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  May 27, 2003

MunicipalBonds.com Fends Off Another Cyber Attack

It is interesting that this attack on MunicipalBonds.com would come so close to our anticipated release of our Negative Yields reports. We had a similar experience back when we were about to release our first Worst Spreads studies.

But at least this one was funny. Good effort. It gave me a good laugh...even though we were on the bad side of it.

For those who do not like MunicipalBonds.com -- I can only continue to inform you that the numbers we report are what the Municipal Bond industry yourself (and MSRB) provide us.

Price reporting" was initiated back in 1994. It was supposed to lead to "price transparency." From this has come our daily trade/price reports, Red Flags, Worst Spread reports and, soon, Negative Yield reports.

Yes, MunicipalBonds.com has sort of revolutionized the use of the trade data and, thus, been the first to expose unfair practices within the Muni Markets.

Hopefully, this will facilitate improvements to our market that will help all involved, and that we can all be proud of.

Kevin Olson
MunicipalBonds.com