MTON Metro One Telecommunications (MM)

Standard & Poor's Announces Changes to S&P SmallCap 600 Index NEW YORK, Dec. 29 /PRNewswire/ -- Standard & Poor's will make the following changes in the S&P SmallCap 600 Index: * Footstar Inc. (NYSE:FTS) will be removed from the Index after the close of trading this evening. The New York Stock Exchange has suspended trading in Footstar's stock, pending the completion of formal delisting procedures, due to the company's failure to file its financial statements on a timely basis, as well as uncertainty regarding the company's restatement of earnings from 1997 through 2002. Tonight's closing Index value will be calculated using Footstar's closing value on the NASDAQ OTC Bulletin Board, where it is now listed under the ticker symbol FTST. Intrado Inc. (NASDAQ:TRDO) will be added to the Index after close of trading tomorrow, December 30. * Piper Jaffray Companies (NYSE:PJCNYSE:wi) will replace Metro One Telecommunications Inc. (NASDAQ:MTON) after the close of trading Wednesday, December 31. S&P 500 constituent U.S. Bancorp (NYSE:USB) is spinning off Piper Jaffray in a transaction anticipated to close on that date. Metro One is being removed from the Index on account of low market value. U.S. Bancorp will remain in the S&P 500. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Piper Jaffray Cos. is a securities firm that provides financial advice, investment products and transaction execution to the financial services marketplace. The company, headquartered in Minneapolis, MN, will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Investment Banking & Brokerage sub-industry. Intrado Inc. supports 9-1-1 emergency response infrastructure for both wireline and wireless networks, as well as public safety organizations. The company, headquartered in Longmont, CO, will be added to the S&P SmallCap 600 GICS Data Processing & Outsourced Services sub-industry. Following is a summary of the changes: S&P SMALLCAP 600 INDEX - December 29, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Footstar Inc. Consumer Discretionary Apparel Retail S&P SMALLCAP 600 INDEX - December 30, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Intrado Inc. Information Technology Data Processing & Outsourced Services S&P SMALLCAP 600 INDEX - December 31, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Piper Jaffray Cos. Financials Investment Banking & Brokerage DELETED Metro One Telecommunication Wireless Telecommunications Services Telecommunication Services Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned. Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With 5000 employees located in 20 countries, Standard & Poor's is an essential part of the world's financial infrastructure, and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 320 offices in 34 countries. Sales in 2002 were $4.8 billion. Additional information is available at http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's CONTACT: David Blitzer Managing Director, Quantitative Services (212) 438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

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