CHICAGO, IL [March 3, 2009] -- United Financial Technologies ("UFT"), a designer and developer of financial instruments and solutions, engages EQ Generis Partners, LLC (www.EQGeneris.com) as one of its newest Preferred Vendors to provide much-needed credit support to the contracted Licensees of the Collateralized Variable Rate Demand Note ("CVRDN").  Specifically, EQ Generis Partners has agreed to provide supplemental collateral to enable the credit enhancement of the principal portion of Convertible CVRDNs for those Licensees that don't have sufficient equity available to both support their scheduled CVRDN issuance as well as their commercial operations.

“EQ Generis Partners took a good look at the CVRDN and identified a core need among some of our Licensees for a consistent source of speciality letters of credit that can be applied as additional collateral for the benefit of our RTAF Underwriters as well as offset first-losses associated with the pre-conversion, interim asset management of CVRDN Proceeds.   Their resourcefulness in designing a financial model that can play a role in virtually any of our Licensee's Note issuances demonstrates an exceptional understanding of the CVRDN as well as an insightfulness as to the tenor of the credit markets today,” observes Joanne Marlowe, Chief Executive Officer, United Financial Technologies. “We are excited by the options this affords for our Licensees.  Most of our clients are quite strong financially, but in a credit market that might demand more than customary levels of equity and assets as the basis to entice a senior lender to grant credit, the ability for our Licensees to conserve critical equity for post-conversion, project-based needs is absolutely invaluable.  This is what EQ Generis Partners has done.  This is no minor contribution toward the continuing health and success of our clients and Vendors." 

The CVRDN provides some key improvements within a class of short-term money market investment instruments known as the Variable Rate Demand Note (“VRDN”).  The CVRDN is built to be investment grade, satisfy 2(a)(7) investment guidelines, and incorporate a 7-day ‘put/call’ function that supports a high and consistent degree of liquidity for investors. The CVRDN financial solution appeals to credit-worthy companies with capital intensive business models that consistently utilize debt financing. It is an interest-only financial instrument which increases cash flow and allows debt capital to be pooled prior to allocation into the commercial operation of the CVRDN Issuer as borrower.

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United Financial Technologies, a designer and developer of financial instruments and solutions, is a privately held company headquartered in Chicago, Illinois.

EQ Generis Partners, LLC, is a privately held company headquartered in Chicago, Illinois that provides yield and credit enhancement products and programs to qualifying institutional clients.

FOR MORE INFORMATION, CONTACT:

mediarelations@unitedft.com

847-604-8055