News & Events

04/13/2010 – 04/15/2010 Gulf Coast Power Association Spring Conference
02/22/2010 - PrivateMarkets™ Expands Sales Leadership
02/01/2009 - PrivateMarkets™ Introduces Ancillary Services Trading
12/01/2008 - PrivateMarkets™ Commences Operations in ERCOT Power Market
10/09/2008 - PrivateMarkets™ Exhibits at LEAP Conference
04/07/2008 - PrivateMarkets™ Demonstrates Bilateral Trading Solution at Gulf Coast Power Association Spring Conference
02/28/2008 - PrivateMarkets™ Completes $3.75M Private Equity Financing
02/20/2008 - PrivateMarkets™ Launches Revolutionary Bilateral Electronic Structured Transaction Service for Electricity and Natural Gas
02/18/2008 - Energy Trading International, Inc. Changes Name to PrivateMarkets, Inc.

PrivateMarkets™ Completes $3.75M Private Equity Financing

Investment Will Support Establishment of Operations for its Gas and Electricity Bilateral Structured Transaction Service

February 28, 2008, Boxborough, MA PrivateMarkets, Inc., the leading provider of electronic trading services for bilateral structured transactions, today announced that it had successfully raised $3.75 million in a Series A financing.

The capital raised from this first round of external financing will help PrivateMarkets to continue development of its core patent-pending product technology while it introduces the product to the market. This round was led by Amphion Innovations plc (LSE: AMP), a developer of high growth companies in the technology and medical sectors.  Amphion is also a founder of PrivateMarkets, Inc.

Richard C.E. Morgan, Chairman of PrivateMarkets, said “Electronic trading has created tremendous value for the companies that enable that trading, as well as in the markets, themselves. PrivateMarkets has focused on a portion of the multi-trillion dollar global market for the trading of commodities where existing electronic trading platforms are simply not an effective option.”

The company has recently completed a customer pilot of the service in the Texas power market and it announced the production launch of its service last week. The company plans to focus initially on the Texas power market and then expand to include both power and natural gas for Texas and other regions across the U.S. prior to expansion internationally. The company is also developing products for other commodities that would benefit from the company’s unique, patent-pending process.

“We are very excited about the marketplace’s reaction to our product thus far”, said Chris Sanders, Chief Executive Officer of PrivateMarkets. “This round of financing will enable us to launch the service and to put in place the sales and marketing infrastructure we need to leverage the very significant market opportunity for our product.”

About PrivateMarktets, Inc.
PrivateMarkets, Inc. is the leading provider of bilateral electronic structured transaction solutions for energy commodities. PrivateMarkets™ brings the power of an electronic trading platform to those segments of the market that otherwise find no acceptable alternative to voice trading via phone, email, FAX, or IM. Its unique, patent-pending Virtual Private Market™ allows traders to electronically create a private marketplace of known counterparties and structure each trade to match their specific needs. Unlike exchanges, PrivateMarkets does not impose business conditions on existing counterparty bilateral contractual relationships. PrivateMarkets is a private company backed by Amphion Innovations plc, a publicly-held company (LSE; AMP.L) that creates, operates and finances life science and technology companies in partnership with corporations, governments, universities and entrepreneurs.  The Company was founded in 2007 as Energy Trading International, and changed is name to PrivateMarkets in early 2008 to better reflect the nature of its product and markets.

For more information, visit :

About Amphion Innovations plc
Amphion (LSE: AMP) builds shareholder value in high growth companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK.

Amphion has significant shareholding in 10 Partner Companies developing proven technologies targeting substantial commercial marketplaces, each in excess of $1 billion. Each Partner Company is chosen with the goal of achieving an exit valuation in excess of $100 million.

On the web:

PrivateMarketsand Virtual Private Market are trademarks of PrivateMarkets, Inc.

For Further Information please contact:

Chris Sanders
PrivateMarkets, Inc.
President and CEO
(860) 307 -1122