Mediant 'Deregulates' Proxy Fees Lowers Costs for Corporate Clients

NEW YORK, Jan. 14 /PRNewswire/ -- Mediant Communications, a provider of proxy
services to both brokers and corporations, announced today it is unilaterally
lowering the fees its corporate clients must pay for distribution of proxy
materials to account-holders at its broker clients.

Mediant's introduction of competitive fees comes two months after it launched
its proxy service for brokers in partnership with Legent Clearing, an
independent clearing broker, breaking into a market long dominated by
Broadridge Financial Solutions.

A schedule of fees that brokers may charge corporations for distributing proxy
materials to beneficial account holders is published by the New York Stock
Exchange (NYSE). Now Mediant will offer a competitive, lower fee schedule for
those corporations that use its issuer services.

"The NYSE fees are a ceiling and not a requirement," says Arthur Rosenzweig,
President of Mediant. "We believe competition will lower these fees and we are
the first competitor to do so."

A corporation's shareholders may own either registered shares, purchased
directly from the corporation, or "beneficially owned" shares purchased
through a broker and held in "street name." In either case the corporation
pays for proxy distribution, but while the proxy fees for registered shares
are competitive the fees for beneficial shares have been regulated and
monopolistic.

Mediant's new proxy fee schedule will be implemented immediately for several
hundred corporations who already use Mediant's Issuer Services. They will
receive a 25% reduction in the basic processing fee on all beneficial accounts
processed by Mediant. "The proxy industry is not a natural monopoly and the
fees do not have to be regulated," says Rosenzweig. "Instead proxy fees should
be negotiated between corporations and the brokers or their intermediaries.
Web-based technology has lowered processing costs, and corporations can share
the benefit in terms of lower fees."

About Mediant Communications
Mediant Communications LLC was established in 2002 to provide proxy, corporate
action and prospectus distribution services to corporations, banks and
brokers. The company's Issuer Services division began providing electronic and
print proxy services to corporations in 2006. The company's Broker Services
division provides both proxy and mutual fund prospectus distribution. The
company is based in New York City with facilities in New Jersey and North
Carolina. For more information, go to www.mediantonline.com.

About Legent Clearing
Legent Clearing is a leading independent provider of correspondent clearing
services. Since its founding in 2002, Legent has grown rapidly as a result of
its unique combination of independence, best-of-breed technology and ability
to offer customized solutions. Legent provides access to investment products
such as equities, mutual funds, foreign securities, fixed income investments,
prime brokerage, options, annuities, DVP/RVP and WRAP accounts through a
variety of online tools and platforms. Legent Clearing, a wholly owned
subsidiary of Legent Group, is headquartered in Omaha, Nebraska. For more
information, go to www.legentclearing.com.

SOURCE Mediant Communications

press, Susan Assadi, 800-922-8792, Susan@Assadi.com, or Angela Jamison,
+1-480-860-8792, angela@assadi.com, both of Gitenstein & Assadi PR; or sales,
Matt Wilder, Mediant Communications, +1-212-440-6809,
mwilder@mediantonline.com; or Legent Clearing Sales, +1-877-877-0217,
Info@legentclearing.com