June 7, 1999, Waltham, MA – Lewtan Technologies today announced that two leading law firms, Mayer, Brown & Platt and O'Melveny & Myers, have become contributing sponsors to ABSNet™ , the Internet service devoted to the asset-backed securities industry (http://www.absnet.net). The firms, both considered visionary in the securitization industry, will join Lewtan in an effort to broaden coverage of the legal aspects of securitization on ABSNet™ to make it a comprehensive resource for industry participants.

ABSNet™ currently features a Legal Topic Page that includes industry news, SEC registrations, and links to related content. Lewtan, with the guidance of Mayer, Brown and O’Melveny, plans to expand the legal content on ABSNet™ to support the informational requirements of industry participants. Areas under development include an online Legal Library, with materials ranging from legal research articles to electronic SEC registrations, and an index of securitization law firms and lawyers. The library and indices are planned for release in early July.

Legal professionals involved with securitization can currently access extensive ABS-related content on ABSNet™ by visiting http://www.absnet.net and completing the "Free Registration" form. The free "basic service" provides access to deal summary data, searchable SEC materials, daily market news from Reuters, deal prospectuses, and research and analyses from Standard & Poor's, Fitch IBCA, Duff & Phelps Credit Rating Co., Banc Once Capital Markets, Credit Suisse First Boston, and others.

"We're extremely pleased to have O'Melveny & Myers and Mayer, Brown working with us. The asset-backed industry has long been aware of the high-quality contributions both firms have made to the market. Furthermore, we recognize the need for industry participants to have ready access to securitization materials, and we feel fortunate to have these highly-respected firms on our ABSNet Online Legal Library Editorial Board. With their guidance, we’ll ensure that ABSNet becomes an invaluable resource for securitization lawyers," says Stuart Lewtan, President of Lewtan Technologies.

Lewtan continues to seek law firms who are interested in sponsoring ABSNet™. Interested parties may contact Anne Warner at awarner@lewtan.com.

About O'Melveny & Myers

O'Melveny & Myers has one of the most active finance practices in the country, with nearly 40 attorneys specializing in securitizations alone. In recent years, O'Melveny has represented the principal parties in over 50 CBOs and CLOs, aggregating in excess of $20 billion and helping to pioneer the securitization of charged-off credit cards, entertainment receivables, stranded costs, and auto leases. In recognition of its leadership in this area, O'Melveny was recently awarded CSSA's Capital Investors' Deal of the Year award for its representation of Bear with respect to the Stearns' Series 1998 C-1CMBS offering. See http://www.omm.com

About Mayer, Brown & Platt

Mayer, Brown & Platt is among the world's leading law firms, with offices in six major US cities, as well as abroad. For well over a century, Mayer, Brown has enjoyed a reputation in the most sophisticated areas of law, and has a distinguished area of securitization of assets and in sophisticated off-balance sheet financing mechanisms. Mayer, Brown has helped issuers, commercial banks, investment banks, rating agencies, institutional investors, sponsors, and other industry participants to securitize over $60 billion in a wide variety of assets. The Securitization of Financial Assets, a seminal legal treatise on securitization in the United States, is principally the work of Mayer, Brown lawyers. As national leaders in this field, Mayer, Brown was also chosen to represent the industry in recent projects with both federal bank regulatory agencies, the SEC, and the Financial Accounting Standards Board. See http://www.mayerbrown.com. Coming soon, see also http://www.securitization.net, sponsored by Mayer, Brown.