DEBTX TO SELL $318 MILLION IN CALIFORNIA LOANS

More Than $538 Million In FDIC Loans Bidding At DebtX In March

BOSTON,  March 06, 2009

DebtX, the largest marketplace for loans, today announced that it will sell more than $318 million in loans in Federal Deposit Insurance Corporation (FDIC) receivership on March 31.

The loans are being offered on behalf of the FDIC as receiver for California-based Security Pacific Bank. DebtX is selling a wide range of performing and non-performing loans secured by multifamily real estate, retail, office, industrial, assisted living and business assets throughout California. Due diligence materials for the transaction are now available at www.debtx.com.

“This FDIC transaction is expected to generate strong interest from buyers around the world,” said DebtX CEO Kingsley Greenland. “The FDIC receivership sales are among the growing volume of performing and non-performing loans being sold by global financial institutions seeking to benefit from the liquidity at DebtX’s marketplace.”

On March 17, DebtX is also selling $220 million in FDIC loans. These loans are being offered on behalf of the FDIC as receiver for Sanderson State Bank (Texas), The Community Bank (Georgia), First Georgia Community Bank and IndyMac Bank. These loans are secured by a wide range of collateral, including commercial real estate, business and consumer assets.

About DebtX
DebtX is one of the world’s leading full-service loan sale advisors for commercial, consumer and specialty finance debt. DebtX operates the world’s largest and most liquid online marketplace for loans, with more than 4,000 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 is based in Boston, with U.S. offices in Atlanta, New York, and San Francisco, and European offices in London and Frankfurt. For information, call 617-531-3400 or visit www.debtx.com.

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