DEBTX TO SELL €138 MILLION IN GERMAN AND ITALIAN LOANS

Active Bidding Expected For Loans Originated In Europe

BOSTON,  March 25, 2009

DebtX, the largest marketplace for loans, today announced it will sell more than €138 million in non-performing loans from three financial institutions in Germany and Italy.

In Germany, DebtX is executing two separate sales. On May 6, DebtX will sell €94 million in non-performing loans secured by commercial real estate located throughout Germany. On May 14, DebtX will sell €14 million in non-performing loans secured primarily by residential real estate in East Germany.

In Italy, DebtX is selling €30 million in non-performing, consumer finance loans located throughout the country. Due diligence materials for all three sales are available to registered and approved investors at www.debtx.com.

Including these European loan sales, DebtX is currently in market with more than $500 million in loans.

“DebtX’s European loan sales are attracting broad investor interest, and we expect active bidding for all three loan portfolios,” said DebtX Managing Director Gifford West, head of the company’s European operations. “The European loan sale market remains very robust at DebtX due to the strong liquidity and increasing demand for non-performing loans from investors around the world.”

West said DebtX expects to hold additional European loan sales in coming months as more financial institutions in the Euro zone seek to sell loans rather than managing them through prolonged workouts. By selling loans in the secondary market, institutions can return to health and profitability faster, and position themselves to pursue M&A activity in the consolidating European market.

“DebtX has been in Europe for over six years and has built a strong, multi-lingual team drawn from across the region,” West said. “Two of the loan sales represent repeat business from established customers. DebtX can help financial institutions re-liquefy their balance sheets and focus again on the business of making profitable loans. In light of the credit crisis, most European banks have re-examined their balance sheets and understand the need to take action. Through programmatic loan sales at DebtX, institutions can actively manage their loan portfolios, while reducing overall risk.”

About DebtX
DebtX is one of the world’s leading full-service loan sale advisors for commercial, consumer and specialty finance debt and has successfully executed sales in North America, Europe and Asia. DebtX operates the world’s largest and most liquid online marketplace for loans, with more than 6,000 registered and approved investors and more than 300 selling institutions, including commercial banks, insurance companies, investment banks and government-sponsored enterprises. DebtX also offers DXMark®, the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DXOpen® is a family of deal management products used by syndication and agency services professionals. DebtX has U.S. offices in Atlanta, New York, and San Francisco, and European offices in London and Frankfurt. For information, call +1-617-531-3400 or visit www.debtx.com.

Media Contact:
Greg Berardi, Blue Marlin Partners, +1-415-239-7826, greg@bluemarlinpartners.com