NEW YORK, June 9, 2000—Horsesmouth, LLC announced today that PaineWebber Incorporated signed an agreement to deploy the Horsesmouth learning, development, and support service to financial advisors and other professionals in its firm nationwide.

horsesmouth's Internet-based service enhances the productivity of financial advisors by providing continuous knowledge, support, guidance, and mentoring. Its daily service integrates learning and development with market data and information and is delivered by a team of industry experts, trainers, editors, writers, producers, and programmers focused exclusively on financial advisors.

"Horsesmouth complements PaineWebber's overall e-learning strategy, which includes influencing productivity and performance by providing targeted and relevant resources and information," said Gerard Purcell, director of Professional Development for PaineWebber's Private Client Group.

The company's service includes resources for building client relationships, expanding financial advisors' business, improving sales and marketing skills, and learning how to integrate and leverage the power of the Internet and technology. PaineWebber employees will also have access to live Web-based training events from Horsesmouth.

William T. Nicklin, Horsesmouth chief executive officer, said the PaineWebber partnership demonstrates both firms' positions as innovators in the e-learning arena. "Horsesmouth is dedicated to using the best people, resources, and technologies to help develop top-performing financial advisors. PaineWebber is at the forefront of defining how a financial services firm can utilize e-learning to support and develop its financial advisors."

Horsesmouth, LLC provides business-to-business e-learning solutions for the financial services industry and is dedicated to enhancing the performance of financial professionals through continuous and sustained learning.

Paine Webber Group Inc., together with its subsidiaries, serves the investment and capital needs of a worldwide client base. The firm employs 20,008 people in 318 offices.