WELLS FARGO SELECTS DEBTX SYNDICATION PLATFORM

DXSyndicate™ Institutionalizes Syndication Process

BOSTON,  June 16, 2008

DebtX today announced that Wells Fargo & Company (NYSE: WFC), one of the nation's top loan syndicators, now uses DXSyndicate, a Web-based deal management platform that institutionalizes the loan syndication function.

“Wells Fargo's decision to manage its syndications through DXSyndicate is a significant milestone,” said DebtX CEO Kingsley Greenland. “DXSyndicate provides new capabilities to leverage institutional knowledge, which is a critical advantage in structuring and distributing syndicated loans, especially in today's volatile credit environment.”

DXSyndicate integrates investor contact management, deal tracking, and secure document distribution in a single, Web-based platform.

“Wells Fargo reviewed several options before making its decision and chose DebtX because of its exceptional customer service and ability to meet our company's specific needs,” said Lesley Eckstein, executive vice president and group head of Wells Fargo Debt Capital Markets. “DXSyndicate enables us to centralize our corporate loan syndications, real estate loan syndications, and private placements in a single, Web-based platform accessible to all our capital markets professionals nationwide.”

Wells Fargo conducted an in-depth vendor assessment to ensure DebtX and the DXSyndicate platform complied with the bank's strict security and compliance policies. The review included multiple physical site assessments, a line-by-line source code review, and operational and financial examinations.

“We are pleased to be working with Wells Fargo, a recognized leader and innovator in the banking industry,” said DebtX Managing Director Bill Jakubowski. “DXSyndicate provides a state-of-the art solution supported by a group of professionals who share Wells Fargo's view that long-term relationships are built upon a foundation of high-quality customer service.”