Press Release

John Coulter Named President and COO of Javelin Technologies, Inc.

NEW YORK, July 11 /PRNewswire/ -- Javelin Technologies, Inc. announced today that John Coulter has been promoted to President and Chief Operating Officer. Mr. Coulter joined Javelin in 1999 as Vice President of Operations for Javelin Technologies' West Coast office in addition to spearheading Strategic Initiatives for the company.

As President and COO, John will focus on the company's expanding global operations and recent product additions in preparation for T+1. Javelin founder, George Kledaras will remain CEO and Chairman, working with industry organizations and leading institutions to better define the scope of STP and how to achieve it through more effective use of technology.

``I am confident Javelin will profit tremendously from John's energy and industry expertise,'' said Kledaras. ``John's leadership will poise Javelin to meet the growing needs of our clients and the industry.''

``It's a great time to be a part of this industry,'' said John Coulter. ``With STP talk at an all-time high, IT spending set to explode and greater efficiencies being introduced to the buy and sell sides every day, Javelin is no doubt in the right place, at the right time.''

John Coulter has 11 years of experience in the financial services industry, providing technology solutions for some of the world's leading brokerage firms and investment banks, including Alex. Brown & Sons, Deutsche Bank, Morgan Stanley, Salomon Brothers and the NYSE. Prior to joining Javelin, Mr. Coulter was National Account Manager for Reuters America and West Coast Sales Director for VIE Systems, integrating both the SWIFT and FIX protocol. In 1995, he co-founded the TRIAD indication of interest management system, one of the first commercially viable FIX applications on Wall Street.

Javelin Technologies, Inc.

Javelin Technologies, Inc., based in New York City, with offices in San Francisco, London and the Philippines, is the leader in electronic trading infrastructure, providing better trading through universal connectivity. Javelin's electronic trading products and solutions power hundreds of clients including Chicago Board Options Exchange (CBOE), Yahoo!, Morgan Stanley Dean Witter, Fidelity Management Research and Instinet. Javelin's innovations have also attracted a growing list of investors including Robertson Stephens, Advent Software, Thomson Financial, Market XT/Tradescape and Investec Ernst. For information on Javelin's electronic trading solutions, visit http://www.javtech.com.