Attorney and ETF Expert Named COO and Chief Compliance Officer of Clear Asset Management

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Roger Braunfeld Joins Clear Asset Management, Effective June 1, 2008.

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I am excited to be part of the strong Clear Asset Management team which has created a compelling investment process and launched several successful products

Clear Asset Management Inc. (ClearAM), http://www.clearam.com), a money management and equity research firm announced today the appointment of Roger Braunfeld, a business attorney and ETF expert as Chief Operating Officer and Chief Compliance Officer.

Braunfeld previously served as both Managing Director and General Council of XShares Group LLC where he was integral in the launching of 31 exchange-traded funds (ETFs) and oversaw general business operations. Prior to XShares, he practiced business law at Blank Rome LLP (please click here for his bio http://www.clearam.com/Company/management.aspx).

"Roger's business and legal acumen are a valuable addition to Clear Asset Management," said Andrew Corn, CEO. "His versatility and knowledge will further our goal of building a world class asset management business."

"I am excited to be part of the strong Clear Asset Management team which has created a compelling investment process and launched several successful products," said Braunfeld. "I look forward to contributing to the future growth of the company."

The Clear Large Cap Value and Clear Mid Cap Growth portfolios were both recently named to the quarterly Informais/PSN Investment Manager Top Guns list.

About Clear Asset Management
Clear Asset Management offers four equity style portfolios to institutions, financial intermediaries and individuals in separately managed accounts. Portfolio construction and stock selection is performed utilizing its proprietary multifactor models that screen, rank and weight stocks. Transparency, risk management and a focus on delivering consistent long-term results while avoiding the human bias and conflicts of interest that have plagued Wall Street and the fund industry all set ClearAM apart. ClearAM is a Registered Investment Advisor. For more information, please see http://www.clearam.com.

Through its wholly-owned subsidiary Clear Indexes LLC, it creates and publishes custom indexes for institutions and packaged products, some of which are tracked by Unit Investment Trusts and Exchange Traded Funds (ETFs) including (EXB), (CSD) and (CUT). For more information, please see http://www.clearindexes.com.

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Wendy Marx
Marx Communcations
(203)445-2850
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Danielle Graci
Marx Comunications
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