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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

CARTER, LEDYARD & MILBURN REPRESENTS THE BEAST.COM, INC. IN NEGOTIATIONS TO PROVIDE REAL-TIME MARKET DATA TO THE BRUT ECN, L.L.C.

NEW YORK, April 5, 2001 – Carter, Ledyard & Milburn client TheBEAST.COM, Inc., a technology solutions provider for the financial services industry, recently announced that it has completed negotiations with The BRUT ECN, L.L.C. to provide its flagship product, TheBEAST Framework™, along with TheBEAST Transact™ bundle, to support BRUT's comprehensive array of services for broker/dealers and financial institutions. TheBEAST's single unified platform delivers real-time streaming market data, extremely accurate analytics and transactional capabilities, providing high performance capabilities as an asset class neutral, integrated platform which enables financial services firms to manage transaction flow, monitor trades, and distribute transactional applications in real-time.

The BRUT ECN, L.L.C. is one of the fastest-growing Alternative Trading Systems (ATSs) in the Nasdaq market. BRUT is owned and supported by 27 Wall Street firms, including Bear Stearns, Goldman Sachs, Knight Trading Group, Merrill Lynch, Morgan Stanley, Salomon Smith Barney, and SunGard Data Systems.

Carter, Ledyard & Milburn partner Tom Davis, co-head of the firm's intellectual property group, and associate Mary Beth Werner negotiated and prepared the License and Services Agreement for TheBEAST.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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