Mountain View, CA (June 24, 2003) – Integral Development Corp. has named Joseph F. Conlan as Vice President of Sales, North America. Mr. Conlan will direct the sales efforts and play a key role in overseeing the launch of a new line of online FX products in North America.

Mr. Conlan joins Integral from the Chicago Mercantile Exchange (CME) where his accomplishments included the design and launch of a web-based FX Spot Equivalent application and the design and execution of its North American sales & marketing strategy. He orchestrated the sale of GLOBEX, CME’s electronic trading platform, to 30 financial institutions during his first ten months and his team increased eFX transaction volume over 120% in 2002.

Harpal Sandhu, CEO of Integral, said: "Joe brings to Integral a proven track record in selling technology solutions in foreign exchange. His recent success at CME underlines his value to our team and we are excited about the level of expertise he brings to Integral."

In support of Integral’s recent growth, Mr. Conlan is also responsible for hiring additional sales and support staff to bolster the company’s presence in North America.

Mr. Conlan noted: "Demand for complete automation in foreign exchange trading is greater than ever before and I’m eager to lead Integral’s North American expansion to meet this need."

Prior to joining CME, Mr. Conlan was director of sales and a founding employee of Cognotec Americas. Before Cognotec, he was a top producing sales executive for EBS in Chicago.

Press Release Contact:
Brian Ruby
203-406-8800 x11

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