New EstateVal 7.0.1 Verifies Securities Inventories with a Single Click Details Any Capital Changes for 6 Months Prior to Desired Date

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Estate Valuations & Pricing Systems, Inc. announced today that its new EstateVal 7.0.1, the latest release of the worldÂ?s most popular securities valuation software, can determine if a securities portfolio is to-date with a simple click of a mouse.

WOODLAND HILLS, CALIF. – February 13, 2003 – Estate Valuations & Pricing Systems, Inc. announced today that its new EstateVal 7.0.1, the latest release of the world’s most popular securities valuation software, can determine if a securities portfolio is to-date with a simple click of a mouse. The same information can also be obtained via fax or mail.

With EstateVal, trust officers, probate attorneys and tax accountants can quickly and easily value equities, municipal bonds, mutual funds, corporate and government bonds, mortgage-backed securities (including GNMAs, FNMAs, FHLMCs and CMOs), unit investment trusts (UITs), U.S. Treasuries and savings bonds (E, EE, H and HH).

“Securities are always changing. Now, trust officers, probate attorneys and accountants will never miss a spin-off, name change or bankruptcy using EstateVal 7.0.1,” affirms EVP president, Michael A. Walker, Ph.D. “They are able to stay on top of dozens of changes to millions of stocks and bonds quickly and easily.”

According to Walker, EstateVal 7.0.1 incorporates new research reports that list the details of every capital change that could affect a portfolio for six months previous to the desired date. They provide details for spin-offs, name changes, CUSIP changes, bankruptcies, mergers, splits, reverse splits, dividends, completions, defaults, distributions, liquidations, reclassifications and redemptions. Knowing of any changes six months prior to a Date of Death or Alternate Date can be especially important to those filing a Form 706 and to the deceased’s heirs for establishing a new cost basis.

As an example of a change, Walker suggests looking at AT&T.

“Let’s consider that someone died in July and the last statement found showed that the deceased owned 1000 shares. If the CPA entered 1000 shares of AT&T on the Form 706, they would be wrong because, in June, the AT&T undertook a one-for-five reverse split and spun off Comcast. Using EstateVal, the CPA would have entered 200 AT&T shares and the correct number of Comcast shares.”

Pricing for the new feature is very efficient. Clients are billed only if data is found that affects the portfolio. When important information is discovered, the cost is only 50 cents per capital change.

The software and its upgrades are available without charge from EVP’s website at http://www.evpsys.com/software/ or via CD-ROM by contacting EVP at 800-237-3440.

About EVP Systems

Estate Valuations & Pricing Systems, Inc. was founded in 1984 and launched the first version of EstateVal shortly after. The program has since grown to be the world’s most popular software for performing historical security valuations for IRS Form 706 and Form 709. Since 1997, the Internal Revenue Service has contracted with EVP Systems to use EstateVal exclusively to verify all Form 706 returns in the country. Estate Valuations & Pricing Systems, Inc. is located at 5855 Topanga Canyon Blvd., Suite 520, Woodland Hills, Calif. 91367. The website address is http://www.evpsys.com.

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For More Information, Contact:

Michael Walker, PhD            

ESTATE VALUATIONS & PRICING SYSTEMS    

818-313-6300

mwalker@evpsys.com

or

Tom Brigham

BRIGHAM SCULLY

818-716-9021

tbrigham@brighamscully.com

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