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Envision Financial Systems Launches Centinel Compliance Module for TA System

New Features In Award-Winning PowerAgentTM Designed To Help CCOs

October 8, 2004, Tustin CA — Envision Financial Systems today announced the new Centinel Compliance Module for its award-winning PowerAgentTM transfer agency system. Centinel, to be in full release by November, will be free of charge to PowerAgentTM clients and strive to help make the lives of CCOs easier.

Centinel will provide features to assist in the detection and prevention of market timing, late trading and issues regarding breakpoints. These include features such as:

-Large Trade Report. CCOs will be notified as to any unusual large movements of funds in particular accounts.

-Breakpoint Monitoring. Monitoring will provide notification to ensure correct breakpoints.

-Redemption Fee. In compliance with the SEC’s concerns on market timing, this Centinel feature will allow fund companies to set a redemption fee amounts for different time periods.

-Cutoff Time. Allows CCOs to set specific cutoff time for trades.

"Based on talking with our clients we determined that these Centinel features would address the most urgent needs. New CCOs will have a difficult task ahead of them, and we feel our mandate is to empower them with information to make the best possible decisions," says Satnam Gambhir, President of Envision.

"As regulations continue to change, it is important for fund companies to have a partner who is willing to work with their unique needs to ensure compliance," says Bruce Leto, a partner with the law firm Stradley Ronon who has a unit specializing in the mutual fund industry.

Mr. Gambhir hints at more powerful features to come down the road for the PowerAgentTM Centinel compliance module. "Our software is flexible and powerful enough that we can quickly integrate client recommendations for new features. We are looking into other possibilities in future releases that may include a real-time comprehensive view of company-wide transfer agency compliance activities."