WALTHAM, Massachusetts, December 2 /PRNewswire/ --

- '2008 Credit Technology Innovation Awards' Recognize Leading
Developments in the Use of Technology for the Buy- and Sell-Side in the
Global Credit Markets during 2008

Lewtan Technologies, Inc., provider of asset-backed securities
surveillance data, analytics, software, and content for the global
securitisation industry, today announced that it has won the Technology
Innovation Award bestowed by Credit magazine. The Technology Innovation Award
recognizes Lewtan's innovation in financial markets technology and continues
to solidify its leadership position in the global market.

The award submission featured Lewtan's collaboration with Thomson Reuters
to customize Lewtan's ABSNet(TM) cashflow application programming interface
(API), credit surveillance data, and Thomson Reuter's proprietary heuristics
to develop evaluated prices for asset-backed bonds. Structured finance
securities continue to be illiquid, requiring Level 2 and Level 3 prices for
the majority of bonds as dictated by FAS 157. Lewtan's ABSNet data allows for
the aggregation of thousands of asset-backed securities into similar
groupings for price discovery. The asset-backed securities are priced using
the library of cashflow models in ABSNet incorporating current performance
data and risk spreads. The system generates evaluated prices on a daily basis
and it also allows users to incorporate proprietary assumptions. The
innovation can be extended to enable investment firms to assess their own
marks for the securities in their portfolio against a third-party assessment.

Careful use of these adjustment mechanisms enables the user to control
how prices are calculated based on a certain understanding of the
securitisation market and macroeconomic conditions. The system employs
quality checks that alert the user of collateral changes, credit changes and
spread adjustments. This allows the user to make informed decisions about
risk.

"We based our decision to give Lewtan a Credit Technology Innovation
Award on the timeliness of its innovation achievement and the strong
endorsement from Thomson Reuters," said Matthew Attwood, editor Credit. "We
considered the innovation submitted was appropriate to market conditions, and
a demonstration of how opportunities to excel exist even during these
challenging times."

"We're honored that Credit has recognized Lewtan's technology
innovation," said Ned Myers, CMO of Lewtan. "Collaborating with Thomson
Reuters to develop a useful application of our tools and data for their
pricing service customers is a testament to both firms' deep understanding of
structured finance and commitment to the industry during these most
challenging times in the market."

About Credit Magazine

Credit serves the needs of a global community of buy- and sell-side
credit professionals. Covering the entire credit market - from vanilla
corporate bonds to the most exotic credit in the market: including regular
features on credit derivatives, structured credit, loans and convertibles.
Credit magazine aims to be the forum that brings together bondholders,
borrowers, banks and investors to discuss and debate the key issues of the
market.

Credit magazine was established in 2000, and US Credit in 2003. They were
merged into the global Credit magazine in 2005 to create a global magazine
with a global perspective on a global market of buy-side and sell-side credit
markets professionals.

About Lewtan Technologies

Through offices in North America and Europe, Lewtan Technologies, Inc.,
offers a wide range of content- and technology-based solutions to members of
the global asset-securitisation industry, including issuers, investors,
underwriters, servicers, credit enhancers, and rating agencies representing
more than 400 institutions worldwide. The company has twice been named Global
Technology Provider of the Year by International Securitisation Report, and
it received the Innovation Award and commendations for client service and
best-in-class surveillance tool in Money Market's 2007 Securitisation Review
& Survey Technology Awards. More information is available at www.lewtan.com.