COOLIDGE, ANTIGUA, DECEMBER 17, 2008 – Stanford 20/20 LLC announces
that, as is appropriate, a full review of the 2008 Stanford 20/20
cricket programme is being undertaken in light of the well publicised
contractual issues with the West Indies Cricket Board which arose
prior to the start of the Stanford Super Series.

The Stanford 20/20 Board was dissolved on Monday December 15th
pending the review and Sir Allen Stanford personally thanked each of
the legends of West Indies cricket for their involvement, guidance and
counsel over the past three years. The Board has been integral to
Stanford 20/20's commitment to the development of West Indies cricket
and the board members continue to play an important role in the review
process.

"Stanford 20/20 and the efforts of its board have reinvigorated
widespread interest in the game throughout the Caribbean and have
enhanced the image of West Indies cricket globally. The board has been
instrumental in developing a whole new fan base in the region," said
Sir Allen.

Contrary to some recent negative press speculation, in relation to
Stanford's broader involvement with cricket and specifically the
future of the Stanford 20/20 for 20, the Quadrangular Tournament at
Lords and the English Premier League, Sir Allen reaffirmed his desire
to continue to work with the England and Wales Cricket Board and
discussions are currently ongoing between Stanford 20/20 LLC and the
ECB.

Sir Allen confirmed that it was his intention to announce the
programme for 2009 and beyond by the end of January 2009.

Imran Khan
Communications and Media Manager
Stanford 20/20
Tel: 268.480.2024
Fax: 268.480.3552
Email: imran@Stanford2020.com
Website: www.Stanford2020.com