1998-1999 News from TIPS

• April 1, 1999 - TIPS, Inc. announces the availability of our Fixed Income Calculations Server .

• April 16, 1999 - TIPS, Inc. announces the availability of the Web's Fixed Income Calculator .

• July 2, 1998 - Merrin Financial First Trade Order Management Software Developer to Use TIPS Engine for Advanced Fixed Income Functionality.

• June 23,1998 - TIPS announces its Standard Securities Calculation Add-in, a spreadsheet add-in fuction interface to the SIA/PSA Standard Securities Calculations Library

• June 1, 1998 - TIPS delivers a native JAVA version of the SIA/PSA Standard Securities Calculations Library to its first customer for use in an internet based live bond trading system.

• January 12, 1998 - TIPS, Inc. enhances the SIA/PSA Standard Securities Calculations Calculator to facilitate Year 2000 testing.

• January 7, 1998 - TIPS, Inc. makes available a testing environment to facilitate Year 2000 testing for fixed income.