DebtX Expands Sales Team

Three Financial Services Professionals Join Leading Loan Sale Advisor

BOSTON,  July 13, 2005

DebtX, one of the nation's largest loan sale advisors for commercial debt, today announced the appointment of three sales executives with significant industry experience in financial services and commercial real estate.

The new DebtX executives include:

• John Sauer, Director of Sales. Sauer has 25 years of experience in financial services and commercial real estate. Most recently, he was Vice President, Real Estate Finance, of CIT Group in Alpharetta, Georgia.
• Suzanne Blossfeld Ellis, Director of Sales. Ellis has more than 20 years of experience in the financial services industry. Most recently, she was a founding partner of MBS Associates, a loan sale advisor in Boulder, Colorado.
• Hendon Pingeon, Director of Sales. Pingeon has more than 10 years of financial services and technology experience. Most recently, he was National Sales Director of Valora Technologies, a document management company in Waltham, Massachusetts.

"This expansion of our sales team is in direct response to the growing demand for loan sale advisory services from financial institutions of all sizes," said DebtX CEO Kingsley Greenland. "Suzanne Blossfeld Ellis, Hendon Pingeon and John Sauer are strong additions to the DebtX team and will help our clients find more opportunities to create liquidity in their loan portfolios, increase profitability and reduce risk."

The appointments to DebtX's sales team come a month after Matt Galligan, a commercial real estate syndication executive with more than 25 years of experience, joined DebtX as Executive Vice President, Real Estate Capital Markets.

About DebtX
DebtX is one of the nation's leading full-service loan sale advisors for commercial debt. DebtX helps commercial banks, insurance companies, investment banks, government agencies and other institutions increase profitability and reduce risk by offering comprehensive loan sale advisory services that create liquidity in an institution's loan portfolio. DebtX operates the largest online marketplace of buyers and sellers of commercial debt and offers a variety of innovative information services. These include: DXMark, the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales; and DXOpen, the direct access channel to DebtX's online marketplace for those institutions that want additional flexibility to initiate and manage loan sales. For information, contact, 617-531-3400 or visit www.debtx.com.