ANTIGUA-July 1, 2011– Liquidators of Stanford International Bank announced today that its newly formed Advisory Creditors’ Committee has had its first meeting in keeping with the Joint Liquidators commitment to creditor  involvement with the liquidation process.

“It was a very productive meeting” said Marcus Wide one of the Joint Liquidators, “we covered a lot of ground in trying to bring the Committee up to date with the issues that face the estate, many of them urgent.”

The Committee is presently made up of six creditors who responded to a solicitation for volunteers.  “We did our best to cover the ground with our solicitation, bearing in mind that significant decisions are required almost daily and we wanted input as soon as it could be arranged.  Fortunately we had responses which enabled us to form the Committee from a broad geographic base representing the constituencies that put money into the bank” said Wide, “We have representation from Columbia, Venezuela, Canada, Switzerland, and of course the USA who are all victims themselves.  We were asked by a group of Mexican creditors if we would accept their representative as a member of the Committee which we did.  We are still looking for a suitable representative from the Caribbean, and have a number of prospects who have come forward” he went on.

 Committee members have been asked to sign agreements with respect to maintaining confidential issues discussed in meetings and agreeing that they cannot get any financial benefit from their position on the Committee so as to maintain their independence when providing advice to the Joint Liquidators.