Bill Looney Named President of U.S. Loan Sales

Senior Executive Elevated To Oversee All Loan Sale Activity

BOSTON, Oct. 27 /PRNewswire/ -- DebtX, the largest marketplace for loans,
today announced that Bill Looney has been promoted to President of U.S. Loan
Sales.

Looney, who was previously Executive Vice President, will continue to be
responsible for managing all of DebtX's loan sale operations in the United
States. Under Looney's leadership, DebtX has grown from a start-up to the
nation's most active and liquid marketplace for whole loans.

"Bill's promotion to President of U.S. Loan Sales reflects the outstanding job
he has done over the years," said DebtX CEO Kingsley Greenland. "Bill's vision
and stewardship will continue to guide DebtX as a market leader and
innovator."

Looney has more than 25 years of loan sale and lending experience, and has
worked for DebtX since it was founded in 2000. Before joining DebtX, he was a
founding partner in the Boston law firm of Looney, Cohen, Reagan & Aisenberg
LLP, which specializes in representing banks and investment banks in
commercial loan sales and other commercial transactions. Prior to that,
Looney managed middle market corporate and commercial real estate lending and
workouts at several Boston commercial banks. Looney earned a Bachelor of Arts
degree from Harvard College and received his Juris Doctor from Suffolk
University Law School.

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 6,000
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, Madrid and Frankfurt. For information, call
617-531-3400 or visit www.debtx.com.

SOURCE DebtX

Greg Berardi of Blue Marlin Partners, +1-415-239-7826,
greg@bluemarlinpartners.com, for DebtX