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INSURANCE TECHNOLOGIES APPOINTS PAUL SKORDILIS AS SENIOR VICE PRESIDENT OF WORLDWIDE SALES & MARKETING

Experienced Sales and Marketing Executive Brings Over 22 Years of Experience to Insurance Technologies

COLORADO SPRINGS, CO (May 12, 2006) – Insurance Technologies LLC, the premier provider of point-of-sale management software for the financial services and brokerage industries, announces the appointment of Paul Skordilis as senior vice president of worldwide sales and marketing. In this position, Mr. Skordilis will be responsible for the company’s global marketing strategy and accelerating the worldwide adoption of Insurance Technologies’. Mr. Skordilis brings over 22 years of sales and marketing experience to drive the growth of Insurance Technologies and the next phase of global expansion.

Mr. Skordilis comes to Insurance Technologies from StillSecure as the Vice President, Worldwide Sales. Based in Superior, Colorado, StillSecure is a company that delivers network security solutions that protect IT business infrastructure.

Prior to his work at StillSecure Mr. Skordilis was Vice President, Sales & Risk Management Solutions for the Western US of Foundstone, Inc., a California - based company formed over seven years ago by the industry leading security experts who first built the security consulting practices at two Big 6 accounting firms.

"I am excited to bring Paul on board as he brings years of experience managing sales and marketing organizations within some of the world's leading companies, and I am confident he will make a tremendous impact on our company’s growth" commented Larry Wiedeman, Chairman and Chief Executive Officer of Insurance Technologies. "With his solid background, and extensive network of large customer relationships, he is a strong addition to the executive management team at Insurance Technologies. He will be instrumental in achieving our goal of accelerating our leadership in the market and expanding our growth globally."

“Insurance Technologies has a unique technology which is recognized as the leader in the industry,” said Paul Skordilis, senior vice president of sales and marketing for Insurance Technologies “Together with a solid and talented management team along with dedicated employees, Insurance Technologies is poised for incredible growth and I am excited to be a part of the team.”

Prior to Insurance Technologies, Mr. Skordilis has held various executive roles in sales, marketing and business development within the system integration, network and identity management and venture capital sectors.