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Travelers Life & Annuity Signs Contract with pTeraDac® Corporation for WebStory™ Presentation System

Eagan, MN - January 24, 2003 - pTeraDac Corporation, a provider of advanced Internet web systems, announced today that Travelers Life & Annuity has signed a contract for WebStory, pTeraDac's web-based presentation management system.

Travelers Life & Annuity, one of the nation's top providers of individual annuities and life insurance products, has selected the WebStory Presentation Management System for use in its various sales and distribution channels.

The WebStory software is an insurance and financial services sales presentation system that integrates with web-enabled or desktop illustration systems. WebStory combines with SmartLinks™ Content Commander, pTeraDac's run-time document manager, to organize sales material in context, providing agents with the specific documents needed to help close sales.

According to Chris Bilodeau, Travelers' director of advanced sales, "We were a bit skeptical when we first heard of the WebStory system, but that impression quickly changed after getting a demonstration of pTeraDac's new software. With WebStory, we can integrate our existing desktop illustration systems and deliver Travelers-branded presentations to all our sales channels. The same WebStory system will operate with our web-based illustration systems too."

"We expect to use WebStory to support Travelers advanced sales initiative", says Mark Teitelbaum, Travelers' second vice president of advanced sales. "With the power and control we get from WebStory, Travelers will be able to get out in front of the markets."

The WebStory Presentation Management System will be integrated with Travelers' various desktop illustration systems to provide advanced sales presentations via the Internet. Travelers will continue to use pTeraDac's MainSail presentation system for desktop delivery of sales presentations where agents are not yet connected to the Internet.

The WebStory Presentation Management System also runs with web-based illustration systems to deliver the latest, state-of-the-art sales presentations over the Internet.

About Travelers Life & Annuity
Travelers Life & Annuity (www.travelerslife.com) is one of the nation's top providers of individual annuities and life insurance products that address the asset protection, retirement planning and estate preservation needs of its clients. The company is also a significant provider of institutional annuities, including payout annuities and structured settlement annuities. Travelers Life & Annuity manages more than $69 billion in assets as of 3Q 2002; employs nearly 1,600 individuals in its Hartford, Conn. headquarters and across the United States; and is part of Citigroup (NYSE: C), the preeminent global financial services organization with some 200 million customer accounts in more than 100 countries.

About pTeraDac Corporation
pTeraDac Corporation (www.pteradac.com), a provider of advanced Internet web systems, delivers design, development and hosting services in support of client's sales, marketing and business systems. pTeraDac specializes in solutions and products for the insurance and financial services markets.

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