SOURCE: PowerShares Capital Management

April 10, 2007 16:54 ET

"QQQQ" CUSIP and Name Change Thursday, April 12, 2007

CHICAGO, IL -- (MARKET WIRE) -- April 10, 2007 -- PowerShares Capital Management LLC announced that Thursday morning, April 12, 2007 the "QQQQ" (NASDAQ: QQQQ) will begin using a new CUSIP Number as part of its sponsorship transition.

          New Name:             PowerShares QQQ™
          New CUSIP Number:     73935A 104
The new CUSIP will become effective on Thursday, April 12, 2007 concurrently with the expiration of the old CUSIP. The new name is PowerShares QQQ™. As previously announced on March 21, 2007 PowerShares became the sponsor of the NASDAQ-100 Trust, which tracks the NASDAQ-100 Index®. The PowerShares QQQ has over 1 million shareholders and approximately $17 billion in assets.

"We are very proud to have the PowerShares QQQ as part of our industry-leading ETF family," said Bruce Bond, President of PowerShares Capital Management. "As the most actively traded listed equity security in the World, the PowerShares QQQ is consistent with our commitment to seek to provide the most compelling investment tools available in the financial marketplace today."

PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution® providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions. Additional information is available at

Risks of Owning Exchange-Traded Funds

Exchange-Traded Funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The Funds are not actively managed, and shares of the Funds may trade at or below the Funds' NAV. Exchange-traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance. Ordinary brokerage commissions apply.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contain this and other information about the PowerShares QQQ unit investment trust, please call 888-627-3837 or visit the website Please read the prospectus carefully before investing.

PowerShares® and Leading the Intelligent ETF Revolution® are registered marks of PowerShares Capital Management, LLC.

ALPS Distributors, Inc., a registered broker-dealer, is the distributor for PowerShares QQQ.

PowerShares and ALPS Distributors, Inc. are not affiliated.

Contact Information

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