CHICAGO, Aug. 10 /PRNewswire/ -- The Archipelago Exchange(SM) (ArcaEx(R)), the nation's first totally open, all-electronic stock exchange, today announced that Emrise Corporation, a leading international manufacturer of defense and aerospace electronic components, subsystems and telecommunications equipment, has listed exclusively on ArcaEx, a facility of the Pacific Exchange, under the three character ticker symbol: ERI.

"Emrise is yet another company to graduate to ArcaEx from the OTC Bulletin Board, recognizing the value of being listed on an all-electronic stock exchange," commented Jerry Putnam, CEO of the Archipelago Exchange. "ArcaEx's model is dedicated to offering companies listed on the exchange and their investors highly efficient, fair and transparent trading which is important for growing companies like Emrise."

"Listing on a national stock exchange focused on offering the highest level of efficiency is an important move for Emrise and for the company's investors," commented Carmine T. Oliva, Chairman, President and Chief Executive Officer. "Being listed on ArcaEx will help increase investment community awareness of Emrise as we continue building new products, acquiring other companies, and growing our company's revenue and net income."

In addition to providing the advantages of electronic trading, ArcaEx enables NYSE- , Amex- and Nasdaq-listed companies and their investors to reap the benefits of ArcaEx's investor focused market structure. ArcaEx operates as an all-electronic auction market, with an open limit order book matching buyers and sellers directly based on simple price and time priority, leveling the playing field for all market participants.

Currently over 230 companies are listed on ArcaEx, a facility of the Pacific Exchange. In addition to its own listings, the exchange trades all NYSE, Nasdaq, and Amex listed stocks.

About ArcaEx

Archipelago Holdings (PCX: AX) operates The Archipelago Exchange SM (ArcaEx(R)) the first totally open all-electronic stock exchange in the United States. ArcaEx trades all Nasdaq-listed equity securities and exchange listed equity securities, including those listed on the New York Stock Exchange(R), American Stock Exchange(R), and Pacific Exchange(R). In addition to offering core execution services, ArcaEx provides corporate clients with listing services and innovative data products. In 2004, Archipelago launched ArcaVision to provide corporate and trading clients with more transparent market data, analytical tools and access to market-wide and ArcaEx specific trading information. Archipelago Holdings completed its initial public offering in August 2004. For more information please visit http://www.arcaex.com.

About EMRISE

EMRISE CORPORATION is a multi-national manufacturer of defense and aerospace electronic components and subsystems and communications equipment. EMRISE's electronic components group, which includes EMRISE Electronics Corporation and its international subsidiaries, provides custom power conversion and RF component and subsystem products, digital and rotary switches and subsystem assemblies to the North American , European and Asian electronic components market and are primarily used for defense, aerospace and industrial applications. EMRISE's communications group, consisting of CXR Larus Corporation and CXR-AJ, provides network access and timing and synchronization and transmission products and communications test equipment to the North American, European and Asian communications industry. Founded in 1983, EMRISE operates out of facilities in the United States, England, France and Japan. As of June 30, 2005, EMRISE had a total of 311 employees in its various subsidiaries and divisions. www.emrise.com.

Forward-Looking Statement

Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Archipelago's current expectations and involve risks and uncertainties that could cause Archipelago's actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Factors that could cause Archipelago's results to differ materially from current expectations include: general economic and business conditions, industry trends, competitive conditions, regulatory developments as well as other risks or factors identified in the Company's filings with the Securities Exchange Commission, including its Report on Form 10-K for the fiscal year ending December 31, 2004 which is available on the Company's website at http://www.archipelago.com. You should not place undue reliance on forward- looking statements, which speak only as of the date of this press release. Except for any obligation to disclose material information under the Federal securities laws, Archipelago undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this press release.

Contact:

Archipelago
Margaret Nagle
312-442-7083

SOURCE The Archipelago Exchange