Security Asset Capital Corp. Completes Sale of Real Estate Division

Business Wire, April 17, 2001

Business Editors

LAS VEGAS--(BUSINESS WIRE)--April 17, 2001

Security Asset Capital Corp. (OTCBB:SCYA) today announced that it had completed the sale of its wholly-owned real estate subsidiary, Security Asset Properties.

The transaction included cash and a carry back note, and was a private sale with no commissions. The total value of the properties included in the sale was in excess of $4.95 million.

David Walton, CEO, stated, "The sale of the real estate division continues the company's focus on our technology divisions, The Debt Registry and Broadband Technologies Inc. We have been working to complete this sale for some time, and the improving San Diego real estate market allowed us to structure a transaction that was win-win for both parties. The cash proceeds from the sale have been dedicated to the development and operation of the Debt Registry."

Walton also stated that the company intends to continue to divest itself of other subsidiaries that do not fit within the company's technology-focused strategic plan. Proceeds from these sales will also be used to further fund the technology divisions.

The Debt Registry is an online registration and tracking system for the financial services industry. The company is in the final stages of development on the system. Once in service, the company plans to complete negotiations with most of the major financial institutions to require registration of all portfolios sold by these banks. The Debt Registry expects to begin to accept registrations during the second quarter of 2001.

This news release includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities and Exchange Commission.