EGAR Technology Capital Sells Equity Stake in TechRules.com

New York, February 1, 2001-EGAR Technology (www.egartech.com) announced today that TechRules.com (www.techrules.com), its premiere technology capital incubation project, has graduated to a successful stand alone e-business in record time.

Just 7 months after TechRules.com launched as the preeminent website for technical analysis of global equities, and 120 days after they were able to secure first round funding, TechRules has reached a volume of sales necessitating its independence. In addition to bringing all outsourced technology services in-house, TechRules will be buying back the equity stake held by EGAR Technology Capital to better position itself for the future.

TechRules.com, based in Madrid, Spain, is the leading source of institutional quality anlytics, tools and education for e-brokers and financial portals. TechRules.com uses proprietary technology and algorithms to generate daily, weekly, or intraday buy and sell signals and full technical reports. The site also features a simulation laboratory for personal portfolios and a full range of charting functions. TechRules.com has already partnered with both Spain's largest online broker and one of its leading portals to give its users soup-to-nuts capabilities, from research to execution. TechRules.com has experienced unprecedented success and media recognition for its highly sophisticated analytics and user-friendly interface.

While the technical and mathematical complexity of TechRules.com handicapped several other firms, EGAR Technology was able to provide the expertise and development resources needed to rapidly develop the site. This enabled TechRules management to focus on building the best possible management and technology team while building sales volume and negotiating funding.

A crucial element to EGAR's success is its ability to provide e-finance and financial institutions with state of the art technology infrastructure. By providing a company with such a sophisticated infrastructure, a business is able to get up and running faster and secure a higher valuation in the marketplace. Businesses that partner with EGAR are also able to tap into its operational experience, capital support, and vast resource of strategic relationships in e-finance and the capital markets.

"EGAR Technology and TechRules.com have proven that Internet companies need not spend millions of dollars to develop institutional strength e-finance solutions that are successful," says Michael Aiken, senior vice president of EGAR Technology. "A few Internet firms realized some time ago that they would fail not because of an unsound business model, but because it was very easy to overspend building out the IT infrastructure."

Ravi Jain, President and co-founder of EGAR Technology, adds, "The success of TechRules.com should be primarily attributable to Jorge deploying his capital as efficiently as possible while building the absolute best technical anlaysis tools. I'm proud to know that we were part of that." He further adds, "Our growing track record should enable us to reach our goal of launching and nurturing four financial technology startups in year 2001. By combining EGAR Technology's capital markets expertise, business relationships and technology resources, we give our partner companies an unparalleled advantage."

With a cost-effective, robust and established platform as a base, TechRules.com now stands ready to capitalize on that advantage and continue its rapid growth. "Although our expansion throughout Europe is keeping us very busy, I hope to work on another project with EGAR Technology in the future," Bolivar says.

About EGAR Technology

With offices in New York and Moscow, EGAR Technology is one of the fastest growing software, consulting and e-finance practices in financial technology. EGAR Technology offers financial institutions a suite of software systems solutions based on our proprietary technology platform. In addition, EGAR Technology provides complete outsourced development and consulting services for complex e-finance systems and capital markets software. Our deep capital markets and trading and transaction technology expertise is our competitive advantage. Virtually 100% of our capital markets specialists, consultants, programmers and product managers have market experience and advanced degrees in mathematics, computer science or engineering.

In the first quarter of 2000, EGAR Technology Inc. launched EGAR Technology Capital (ETC), an innovative venture-financing group. Through ETC, EGAR Technology partners with e-finance and capital markets technology businesses to provide crucial technology capital to help entrepreneurs build successful global technology companies.

The strategic objectives of ETC are clear: help partner companies to develop and deploy state-of-the-art, best-in-class technology infrastructure to support their business model, help them to secure customers and business partners, and help satisfy funding requirements. By using this model, our partners have enjoyed faster time-to-market, faster growth, reduced funding requirements and significantly higher valuations in the marketplace.

For more information on this press release or any other EGAR Technology related news, please contact:

Michael Aiken

(+1) 212-223-3552

maiken@EGARTech.com