CantorCO2e Brazil Merges With Leading Brazilian Environmental Services Firm Ecologica Assessoria Ltda.

New York, NY, April 22, 2008 – CantorCO2e, LLC, a leading global financial services provider to the world’s environmental and new-energy markets announced today that its wholly owned operating subsidiary in Brazil, CantorCO2e Brazil,  has merged with a newly formed entity which contains certain assets that comprise the Clean Development Mechanism (“CDM”) business of Ecologica Assessoria Ltda. (“Ecologica”). Ecologica is a leading CDM transaction and sustainability consulting firm in Brazil. The new combined company will operate under the name CantorCO2e Brazil. [br][br]Based in Sao Paulo, CantorCO2e Brazil’s activities will now be led by Divaldo Rezende and Stefano Merlin, Ecologica’s founders.  Msrrs. Rezende and Merlin currently head up a team of 21 professionals and will be responsible for spearheading the expansion of CantorCO2e’s CDM, voluntary carbon markets, project development and environmental consulting business within the region.  [br][br]Ecologica has extensive operating experience, offering clients consulting and transaction services in the areas of global climate change, carbon credit marketing, social corporate responsibility and project design for projects relating to emissions reductions, climate change, and environmental conservation.[br][br]“This merger marks another important milestone in CantorCO2e’s growth strategy and underscores our ongoing commitment to the world’s environmental and new-energy markets,” said Laurence Rose, CantorCO2e’s Chairman.  [br][br]Brazil is the third largest market in the world for CDM projects under the framework of the Kyoto protocol and the first for Latin America. This transaction enables CantorCO2e to swiftly accelerate its presence in this important market.[br][br]“We are thrilled to partner with the exceptional team at Ecologica and look forward to further building a highly successful business and expanding our client base in Brazil, while leveraging our new capabilities throughout our global operation”, Mr. Rose added.[br][br]”This is an exciting development for our clients in Brazil and worldwide,” said co-CEO Steve Drummond, who is responsible for CantorCO2e’s international business.  “This is a consolidation of a working relationship with Ecologica that dates back to 2002.  In addition to strengthening our CDM services, key elements of this transaction are the links with the Ecologica Institute and the expertise of the Brazilian team, all of which will bring new opportunities for CantorCO2e and our clients, globally.”[br][br]“This success story will also have a direct impact on our US clients” said co-CEO Josh Margolis who is responsible for CantorCO2e’s US business.  “In addition to expanding our reach into Brazil, the Ecologica merger provides CantorCO2e’s US clients with access to a diverse portfolio of very high quality carbon reduction projects.  These projects, developed on behalf of Ecologica’s clients over the last decade, will be of immediate benefit to our US clients that seek to lighten their carbon footprint through the acquisition of high quality Verified Emissions Reductions (“VERs”)”. [br][br]“This is a fantastic moment to leverage the expertise developed by Ecologica in Brazil in an international strategy with CantorCO2e by developing and offering new wwwucts to our clients in Brazil and worldwide, reinforcing the importance of addressing climate change and adding value to sustainable development“, said the CEO of Ecologica,  Divaldo Rezende.[br][br]“This merger will also offer our Brazilian clients more opportunities to sell their environmental commodities to international buyers. In addition, CantorCO2e will be the first carbon company to have a sustainability department, working very closely with the technical side of emission reduction projects.” Mr. Rezende added.[br][br]About CantorCO2e [br][br]CantorCO2e is a leading global provider of financial services to the world’s environmental and new-energy markets, offering transaction and consulting services to clients engaged in using energy and managing emissions across the world.[br][br]CantorCO2e serves environmental credit buyers and sellers in all of the world’s principal emissions markets, including the Kyoto markets (CDM, JI and European emissions trading), the US compliance markets, and the voluntary carbon market.  We help entities transact via electronic trading screens, recorded telephone lines, auctions and negotiated contracts. We advise equity investment funds on carbon finance, introduce investors to projects, and structure forward sales to enable project developers to fund their investments. CantorCO2e is headquartered in London and San Francisco and has over 60 emissions trading professionals located in fourteen offices across five continents.  This global yet local presence, together with the unique experience of our staff, enables CantorCO2e to provide an unparalleled level of service to our clients. [br][br]For more information please visit www.cantorco2e.com.  [br][br]About Cantor Fitzgerald, L.P.[br][br]Cantor Fitzgerald is a leading global financial services firm.  In addition to CantorCO2e, the Cantor Fitzgerald franchise includes institutional debt and equity sales and trading, investment banking, private equity, and asset management, as well as other businesses and ventures.  For over 60 years, Cantor Fitzgerald, a proven and resilient leader, has been committed to delivering a unique brand of unparalleled wwwuct expertise, innovative technology and customer service to its clients around the world. [br][br]For more information, please visit aws-dev1.cantor.com. [br][br][br][br][br]# # #[br][br][br]Media Contacts: [br][br]Melanie Gordon-Felsman – New York[br]mgordon@cantor.com[br]+1 212 610 2314[br][br]Timo Kindred – London[br]tkindred@cantorco2e.com[br]+44 (0) 20 7894 7292      [br][br]Roberta Rocha – Brazil[br]Roberta@cantorco2e.com[br]+5521 88998353 [br]