Media/Technology Executive to Focus on Continued Growth of the Leading Online Sports Collectibles Site

Los Angeles, CA – June 12, 2008: Following a record first quarter, NAXCOM has announced the recruitment of Wesley Hein as chief executive officer. Hein is a seasoned executive experienced with high growth online media and technology companies.

Hein succeeds Eric Beckerman, NAXCOM’s co-founder and current CEO, who will remain the president of the company and move to the newly created COO position. “Hein is the right leader for NAXCOM,” commented Beckerman. “His extensive background in media and technology will help us grow our leadership position in the online sports collectibles market.” Hein added, “NAXCOM is already the fastest growing online sports exchange in the world and I am pleased to be in a position to help shape that expansion.”

Hein brings almost 30 years experience operating media and technology companies. Hein was formerly co-founder of Enigma Digital, an online media company acquired by Clear Channel Communications in 2001. Hein also co-founded Cinebase Software a computer software company that was merged into a division of Kodak in the late 90s. Hein’s first company, Enigma Records, was one of the most successful independent record companies of the 1980s and was acquired by EMI Records in 1989. Hein has also served as executive vice president at the Walt Disney Company.

Hein has already made a major impact by structuring a deal to re-purchase a major ownership stake from Landmark Communications (owner of the Weather Channel and over 100 newspapers and TV media stations in the U.S.). Hein will now focus on the development and deployment of the company’s next generation platform for buying and selling of sports collectibles.

About NAXCOM Exchange, Inc.

The company operates two sports collector web sites. NAXCOM.com is an online sports market place with over 10 million listings that offers fixed price storefronts and as well as auction pricing similar to eBay but without the risks. ThePit.com, which the company acquired from Topps in 2006, operates in a manner similar to a stock market except that instead of shares of stock, investors can buy and sell top rookie cards in bulk quantities.