JERSEY CITY, N.J., June 4, 2008 — iNautix (USA) LLC, an affiliate of Pershing LLC and a unit of The Bank of New York Mellon Corporation, announced today that it has introduced a next generation document management solution for introducing broker-dealers, investment professionals and independent registered investment advisors (RIAs) that is designed to help improve operational efficiency and simplify their transition to a paperless office.

iNautix Document Management eliminates the burden of manual paper-based filing and storage and enables broker-dealers, investment professionals and RIAs to electronically capture, store, route and retrieve critical business information quickly and efficiently from virtually any location, including their office, home or while out of the office meeting with clients. This solution is fully hosted by iNautix, further relieving broker-dealers, investment professionals and RIAs of having to manage, maintain and upgrade their own document management systems. Introducing broker-dealer firms and their investment professionals can access this new solution through Pershing's NetExchange Pro® online brokerage platform. RIAs will be able to access iNautix Document Management beginning in the third quarter of 2008 through Pershing's affiliate, Pershing Advisor Solutions LLC, via its NetExchange Advisor™ online account management solution.

Suresh Kumar, chief executive officer of iNautix USA, said, "Paper-based filing systems are quickly becoming obsolete and broker-dealers, investment professionals and RIAs are looking for business and technology solutions that can help them minimize paper and deliver better service to their clients. Our fully automated and hosted document management solution is one of the most advanced next generation document storage vehicles available today and will provide broker-dealers, investment professionals and RIAs with an array of capabilities to help them increase productivity and enhance their client service and operating performance."

iNautix (USA) LLC is an affiliate of Pershing LLC (member FINRA, NYSE, SIPC) and a leading provider of enterprise solutions, custom technology development and business consulting to institutional and retail financial organizations and independent registered investment advisors. iNautix draws upon its financial services experience and technology expertise to help financial organizations enhance their operating performance and maximize the productivity of their investment professionals. Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation, and is committed to delivering dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, practice management support and service excellence. 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 $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. Additional information is available at bnymellon.com.