JERSEY CITY, N.J., November 14, 2007 — iNautix (USA) LLC, an affiliate of Pershing LLC and a unit of The Bank of New York Mellon Corporation, has launched a comprehensive suite of business consulting services designed to help Pershing's customers optimize the performance of their businesses.

Through iNautix USA's business consulting services, iNautix's highly-experienced business consulting specialists work closely with Pershing's LLC's introducing broker-dealer customers and Pershing Advisor Solutions LLC's independent registered investment advisor customers to provide them with a broad array of tailored strategies and solutions. Key features include:

  -- Sophisticated, in-depth business process reviews that provide
     insightful recommendations to enhance efficiencies of existing
     processes, controls, policies and workflows;

  -- Experienced project managers who oversee the development of new
     initiatives from concept to completion, determine feasibility, assess
     risk, provide timelines and milestones and provide structure needed to
     ensure successful implementation;

  -- Thorough reengineering assistance that offers strategies to improve
     processes, achieve consistency, reduce costs and measure performance;
     and

  -- Detailed financial analysis that offers greater transparency around the
     unit costs of products and services, and expense analysis at the
     regional, office, investment professional and investor level.

Suresh Kumar, chief executive officer of iNautix USA, said, "The knowledge our business consulting specialists have acquired from analyzing many top performing broker-dealer and RIA firms has provided us with an intimate understanding of the business, operational and organizational challenges facing these types of firms. Our comprehensive suite of business consulting services is designed to provide broker-dealer and RIA firms with the strategies and solutions they need to successfully grow their businesses."

iNautix (USA) LLC is an affiliate of Pershing LLC and a leading provider of enterprise-wide business and technology solutions to institutional and retail financial organizations and independent registered investment advisors. Pershing LLC (member FINRA/NYSE/SIPC), a subsidiary of The Bank of New York Mellon Corporation, is committed to service excellence and to providing dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions and practice management support. iNautix USA draws upon a wide range of expertise and cutting-edge capabilities to help financial organizations optimize their operating performance. Services include business consulting, enterprise portfolio management, document imaging, data warehousing, business intelligence and custom development. Additional information is available at http://www.inautix.com/.

Pershing Advisor Solutions LLC (member FINRA/SIPC) is an affiliate of Pershing LLC and a leading provider of financial business solutions to independent, fee-based registered investment advisors and dually-registered advisors working in conjunction with many of Pershing LLC's introducing broker-dealer customers. Additional information is available at http://www.pershingadvisorsolutions.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.