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ACA Capital Launches New Web Site Developed by Digital Pulp

May 3, 2005

ACA Capital launched its new web site May 3, developed by Digital Pulp, a New York-based Web development firm. ACA Capital is a specialized financial services company, focused on assuming, managing and trading credit risk in the municipal finance, corporate finance and structured finance capital markets. Digital Pulp won the assignment following a review against an undisclosed group of companies late last year.

Digital Pulp has a great well-earned reputation in the industry. Their top-notch creative talent combined with their ability to quickly understand and communicate the intricacies of our business made them an ideal partner", said Cathy Bailey, Senior Vice President of Marketing. Ron Fierman, President of Digital Pulp, added, "It was a great match of their needs and our strengths. Given the level of sophistication and complexity of the financial services world, this site demanded great organization, clarity, functionality and design.

The new web site created by Digital Pulp highlights the ACA's recent successes, showcasing each of its three distinct lines of business, and providing clients and investors with improved access to resources. The insured issues section of the site allows users to interactively navigate detailed information about bond issues, their comparative yields, MSRB trade data, and sector profile information. In addition, a password-protected client account area provides investors with graphical presentations of CDO performance and access to newsletters containing proprietary market analysis.

About Digital Pulp
Digital Pulp, Inc. is an independent, New York-based Web development and online marketing firm. Their client roster includes Atkins Nutritionals, Open Society Institute (soros.org), Continental Airlines and BMG Music, among others.

About ACA Capital
ACA Capital is a specialized financial services company, focused on assuming, managing and trading credit risk in the municipal, corporate and structured finance capital markets. The firm provides "A" rated insurance to underserved segments of the municipal finance market; originates, structures and manages cash and synthetic Collateralized Debt Obligations in a broad range of asset classes; and structures and sells credit protection in the corporate credit and structured finance markets.

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