Holders of auction-rate securities, restricted stock, warrants, convertibles and bankruptcy claims looking for liquidity or diversification can now present their securities to a network of qualified institutional and accredited investors in one central location.

The Restricted Securities Trading Network (RSTN) already has more than 1,500 members with more than $250 billion in assets available to invest. Members include hedge funds, private equity funds and individuals, but they all share one characteristic - they are interested in buying illiquid securities.

Sellers can list the illiquid securities they want to sell at no cost and with no obligation. Details of the position are shown discreetly to qualified buyers. A privately negotiated sale can take place with no minimum share price and no specific trading characteristics have to be met. No fee or commission is charged unless a sale is completed.

Holders of illiquid securities can offer the securities for sale through the RSTN. Sellers using the RSTN include:

• Institutional investors who hold restricted stock, convertible securities or warrants
• Individuals or companies with auction-rate securities
• High net worth individuals with founder stock or other illiquid assets
• Executives who receive restricted securities in connection with a sale or merger, or as part of a compensation package
• Money managers with clients that own restricted securities or auction-rate securities
• Creditors of bankrupt corporations

To offer securities for sale, contact Restricted Stock Partners at (212) 668-5920.

Advantages of Using the RSTN include:

• We can monetize your illiquid assets, providing the liquidity and diversification you need.
• All of our buyers have "accredited investor" status.
• You will have access to a large group of investors seeking to buy illiquid securities.
• Restricted Stock Partners (RSP) provides all documentation needed to complete a transaction.
• RSP provides the services needed to see the sale through to completion.
• There is no cost unless the sale is completed successfully.

Selling illiquid securities in a private transaction also has several advantages:

• All Securities Are Welcome. Other strategies designed to monetize restricted stock holdings require liquid, marginable securities. No minimum share price or trading characteristics are required to complete a private sale.
• Liquidity When You Need It. If you sell your illiquid securities through the RSTN, the net proceeds will be sent to the account of your choice immediately upon closing.
• Diversification As You Want It. Reduce your risk by diversifying out of a concentrated position. Use the proceeds to diversify through public markets, capitalize a private enterprise, or pay down personal or corporate debt.
• Few Restrictions. In a private sale or restricted stock, the seller is not subject to Rule 144 trading restrictions, such as the six-month holding period, volume limits, public disclosure requirements or filing requirements.
• Competitive Bidding. Due to the large number of active RSTN members, we are often able to generate highly competitive bids that meet sellers' expectations.