American Stock Exchange Lists the Common Stock of Velocity Asset Management, Inc.

Share Name	Share Symbol	Market	Type
Velocity Asset Management,	AMEX:JVI	AMEX	Ordinary Share

Share Name

Share Symbol

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Type

Velocity Asset Management,

AMEX:JVI

AMEX

Ordinary Share

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American Stock Exchange Lists the Common Stock of Velocity Asset Management, Inc.

09/08/2007 4:09pm

PR Newswire (US)

Velocity Asset Management, (AMEX:JVI)
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NEW YORK, Aug. 9 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today listed the common stock of Velocity Asset Management, Inc. under the ticker symbol JVI. Velocity Asset Management is engaged in the acquiring, managing, collecting and servicing of distressed assets consisting of consumer receivable portfolios, interests in distressed real property and tax lien certificates. The preferred stock trades under the Amex symbol JVI.PR. "We are pleased to welcome Velocity Asset Management's common stock to the American Stock Exchange," said John McGonegal, Senior Vice President of Amex's Equities Group. "We have been trading their Series A Convertible Preferred Stock since May 2006 and we look forward to trading both issues for many more years in the future." "We are delighted that the Amex has approved Velocity's common shares for listing, alongside our convertible preferred shares, which are already Amex- listed," stated Velocity Asset Management's President and CEO, Jack Kleinert. "We expect that trading on the Amex will enhance our corporate visibility among the investment community and increase trading liquidity of the Company's common shares." The specialist for Velocity Asset Management, Inc. will be AGS Specialist Partners. For further information on JVI and other Amex-listed companies, please visit http://www.amex.com/. About American Stock Exchange The American Stock Exchange(R) (Amex(R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 336 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/ DATASOURCE: American Stock Exchange CONTACT: Catherine Chantharaj of American Stock Exchange, +1-212-306-1689, Web site: http://www.amex.com/

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JVI Velocity Asset Management,