Ben Ezra, Weinstein and Company Announces Second Quarter and Six Months Financial Results.

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--April 9, 1997--

- Company Reports Profit For Quarter And Six Months -

- Company To Sponsor And Present `Capital Acquisition In

Cyberspace' Seminar -

Ben Ezra, Weinstein and Company, Inc. (OTC BB: BNEZ) today announced financial results for its second quarter and six months ended March 31, 1997.

The company noted that its second quarter marked the first time in its history that the company has reported a profit.

Revenues for the second quarter ended March 31, 1997 increased to $787,761 from $42,309 reported for the same year ago period. Net income for the period was $316,206, or $0.03 per share, compared to a net loss of $65,288, or $0.01 per share, for the second quarter ended March 31, 1996.

Revenues for the six months ended March 31, 1997 increased to $882,761 from $92,559 reported for the six months ended March 31, 1996. Net income for the period was $152,400, or $0.02 per share, compared to a net loss of $262,539, or $0.03 per share, for the first half of fiscal 1996.

Commenting on the results, Jack Ben Ezra, CEO, stated, "We are extremely pleased to report the first profitable quarter in the company's history and a profit for the six month period as well. The company's strong performance in the second quarter is directly attributable to the successful introduction of our first product, CapScape, the interactive, multimedia computer software program which enables companies to complete a draft of a Regulation A or related public SEC filing. We began shipping the MacIntosh version of the program on February 19, 1997 and the PC version on March 26, 1997. Demand for the product remains strong and we believe the positive trends established in the second quarter will continue."

"We believe we have created a unique and exciting niche in the area of corporate and financial software and anticipate introducing our second product, Private Placement Master, by the end of the third calendar quarter. We believe demand for this product will also be substantial and further solidify our leadership position in this burgeoning sector of the software market."

Ben Ezra further noted, "We are excited to be one of the sponsors, along with the Small Business Capital Acquisition Association (SBCAA) and the Direct Stock Market, as well as a presenter at the upcoming "Capital Acquisition In Cyberspace" seminar. We will be presenting CapScape at the conference which will be held at the Ritz Carlton Hotel in Atlanta, Georgia on May 14, 1997. We are confident the seminar will provide CapScape, as well as Ben Ezra Weinstein, tremendous exposure to our target market -- entrepreneurs and small business professionals. The seminar is the first of what may be an international tour."

Ben Ezra, Weinstein and Company, Inc., headquartered in Albuquerque, New Mexico, develops and markets an innovative Internet-compatible program which assists companies in the procedure of filing a public or private offering, eliminating the majority of the cost and time associated with a traditional Wall Street or venture capital based offering. Marketed under the name CapScape (with the toll free sales and marketing phone number of 888-VCGOAWAY), the program consists of a multimedia software package and optional internet-based advisory service which makes it possible to complete 85% of a Regulation A filing with the Securities and Exchange Commission as well as to complete similar portions of related public and private offerings. -0-

                 BEN EZRA, WEINSTEIN AND COMPANY
                CONSOLIDATED FINANCIAL STATEMENTS
                           (Unaudited)


                        Three Months Ended       Three Months Ended
                        3/31/97     3/31/96      3/31/97     3/31/96

Revenue               $ 787,761    $ 42,309    $ 882,761    $ 92,559

Net income (loss)       316,206     (65,288)     152,400    (262,539)

Net income (loss)
 per share                 0.03      $(0.01)        0.02        (0.3)

Shares used in
 computing net loss
  per share          10,000,000  10,000,000  10,000,0000  10,000,000



                   CONSOLIDATED BALANCE SHEETS
                         (in thousands)

                                    (Unaudited)
                                      3/30/96

                  Assets
Current assets:
  Cash in bank                    $   398,226
  Prepaid Expense                      10,386
Total Current Assets              $   408,502

Depreciable Assets
  Furniture and Equipment         $   252,840
  Accumulated depreciation            (11,321)

Net Depreciable Assets                241,519

Other Assets
   Refundable Deposit                   5,000

Total Other Assets                      5,000

Total Assets                      $   655,021

              LIABILITIES
Current liabilities:
  Accounts Payable                $    13,531
  Payroll Taxes Payable                 4,782
Total current liabilities              18,313
Other liabilities
  Advanced from Stockholders      $     3,564

Total Other Liabilities                 3,564

Total Liabilities                      21,877

Net Gain for the Six Months
 Ended March 31, 1997                 152,400

Net increase in
 Stockholder's Equity                 152,400

Stockholder's Equity
 at September 30, 1996                426,152

Stockholder's Equity              $   578,552

CONTACT: Ben Ezra, Weinstein and Company, Inc.

Michael Weinstein/Jack Ben Ezra, 505/880-9799

www.benez.com

www.capscape.com

or

Lippert/Heilshorn & Assoc., Inc.

Jeffrey Volk/Keith L. Lippert, 212/838-3777

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