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FAME Names Dale Richards as New Chief Executive Officer

New York, NY, April 4, 2002 – FAME, the leading provider of enterprise solutions for the management and analysis of historical and reference data, announced today that Dale Richards has been promoted to chief executive officer, effective immediately.

Bringing over 20 years of experience in historical data management solutions to his new position, Mr. Richards succeeds Gerald Mintz, who has been with the company since 1999.

"We’re very pleased to announce Dale Richards’ promotion to CEO," said Stewart Gross, a Warburg Pincus senior managing director and a member of FAME’s Board of directors. "We believe that FAME is an organization with incredible opportunity and his experience will be invaluable as we focus on building FAME as the leading supplier of historical and reference data solutions to the capital markets industry. We also believe that FAME, clearly a complex, multi-divisional organization with incredible opportunity, will benefit from the significant initiatives that Gerry Mintz introduced and we thank Gerry for his years of service, his high degree of professional integrity and wish him the best in his future endeavors."

According to Mr. Richards, "During the past 10 years of direct involvement with FAME, I’ve experienced their extraordinary capabilities. This includes its software, data management and delivery, consulting services and customer-centric solutions approach, a successful business model, a highly talented group of people, a client list to die for, brand equity, a strong recurring revenue base and the support of a leading global private equity firm, Warburg Pincus. To move us forward, we will roll out a clear and focused growth strategy addressing current market conditions in today’s post 9/11 environment – and meet shareholder profitability objectives."

Mr. Richards has served as president of FAME’s financial markets division and recently led their corporate business development program. He joined the company in 1998 when FAME acquired Benton Associates, a Toronto-based, privately-held, international consulting and software development company he co-founded in 1991 to provide time-series data warehousing and information consulting services. Specializing in the design and development of FAME applications and databases for analysis, quantitative research and risk management, Benton was the largest FAME consulting organization and value-added developer serving the financial and public sector marketplace, with consultants in Toronto, Boston, New York and London.

Prior to Benton, he was director of business development and marketing for Algorithmics, Inc., joining Algorithmics from Reuters where he served as manager of global strategic accounts and national sales manager of historical data and consulting. Prior to Reuters, he was senior product manager for Interactive Data Corporation (IDC) and consulting manager for a small, private mathematical modeling specialty firm.