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Tennenbaum Encourages Shareholders to Vote the Blue Proxy for Tennenbaum Director Nominees at Online Resources' Annual Meeting as Recommended by Riskmetrics/ISS and Proxy Governance
Date:4/24/2009

ript without a critical eye and misrepresents our views and that of our nominees.

Taking a page out of its public relations playbook, the Company stated in their April 13, 2009 press release that it is "disappointing to see [RiskMetrics] be so inconsistent and incomplete in their analysis." All we can say is that RiskMetrics performed extensive analysis and diligence on this process, our candidates, the so-called "conflict", and the Company's performance. They did their work and came to a conclusion. Glass Lewis says that our "plan does not address any operating plans for the business in the event a strategic agreement is not completed." To the folks at Glass Lewis - If you asked us, we are not looking for a sale, and if you spoke to our nominees, you would appreciate their insight and hear about their strategies for improvement. We believe that it should be part of your duty to your customers to at least spend 30 minutes with us or the Company to understand the specifics about the processes on which you opine. If your customers and subscribers are willing to spend hours with us and the Company to make their determination, we think it is advisable that Glass Lewis do at least the same, so that you can be given credit for having performed a "complete and thorough analysis of the issues involved," as the Company boastfully purports.

We encourage you to vote our BLUE proxy card consistent with the recommendations of RiskMetrics and Proxy Governance. Our independent and highly qualified nominees will work constructively and cooperatively with the existing Board and management in order to deliver the highest standards of corporate governance and maximize value for ALL shareholders.

Sincerely,

Michael Leitner

Managing Partner

Tennenbaum Capital Partners

As of March 9, 2009, the record date for the Annual Meeting, Tennenbau
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SOURCE Tennenbaum Capital Partners
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