HedgeStreet Offers Online 'Hedgelets' Product

December 8, 2004 (PLANSPONSOR.com) - HedgeStreet Inc. has announced the launch of "Hedgelets", a tool that lets retail and institutional investors hedge or speculate on year-end 2004 and daily levels of key economic variables.

The exchange’s Hedgelets that expire at the end of the year are gasoline, gold, Euro-dollar and Dollar-Yen (For more, please see  www.hedgestreet.com/yearend ). Ones that are available daily are for gold, Euro-Dollar, Pound Sterling-Dollar and Dollar-Yen (For more, please see  www.hedgestreet.com/spot ).

HedgeStreet, which opened in October, is available to individuals after a $500 initial deposit. The Hedgelets come in contract sizes of $10.

HedgeStreet ( www.hedgestreet.com ) is a financial market regulated by the Commodity Futures Trading Commission. Based in San Mateo, California, the company is privately held.