DEBTX TO SELL $292 MILLION IN RESIDENTIAL REAL ESTATE LOANS

Strong Interest Expected By Local Investors for September 18 Loan Sale

BOSTON,  August 20, 2008

DebtX, the largest online marketplace for debt, today announced the sale of more than $292 million in non-performing residential real estate loans.

The portfolio will be offered in 19 separate pools and will bid on September 18, 2008. The loans were originated by a commercial bank as portfolio loans, primarily in 2006. The portfolio contains the following concentrations: $100 million in Florida, $40 million in California, $26 million in Massachusetts, $16 million in Arizona and $16 million in Nevada. The loans are 95% adjustable rate, and 95% of the properties are owner-occupied.

Qualified investors can register to view and bid on the portfolio at www.debtx.com or call 617.531.3400 for more information.

“DebtX is expecting strong interest from local investors because of the manageable size and geographic concentration of the portfolio,” said DebtX CEO Kingsley Greenland. “By selling distressed debt at DebtX's liquid, online marketplace, a growing number of financial institutions are strengthening their balance sheets and improving overall performance.”

With more than 4,000 registered and approved investors and approximately 300 financial institutions selling through its exchange, DebtX operates one of the world's largest and most liquid online marketplaces for loans. DebtX works with financial institutions to sell Commercial & Industrial (C&I), Commercial Real Estate (CRE), residential and selected consumer debt. DebtX is based in Boston, with offices in Atlanta, Chicago, New York, San Francisco and Frankfurt, Germany.