Transzap's Web-based Information Service to Deliver
Essential Revenue Data to Over 20,000 Owners

DENVER and HOUSTON - November 8, 2004- Transzap, Inc*. a leading provider of digital data based solutions today announced that ChevronTexaco (NYSE:CVX) will provide its 20,000 revenue interest owners with access to oil and gas revenue data through Transzap's on-line service, Owner Relations Connect™.

Transzap CEO, Peter Flanagan said, "A growing number of industry leaders are choosing to supply owners and partners with on-line access to the business information needed to manage their investments and transactions, creating value for their companies through added efficiency and strong relationships."

The Transzap Owner Relations Connect service, provides interest owners with a paper-free resource available 24 hours a day, 7 days a week, to view and print revenue information and year-end tax summary reports. Owners may opt to receive their payments directly into their bank accounts using electronic funds transfer (EFT) and eventually eliminate unnecessary paper by retrieving their check detail on-line.

About Transzap, Inc. services
Through its suite of web-based software services Transzap™ simplifies financial and operational processes for companies by replacing paper-based tasks with digital data and collaborative workflow. The web-based software enables buyers and suppliers to exchange essential business information, paper-free. Transzap currently serves over 1000 companies through its services Spendworks™ (digital and scanned invoice processing), RevenueWorks™ (electronic invoicing) customer relations data posting and many industry-specific data exchanges. Transzap has offices in Denver and Houston. This news release and additional information are available: http://www.transzap.com

For additional information, contact:
Karey Goebel
Marketing Director
Office: 303-222-6116
kgoebel@transzap.com

* This release was originally distributed under the service name Oildex