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Vernon & Park Capital, L.P. News

Vernon & Park Capital Acquires Stake in Canadian Trading and Quotation System Inc. ('CNQ')

CHICAGO, May 9 PRNewswire — Vernon & Park Capital, L.P. announced today that it has acquired a minority stake in CNQ, Inc., the first and only new Canadian stock exchange in over 70 years. CNQ has also developed and launched a high-speed trading facility, Pure Trading, which provides an effective and cost efficient alternative for the trading of Canadian equity securities designed to meet the needs of today's global electronic participants. Details of the transaction were not released.

"Vernon and Park is pleased to announce our new investment in CNQ," said Jim Ginsburg, Managing Partner of Vernon & Park Capital. "We are impressed with the management team and the governing body of CNQ, which is revolutionizing equities trading in Canada. The team has developed the right product at the right time. Their execution platform is very attractive to the current generation of traders and investors."

"We established Pure Trading to address the increasingly sophisticated needs of the trading community," said Ian Bandeen, Vice-Chairman and Chief Executive Officer of CNQ. "We are very pleased that Vernon & Park has chosen to invest in our company. They bring considerable industry expertise and relationships in the financial market sector. Their involvement with us will help us achieve our goals of making the trading of equities in Canada better, faster and cheaper."

About Canadian Trading and Quotation System Inc. ("CNQ"), operator of the CNQ stock exchange and Pure Trading marketplace:

Pure Trading provides an effective and cost efficient alternative for the trading of Canadian equity securities. It is the second major initiative of CNQ, which launched the first and only new Canadian stock exchange in over 70 years in 2003, and which continues to steadily add to its complement of listed companies, participating dealers and trading volumes. For more information please visit the websites at http://www.puretrading.ca and http://www.cnq.ca. or call Lida Preyma at 416.572.2000 ex 2285.

About Vernon & Park Capital, L.P.:

Vernon & Park Capital, L.P. ("VPC") is a private equity firm that focuses on investments in the Exchange and Financial Market Sector (the "Sector"). Since 2001, VPC and affiliated parties have combined industry expertise and experience with rigorous financial analysis to successfully deploy its investment capital in the Sector. Through its investment activities, VPC provides capital to its portfolio companies and utilizes its extensive network of industry contacts as a strategic resource to help those companies realize their full economic potential. For more information, please visit http://www.vernonpark.com or call Bruce Werner at 847-374-3953.

SOURCE Vernon & Park Capital, L.P.

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