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Chesapeake Unveils Next-Generation Reconciliation Software With Release of T-Recs(R) Enterprise; Customer-Driven Enhancements in Power, Speed, Scalability, Functionality and Flexibility

OWINGS MILLS, Md.--(BUSINESS WIRE)--July 18, 2005--Chesapeake System Solutions, Inc.(R) today announced the first major release of its innovative development program focused on T-Recs(R), one of the industry's leading automated reconciliation software solutions.

Launched in 4th Quarter 2003, this multi-year effort marks a major evolution of T-Recs. The development program is intended to help deliver a broad array of customer benefits including platform independence, enhanced data access and dissemination and improved workflow with configurable dashboards, and new reporting capabilities.

Chesapeake has renamed the product T-Recs Enterprise to reflect the increased benefits and scalability of the new platform.

"Already being deployed globally by a major financial services company in 41 countries, T-Recs Enterprise is much more than just new packaging," said Peter C. Vogelberger, President of Chesapeake. "Using next-generation technology, we fundamentally retooled the way the program is designed and deployed, creating complete platform independence and unprecedented user and operational efficiencies."

Incorporating customer-driven enhancements and technological advancements, T-Recs Enterprise includes:

-- A highly intuitive user interface. It is completely
customizable, allowing users to get the information that is
most important to them quickly and easily

-- Unlimited scalability to accommodate any business

-- Real-time currency conversion

-- Full multi-language support

-- Powerful new data mining and business analytics

-- Highly advanced exception management and resolution

-- High-volume processing power

-- Platform independence - easily installed on Unix, Linux and
Windows systems

"Chesapeake has evolved its core technology for compliance with J2SE and J2EE standards. T-Recs Enterprise provides server provisioning of the client software and web services for seamless integration with customer applications. Reaching a significant milestone in the delivery of this advanced technology, Chesapeake sets the stage for more and more innovations in the future," said David B.Tanner, Chesapeake's Vice President of Technology.