Green Drake Capital Launches Investment Banking Division — Aspenwood Capital

Division to Focus On Private Placements for Small-Cap Companies, Reverse Merger Transactions

NEW YORK, N.Y., April 18, 2006 — Green Drake Capital Corp., an FINRA registered broker-dealer located in New York City, today announced the formation of Aspenwood Capital, an investment banking division based in Golden, Colo. that will raise capital for small-cap public issuers and select private companies interested in going public through a reverse merger.

The three principals of Aspenwood — Steve J. Ossello, H. Reed Madison and Christopher S. Wrolstad — each have more than 20 years of experience in investment banking and entrepreneurial finance.  During their careers, they have raised capital for public and private companies using a variety of financing structures.  Most recently, the principals were with Keating Investments, LLC of Denver, which specializes in reverse mergers and private placements.

Aspenwood was created to serve the investment banking needs of emerging growth companies in a variety of sectors, including healthcare, technology, biotechnology, consumer products and business services.  Aspenwood often employs PIPEs (private investment in public equities) and convertible securities to raise capital for its investment banking clients.

"We believe emerging growth companies are an underserved market with unique investment banking needs," Ossello said.  "What differentiates us from the competition is the relationships we have with strategic institutional and high-net-worth investors accustomed to investing in smaller companies.  In addition to providing early stage capital, these investors also offer strategic and advisory assistance to the companies in which they invest."

Joining Green Drake gives Aspenwood access to an even broader capital base, including more than 200 institutional and high-net-worth investors who are members of the Restricted Securities Trading Network (www.RestrictedSecurities.net).  The network, which was created by Restricted Stock Partners (RSP), also a division of Green Drake, is the first network to bring together buyers and sellers of restricted securities.  Members of the network manage in excess of $75 billion in liquid assets.

In addition, since private placements and reverse mergers result in the creation of restricted securities, Aspenwood is a perfect match for Restricted Stock Partners, according to RSP Chief Executive Officer Barry E. Silbert.

"The pairing of our businesses in Green Drake will help Aspenwood clients raise capital, complement the business of Restricted Stock Partners and create new opportunities for members of the Restricted Securities Trading Network," according to Silbert.

Ossello said he and his partners were attracted to Green Drake because of the synergy between Aspenwood and RSP, as well as the management experience and innovative approach taken by the company’s principals.

About Aspenwood Capital
Aspenwood Capital of Golden, Colo., the Investment Banking Division of Green Drake Capital Corp. (member FINRA), specializes in providing investment-banking services to small-cap public issuers and late-stage private companies.  Aspenwood Capital focuses primarily on raising capital and providing strategic advice for public companies, as well as taking private companies public through reverse mergers.

About Restricted Stock Partners
Restricted Stock Partners (RSP) of New York, N.Y. operates the Restricted Securities Trading Network (www.RestrictedSecurities.net), providing liquidity and trading solutions to institutional and accredited investors who hold restricted securities positions in public companies.  RSP also offers hedging strategies and other institutional services, such as restricted transaction support, Rule 144 sales and valuation expert opinions.  Additional information is available at www.RestrictedStockPartners.com.

About Green Drake Capital
Green Drake Capital Corp. is an FINRA-registered broker-dealer located in New York City.  Restricted Stock Partners (RSP) and Aspenwood Capital are divisions of Green Drake.

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