New York, NY— Nasdaq Chairman and Chief Executive Officer Wick Simmons today joined Tournament Chairman Earl "Butch" Buchholz and tennis legends Martina Navratilova and Rod Laver in a ceremony held at Nasdaq MarketSite to announce Nasdaq's title sponsorship of the world's fifth-largest tennis tournament, the Nasdaq-100 Open. The agreement is for six years, beginning with the 2002 event, which will be held March 20-31 at the Tennis Center at Crandon Park in Miami, Florida.

The Nasdaq-100 Open features over 200 of the world's top men's and women's professionals and ranks as the largest tennis event outside of the Grand Slams in terms of attendance (270,000 in 2001), prize money ($6,395,000 in 2002), player participation (96 men, 96 women compete in respective singles draws), credentialed media (over 800 journalists) and duration (12 days). The event, which is in its 18th year, is an elite Tennis Masters Series event on the ATP (men's) circuit and top-tier event on the Sanex WTA TOUR (women's).

"The Nasdaq-100 Open is one of the most visible events in tennis, with global reach and dynamism," said Simmons. "As the world's largest stock market, listing many of its most exciting companies, we believe our sponsorship of the Nasdaq-100 Open will provide many new opportunities to reach out to investors. We're very proud to be the title sponsor."

"We are thrilled with this new relationship with such a dynamic partner," said Buchholz. "The tournament is proud to be associated with Nasdaq and its family of international companies that are so widely respected."

The Nasdaq-100 Open is named for the Nasdaq-100 Index Tracking Stock, or QQQ, which is the most actively traded security in the world.

About The Nasdaq-100 Open

The Nasdaq-100 Open is the largest tennis tournament in the world following the four Grand Slams in terms of attendance (270,000 in 2001), prize money ($6,395,000 in 2002), player participation (96 men, 96 women compete in respective singles draws), credentialed media (over 800 journalists) and duration (12 days). The Nasdaq-100 Open is televised to more than 150 countries and 750 million households worldwide. It is covered by more than 700 journalists from over 25 countries with an estimated circulation of daily newspapers and periodicals in the hundreds of millions.

Heading into its 18th year, the 2002 Nasdaq-100 Open will be played March 20-31 at the Tennis Center at Crandon Park on Key Biscayne in Miami, Florida. The tournament, founded by Butch Buchholz in 1985, is owned by IMG. The Nasdaq-100 Open is one of nine Tennis Masters Series events on the ATP calendar, a top tier event on the Sanex WTA TOUR calendar, and features the top men's and women's tennis players in the world. It was previously known as the Ericsson Open. In 2001, Andre Agassi won his fourth Ericsson Open title by defeating Jan-Michael Gambill in the final while Venus Williams won her third title by beating Jennifer Capriati in the women's final. Ticket packages are available now; call (305) 442-3367 for more information or visit the website at www.nasdaq100open.com.

The Nasdaq Stock Market lists over 4,100 companies and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom^SM at www.nasdaq.com/newsroom.