Technology Providers LendEX & LocateStock.com Continue To Innovative

LendEx announces second phase of beta testing with five new members.

With the ever expanding credit disintermediation opportunities available today, LocateStock has been able to utilize many creative and innovative solutions to bring together beneficial owners and short sellers

Jersey City, NJ (PRWEB) May 20, 2008 -- In response to recent calls for more transparency in Capital Markets, LendEX announced today that they have successfully entered the second phase of Beta testing with five additional members.

LendEx is a joint venture between former Securities and Exchange Commission Chairman Harvey Pitt of Kalorama Partners, and the founder and Chief Executive of LocateStock.com, John Tabacco. LendEx, is the newest innovation in Global Securities Lending, providing transparency, efficiency and liquidity to the historically opaque Stock Loan markets.

LendEx is the first electronic, single-stock, market maker based, securities lending platform for U.S. equities. The platform provides Institutional, Pension, Retirement System, and Plan Sponsors dynamic, transparent, benchmarking tools in a fully electronic, anonymous environment.

Giving managers a unique opportunity to get price discovery and transparent real-time market data for securities lending is proving to be a winning model as LendEx continues to gain market share, and bolster its first to market advantage.

Locatestock.com, which aggregates, electronic requests to borrow shares for short sellers will begin pointing all unfulfilled Locate Requests towards LendEx beginning later this month.

"With the ever expanding credit disintermediation opportunities available today, LocateStock has been able to utilize many creative and innovative solutions to bring together beneficial owners and short sellers," said John Tabacco, CEO, LocateStock.com. "Our ability to use innovative platforms like the OCC Hedge program, which we have used for years, has given us a unique ability to be the world leader in Global Electronic Locate technology, and we look forward to further synergizing our new products, to provide more value and transparency to the Global Securities Lending Markets."

About LendEX
LendEX is an Institutional Securities Lending Portal that offers portfolio securities, including "hard-to-borrow" securities, via an open marketplace to all Securities Lending Participants.

About LocateStock.com
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales.

To learn more about hard-to-borrow stocks please visit www.LocateStock.com.

CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, LLC

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