``SCYA'' Acquires Four D Corp. valued at $4.65 Million; Announcement.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Jan. 31, 2000

Security Asset Capital Corp.(OTCBB:SCYA) &uot;SCYA&uot; has completed the acquisition, for stock, of 100% of Four D Corp.

The assets of Four D Corp. are comprised of 22 cash flowing income properties in San Diego together with several deeds of trust. The total value of properties and deeds of trust approximately $4.65 Million. The company plans to change the name Four D to Security Asset Properties and to expand the capital base. Four D Corp.'s experienced management team will stay with the company with the intention of converting the company into a Real Estate Investment Trust (REIT). This acquisition will substantially add to the bottom line of Security Asset Capital Corp. over the next year.

Security Asset Capital Corp. (&uot;SCYA&uot;) also acquired 100% of the Note and Paper Trader, an Internet Marketing Co. The now wholly-owned subsidiary, renamed &uot;thedebttrader.com,&uot; has created a dynamic new presence for Internet sales of loan portfolios and has opened its Internet portal. The acquisition enables SCYA to utilize the power of the Internet to network together buyers and sellers of loan portfolios on an instant basis. Since acquisition over $40 million in sales have taken place through this site.

Information herein supplied by management of Security Asset Capital Corp.