Released on: July 19, 2008, 12:45 am

Press Release Author: Richard Drake

Industry: Financial

Press Release Summary: Asian-based Cornerstone Worldwide remains confident profits
can still be made shorting US financial stocks.

Press Release Body: Cornerstone Worldwide, the Asia-focused wealth management firm,
believes that another wave of CDO write-downs means that investors can still realise
impressive profits from shorting stocks of US banks exposed to subprime. Sources
familiar with Cornerstone Worldwide strategic decisions raised the spectre of
potential instability in the $62 trillion credit default swap (CDS) market as yet
another factor pointing to continued investment bank weakness. Reports reveal that,
unlike others, Cornerstone Worldwide has not covered short positions in these stocks
as they believe that more downside potential exists.

Web Site: http://

Contact Details: 25 Canada Square, Canary Wharf
London
England
E145LB
+44 (0) 207 038 8043