ManageSource Research, Inc. Announces Independent Transaction Certification for Financial Services & Institutional Investors

Market Wire, October, 2005

ManageSource Research, Inc., a specialty provider of independent research for institutions, announced today their Independent Transaction Certification & Valuation services. In the wake of the Refco, Inc. debacle, it's clear that potential conflicts of interest and tainted due diligence continue to plague corporate America at the expense of both retail and institutional investors.

ManageSource is proud to offer institutional investors, broker-dealers and private asset managers an independent alternative to due diligence packages prepared by firms with potential conflicts of interest.

Individual and institutional investors that participate in major financial transactions such as IPOs, M&A, and Private Equity commitments typically have access only to the information provided to them by the firms due to benefit the most financially from the transaction being contemplated. Refco, Inc.'s fall from "hot issue" IPO to bankruptcy in just one month, is a glaring example of the need for investors to seek independent analysis and valuation of every situation prior to making any capital commitments.

ManageSource seeks to provide investors with an extra layer of diligence that provides deep, independent transaction valuation and analytical research on public or private entities.

ManageSource's commitment to independence, accuracy and comprehensive insight provides the investment decision maker with the information she requires to make a confident, fully aware commitment of capital.

ManageSource President, Douglas Rogers, commented: "We are proud to apply our expertise in providing exceptional independent research and analytical valuation to this unique, and unfortunately, persistent problem. Investor confidence has been continuously eroded in recent years amid the discovery of malfeasance at some of the most respected Companies in the world. The unfortunate circumstances at Refco, Inc. recently, are another example that such problems persist at the expense of investors everywhere. Investing institutions need to seek independent valuation and validation services to help ensure that they go into every commitment of capital fully informed. ManageSource is now offering Independent Transaction Certification services that we hope will become the benchmark for investor assurance of quality and full disclosure."

About ManageSource Research, Inc.

ManageSource Research is a California Registered Investment Advisor that provides custom independent equity research, forecasting, valuation analysis and research support services to institutional investors, private asset managers, Broker-Dealers and Investment Banks.

Contact: ManageSource Research, Inc. 9595 Wilshire Blvd., Ste 900 Beverly Hills, CA 90212 (310) 300-8485 http://www.managesource.com