Pittsburgh, PA (September 12, 2008) Grant Street Group, the Pittsburgh-based company that pioneered internet auctions of bonds, announced today that its auction web sites have exceeded $10 trillion in total volume, and hosted 100,000 auctions for 2,000 issuers.

Pittsburgh, PA (September 12, 2008) Grant Street Group, the Pittsburgh-based company that pioneered internet auctions of bonds, announced today that its auction web sites have exceeded $10 trillion in total volume, and hosted 100,000 auctions for 2,000 issuers. Since the first auction in November 1997, Grant Street Group has grown to become the world's largest auction house in the world (by dollar volume). Though turbulence in the credit markets has caused great concern throughout the financial world, clients continue to receive strong interest in their offerings.

Grant Street Group successfully conducted large-scale bond and note issues throughout 2008, including a $100 million bond auction for Miami-Dade County, Florida to fund their "Building Better Communities" program and four bond auctions for Ocean County, New Jersey with a total value exceeding $100 million. The Ocean County auctions were held on the Public Financial Management (PFM) private label site, where the open auction format provided the County with savings of nearly $100,000. Grant Street Group has hosted the PFM private-label web site for nearly 10 years.

Successful large-scale note auctions included a $977 million note auction for the City of Los Angeles and a $6.4 billion auction on the private label TRANTexas web site. A total of 15 bidders submitted 82 bids in the TRANTexas auction, where the notes received the highest ratings from Standard and Poor's, Moody's Investors, and Fitch Incorporated.

Federal agency clients such as Freddie Mac and the Tennessee Valley Authority continue to raise funds using Grant Street Group's AgencyAuction^TM. As of this month, Freddie Mac has successfully auctioned over $3.5 trillion in bills and notes; Tennessee Valley Authority over $63 billion.

Online auctions of guaranteed investment contracts (GICs) were also a major contributor in helping Grant Street Group reach the $10 trillion milestone. Grant Street Group's GICauction^TM website provides increased competition, transparency and unmatched record keeping capability. The IRS approved Grant Street Group's patented GIC auction process in September of 2007, and has issued proposed regulations stating that: "The Treasury Department and the IRS believe that electronic GIC bidding procedures generally offer the constructive potential for increasing the transparency of pricing of investments purchased with proceeds of tax-exempt bonds."

Certificate of Deposit (CD) auctions were yet another factor in reaching the $10 trillion volume mark. Ten State Treasurers currently use Grant Street Group private label web sites to invest their operating funds in CDs to banks of their choice. These auctions allow the State to benefit from a competitive investment rate, with the added benefit of investing millions of dollars in local banks. After a recent CD auction, Ohio State Treasurer Cordray said, "BidOhio puts the state's money to work in communities around the state allowing safe and solid return on our investments."

Pittsburgh, PA (July 29, 2008) Marking the end of an exhaustive selection process lasting nearly two years, the Broward County Commissioners unanimously approved a contract with Grant Street Group to supply the County with TaxSys^®, the nation's newest web-based tax collection and billing system.

Pittsburgh, PA (July 29, 2008) Marking the end of an exhaustive selection process lasting nearly two years, the Broward County Commissioners unanimously approved a contract with Grant Street Group to supply the County with TaxSys^®, the nation's newest web-based tax collection and billing system.

With a population of 1.8 million, Broward County is the second largest county in the state of Florida and the 15th largest in the nation. "This engagement is not only an important milestone for Grant Street, but also for the industry," said Myles Harrington, President of Grant Street Group. "Broward is the largest County in the Country to procure tax collection and billing software as a service, rather than as an installed solution. By choosing a hosted application that is delivered via internet, Broward is saving millions of dollars that would otherwise be spent installing and maintaining software on County-owned hardware," he added.

Broward's conversion to TaxSys is scheduled to be completed in only 15 months. This is possible for two reasons: 1) delivering revenue collection software as a service accelerates the design, test and implementation phases of system conversion, and 2) Grant Street has completed six other conversions from Manatron systems in the past 20 months.

Grant Street's most recently completed system conversion, for Pinellas County, took only 8 months. Commenting on this feat, Diane Nelson, Pinellas County Tax Collector said, "In a short timeframe, Grant Street migrated 4.5 million tax records from our outdated database to TaxSys. 99.9% were problem-free." Pinellas, like Broward, selected Grant Street Group's TaxSys application over Manatron's Government Revenue Management (GRM^®) offering.

Pittsburgh, PA (July 15, 2008) On Monday, July 14th, Grant Street Group hosted a successful auction for Freddie Mac on its private-label web site www.freddiemacauction.com.

Pittsburgh, PA (July 15, 2008) On Monday, July 14th, Grant Street Group hosted a successful auction for Freddie Mac on its private-label web site www.freddiemacauction.com.

From the Wall Street Journal: "A closely watched auction of $3 billion in Freddie's short-term debt drew more bids than usual. The company was able to sell its three- and six-month notes at lower-than-expected yields, which in turn helped keep its borrowing costs low. Some market participants said much of the demand for the auction appeared to come from banks and brokers, rather than conservative money-market funds that are traditionally large buyers of short-term debt.

'Wall Street has the most interest in the issue and wanted to make sure it traded well,' said David Glocke, senior portfolio manager at Vanguard Group.

The auction, which followed weekend moves by the U.S. Treasury and Federal Reserve to offer backstop financing to Freddie and sister company Fannie Mae, helped ease concerns that the mortgage companies might not be able to roll over their maturing debt. It bodes well for other agency debt sales in coming days."

Wall Street Journal article.

Pittsburgh, PA (July 9, 2008) Effective July 1, 2008, Florida Clerks of the Courts can conduct foreclosure and tax deed sales online.

Pittsburgh, PA (July 9, 2008) Effective July 1, 2008, Florida Clerks of the Courts can conduct foreclosure and tax deed sales online. Governor Charlie Christ signed into law House Bill 773, sponsored by Representative Chris Dorworth, authorizing Clerks of the Courts to conduct online auctions of foreclosure and tax deed sales and to accept deposits and payments electronically. In today's age of online services and e-commerce, the "courthouse steps" have become a less than ideal place to conduct foreclosure and tax deed sales. The dramatic increase in foreclosure filings in Florida has resulted in many counties having to add staff and hold sales three to five days a week in order to keep up with the increase.

"With the change in state law, Florida Clerks have a great opportunity to lead the way for their counterparts across the country - setting a new standard of efficiency and competition through online auctions," said Ian Yorty, Director of Florida Business Development for Grant Street Group.

To facilitate online sales, Grant Street Group has developed ClerkAuction™, a powerful online auction system designed specifically for Florida Clerks. This system will enable Clerks to replace their current tedious, labor-intensive live auctions with an automated online sale. Using ClerkAuction, Clerks will no longer have to dedicate staff, or pay for facilities and security when conducting their sales. The ever-growing volume of cases can also be scheduled for sale faster, putting the inventory of foreclosures back into the market, or tax deeds back onto the tax roll. "The benefits of an online sale will also extend to the customers," continued Mr. Yorty. "Its a win-win situation."

ClerkAuction provides strict internal controls with audit trails of all web site activity and keystrokes entered by bidders (bidder activity logs). This will eliminate the bidding discrepancies or bidder interference present in today's live auctions. Sale results are stored automatically, eliminating transcription errors, and the site stores official records in a secure and retrievable format.

The process is simple and radically reduces the amount of work involved in a sale. First, Clerks customize the look and feel of their ClerkAuction website. Bidders then access ClerkAuction from the Clerks home page, register for the sale, and bid online. The system provides useful information for bidders by linking to available case information, Property Appraiser, Tax Collector and GIS maps and images available on existing public web sites.

Real-time updates notify bidders when properties are removed or cancelled prior to the sale. After the sale closes, online forms are created and managed on the website and auto-populated with sale results. ClerkAuction generates sale results in seconds and allows deposits and payments to be submitted online, eliminating bidders' multiple trips to the courthouse.

For more information, please contact Ian Yorty, Director of Florida Business Development, at 305-710-8926, or Ian.Yorty@GrantStreet.com.

Pittsburgh, PA (June 2, 2008) Pinellas County, Florida became the 8th county to convert to TaxSys^®, Grant Street Group's web-based tax collection and billing system.

Pittsburgh, PA (June 2, 2008) Pinellas County, Florida became the 8th county to convert to TaxSys^®, Grant Street Group's web-based tax collection and billing system. Pinellas County is the 5th largest county in Florida, with nearly one million residents. Over a period of four years, the County worked with Microsoft in an attempt to create a custom-built, comprehensive tax collection and billing system. After seeing few results, Grant Street Group was brought in to replace Microsoft and implement a robust, configurable solution that meets the needs of the Tax Collector. Grant Street Group was able to implement its solution in just 8 months.

County Tax Collector Diane Nelson was impressed with both the speed and smoothness of the transition to TaxSys: "In a short timeframe, Grant Street migrated 4.5 million tax records from our outdated database to TaxSys. 99.9% were problem-free. We are happy to say that it has been a pleasure doing business with Grant Street Group".

With the upcoming addition of Broward County, Florida, TaxSys handles tax billing and collection for more than two million parcels in Florida. For more information, please contact Ian Yorty at (305) 710-8926, or Ian.Yorty@GrantStreet.com.

Pittsburgh, PA (April 24, 2008) This week, St. Lucie County, FL Tax Collector Bob Davis inaugurated DirecTDA, the new online tax deed application service from Grant Street Group that allows tax collectors to process tax deed applications in bulk and from end-to-end (i.e., from generating estimates to printing 512 and 513 Forms).

Pittsburgh, PA (April 24, 2008) This week, St. Lucie County, FL Tax Collector Bob Davis inaugurated DirecTDA, the new online tax deed application service from Grant Street Group that allows tax collectors to process tax deed applications in bulk and from end-to-end (i.e., from generating estimates to printing 512 and 513 Forms). In St. Lucie's case, the effort required to process bulk applications was reduced from days to minutes.

Assistant Tax Collector Larry Clancy was greatly pleased with DirecTDA's positive impact on efficiency: "In addition to working well the software accomplished its intended purpose - to save a great deal of time. We have processed about 300 [tax deed applications] and will continue to do more in the coming weeks."

St. Lucie enjoyed a number of additional conveniences as a result of the pre-existing integration between TaxSys, their web-based tax billing and collection system supplied by Grant Street Group, and DirecTDA. For example, there were no cumbersome data downloads between two different applications supplied by two different vendors. Using both TaxSys and DirecTDA clients can generate estimates, applications, payments and reports seamlessly and effortlessly.

We would welcome the opportunity to give you either an on-site demonstration or a phone demonstration of DirecTDA and/or TaxSys, which, with the addition of Broward County, handles tax billing and collection for more than two million parcels in Florida. For more information, please contact Jeff Harris at (412) 391-5555, or Jeff.Harris@GrantStreet.com.