New York, NY – 3 January 2007

Quadriserv Inc., a pioneering provider of price transparency and efficiency to the securities lending industry, today announced the appointment of Rick Geisman to the newly-created position of Head of Sales. In this capacity, Geisman will implement and oversee all aspects of sales and business development for hedge fund and institutional managers. He will report directly to Nicky Dawda, Quadriserv’s Chief Operating Officer.

Geisman, who most recently held the position as Head of Sales Trading for CIBC World Markets, brings to Quadriserv 13 years of sell side industry expertise. His experience includes senior positions in U.S. and Canadian equity trading, technology and connectivity issues, equity research, customer relationship management and equity capital markets.

“We believe Quadriserv offers the most innovative and efficient means of executing securities lending transactions to hedge funds, pension plans, and other institutional parties,” stated Joseph Weinhoffer, co-founder and chief executive officer of Quadriserv. “Our progress capturing opportunities in this $10 Billion revenue market has been notable, and Rick brings the experience, industry knowledge, and industry contacts to accelerate our revenue growth. We are delighted he has joined Quadriserv as Head of Sales, and look forward to his leadership as our Company continues to grow.”

“The securities lending industry is ripe for change, and Quadriserv has the management team, process technology, and knowledge to lead the way,” said Mr. Geisman. “I chose Quadriserv because of its first-mover advantage in this market, and look forward to building and leading a knowledgeable and committed sales force to grow Quadriserv’s revenue and expand its customer base.”

As Head of Sales Trading for CIBC World Markets, Geisman was responsible for the oversight of sales traders in New York, Boston, San Francisco and London. He was involved in the administration of research, account management and equity capital markets allocations. Prior to this experience, Geisman was Co-Head of U.S. Equity Trading at CIBC World Markets, where he was responsible for all aspects of Listed and Nasdaq block trading. Previously, Geisman held positions assisting in the rebuilding process at Sandler O’Neill and Partners after September 11th, 2001, and Citigroup/Smith Barney as a sector head in the financial institutions group within U.S. Equities.

Geisman holds a B.A. in Business Management from Boston University 1993.

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