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Steven Price Joins Xcitek® as Application Support and Implementation Manager for XSP™ in Europe

London, UK, 2 May 2006 – Xcitek®, the leading global provider of Corporate Actions software, market data and consulting services, announced today that Steven Price has joined the London office as Application Support and Implementation Manager for its flagship software solution, XSP™.

Based in London, Price will report directly to Neil Sheppard, Chief Operating Officer of XSP Europe.

Price brings with him over 18 years of experience in the financial markets. Most recently, he was IT Manager at Magenta One Limited, where he was responsible for the IT infrastructure at its London and Jersey offices. Price played a significant role in managing its .NET software development initiatives, focusing predominately on Securities Class Actions. Prior to this, Price was Implementation Project Manager at BrokerTec, a supplier of global electronic trading platforms to the fixed income market, where he was directly responsible for the client-facing aspects of the product implementation and development process from design through to maintenance. Before switching to a more IT-dominated role, Price traded fixed-income products and spent time working in an Operations support environment at Kleinwort Benson.

“We are excited to have Steven join the XSP team in London. His skills and industry experience are completely in line with the needs of our organisation and those of our clients,” said Sheppard. “Steven’s expertise covers a broad scope of the financial industry – including trading, technology, operations and product implementation. Specifically, his IT background and management of software implementations will add great value to XSP’s mission of delivering superior technology to the financial markets. We welcome Steven to Xcitek and look forward to leveraging his invaluable contributions for the continued success of our solutions.”