"Veteran Specialty Finance Bankers Announce the Launch of a New Origination and Asset Management Venture"

Online, August 19, 2010 (Newswire.com) - NEW YORK, NY - Richard Wisniewski, Vincent Salerno, Mark Parsa and Bart Stankiewicz are pleased to announce the launch of Brooklyn Park Asset Management, LLC ("BPAM"), a comprehensive origination and asset management platform specializing in lending and investment within the consumer and commercial specialty finance industries.

Despite unprecedented intervention by the federal government to soften the impact of the financial crisis, the current credit markets remain quite challenging. It is within this context that BPAM's principals believe the need for experienced and seasoned professionals capable of navigating the challenges inherent in specialty finance investing could not be greater.

With over 50 years of combined experience in structured finance and secured lending, BPAM's mission is to provide best-in-class underwriting, execution and management services for transactions in esoteric, and often illiquid, specialty finance assets, a niche that BPAM principals have been serving for most of their respective careers. Through strategic relationships with various funding sources, in combination with its credit, due diligence, and asset management expertise, BPAM is able to provide warehouse financing and investment solutions to lenders and investors for a wide range of opportunities.

BPAM principals have worked together for more than a decade at various institutions, including ING Barings, DZ Bank AG and Fortress Investment Group. They have originated and executed on several billion dollars of transactions across an array of asset classes, in addition to building several successful specialty finance banking platforms still in existence today. Asset class expertise includes:

• Structured Settlement, Lottery, and other Discounted Cash Flow Receivables;
• Home Improvement Loans;
• Auto, Motorcycle and RV Loans;
• Credit Card Receivables;
• Equipment Loans and Leases;
• Unsecured Loans and Lines of Credit;
• Direct Sales Finance Contracts;
• ABL, Factored Receivables and Inventory;
• Various Insurance-Backed Receivables (senior life settlements, premium finance loans, agent commission-backed loans); and
• Timeshare Receivables.

A broad network of industry contacts and extensive transactional capabilities allow BPAM to provide investment funds, commercial banks and other sophisticated investors with a comprehensive solution for making and managing investments in the specialty finance sector; from sourcing opportunities and providing asset-level due diligence and underwriting to deal execution and post-closing asset management. These services apply to a variety of transactions, including:

• Portfolio Acquisitions;
• Asset Acquisition Joint Ventures;
• Platform Acquisitions;
• Liquidity Transactions and Warehouse Facilities; and
• Asset Sale and Securitization Advisory.

For further information, please visit BPAM's web site at www.brooklynparkam.com.