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FOR IMMEDIATE RELEASE

The Universal Data Interface Corporation Completes License Sale to AnnuityScout.com

NEW YORK , Oct. 11, 2000 - Universal Data Interface Corporation (UDICo), a middleware software company, today announced the signing of a license and support agreement with AnnuityScout.com.

AnnuityScout.com is an independent annuity service for both consumers and the company's business-to-business alliances. Rated by Online Investor Magazine (October 2000) as a top personal finance Web site, AnnuityScout.com is the leading online and offline marketplace for no-load annuities. Representing more than 50 insurance companies, the comprehensive "supermarket" is designed to offer products directly to consumers through AnnuityScout.com's business-to-business partnerships, backed by its deep technology and distribution competencies.

UDICo's flagship product, the Universal Data Interface, is a high-speed middleware product that converts high volumes of data and does large-scale transaction management in real time. Its UDI Design Tool allows the creation of conversion specifications quickly and easily using a graphical point-and-click interface, and its Runtime Server can perform conversions and transaction management according to these specifications on a variety of platforms.

"Signing AnnuityScout.com is a great validation of the versatility and performance of our product", said Adam Greissman of UDICo, CTO and Company founder. "AnnuityScout is on the cutting edge of B2B and B2C e-commerce, so we're very pleased with their endorsement of our vision of a real-time e-business platform.

Judith Woodhall, COO and CIO of AnnuityScout.com, said "the relationship with UDI signifies AnnuityScout's commitment to technology that enables friction-free commerce and will benefit our relationships with many insurance companies as well as improve B2B distribution through such outlets as banks, brokerages, online consumer portals, and more. This purchase will reduce internal processing, enabling us to serve our customers more efficiently."

About AnnuityScout.com

The only online marketplace for annuities offering choices from more than 50 highly rated insurance companies, AnnuityScout's proprietary technological platform enables the company to efficiently service the needs of its B2B alliances and its B2C clients both on and offline. AnnuityScout employs custom-designed engines, enhancing both the pre- and post-sales experience. More information about AnnuityScout.com is available at (800) TAX-CUTS.

About Universal Data Interface Corporation (UDICo)

UDICo is an emerging leader in the data integration needs of today's growing businesses. Founded in July 2000, UDICo's goal is "data without borders" for any enterprise that needs it: data that can be used quickly, openly, and seamlessly across disparate systems. This lets IT departments get back to mission critical projects without requiring the time and trouble to custom code solutions to myriad middleware problems. UDICo is based in New York City and is privately held. For more information, visit www.udico.com.


   

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