Dear Friend,

Our goal at NYPPEX is simple - to help you achieve your objectives in alternative assets.

Our unique combination of specialized professionals, services and technologies offer an unmatched capability to solve a wide variety of client objectives. Whether you are a CEO of a private company seeking to privately list unregistered securities, manager of alternative investments considering a portfolio rebalancing or chief financial officer of a family office interested in liquidity through a credit facility backed by alternative investments, NYPPEX can help.

In 2007, we introduced some exciting services to the private markets:

	Initial Private ListingsTM ("IPLs") - NYPPEX listed private companies a) enable shareholders to periodically access liquidity by selling unregistered securities and b)may issue unregistered securities to raise capital in the global private markets.
	Portfolio Rebalancing Reports - NYPPEX provides secondary bid indications, quartile return rankings and other information to help you evaluate rebalancing portfolios of interests in private partnerships and direct investments in private companies.
	Independent Fair Value Estimates - NYPPEX provides fair value estimates on alternative investments to meet the requirements of FASB Statement Number 157.
	Arranging Credit Facilities - NYPPEX arranges credit facilities of $25 million or more collateralized with unregistered interests in private partnerships or unregistered securities in private companies.

I believe what matters most, is that NYPPEX is a brand you can trust.

Sincerely,

Laurence G. Allen
Managing Member

July 2007