MINDENAO GOLD MINING (fka MDGM)

[Alex Chory]

NITE bigger and better..................

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JANUARY 24, 2006

Knight Capital Group to Acquire Hotspot FX Electronic Foreign Exchange Marketplace
All-Cash Acquisition Marks Knight's Expansion Into a New Asset Class

Foreign Exchange ECN Model to Further Diversify Knight's Revenues With a
Fee-Based Business Relatively Uncorrelated With Cash Equities


JERSEY CITY, N.J., and WATCHUNG, N.J., Jan. 24 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced that it has agreed to acquire Hotspot FX, Inc., a privately held firm that provides institutions and dealers with spot foreign exchange trade execution through an advanced, fully electronic platform.

"The addition of Hotspot advances Knight's ambition to become a virtual exchange for high-quality trade execution across multiple asset classes," said Thomas M. Joyce, Chairman and Chief Executive Officer of Knight Capital Group. "In an increasingly fragmented market, clients want a centralized source for deep liquidity in the widest variety of securities. We also believe demand for electronic foreign exchange trading will continue to rise dramatically, especially as more institutions embrace FX as a source of alpha, and not simply a currency hedge. Hotspot's ECN-based platform is the right model to benefit from this trend. In Hotspot, we are excited to have found a leader in the electronic FX market that shares our values and strengths in the cash equities market -- trade execution quality, natural liquidity, sophisticated technology, a history of innovation, and, most importantly, commitment to the client. Additionally, the fee-based model fits well with our growth and revenue diversification strategy."

Hotspot FX, based in Watchung, N.J., offers institutions and dealers access to electronic spot foreign exchange trading through Hotspot FXi. Hotspot FXi is an e-financial marketplace where buyers and sellers worldwide can trade directly and anonymously with each other, obtain price improvement for their trades and lower their overall trading costs. Hotspot's clients, which include asset managers, hedge funds, commodity trading advisors, corporate treasurers and regional banks, benefit from live streaming prices from participants and a network of top-tier prime brokers providing credit intermediation and post-trade support. Hotspot's platform has experienced remarkable monthly growth since its inception in 2000, now supports 24 currency pairs and executes 5,000 to 10,000 FX spot trades per day.

"Knight is a fantastic partner for Hotspot FX," said John H. Eley, President and Chief Executive Officer, Hotspot FX. "Both firms share a culture of client service and both are deeply committed to developing and driving market innovation through creative technologies and market structures. Knight has strong client relationships and deep technology resources that will help take the Hotspot FX marketplace to the next level."

Knight agreed to acquire Hotspot FX in an all-cash deal for approximately $77.5 million. The close of the transaction is subject to receipt of appropriate regulatory approvals and is expected to be completed within 90 days. Upon the close of the acquisition, Hotspot FX will operate as a separate subsidiary of Knight Capital Group. The acquisition is expected to be accretive in 2007 and is not expected to affect Knight's annual GAAP earnings forecast for 2006. The acquisition is expected to be cash flow positive immediately following the closing of the transaction.

The advisers to Knight on the transaction are Sandler O'Neill & Partners and Skadden, Arps, Slate, Meagher & Flom LLP. The advisers to Hotspot FX are Evercore Partners, Morgan Stanley and Lowenstein Sandler PC.


http://www.knight.com/MediaCenter/PressReleases.asp?releaseID=807487

http://www.hotspotfx.com/main.jsp