Leading Government Official, Robert Cresanti, Joins Ocean Tomo

CHICAGO--(EON:Enhanced Online News)--Ocean Tomo, LLC today announced that Robert Cresanti, former Under Secretary of Commerce for Technology and Chief Privacy Officer for the Department of Commerce, has joined the firm.

“We are absolutely delighted that Robert has chosen to join us”

At Ocean Tomo, Cresanti will be the Managing Director responsible for the firm's market indexes (AMEX: OTPAT) (Amex: OTPATG)(Amex: OTPATV). He will also play a key role in the development of Ocean Tomo's affiliate, Intellectual Property Exchange Chicago (IPX Chicago), as its Chief Executive.

"We are absolutely delighted that Robert has chosen to join us," said James Malackowski, President and CEO of Ocean Tomo. "Since Robert’s top priority, as Under Secretary, was to promote U.S. competitiveness in the global economy, his decision to align his future with a merchant banking firm focused on IP assets reflects the significance of IP in the development and preservation of the nation’s economy."

Cresanti has substantial experience with intellectual property. As Under Secretary of Commerce for Technology and Chief of the Technology Administration (TA), Cresanti worked closely with the Under Secretary for Intellectual Property and Director of the USPTO. Cresanti's experience included advising the Secretary of Commerce on the impact of changes to patent policy regarding issues of competitiveness and innovation. Cresanti was also the highest deciding official in the U.S. Government on patent disputes between agencies and inventors that were employed by the government.

During his tenure as the Under Secretary of Commerce for Technology, Cresanti led almost 3,000 Technology Administration (TA) professionals in maximizing competitiveness and innovation in the U.S. Government and technology industry. As Under Secretary, he co-chaired the Committee on Technology and the Interagency Working Group on Manufacturing R&D within the President's National Science and Technology Council (NSTC).

Before his confirmation, Cresanti held senior executive and legal positions within the two premier technology trade associations in Washington D.C. Earlier in his career, he served as Staff Director for the Senate Special Committee on the Year 2000 Technology Problem. His experience in writing banking and securities legislation for the House and Senate Banking Committees enabled him to rise to the position of Staff Director for the Subcommittee on Financial Services and Technology for the Senate Banking Committee. Cresanti received his B.A. degree from Austin College and his J.D. degree from Baylor University.

About Ocean Tomo, LLC

Established in 2003, Ocean Tomo, LLC (www.OceanTomo.com) is the leading Intellectual Capital Merchant Banc® firm that specializes in understanding and leveraging Intellectual Property (“IP”) assets. The company provides advice in IP-related mergers and acquisitions, investments, valuations, expert services, analytics and IP auctions. Headquartered in Chicago, Ocean Tomo has offices in San Francisco, Palm Beach, Orange County and Washington, DC. Subsidiaries of Ocean Tomo include: Ocean Tomo Auctions, LLC; Ocean Tomo Asset Management, LLC; and Ocean Tomo Capital, LLC -- publisher of the Ocean Tomo 300^® Patent Index (Amex: OTPAT), the Ocean Tomo 300^® Patent Growth Index (Amex: OTPATG) and the Ocean Tomo 300^® Patent Value Index (Amex: OTPATV).

About IPX Chicago

Created by Ocean Tomo in cooperation with the Chicagoland Chamber of Commerce, the City of Chicago, and the State of Illinois, the Intellectual Property Exchange Chicago, LLC (“IPX Chicago”) is planned as the world’s first financial exchange with an intellectual property focus. IPX Chicago is targeted to begin trading the first quarter of 2010 and will enable investor and company participation in a broad spectrum of IP-related financial products such as qualified equity listing/co-listing; IP related indexes, futures and options; IP-backed debt instruments; patent rich company IPOs; and, new IP-based exchange-traded products. More information is available at www.ipxchicago.com.

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