Swap-A-Debt Names Mr. Marco Garibaldi as CEO

MIAMI, FL, Sept. 3 /PRNewswire-FirstCall/ - Swap-A-Debt, Inc. (OTC: SWPD) is pleased to announce the appointment of Marco Garibaldi as the Company's Chief Executive Officer. Mr. Garibaldi started his career as a Technology Professional and possesses extensive operations and project management experience in a host of industries including Application Development, Internet, Entertainment and Business Advisory.

Early in his career, Mr. Garibaldi worked as an applied applications analyst developing systems for Burroughs and Sperry, IBM, and held a management role overseeing a team of 18 developers at Host International.

Mr. Garibaldi founded and served as president and CEO of InterComm, Inc. InterComm is a think-tank that developed some of the Internet's fundamental services, which include the online shopping cart, bookstore online and the auction server.

Mr. Garibaldi was involved in the formation and development of several entertainment companies including record label Soldier Records, a CD distribution and artist management company. He has also produced, directed and acquired rights to several films.

Mr. Garibaldi also served as advisor to Priscilla Presley and Graceland for 20 years, and was instrumental in structuring the sale of Graceland to CKX, Inc. He also advised Mr. Lee Iacocca on his electric bicycle venture and on the acquisition of the MIL Helicopter Manufacturing rights in the USA.

Mr. Garibaldi brings a wealth of experience to Swap-A-Debt, Inc. and the Board is delighted to have someone of his caliber join the Team.

Swap-A-Debt's Chairman, Edward C. DeFeudis said "I am very excited to have the experience and talent that Marco Garibaldi brings to the management team of Swap-A-Debt, Inc. Marco's prowess in the development, sale and deployment of computer and Internet related ventures coupled with his wealth of contacts adds to our depth of expertise as Swap-A-Debt moves forward in the commercialization of its major projects."

Swap-A-Debt is a Peer-to-Peer (P2P) lending community founded early in 2008, with its website scheduled to launch this month. The company's mission is to create the most efficient non-institutional, Internet-based lending community of individual borrowers and lenders that come together to make personal loans in which both parties benefit. The company's target market is personal loans ranging from $1,000-$25,000.

Safe Harbor Statement:

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