SOURCE: Xpert Financial

Xpert Financial

April 29, 2011 07:04 ET

Private Market Share Transactions Radically Streamlined

Xpert Financial Rolls Out Proprietary Auto-Execution Process for Private Company Share Auctions

SAN MATEO, CA--(Marketwire - Apr 29, 2011) - Xpert Financial, Inc. today announced the deployment of its radically streamlined, patent-pending auto-execution process for clearing and settling private-company share auctions as part of all Xpert Private Offerings (or XPOs). With Xpert auto-execution, auctions conducted on the Xpert ATS trading platform can settle and clear in a matter of days, as opposed to weeks or months via current industry practices.

"Technology has brought unprecedented speed and efficiency to financial trading, yet the cumbersome process of shuffling legal documents between buyers, sellers and their intermediaries to settle and clear trades persists," said David Pearl, VP Business Operations, Xpert Financial. "Xpert Financial's proprietary auto-execution methodology completes most of this process nearly instantaneously -- speeding capital to private companies and shares to investors with certainty and security."

At the close of each auction on Xpert ATS, Xpert's proprietary auto-execution technology fills in the results of the auction, including final share price, buyer information and other pertinent details required in the offering documents (which are drawn up prior to the auction with these details left blank). These documents are then electronically signed and executed on behalf of the buyers and sellers. Both parties agree to this process prior to the auction.

In this way, Xpert's auto-execution technology enables the settlement process to begin almost as soon as the auction ends. This is much more efficient than a traditional private placement clearing process in which the offering documents are mailed to each individual participant and subjected to each participant's internal signing process before being returned to the agent so that the offering can be formally closed.

With auto-executed legal documents immediately in hand, Xpert ATS commences the clearing and settlement functions with the assistance of a clearing firm and an escrow agent. Xpert ATS' integration with these firms' solutions provides added confidence and expediency to the settlement process.

"Together, Xpert's auto-execution and clearing functions radically streamline the settlement process, while providing an extra layer of transaction confidence over other private market platforms," said Thomas Foley, CEO, Xpert Financial. "A settlement process that historically takes weeks or months can settle in a matter of days."

About Xpert Financial
From its inception in 2009, Xpert Financial has focused its efforts on creating an electronic platform that benefits both companies and investors in the private securities market. The company's core product, Xpert ATS, is a fully-electronic capital raising and trading platform built exclusively for private company securities. It is operated by Xpert Securities, Inc., a broker-dealer subsidiary of Xpert Financial and a member of FINRA. Xpert ATS supports both primary offerings and secondary trading of private company shares, all under the control of the issuing company. Private companies, qualified institutional buyers and accredited investors that are interested in more information may pre-register at

There can be no guarantee that the Xpert ATS trading platform will perform in the manner desired. Companies available for investment through the trading platform are not subject to the regulatory scrutiny required of publicly traded companies. Consequently, information upon which to make an informed investment decision may not be readily available.

Contact Information

  • Private Company and Investor Contact:
    Nick Nolan
    Xpert Financial
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    Media Contact:
    Tenor Communications
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