Neovest Launches Intelligent, Automated Order Entry.

Business Editors

ATLANTA--(BUSINESS WIRE)--June 11, 2001

First Technology To Allow Professional Traders to Replicate

Their Personal Trading Process

Neovest, Inc., the leading developer of Proactive Intelligent Technology(TM) designed to make traders and investors more productive, today announced that its Intelligent Order Generation(TM) (IOG) product would be released this summer.

This revolutionary feature will debut at the upcoming Securities Industry Association's Technology Management Conference and will give professional traders the ability to totally automate their personal trading strategies from idea generation to order entry and exit. This end-to-end solution targets proprietary traders, fund managers, market makers and professional active traders, essentially allowing them to replicate their trading strategies across the entire market using Neovest software.

The process works as follows: Neovest software scans the entire universe of stocks or a specified group in real time and identifies securities that match the user's exact criteria. These "filtered" securities are processed by Neovest's Intelligent Order Generation(TM) window where pre-defined user preferences - including the amount of stock to purchase, price, targets, stops, and risk parameters - are all set. The security is then sent to the Intelligent Order Queue(TM) where the orders are managed until executed. After the trade is executed, the system monitors the position to ensure that it is performing as the user anticipates. All of this occurs in a matter of seconds. The position is then automatically exited when real-time, user-defined conditions are met. Features include: customized triggers, a simulation mode, manual order queuing, dynamic targets and stops, among many others.

"Our advanced filtering capabilities puts us in the unique position to market this product," said Hal Roberts, CEO of Neovest, Inc. "So far, the excitement we've been getting from clients, prospects and analysts has been overwhelming. Based on their comments, we feel IOG is potentially a landscape-changing technology - similar to the introduction of online trading or ECNs."

"The effect of this type of technology on market volume could be enormous," added Bryce Byers, Neovest EVP. "The fact that IOG is so personalized - like a fingerprint - integrated with the ability to simultaneously monitor the entire market, means traders will be empowered to significantly increase their productivity."

Neovest product functionality includes real-time filtering and monitoring of equities plus order routing, Intelligent Order Generation, sector analysis, best-of-breed charting, quotes and news, all tightly integrated for real-time market analysis. Neovest's products represent the fastest, easiest and most powerful end-to-end trading and investment platforms available.

About Neovest, Inc.

Neovest develops and markets Proactive Intelligent Technology(TM designed to make traders and investors more productive. This unique technology features real-time data analysis, decision support and securities trading solutions, all tightly integrated into the most powerful end-to-end software platform available. By acting as a powerful information refinery, Neovest products alert traders and investors to only the types of high-payoff, personalized ideas they want to see, filtering out any and all irrelevant information. Product performance occurs on a real-time basis - before the value of the filtered information perishes. The Company markets its high-end products to professional traders such as money managers, hedge fund managers, market makers, proprietary traders and institutional investors, both directly and through alliances and channel partners. Retail products are distributed to active individual and online investors through relationships with online trading and brokerage firms. For more information, please visit the Neovest Web site at www.neovest.com.

Neovest, Intelligent Order Routing and the tagline Proactive Intelligent Technology are trademarks or registered trademarks of Neovest, Inc. in the United States and other countries.