Pink Sheets Electronic OTC Markets Announces Record Trading Volume in 2007

Market Wire, January, 2008

Pink Sheets LLC today announced that trading in Pink Sheets securities was over $162 billion of dollar volume and 769 billion of share volume in 2007 -- making Pink Sheets the leading U.S. share trading venue after NASDAQ and NYSE.

Trading dollar volume in Pink Sheets securities was distributed in the following market tiers and categories during the month of December:

Dollar Volume Distribution               December 2007

                                         Percentage of    Average Monthly
                                         Total Dollar     Dollar Volume per
Tier or Category           Securities    Volume           Security

OTCQX                               24            5.2%          $26,019,827
Current Information              1,111           65.4%           $7,070,563
Limited Information                521           27.5%           $6,342,193
No Information                   3,466            1.9%              $64,248
Total:                           5,122                           $2,344,170

Caveat Emptor                      208            0.1%              $61,195

OTCQX is a new OTC market tier that offers a community based listing process designed for strong, trusted companies.

Advantages of an OTCQX branded listing include:

--  A listing on the premier OTC trading venue in the U.S.
--  Increased quality, quantity and availability of information in the OTC
    market to U.S. investors.
--  Distinction as a company committed to making accurate and credible
    disclosure available.
--  Enhanced reputation and visibility in the marketplace.
    

Pink Sheets disclosure categories were introduced in August 2007 to separate out by their level of public disclosure the companies that are not eligible for the elite OTCQX market tier. More information is available at: http://www.pinksheets.com/pink/otcguide/categories.jsp

Increased transparency and trading efficiency have led to a tenfold expansion in OTC trading volumes since 2001:

            Pink Sheets Annual Trading Volumes

                  Dollar Volume     Share Volume

            2007  $162,905,110,913    769,440,803,790
            2006  $113,384,270,295  1,058,536,315,977
            2005   $56,701,143,455    597,022,266,202
            2004   $50,664,705,773    819,497,955,348
            2003   $26,519,749,632    187,539,605,819
            2002   $20,147,942,092     84,119,337,664
            2001   $16,111,768,880     72,102,169,207

Pink Sheets trading offers the largest worldwide pool of liquidity among alternative or entry level markets for the shares of public companies:

  December Average Daily Trading Statistics for Alternative Markets*

                            Securities    Dollar Volume     Share Volume

  Pink Sheets                    5,122    $631,613,030      2,040,074,479
  American Stock Exchange          753    $622,197,191         85,743,745
  LSE AIM                        1,694    $519,166,825        513,305,000
  NASDAQ Capital Market            531    $393,229,394         60,626,325
  FINRA OTC Bulletin Board       3,613    $136,829,594      1,244,697,336
  TSX Venture                    2,338    $128,300,000        200,700,000
  NYSE Arca                         12     $27,370,770          2,392,195

--  *Data for U.S. markets is based on Pink Sheets estimates and does not
    include Exchange Traded Funds, Closed End Funds or Real Estate Investment
    Trusts.
--  Pink Sheets data does not include the 3,489 securities that are dually
    quoted on the Pink Sheets and FINRA OTC Bulletin Board (OTCBB).
--  75 companies upgraded to NASDAQ from the Pink Sheets or the OTCBB in
    2007.
    

Pink Link Electronic Messaging Service continues its leading position in the OTC market:

     December 2007 Pink Link Volumes

                         Trades    Dollar Volume      Share Volume

     Pink Sheets         271,886   $3,883,398,724     14,144,447,031
     OTCBB               269,188     $742,036,678      8,315,109,990
     Total               541,074   $4,625,435,402     22,459,557,021

33% of all OTCBB share trading volume takes place across Pink Link. In comparison there were 255,265,059 shares traded on the NYSE ArcaEdge electronic platform for OTCBB securities in December 2007.

Pink Sheets community of competing Market Makers continues to grow in size and sophistication:

Top 25 Pink Link Broker Dealers for December 2007

MMID  Firm Name                          Dollar Volume    Share Volume

NITE  Knight Equity Markets, LP          $836,144,124     10,180,424,335
JANE  Jane Street Markets, LLC           $821,568,590         31,870,593
AUTO  Automated Trading Desk             $818,246,732      2,276,204,320
UBSS  UBS Securities LLC                 $682,897,677      5,001,006,653
MLCO  Merrill Lynch, Pierce, FS, Inc.    $436,260,188         21,618,617
NIII  Noble International Inc.           $415,841,590         37,103,285
SBSH  Citigroup Global Markets Inc.      $404,414,023      8,248,817,132
INTL  Intl Trading, Inc.                 $359,447,195         20,934,869
HILL  Hill Thompson Magid & Co.          $345,747,268        675,844,990
ETRD  E*TRADE Capital Markets LLC        $315,691,522      5,493,554,240
DOMS  Domestic Securities, Inc.          $312,929,319      2,236,369,143
HDSN  Hudson Securities Inc.             $295,020,185      2,988,688,787
GSCO  Goldman Sachs & Co.                $294,240,115         28,677,565
ABLE  Natixis Bleichroeder Inc.          $279,499,611        611,023,018
JEFF  Jefferies & Co., Inc.              $278,559,755         41,362,992
LEHM  Lehman Brothers, Inc.              $185,557,608          9,649,399
PERT  Pershing Trading Company           $157,285,665        589,265,374
MAXM  Maxim Group LLC                    $156,692,733        279,967,734
CANT  Cantor Fitzgerald & Co., Inc.      $151,437,091         13,911,146
STEW  Collins Stewart Inc.               $119,484,589         18,140,077
BEST  Bear Stearns & Co. Inc.            $118,576,654         68,868,538
MSCO  Morgan Stanley & Co., Inc.         $108,478,644         13,546,855
VNDM  Vandham Securities Corp.           $103,577,303        259,583,223
DBAB  Deutsche Bank Securities Inc.       $96,654,185          6,339,258
SGAS  SG Americas Securities, LLC         $92,342,184          3,629,295