PRESS RELEASE - FOR IMMEDIATE RELEASE

CONTACT:
Tim Seufert or Geralin Reyes
NBS
Phone: 800-676-7516
Fax: 951-296-1998
Email: tseufert@nbsgov.com or greyes@nbsgov.com

NBS JOINS MINNESOTA GFOA

Temecula, California - November 1, 2003 - NBS is proud to announce that it has joined the Minnesota Government Finance Officers Association and looks forward to working with the local professional community.

NBS offers its D-FAST® software which is 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 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 Tim Seufert or Geralin Reyes at 800-676-7516.