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OPBL news after the close!!!

Optionable Inc Enters Into New Agreement With Opex International Inc
Monday February 5, 4:21 pm ET

VALHALLA, N.Y., Feb. 5 /PRNewswire-FirstCall/ -- Optionable, Inc. (OTC Bulletin Board: OPBL - News), a leading provider of natural gas and other energy derivatives brokerage services, announced it has entered into an agreement with Opex International Inc effective January 31, 2007, to provide a floor broker on the floor of the New York Mercantile Exchange (NYMEX(TM)) to trade certain derivatives. As a result of this agreement, the Company also announced that it has terminated its agreement with Capital Energy Services (CES) effective January 31, 2007, whereby CES had provided that service previously.

President Edward O'Connor said, "We believe that this agreement with Opex International will further enhance the transparency of the Company, and it will help facilitate a higher level of control of our operations in the natural gas and crude oil brokerage business we support on the floor of the NYMEX."

The Company did not incur any early termination penalties in connection with the CES termination. The Company expects to file a Form 8-K shortly.