Security Asset Capital Corp., ``SCYA'', Announcement

Business Wire, August 10, 1999

LAS VEGAS--(BUSINESS WIRE)--Aug. 10, 1999--

Security Asset Capital Corp. (Nasdaq:SCYA)("SCYA") has acquired 100% of the Note and Paper Trader, an Internet Marketing Company.

This wholly owned subsidiary has created a dynamic new presence for Internet sales of loan portfolios and opened its Internet portal "noteandpapertrader.com" for business this week. Michael Huffman is the company's executive director and is expecting steady and growing profits over the next 12 months.

Additionally, Security Asset Capital Corp. ("SCYA") sold two credit card loan portfolios on July 30, 1999, with a face value of over 6 million dollars, creating a substantial profit to the company. Additional sales and profits are pending and will be announced upon completion.

The company continues to be funded on an ever-growing basis by a group of certified financial planners in their commitment for 24 million dollars.

Security Asset Capital Corp. plans on tremendous expansion within the next 60 days -- look for more announcements soon!

Information herein supplied by management of Security Asset Capital Corp.