Andy,

here is an update on each of the Broker Client initiatives:

Power Merchant:

Credit: Agreed to $100 K collateral; Credit is working to get LOC in place
Contract: Signed
Customer List: In hand; Product control is verifying legal entities and global ids
Probability of Closing: 95%

Amerex:

Credit: Offered $1,000,000; Amerex is negotiating 
Contract: No Business Issues; Lawyers are working through terms
Customer List:  Amerex to send
Probability of Closing: 90%

Natsource:

Credit: Agreed at $1,000 K; Credit working on getting security in place
Contract: Executable Documents sent to Natsource on 3/6/01
Customer List: Product Control is verifying legal entities and global ids
Probability of Closing: 95%

Prebon:

Credit: No discussion yet
Contract: Draft incorporating LOI terms sent on 3/6/01; Prebon is to review and comment
Customer List: Prebon to send
Probability of Closing: 60%
Comments:  Business issues seem to be covered.  Prebon indicated that they felt it would be difficult to get everything done by the launch date on March 19th.  Are not willing to take the Amerex opinion concerning the Altra exclusivity agreement.