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INSURANCE TECHNOLOGIES APPOINTS BILLY CHANG AS DIRECTOR OF BUSINESS DEVELOPMENT, ASIA REGION

Experienced International Executive Brings Over 20 Years of Experience to Insurance Technologies

COLORADO SPRINGS, CO (June 15, 2006) – Insurance Technologies LLC, the premier provider of point-of-sale management software for the financial services and brokerage industries, announces the appointment of Billy Chang to the new role of Director of Business Development, Asia Region. In this position, Mr. Chang will be responsible for the company’s Asian global business development and accelerating the worldwide adoption of Insurance Technologies in the Asian industry. Mr. Chang brings over 20 years of insurance experience to help drive the growth of Insurance Technologies’ global expansion.

Mr. Chang previously held a number of international positions with a number of companies including; Care You Global Marketing, LIMRA International, Bancassurance Change HWA Commercial Bank, TeleTech HK, Life of Georgia, a subsidiary of ING, ALICO, a subsidiary of AIG, Citibank and American Express Bank. Mr. Chang comes to Insurance Technologies most recently from Care You Global Marketing as the General Manager. Based in Taipei, Taiwan Mr. Chang has focused on delivering Strategic Marketing for projects including LIMRA International, Bancassurance Chang Hwa Commercial Bank, TeleTech HK, World Marketing Alliance Taiwan Branch and New World Education Services.

Prior to his work at Care You Global Marketing Company Mr. Chang was Managing Director of WMA Taiwan., a US based financial marketing and insurance brokerage company specializing in investment type products such as Mutual Funds, variable universal life and variable annuities. Mr. Chang was also General Manager of Harmonworld Insurance Brokerage Company, Ltd., which provides insurance brokerage to the local market for services including DM design, printing, mailing and fax marketing for life insurance companies. As Manager of Diversified Distribution Systems with Life of Georgia, a subsidiary of ING, Mr. Chang set up diversified distribution channels with companies including Citibank and American Express Bank. He was also nominated as Chairman of Corporate Vision Development to lead a managerial team in developing the long-term corporate vision.

"Billy’s broad based experience in diversified business development, strategic planning, operations and technology will be a huge asset to our already strong international team and I am confident he will make a tremendous impact on our company’s international growth." commented Doyle Oakey, Vice President of International Strategy and Marketing for Insurance Technologies. "With his strong international background, and extensive international network, he brings an excellent track record of success and we are happy to add another seasoned leader to our team.”

“I look forward to applying my expertise and business development skills to help Insurance Technologies further develop the strong strategic partnerships needed to succeed in today’s Global Financial Services market,” said Mr.Chang. “By developing strong diversified business partnerships, Insurance Technologies will be able to deliver even greater value to its global customer base.”