SOURCE: Bright Meridian International, LLC

October 25, 2006 09:54 ET

Bright Meridian Launches New Research Marketplace, Establishes New York Headquarters

NEW YORK, NY -- (MARKET WIRE) -- October 25, 2006 -- Bright Meridian International, LLC ("Bright Meridian"), creator of the Research Trust™, a proprietary service for brokering relationships between public companies and sell-side research firms, today announced the opening of its New York Headquarters.

"We are extremely excited about our new proprietary process for brokering relationships between companies who desire objective coverage of their equity securities and research providers who provide the analysis investors seek," said Daniel Blank, co-founder and Chief Executive Officer of Bright Meridian.

On-going changes in the marketplace including Regulation Fair Disclosure, the Global Research Analyst Settlement, and compression and unbundling of trading commissions have each contributed to an economic shift in the U.S. equity capital markets not seen since the end of fixed commissions in the 1970s. Collectively, these events have contributed to the changing economics of investment research, resulting in a reduction of fundamental equity research coverage on many smaller market-cap companies in the U.S. and abroad.

"Today more than 30% of U.S. listed public companies go without research coverage or are underfollowed due to the changing economics of the equity research business," added O'Hara Macken, co-founder and Head of Sales and Business Development. Because of this "perfect storm" of market events, companies have been left with virtually no viable option for increasing the amount of analyst coverage they have. "Equity research is an important piece of the information flow continuum between companies and their core constituents. Ours represents a solution to the problem that many companies face in gaining access to the credible research coverage they seek and the insight their investors demand to allocate capital in the market," continued Macken.

"We are creating a very unique opportunity for companies to gain access to quality equity research coverage produced by leading sell-side firms. At the same time we are enhancing the economics of the equity research business for sell-side providers," noted Blank. "Our first product offering, utilizing our proprietary Research Trust™ service, allows us to broker conflict-free relationships between companies and leading sell-side research firms for the production and distribution of fundamental equity research to investors and other business critical constituents."

From its New York Headquarters, Bright Meridian will continue to develop key strategic relationships with sell-side research providers, corporate issuers and other participants and supporters of the capital markets. Over the next twelve months, the Company plans to open additional offices in the U.S. and overseas to support its strategic growth initiatives.

About Bright Meridian International, LLC

Bright Meridian International is a new research marketplace founded by a management team with over 50 years of combined experience, including the launch of a first-generation business model for brokering research relationships. Bright Meridian is dedicated to increasing information flow in markets where economics or the lack of source credibility are suppressing the creation and distribution of equity, industry or academic research. For additional information or to schedule an interview, please contact:

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