NASD removes ``E'' From Security Asset Capital Corp's Trading Symbol

Business Wire, May 4, 2000

Business Editors

LAS VEGAS--(BUSINESS WIRE)--May 4, 2000

On May 5, 2000 the NASD will remove the fifth character identifier "E" from Security Asset Capital Corp.'s trading symbol (OTCBB:SCYA) as a result of the company's compliance with the OTC Bulletin Board Eligibility Rule.

On May 3, the company's Form 8-K\A, including its audited financials for the most recent two years, was accepted by the Security and Exchange Commission.

"We are very pleased with our new status as a fully reporting public company and our audited financial statements should enable our shareholders and potential investors to completely evaluate our business and financial well being," said Richard Gartrell, chief financial officer.

As a fully integrated technology company, Security Asset Capital Corp. and its subsidiary, Broadband Technologies Inc., specialize in the development of multimedia applications for a variety of industries. Broadband's technology has a future value exceeding $60 million, a valuation based on the expansion of Broadband's technology into uses that will: service existing industries in need of casting video to their clients, bring video on demand to the home, and provide multimedia storage and delivery. In addition, Broadband Technologies Inc.'s has a commitment to develop hardware and software for a new Internet-based financial sector registration system, similar to issuing CUSIP numbers for stocks. Several major financial institutions have already agreed to utilize and totally support this system's structured approach to documenting ownership of assets, such as charged-off loan portfolios.

Security Asset Capital Corp. owns and manages four subsidiaries: Broadband Technologies Inc., TheDebtTrader.Com, Security Asset Management Inc., and Security Asset Properties Inc. and works to create technological solutions for each of these entities.

Certain statements in this release constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Security Asset Capital Corp. to be materially different from these expressed or implied by such forward-looking statements.