Xtract Research Announces Record Results and Expansion to Europe
- Xtract Research announces record results for the Fiscal Year ended December 31, 2009. In addition, Xtract is pleased to announce a full suite of European covenant products to be launched in the first quarter of 2010.


RIDGEFIELD, CT, January 08, 2010 /24-7PressRelease/ -- Xtract Research ("Xtract") announces record results for the Fiscal Year ended December 31, 2009. Revenues for the year increased by over 50% and billings increased by over 70% compared to Fiscal 2008. In addition, Xtract is pleased to announce a full suite of European covenant products to be launched in the first quarter of 2010 covering convertible securities, high yield bonds and syndicated bank loans.

The strong growth is a result of the market's renewed appreciation for the importance of covenant research by institutional investors and recognition of the value proposition of Xtract's products. Increase in revenues was primarily due to a significant rise in subscriptions to the company's High Yield Covenant Xtract and LSTA/Xtract Bank Debt Review covenant products. Xtract's growth is also being driven by clients' increasing willingness to use Xtract's internet based platform for document management and the creation of virtual proprietary databases. "As the concepts of cloud computing and software as a service continue to grow, Xtract is well positioned within the fixed income institutional investor market to benefit from such trends" said Michael Knox, President.

Xtract's expansion into the European market will leverage its existing US platform and is being driven by the same market needs that are responsible for its strong US growth. "Our experience working closely with institutions in the private loan market in the US uniquely positions us to offer similar services to the largely private loan market in Europe" said Manish Aggarwal, Managing Partner.

During the fourth quarter of 2009, Xtract announced a distribution agreement with Hudson Ridge Trading & Research for its LSTA/Xtract Bank Debt Review service. Xtract expects to begin seeing revenue from this arrangement during the first quarter of 2010. Xtract also announced the rollout of Legal Xtract, a product aimed at law firms and investment banks that allows extraction of key portions of documents governing fixed income securities and loans.

About Xtract Research
Xtract Research (www.xtractresearch.com) is an independent, fixed income research firm specializing in covenant research and document management for convertible securities, high yield bonds, and credit agreements. Its clients consist of many of the world's preeminent hedge funds, private equity firms, investment banking firms and law firms. Xtract's services provide analysts, traders, portfolio managers, investment bankers and attorneys the tools necessary to quickly and efficiently navigate and analyze key documents critical to the investment process as well as complete summaries of covenant packages for high yield bonds and bank loans.

Contact: Kim Clyne at 203-599-1000 or kclyne@xtractresearch.com
Website: www.xtractresearch.com

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Press Release Contact Information:

Kim Clyne
Xtract Research
Director of Marketing
23 Catoonah Street
Ridgefield, CT
USA 06877
Voice: 203-599-1000
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