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CLEAR TECHNOLOGY, INC. APPOINTS INSURANCE AND FINANCIAL SERVICES VETERAN AS NEW PRESIDENT AND CEO

Brian Cohen Takes Helm of Leading Global Software Solutions Company

June 12, 2006—Westminster, CO—Clear Technology, Inc., a leading global software solutions company serving the insurance and financial services industries, today announced the appointment of Brian Cohen to the position of president and chief executive officer.

Mr. Cohen served as chief marketing officer for The Farmers Insurance Group of Companies, the third largest writer of automobile and homeowners insurance in the U.S. He has also held leadership positions at Strategic Growth Advisors and Banner Holdings Incorporated.

"I bring to Clear the customer perspective, having sat on the other side of the table where I purchased a variety of software solutions,” said Brian Cohen, newly appointed president and chief executive officer. “I have experienced the very same challenges that Clear’s customers face and believe Clear’s robust technology has solved the problem of run-away operational costs many insurance and financial services companies have spent years trying to harness. Clear’s software solutions significantly drive down operating costs in a lot less time and for a lot less money than traditional software solutions.”

“More importantly,” he adds, “Clear’s solutions free employees from the burden of administrative tasks which enables them to be more productive.”

Clear Technology founder Dr. John Kendall announced Mr. Cohen’s appointment, stating, "We are impressed with Brian’s track record of growing successful businesses. His strong marketing vision, combined with his in-depth knowledge of the insurance and financial services industries, will prove invaluable as Clear Technology penetrates new market segments.”