WDR RELEASES EMPLOYEE STOCK OPTION TRACKING SYSTEM

April 26, 1994 -- CENTREVILLE, VA - Software allowing brokerage firms to
automatically exercise employee stock options issued by major corporations
has been fully certified for production today. The Microsoft Windows based
software, WDR ExerStat, allows brokerage firms to exchange transactions
with the issuing company to confirm option availability, pay proceeds and
taxes, track stock certificate issuances, and track status of each
employee stock option exercise.

The ExerStat system relieves companies of the paperwork and phone calls
normally associated with option exercises and reduces the time needed to
complete the exercise process by over 50%. Exercises are communicated
electronically between the company and broker. Tracking of the exercise is
provided by the system's integrated tracking data base and allows the
broker to obtain a detailed status of the exercise.

The system is currently in use by Paine Webber, Kidder Peabody, Quick &
Reilly, Ferris Baker Watts, and MCI Telecommunications.

W.D. Roberts Company Inc
PO Box 2168, Centreville, VA 22020
703-815-8823

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