Northern Virginia Technology Council and UBS PaineWebber Introduce the 'NVTC Potomac Tech 60' Stock Index

Apr 18, 2001, 01:00 ET from Northern Virginia Technology Council

    HERNDON, Va., April 18 /PRNewswire/ -- The Northern Virginia Technology
 Council and the financial services firm UBS PaineWebber today announced the
 creation of the NVTC Potomac Tech 60 Regional Stock Index.
     The index tracks the stock prices and performance of the greater
 Washington area's top 60 public technology companies ranked by market
 capitalization.
     The Potomac Tech 60 was launched at the NVTC Spring Banquet, where Vice
 President Richard Cheney was the keynote speaker.
     The new barometer, which measures the area's technology business sector,
 will appear on area Web sites and in regional publications.
     The Washington Post will feature the Potomac Tech 60 in its Washtech
 section on Mondays and Thursdays, and daily on washingtonpost.com's
 Washtech.com Web site.  The index also will be a feature on the NVTC web site
 (http://www.nvtc.org and http://www.NVTCtech60.com ).
     "The evolution of the Potomac region as a leading technology center
 dictated the development of an indicator of how technology companies in the
 Greater Washington area are faring in the marketplace," explains NVTC
 President Bobbie Kilberg.
     The Potomac Tech 60 Index was created in collaboration with UBS
 PaineWebber, whose knowledge, tools and support, along with data from the
 Reuters news agency, make the Index a robust source of information about the
 financial performance of the region's technology sector.
     "UBS PaineWebber is pleased to partner with the Northern Virginia
 Technology Council in this important initiative," said Mike Brennan, UBS
 PaineWebber financial advisor based in Washington, D.C.  "With its focus on
 regional technology companies exclusively, the Potomac Tech 60 is a
 comprehensive index for local technology stocks and will serve as a valuable
 benchmark for the area's economy."
     The financial performance of the technology sector has a significant
 influence on the region's economy, a fact that is not lost on the area's
 institutional and individual investors, or on legislators and regulators in
 Richmond, Annapolis and Washington.
     "Businesses in the 'new economy' are viewed by many people as harbingers
 of the future.  It is important to have an up-to-date, consistent way of
 providing information on how they are doing," explains John Backus, chairman
 of the NVTC board and managing partner of the local venture capital firm
 Draper Atlantic.
     The Potomac Tech 60 stock index will rank the member companies according
 to their market capitalization and will highlight the day's most significant
 market activity among Index-listed companies.  It will be updated on a 20-
 minute-delay basis, reflecting the day's activity with the Index companies'
 stock prices.
     One of the features of the index website is the java-based scrolling
 ticker that will allow continuous monitoring of the NVTC Potomac Tech 60 and
 its constituent members throughout the day.  Price movements are color-coded
 to show the direction of the index and markets.
     To view the "NVTC Potomac Tech 60 Index" check the Monday and Thursday
 editions of The Washington Post, or log on to these web sites: Potomac Tech 60
 Index (http://www.NVTCtech60.com ), NVTC (http://www.nvtc.org ), or Washtech
 (http://www.washtech.com ).
 
     About NVTC
     The Northern Virginia Technology Council (NVTC) is the voice of technology
 business, driving the success of member companies in their fields and building
 recognition of the region as a global leader in technology development and
 application.
     NVTC was founded in 1991 as a membership organization representing the
 interests of the technology community in Northern Virginia. The council has
 grown to include nearly 1,800 member companies representing the diversity of
 the technology industry in Northern Virginia.
     NVTC focuses the strength and influence of the technology community on
 issues that impact the technology business and economic prosperity of our
 region. The council channels the collective vision and interests of this
 community leadership into one strong and unifying voice.
 
     About UBS PaineWebber
     UBS PaineWebber Inc., a member of the UBS financial services group,
 provides investment advice and wealth management services to an affluent
 client base.
     UBS Warburg, a business group of UBS, is a leader in equities, corporate
 finance, M&A advisory and financing, financial structuring, fixed income
 issuance and trading, foreign exchange, derivatives and risk management.  UBS
 Warburg also offers a full range of innovative wealth management services
 through UBS PaineWebber, and provides private equity financing through UBS
 Capital.
     UBS is a leading global financial services firm with 71,000 employees
 worldwide, providing a wide range of services to a client base that includes
 affluent individuals, corporations, institutions and governments.
 Headquartered in Switzerland, the bank has significant operations in all of
 the world's major financial centers.
 
 

SOURCE Northern Virginia Technology Council
    HERNDON, Va., April 18 /PRNewswire/ -- The Northern Virginia Technology
 Council and the financial services firm UBS PaineWebber today announced the
 creation of the NVTC Potomac Tech 60 Regional Stock Index.
     The index tracks the stock prices and performance of the greater
 Washington area's top 60 public technology companies ranked by market
 capitalization.
     The Potomac Tech 60 was launched at the NVTC Spring Banquet, where Vice
 President Richard Cheney was the keynote speaker.
     The new barometer, which measures the area's technology business sector,
 will appear on area Web sites and in regional publications.
     The Washington Post will feature the Potomac Tech 60 in its Washtech
 section on Mondays and Thursdays, and daily on washingtonpost.com's
 Washtech.com Web site.  The index also will be a feature on the NVTC web site
 (http://www.nvtc.org and http://www.NVTCtech60.com ).
     "The evolution of the Potomac region as a leading technology center
 dictated the development of an indicator of how technology companies in the
 Greater Washington area are faring in the marketplace," explains NVTC
 President Bobbie Kilberg.
     The Potomac Tech 60 Index was created in collaboration with UBS
 PaineWebber, whose knowledge, tools and support, along with data from the
 Reuters news agency, make the Index a robust source of information about the
 financial performance of the region's technology sector.
     "UBS PaineWebber is pleased to partner with the Northern Virginia
 Technology Council in this important initiative," said Mike Brennan, UBS
 PaineWebber financial advisor based in Washington, D.C.  "With its focus on
 regional technology companies exclusively, the Potomac Tech 60 is a
 comprehensive index for local technology stocks and will serve as a valuable
 benchmark for the area's economy."
     The financial performance of the technology sector has a significant
 influence on the region's economy, a fact that is not lost on the area's
 institutional and individual investors, or on legislators and regulators in
 Richmond, Annapolis and Washington.
     "Businesses in the 'new economy' are viewed by many people as harbingers
 of the future.  It is important to have an up-to-date, consistent way of
 providing information on how they are doing," explains John Backus, chairman
 of the NVTC board and managing partner of the local venture capital firm
 Draper Atlantic.
     The Potomac Tech 60 stock index will rank the member companies according
 to their market capitalization and will highlight the day's most significant
 market activity among Index-listed companies.  It will be updated on a 20-
 minute-delay basis, reflecting the day's activity with the Index companies'
 stock prices.
     One of the features of the index website is the java-based scrolling
 ticker that will allow continuous monitoring of the NVTC Potomac Tech 60 and
 its constituent members throughout the day.  Price movements are color-coded
 to show the direction of the index and markets.
     To view the "NVTC Potomac Tech 60 Index" check the Monday and Thursday
 editions of The Washington Post, or log on to these web sites: Potomac Tech 60
 Index (http://www.NVTCtech60.com ), NVTC (http://www.nvtc.org ), or Washtech
 (http://www.washtech.com ).
 
     About NVTC
     The Northern Virginia Technology Council (NVTC) is the voice of technology
 business, driving the success of member companies in their fields and building
 recognition of the region as a global leader in technology development and
 application.
     NVTC was founded in 1991 as a membership organization representing the
 interests of the technology community in Northern Virginia. The council has
 grown to include nearly 1,800 member companies representing the diversity of
 the technology industry in Northern Virginia.
     NVTC focuses the strength and influence of the technology community on
 issues that impact the technology business and economic prosperity of our
 region. The council channels the collective vision and interests of this
 community leadership into one strong and unifying voice.
 
     About UBS PaineWebber
     UBS PaineWebber Inc., a member of the UBS financial services group,
 provides investment advice and wealth management services to an affluent
 client base.
     UBS Warburg, a business group of UBS, is a leader in equities, corporate
 finance, M&A advisory and financing, financial structuring, fixed income
 issuance and trading, foreign exchange, derivatives and risk management.  UBS
 Warburg also offers a full range of innovative wealth management services
 through UBS PaineWebber, and provides private equity financing through UBS
 Capital.
     UBS is a leading global financial services firm with 71,000 employees
 worldwide, providing a wide range of services to a client base that includes
 affluent individuals, corporations, institutions and governments.
 Headquartered in Switzerland, the bank has significant operations in all of
 the world's major financial centers.
 
 SOURCE  Northern Virginia Technology Council