Optionable Moves Into New Headquarters

Optionable Moves Into New Headquarters

VALHALLA, N.Y., Jan. 29 PRNewswire-FirstCall -- Optionable, Inc. (OTC Bulletin Board: OPBL), a leading provider of natural gas and other energy derivatives brokerage services, announced that it has moved into its new headquarters, ahead of schedule. It expected to make the move in early February. The Company's new address is 465 Columbus Avenue, Suite 280, Valhalla, NY 10595.

Optionable President Ed O'Connor said, "Due to the rapidly increasing exposure of and subscription to our energy derivatives brokerage services, we needed to seek larger facilities in order to house our growing staff and operations. And we were very happy to find this space in Westchester County. Our move, including the technological aspects of our trading platform, was completed fully over the weekend and we expect the transition of our service to be a seamless one."

For its new 5,000 square foot space, which is nearly double its old space, the Company was able to minimize the increase in liabilities by negotiating a price per square foot comparable to its old lease.

The Company will continue to be reachable at its current telephone number, 914 773 1100, facsimile number, 914 773 1500, and e-mail, contactus@optionable.com; the Company's website URL also remains www.optionable.com.

About Optionable, Inc.
Optionable, Inc. is a leading provider of natural gas and other energy derivatives trading and brokerage services, headquartered in Valhalla, NY. The Company provides its services to brokerage firms, financial institutions, energy traders and hedge funds nationwide. In addition to the traditional voice brokerage business, Optionable developed an automated derivatives trading platform. OPEX(R) is a real-time electronic trade matching and brokerage system designed to improve liquidity and transparency in the energy derivatives market. For more information about Optionable and OPEX please visit www.optionable.com.