Communicator Inc. and DTCC Deriv/SERV Create Link to Streamline OTC Derivatives Confirmation Process.

NEW YORK -- Communicator Inc. and the Depository Trust & Clearing Corporation (DTCC) announced today that they are forming a link to help centralize post-trade processing for OTC derivatives trade confirmation for end user firms that are using both services. This effort, which will provide, among other things, a single place for users to upload trade data and track confirmation statuses, aims to help these firms realize the benefits of a comprehensive electronic processing solution for OTC derivatives.

DTCC Deriv/SERV automates the confirmation and matching of OTC derivatives that have been sufficiently commoditized to permit this process and Communicator Inc's Compliance Hub electronically manages documentation for all other OTC derivatives transactions in a paperless confirmation solution for all OTC derivatives products.

"We are very excited to see Communicator and DTCC respond to the industry needs and offer a comprehensive solution for confirming OTC derivative transactions. The combined solution offers the best of breed automated industry solution that allows PIMCO to process OTC derivatives faster and at a lower cost," said David Lown, Executive Vice President of PIMCO.

"We are answering the growing need on the buy-side to have a comprehensive service for confirming OTC derivatives transactions. By linking Deriv/SERV and the Compliance Hub Confirmation Service together, buy-side clients (such as hedge funds, investment managers, mutual funds) get access to the 'best of breed' solution for confirming 100% of their OTC derivative products" says Leo Schlinkert, President and CEO of Communicator Inc.

"We are always looking for ways to partner with others to provide better service to our clients. We believe that this link will provide significant benefits to our mutual clients," said Pete Axilrod, Managing Director, Business Development of DTCC.

About Communicator Inc.

Communicator is a financial technology firm that provides investment managers and broker/dealers a suite of services for identity management, communications, compliance & operations. Communicator's services include Compliance Hub, which provides confirmation processing, counterparty documentation and regulatory certifications services to over 1,600 financial firms; Hub Connex, which provides over 800 buy-side firms and leading broker/dealers a secure cross-company communication platform; and identity services that are used to manage over 400,000 user identities and profiles across the industry. For more information visit www.communicator.com, call 914-872-2840 or email [e-mail].

About DTCC

Through its subsidiaries, DTCC provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. The derivatives services are provided through DTCC Deriv/SERV LLC. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC Deriv/SERV, visit www.dtcc.com/derivserv-intro.

Copyright (C) 2005 Communicator Inc. and DTCC -- All rights reserved. Compliance Hub is a service mark of Communicator Inc. All other company and product names may be trademarks of their respective owners.