Private Trading Systems reports Admiral Asset trade services deal

Source: Private Trading Systems

Private Trading Systems, Inc. (Pink Sheets:PVTM) announces a revised Trading Services Agreement with Admiral Asset Group, Inc. of New York.

Private Trading Systems operates a platform for trading financial instruments in electronic form with instantaneous clearance and settlement in real time. The Company will provide trading facilities for Securitized Trusts of Life Insurance Policy Settlements in electronic form through its European subsidiaries for Admiral Asset Group. The five year exclusive Agreement will cover a successive series of Instruments when and if issued; the first of which is expected to have an aggregate face value of $84 million.

During the first year of the life of the Agreement, Private Trading Systems expects to process policies in trusts with a total minimum face value of $1.8 billion which could generate significant fees and commissions in excess of $20 million to the Company.

The Instruments being contemplated, when and if issued, will be dematerialized into electronic form under a separate cross-participation agreement that Private Trading Systems has with DeMatco, Inc. (OTCBB:DMAT) and its wholly owned UK subsidiary company DeMatco Limited. DeMatco will provide dematerialization services to Private Trading Systems and its clients under arrangements which complement the Company's straight through processing system allowing access to markets worldwide.

Mr. Austin Burrell, Chairman of Private Trading Systems, commenting on the development states, "This enhanced Agreement demonstrates growing confidence in our proprietary trading process. We are delighted that Admiral Asset Group has chosen to further strengthen its arrangements with us and I expect that this will become a profitable and growing association for both companies. Private Trading Systems' arrangements with DeMatco have also been revised permitting us to handle significant volumes of these and other financial instruments for both Admiral Asset Group and future customers."

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