Sub-Prime Worries Drive Auto Dealers and Lenders Toward Streamlined Loan Portfolio Management, GDEX Founder Says

--Global Debt Exchange, LLC:

WHAT: Next to mortgage lenders and home builders, no one is keeping a
      closer watch on sub-prime finance trends than America's
      automobile dealers and the financial institutions that in 2006
      made more than $50 billion in auto loans to sub-prime borrowers,
      according to J.D. Power and Associates.

      That's why streamlining portfolio risk management is high on the
      agenda of both dealers and lenders, says Mike Sheridan, founder
      of Global Debt Exchange, LLC (GDEX) and president of GDEXAuto
      (www.gdexauto.com), a soon-to-be-launched online platform that
      helps automobile dealers and lenders manage their portfolio risk
      by streamlining the packaging, pricing, due diligence, closing
      and funding of packages of asset-backed auto loans.

      Mike Sheridan is available to comment on the fallout from the
      sub-prime crisis on the auto finance business, steps dealers and
      lenders are taking to mute the impacts, and the long-term
      benefits to the industry of a faster, better, safer portfolio
      management process.

WHO:  Global Debt Exchange, LLC (GDEX) is a privately held start-up
      venture that simplifies auto finance by offering GDEXAuto, the
      first Web-based marketplace where auto dealers, banks, credit
      unions, hedge funds and other financial institutions can come
      together to securely evaluate, package, price, sell and purchase
      asset-backed debt.

      Mike Sheridan, Founder & President, GDEX
      Mike Sheridan is a self-described "serial entrepreneur" and
      investment professional. Prior to starting GDEX in late 2006, he
      served as director of Finance at Management Partners Leadership
      Committee; senior associate at Growth Management Partners;
      partner at Blue Water Ventures LLC; and partner at Venature LLC.
      GDEX received $500,000 in Series A funding in June 2007 and is
      based in Alamo, Calif.

      "The sub-prime crisis provides a 'perfect storm' environment
      that will drive auto dealers and lenders to focus on new, more
      efficient ways to quickly assess, package and diversify their
      auto loan portfolios to maximize liquidity and more effectively
      balance risk."

                - Mike Sheridan, Founder, Global Debt Exchange (GDEX)
                  and President, GDEXAuto

HOW:  To schedule an interview with Mike Sheridan of GDEX, contact:

      Ken Greenberg
      Edge Communications, Inc.
      818-990-5001
      ken@edgecommunicationsinc.com