SOURCE: SPADE Indexes

June 25, 2008 10:05 ET

SPADE Oklahoma Index Launched; OOK Advisors to Offer OOK Exchange-Traded Fund

WASHINGTON, DC--(Marketwire - June 25, 2008) - SPADE Indexes is pleased to begin publication of the SPADE Oklahoma Index (AMEX: OKLAH). Designed to track the performance of companies whose corporate headquarters are located in Oklahoma, the Index serves as the core to a forthcoming exchange traded fund offered by OOK Advisors; a firm established by the Geary Companies, parent corporation of Capital West Securities, a full-service brokerage firm based in Oklahoma City.

The modified market capitalization weighted index contains more than 30 companies that meet a range of criteria including a market capitalization greater than $100 million; a minimum $5.00 daily share price; and sufficient liquidity. Many of these firms are involved with the energy business or have located in Oklahoma because it is known as a business friendly state with low tax rates. Through the end of May, the Index had a year-to-date, total return of 27.59% and has outperformed the S&P 500 annually since 2000 by an average of 21.03%.

According to Scott Sacknoff, president of SPADE Indexes, "The success of a product focused on a community is heavily dependent of the offerer's understanding and reputation within that local market. Capital West Securities has long focused on this market, and we think that their ETF presents investors with an intriguing opportunity.

"With a correlation below 90% with the S&P Energy Index, the SPADE Oklahoma Index presents investors with an alternative means to diversify their core energy holdings. For individuals and institutions located within the state, it presents an opportunity for investors in the region to show pride in their hometown and invest in the businesses that are the core to their local economy."

The Index will be rebalanced and reconstituted quarterly each March, June, September, and December.

About SPADE Indexes

SPADE Indexes is a private company that develops, maintains, and licenses independent and unbiased indexes for use in investment products such as exchange traded funds. Indexes managed by the firm have to date attracted more than $250 million. Additional information on the SPADE Oklahoma Index can be found at http://oklahoma.spadeindex.com.

About OOK

OOK Advisors, LLC, plans to launch an Oklahoma Exchange-Traded Fund in 2008 with the proposed stock symbol "OOK." Once approved, OOK will trade on the American Stock Exchange. For more information, go to www.ooketf.com.

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