Expanets Teams with Security Asset Capital Corp. to Implement The Debt Registry and Revolutionize the Financial Services Industry

Phoenix, Ariz., June 19, 2002 -- Expanets announced today the launch of the Debt Registry, a patented online registration system designed and developed specifically for Security Asset Capital Corporation (OTC: SCYA), a California based financial services company. The Debt Registry will provide the first-ever tracking service to verify the history of registered debt accounts, validate ownership and conduct due diligence on potential transactions.

Expanets Teams with Security Asset Capital Corp. to Implement The Debt Registry and Revolutionize the Financial Services Industry

Phoenix, Ariz., June 19, 2002 -- Expanets announced today the launch of the Debt Registry, a patented online registration system designed and developed specifically for Security Asset Capital Corporation (OTC: SCYA), a California based financial services company. The Debt Registry will provide the first-ever tracking service to verify the history of registered debt accounts, validate ownership and conduct due diligence on potential transactions.

Expanets, a partner business of NorthWestern Corp. (NYSE:NOR) and the core business in NorthWestern Communications Group, provided the design, installation and maintenance of the infrastructure that enables The Debt Registry to securely store and track millions of transaction records. First, Expanets helped the customer turn a business idea into an application design, and then developed the application, Web interface and database to manage all of the debt records.

The Debt Registry required a robust, highly secure and dependable system that features large storage capacity and is able to efficiently record transactions and generate reports," said Jim Kleeman, General Manager of Expanets. Because of our networking design and implementation experience and expertise, we were able to deploy the system in just over two months."

Potentially, all financial institutions in the U.S. that buy and sell credit card, auto, student loan, medical and other consumer debts will use The Debt Registry as the primary debt transaction clearinghouse," said Kleeman. We are implementing a system that will be able to process and store millions of records, and do so with the accuracy and security demanded by the financial industry."

The Debt Registry is committed to providing a structure to improve the integrity of the financial services industry and to help reduce potential fraud and misrepresentation," said Mike Seigfried, President of The Debt Registry. The implementation of The Debt Registry will provide the industry with much structure and access to more current and complete information. That is vital to help prevent unnecessarily complex bureaucracy and government regulation."

Prior to the launch of The Debt Registry, there was no third party to track accounts or maintain debt ownership records. Because of challenges in keeping, tracking and accessing accurate records, debt sales and collection efforts have suffered from the lack of verifiable ownership following sales, and difficulties in verifying age, experience, and details of an account. Other commonplace problems included failure to report correct information to credit bureaus and lack of documentation from buyers or sellers, which prevented debtors from locating the current owners of their debt accounts.

The Debt Registry application, which is hosted by Inflow at its Phoenix data center, can be accessed by Internet at the following address; www.debtregistry.com.

About Security Asset Capital Corp.
Security Asset Capital Corp. (OTCBB:SCYA - News) is an experienced leader in the lucrative asset liquidation industry. The company's premiere subsidiary and product is The Debt Registry, a patented Internet based registration and tracking solution developed for the financial services industry. In addition, the system is designed to assist consumers in locating delinquent accounts and verifying ownership of these accounts prior to settlement. For additional information regarding Security Asset or The Debt Registry, visit www.securityasset.com or contact the company directly at 800-954-8700.

About Expanets
Expanets is the nations largest and leading provider of converged communications solutions to businesses ranging from 20 to 500 employees, and is also strongly positioned to serve larger businesses with multiple locations. With 2001 revenues of $1 billion, Expanets serves 560,000 businesses and over one million client locations. While national in scope, Expanets delivers local service and solutions through its team of 3,200 associates, based in 150 offices and satellite locations throughout the U.S. Expanets is a single-source provider of voice, data and e-business solutions that give its clients a competitive edge. Its broad portfolio is based on its strategic relationships with industry-leading manufacturers, service providers, carriers and application developers. Expanets, the core business of NorthWestern Communications Group, was founded in 1997 by NorthWestern Corporation (NYSE: NOR). NorthWestern and its partner businesses are leading providers of services and solutions to 2.5 million customers across America in the communications and energy sectors. More information about Expanets is available on the Internet at http://www.expanets.com.

This news release includes ``forward-looking statements'' that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to produce & market products and/or services & other risks detailed from time to time in company's reports filed with the Securities Exchange Commission.