Security Asset Capital Corp. Launches New Web Site; The Debt Registry Anticipates Commitments Soon!

Business Wire, Jan 31, 2001

Business Editors/High-Tech Writers

LAS VEGAS--(BUSINESS WIRE)--Jan. 31, 2001

Security Asset Capital Corp. (OTCBB:SCYA) launched their newly designed corporate and investor Web site at http://www.securityasset.com.

The Web site is geared to inform shareholders, potential investors and financial professionals with corporate profile highlighting The Debt Registry(TM), stock quotes and charts, S.E.C. filings, and press releases.

David Walton, chief executive officer of Security Asset stated, "We plan to use the technology of the Internet and its capabilities to communicate with our shareholders and potential investors. We plan to announce The Debt Registry's first participants in February and communicating the significance of this landmark first-step will be communicated to the investment public through our Web site." Visitors to the Web site will be able to join SCYA's email list that will update them of all future events. The company plans to incorporate video and audio Webcasting through the Internet to further inform their shareholders of The Debt Registry's progress.

About Security Asset Capital Corp.

Security Asset Capital Corp. has recently developed and launched The Debt Registry(TM). The Debt Registry(TM) is an online data warehouse for the ownership and the continuous update of all consumer debt portfolio transactions for the financial services industry. The company is in discussions with Bank of America, G.E. Capital, the Associates, Bank One, Citibank, Chase and many other financial institutions to finalize a commitment that will require the purchaser to register the accounts with The Debt Registry(TM).

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 Exchange Commission.