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May 15, 2008

Lion

Lion has entered into an asset purchase agreement with Beanstalk Networks Acquisition LLC, a unit of Beanstalk Networks, which does business as OpenClose. OpenClose will purchase and continue to operate Lion's only remaining business segment, which includes its Precision family of products and its retail Web sites business, for $525,000. The transaction is subject to shareholder approval and regulatory consent. Precision LPX products consists of a loan pricing engine, a database of loan programs and pricing information, Web tools and other services designed to enable large lenders to originate, price and lock loans.




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