Ovetii Comment as Depositary receipt trading tops $2 trillion

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 27, 2007 -- Sources say that according to data and research compiled by Ovetii, american depositary receipts allow foreign companies to raise capital in the US in dollar-denominated securities that represent ownership of shares in a foreign company but trade, clear and settle as a domestic stock. Global depositary receipts are usually listed on a European stock exchange and clear through European settlement systems.

In addition, Ovetii research apparently revealed that over-the-counter, non-SEC registered and other depositary receipt markets in the US reported $75bn of trading value during the first nine months of 2007, according to The Bank of New York Mellon estimates.

A spokesman for Ovetii apparently stated that emerging market issuers were among the most active and contributed six out of the eight most heavily traded depositary programs.

Ovetii