Netrom's Tempest Announces Its First Channel Partner For The $2.5 Trillion IRA Market

SAN DIEGO, May 21, 2003 (BUSINESS WIRE) -- Netrom, Inc. (OTC: NRRM) announced today that its newly acquired subsidiary, Tempest Asset Management, Inc., has signed a milestone agreement with its first IRA channel partner, Global Trading Post, to offer Tempest's Foreign Currency Exchange (Forex) trading services to individuals who desire to increase the yield on their Individual Retirement Accounts (IRAs). Located in Tustin, California, Global Trading Post is a provider of a wide range of Forex based products and services to the billion dollar investment community in Orange County, California, and will soon expand their market by opening offices in Los Angeles, San Diego and Las Vegas, Nevada. It was announced last week that Tempest had been approved to market its Forex trading services to the IRA market space. The IRA market has expanded at a compounded annual growth rate of 13 percent per year to a current size of over $2.5 trillion that includes over 40 million households. Tempest can now provide IRA investors with an attractive, much-needed alternative to the high-risk stock market and low yield money markets. With this new alternative, investors can now use their IRAs to defer taxes on the yields that are realized from Tempest's currency trading services, which in many cases are superior to other competing forms of investing. Tempest is giving investors the opportunity to put new life in their retirement savings programs. Tempest's Chief Executive Officer, Chris Melendez, said, "Global Trading Post is the first of many channel partners we intend to develop in order to bring our FOREX services to the IRA market space. We expect to announce additional partners in the near future." He further stated, "We believe that entering the IRA market is a key move that will help us fulfill our vision of bringing institutional grade FOREX investing to the individual investor." About Netrom, Inc. Netrom, Inc. (OTC: NRRM), headquartered in San Diego, was founded in 1996. Since its inception, Netrom has been involved in the development of technologies that are related to the Internet, as well as developing new eBusiness models. In the first quarter of 2000 Netrom became insolvent and was forced into a major reorganization. The Company has been in the process of a turnaround of its business with the primary objective being to restore trading of its stock to the OTCBB and grow the Company through strategic acquisitions. In the first quarter of 2003, the Company completed its first step toward this goal with the acquisition of Tempest Asset Management, Inc. About Tempest Asset Management, Inc. Tempest Asset Management, Inc. is a development stage California Corporation headquartered in Irvine, California. The company provides institutional grade, Forex trading products and services to individual investors. "Forex" is a term that refers to the Foreign Currency Exchange Market where a trader simultaneously buys one currency and sells another for profit, which is not dependent on the market conditions of stocks, bonds or commodities. The Company was founded in 2001 by Chris Melendez, its CEO and internationally renowned Forex trader. He gained his expertise as a "market maker and proprietary currency trader" at major financial institutions around the world. For additional information visit www.tempestasset.com. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. Netrom cautions readers not to place undue reliance upon any such forward looking statements, which speak only as of the date made. Netrom expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based. SOURCE: Netrom, Inc. CONTACT: Netrom Inc., 888/205-5865 Jason Sunstein, [email protected] John Castiglione, [email protected] Tempest Asset Management Robert Pallais, 714/838-0888 [email protected]