PRESS RELEASE - FOR IMMEDIATE RELEASE

CONTACT:
Dave Ketcham
NBS
Phone: 800-676-7516
Fax: 951-296-1998
Email: dketcham@nbsgov.com or dfast@nbsgov.com

NBS ANNOUNCES D-FAST® NEW RELEASE

Temecula, California - June 10 , 2005 - NBS is proud to announce that it will release Maintenance Release 3 for version 2 of its popular D-FAST® Software in mid-June, 2005. The new release will incorporate important new functionality, including speed improvements, expanded integrated Help, and support for additional types of assessment districts.

D-FAST® is a premium software used to administer all types of Special Financing Districts ("SFD"). D-FAST® is a powerful tool for local government agencies that provides for increased accuracy and efficiency in the administration of SFD's. D-FAST® is currently licensed to a number of agencies throughout the United States and used extensively by NBS on behalf of its public agency clients.

SFD's are property-based revenue mechanisms used to finance services and infrastructure for local governments. Though the terminology varies by State, they are most commonly known as:

• Special assessment districts
• Local improvement districts ("LID")
• Special tax districts
• Business improvement districts ("BID")
• Maintenance or services districts

NBS is an independent consulting, software and services firm based in Temecula , California , with a Northern Region office in San Francisco , California . NBS provides formation, engineering, administrative, regulatory compliance, consulting and software services relating to SFD's to approximately 200 local government clients.

For more information, please contact Dave Ketcham or Tim Seufert at 800-676-7516.