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American Stock Exchange Lists Common Stock of The Washtenaw Group, Inc. NEW YORK, Dec. 22 /PRNewswire-FirstCall/ -- The American Stock Exchange(R) (Amex(R)) today listed the common stock of The Washtenaw Group, Inc., a spin-off of Pelican Financial, Inc. , on a when issued basis under the ticker symbol TWH.WI. The Washtenaw Group, Inc. originates, acquires, sells and services mortgage loans. The Company operates its national wholesale lending as well as its retail mortgage origination business from offices located in Michigan and California. "We are pleased to welcome The Washtenaw Group to the American Stock Exchange," said John McGonegal, vice president of the Amex Equities Group. "We look forward to working with Washtenaw and providing them with the value-added resources a growing company needs to succeed in today's market." The specialist in The Washtenaw Group, Inc. will be AGS Specialist Partners. For further information on TWH.WI and other Amex-listed companies, please visit http://www.amex.com/. The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 126 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/. DATASOURCE: The American Stock Exchange CONTACT: Lynn Teresky of American Stock Exchange, +1-212-306-1654, Web site: http://www.amex.com/

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