Natsource & Tullett Form Joint Venture to Develop International Energy Markets.

NEW YORK--(BUSINESS WIRE)--March 1, 1999--Natsource, Inc., a New York-based institutional energy brokerage firm, and Tullett and Tokyo Ltd., a leading broker of wholesale financial products, have signed a letter of intent toctively positions Natsource and Tullett to be thders. Cross border deals are the future of this business, and our partnership with Tullett jointly positions our global capabilities to meet this future--today," remarks Jack Cogen, president of Natsource. "We will continue to explore adure where both parties absolutely add value."

For Tullett, this continues the company's aim of diversifying its product, customer and revenue base alongside wholesalas, coal, weather hedging and emissions allowance credit markets. Headquartered in New York, Natsource's client base includes over 300 global companies who are leaders in the utility, coal, oil and natural gas markets, as well as the investment and commercial banking communities.

Tullett & Tokyo is one of the leading brokers of wholesale financial products covering all aspects of the Money, Securities, Derivative and Foreign Exchange markets. With a staff of over 2500 and offices in nineteen locations around the world including all the major financial centres, Tullett offers the geographical reach and product expertise demanded by it's customers who include the world's leading banking and investment institutions.