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Press Release:
October 12, 2007

Compass Enters Definitive Agreement to Acquire Tuttle Risk Management Services (TRMS)

San Francisco, CA – October 12, 2007– Compass announced today that it had entered into a definitive agreement to buy the TRMS business unit of LION, Inc. (LINN). The transaction is expected to close in November 2007, subject to the satisfaction of customary closing conditions.

Tuttle Risk Management Services (TRMS) provides outsourced risk management and trade execution services and the licensing of proprietary software that provides mortgage pipeline risk management solutions for mortgage companies and savings and loan associations that seek to originate and then sell loans into the secondary mortgage market.

"TRMS is delighted to join forces with Compass," stated Sern Clementson, President of Tuttle Risk Management Services, LLC. "This transaction will enable our TRMS customers to access a much broader array of products and services than we've ever been able to offer in the past."

Rob Kessel, Managing Partner of Compass, added, "We are very excited with the scale and best practices that the combination of Compass and TRMS represents and are eager to begin providing enhanced and industry-leading service and analytics to our joint customer base."

 

 


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