Tempest Trading Technologies Inc. Awarded Multi-Million Dollar Trading Contract from American...

Business Editors

SAN DIEGO--(BUSINESS WIRE)--Jan. 20, 2004

Tempest Trading Technologies Inc. (OTCBB:TPST) announces it has been awarded a multimillion dollar contract from American National Trading Corp. to trade currency futures as one of only six exclusive traders in their

Managed Futures program. This achievement gives Tempest Trading Technologies Inc. instant access to the burgeoning market for Managed Futures, which exceeded $65 billion dollars in 2003. Tempest Trading Technologies Inc. expects to start trading under this contract with ANTC in January, with a potential to exceed $10 million under management by year end.

According to a white paper from the Chicago Board of Trade, the term Managed Futures describes an industry made up of professional money managers known as commodity trading advisors. These trading advisors manage client assets on a discretionary basis using global futures markets as an investment medium.

The white paper, available at www.cbot.com/cbot/docs/40959.pdf, further states that trading advisors take positions in the global futures market based on expected profit potential and since there is practically a zero correlation with stocks, adding Managed Futures to an investment portfolio can achieve profound diversification with the benefit of lower risk and higher returns.

Mike Herron, director of IB Services of American National Trading Corp., said, "There are over 800 registered commodity trading advisors in the Managed Futures market. We picked only the best-of-breed from this population for our Managed Futures program and Tempest made the final cut to be our sole trader of currencies. This strategic alliance, with ANTC, one of the largest and oldest commodity brokers on the West Coast, teamed up with Tempest's proven performance in currency trading, gives us all the resources necessary to bring Managed Futures to investors in need of stabilizing their investment portfolios, particularly the small investor who may have as little as $15,000 to invest."

Chris Melendez, CEO of Tempest Trading Technologies Inc., said, "I think managed futures programs are going to be the wave of the future. Investors are aware of the dangers in investing in stocks and mutual funds and are looking for a way to diversify their investment portfolios to obtain steady returns. We at Tempest believe that investors are looking to invest their money not gamble with it. Managed Futures gives them a way to accomplish there goals."

About Tempest Trading Technologies Inc.:

Tempest Trading Technologies Inc. dba Tempest Asset Management was founded as a source for well-informed investors who are seeking solid returns on their investments with minimal draw downs. Our emphasis has always been to provide our clients with high yield investments to help them reach their financial goals while simultaneously reducing their overall portfolio risk through increased diversification. 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 more information on the company, visit www.tempestasset.com.

About American National Trading Corp.:

Incorporated in 1988, ANTC is a California Corporation and a Futures Commission Merchant registered with the Commodity Futures Trading Commission and a member of the National Futures Association. ANTC are commodity futures and options specialists dedicated to serving interests in the most professional manner. ANTC's experience in handling customer accounts in financial instruments, foreign currencies, precious metals, grains, the energy markets and other exchange-traded commodities has grown as the markets themselves have expanded. ANTC can facilitate and support the trading objectives of clients ranging from the individual speculator to the multinational corporate account. For more information, visit www.tradeamerican.com.

About The Chicago Board of Trade:

The Chicago Board of Trade (CBOT(R)), established in 1848, is the world's oldest derivatives (futures and futures-options) exchange. More than 3,600 CBOT members trade 50 different futures and options products at the CBOT, resulting in 2002 annual trading volume of more than 343 million contracts. For more information, visit www.cbot.com.

This news release may contain forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. Forward-looking statements relating to product development, business prospects and development of a commercial market for our products and services are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures including, but not limited to, risks associated with new product development, risks to marketed products and services and availability of financing and other sources of income, as well as risks discussed in the company's periodic reports filed with the U.S. Securities & Exchange Commission. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release and to read it in conjunction with the company's annual report on Form 10-KSB, including the financial statements filed therewith. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason. Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.