One Exchange Street Appoints Ken Freda Chief Operating Officer

COLUMBUS, Ohio, July 25, 2012 /PRNewswire/ -- One Exchange Street, Inc. (www.oneexchangestreet.com), the platform for online trading in bankruptcy claims, today announced that Ken Freda has been selected as the company's Chief Operating Officer.

Freda will be responsible for all business processes related to One Exchange Street's proprietary trading platform, cultivating and managing the company's relationships with select claims and noticing agents, as well as marketing the company to bankruptcy practitioners, including, law firms and bankruptcy court personnel.  Freda will be based in New York City and report directly to Todd Zoha, Co-Founder and CEO of One Exchange Street.

Freda brings over 30 years of bankruptcy experience to the One Exchange Street management team.  He was previously a Managing Director with Executive Sounding Board Associates.  Prior to joining Executive Sounding Board, Freda spent nine years as Director of Bankruptcy Operations and Business Development at The Garden City Group, a leading claims and noticing agent.  Prior to Garden City Group, Freda spent over 12 years working for the U.S. Bankruptcy Court for the Southern District of New York (Manhattan and White Plains Divisions), and 10 years working for the Office of the United States Trustee for the Southern District of New York in its Manhattan office.

"Given Ken's unique background, his expert knowledge of the U.S. Bankruptcy Code coupled with his extensive operational experience and professional network, we quickly recognized that Ken was the right person to join the One Exchange Street team as Chief Operating Officer," says Zoha.

"I am thrilled to join the One Exchange Street team," said Freda.  "I look forward to building One Exchange Street's trading platform into the premier platform for online trading in bankruptcy claims," said Freda.

In response to member feedback, One Exchange Street has significantly enhanced the functionality of its trading platform.  Buyers can now select the debtors they are interested in following and receive an email notification if, and when, a claim is listed for sale by those debtors.  Similarly, sellers can now decide to receive an email notification if, and when, a bid is entered for their claim in excess of a specified dollar amount.  The enhanced functionality will provide members with the option to monitor investment opportunities in real-time on One Exchange Street's trading platform without the need to be logged in to the trading platform.

About One Exchange Street, Inc.

One Exchange Street is a proprietary online trading platform for bankruptcy claims.  The company, headquartered in Columbus, Ohio, was co-founded by Todd Zoha and Sean O'Riordan, both former AlixPartners restructuring professionals.  The platform creates a liquid and transparent online marketplace that provides price discovery and real-time trade execution via standardized claim transfer agreements to buyers and sellers of bankruptcy claims.  For more information, please visit www.oneexchangestreet.com.

SOURCE One Exchange Street, Inc.