development and auction administration expertise."

Pittsburgh, PA (February 5, 2001) -- MuniAuction, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, and who recently received a patent on its auction methodology, hosted the first Internet auction of a tax-exempt interest rate swap on February 1.

Pittsburgh, PA (February 5, 2001) -- MuniAuction, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, and who recently received a patent on its auction methodology, hosted the first Internet auction of a tax-exempt interest rate swap on February 1. The Commonwealth of Massachusetts conducted the auction on their private label web site, www.BidMass.com, created and maintained by MuniAuction. The notional amount of the floating-to-fixed rate swap auction was $496,225,000. The winning bidder was Morgan Stanley Dean Witter with a rate of 4.150%. The cover bid, submitted by Salomon Smith Barney, was 4.248%. The third and fourth place bids were submitted by Lehman Brothers (4.266%) and Goldman Sachs (4.285%), respectively. The swap bids represented an important part of a multi-phase financing plan that included the issuance of $250,000,000 of fixed rate bonds via competitive sale in January, the issuance of $468,420,000 fixed rate refunding bonds on February 1, and the issuance of $496,225,000 of weekly variable rate refunding bonds within the next two weeks.

BidMass recently used the same private label web site for two other sizeable financing transactions, including a $400 million one-year note auction last August and a $250 million bond auction two weeks ago. In both cases, the Commonwealth employed innovative auction formats such as: i) a "two-minute-rule" that triggered several two-minute extensions whenever a leading bid was submitted with less than two minutes remaining on the auction clock, thereby giving all other bidders an opportunity to enter new leading bids before the end of the auction extension period; and ii) displaying each bidders rank relative to other bidders (without displaying others bids), to guide them in making appropriate improvements in their bids during the auction. These innovations were not incorporated into the swap bidding procedures yesterday, in recognition of the fact that it was the bidders first electronic swap auction.

"The Commonwealth of Massachusetts is firmly committed to executing its capital markets transactions as efficiently and as competitively as possible," said Jeffrey Stearns, Deputy Treasurer for the Commonwealth. "Internet bidding is a significant improvement over past practices," he added.

Myles Harrington, President and Co-Founder of MuniAuction said, "based upon recent inquiries that MuniAuction has received from other prominent bond issuers, who are contemplating similar floating-to-fixed swap arrangements, MuniAuction will host several more swap auctions for bond issuers in the first quarter of 2001." "This is another important application for our patented methodology," he added.

Pittsburgh, PA, January 18,2001- MuniAuction's online bid calculator, MuniComp, continues to impress underwriters, issuers and financial advisors alike.

Pittsburgh, PA, January 18,2001- MuniAuction's online bid calculator, MuniComp, continues to impress underwriters, issuers and financial advisors alike. "The unique combination of MuniComp's features creates an "auction tool" with which underwriters can both calculate and submit bids while still actively participating in a real-time auction" says Chris Blackwood, Manager of E-Commerce at Kirkpatrick Pettis Financial Advisors. Blackwood added that "the ability to store and submit multiple bids adds great value to the dynamic auction process, improving the efficiency of the process and potentially lowering interest rates to the issuer."

Pittsburgh, PA, January 18,2001- MuniAuction has conducted another transaction in Auction Rate Preferred securities (ARPs) through Wilmington Trust, (http://www.WTauctions.com).

Pittsburgh, PA, January 18,2001- MuniAuction has conducted another transaction in Auction Rate Preferred securities (ARPs) through Wilmington Trust, (http://www.WTauctions.com). MuniAuction's ability to create auction and exchange platforms for the capital markets has created opportunities for development of a wide range of web-based applications. MuniAuction typically creates the platforms for its clients and then hosts their transactions on its own servers.

MuniNet Guide and Review, a newsletter designed for professionals working in the state and local government arena, named MuniAuction, BidOhio and BidSC in its top picks of outstanding web sites in 2000.

MuniNet Guide and Review, a newsletter designed for professionals working in the state and local government arena, named MuniAuction, BidOhio and BidSC in its top picks of outstanding web sites in 2000. These Grant Street Group web sites captured 3 of the 4 top picks in the Municipal Finance category.

MuniNet cited MuniAuction as the "premier provider of online municipal bond auctions" and "king of the online municipal bond market auction industry". BidOhio, the first auction web site for jumbo certificates of deposit, remains a top pick of MuniNet due to its innovative nature and consistent performance in its second year of operation. South Carolina's BidSC site joined the ranks of BidOhio as the second investment auction web site and has been labeled a huge success by State Treasurer Grady Patterson, Jr.

FWW Press Release: FWW Financial, Ltd. is pleased to announce the development of its private label website, www.FWWAuction.com.

FWW Press Release: FWW Financial, Ltd. is pleased to announce the development of its private label website, www.FWWAuction.com. FWW Auction will allow our clients access to the benefits of issuing and marketing bonds by a competitive auction process. The competitive auction allows for an interactive market environment as well as eases the process of electronic distribution of Official Statements. FWW Financial is the first independent financial advisor in the upper Midwest to develop a competitive auction environment for the general use of its clients. FWW Auction is a product of Grant Street Group, parent of MuniAuction.