XcitekSolutionsPlus Expands Into European Market

Corporate Actions Leader Hires XSPâ„¢ Product Specialist to Support Growing Client Base

London, UK, 5 May 2003 – XcitekSolutionsPlus, the leading provider of corporate actions automation, announced today the opening of its London office to serve as a hub for its European expansion. To support the growing list of European clients, the firm has hired Nick Burgess as XSP™ Product Specialist to help provide pre- and post-sales client service and manage XSP implementations.

Burgess brings 15 years of securities processing experience from some of the world’s leading financial institutions. Most recently, Burgess was instrumental in automating the corporate actions process at JPMorgan Equities London, where the XSP product was successfully implemented. He also held IT consulting positions at Societe General Securities London, Deutsche Bank London, ING Barings London, ING Baring Securities Hong Kong and London Clearing House.

"We are very excited about our new office in London and delighted to welcome Nick aboard. His extensive expertise and knowledge of the European marketplace as well as his presence in London will further strengthen our commitment to XSP overseas clients and prospects. We are confident in his abilities and contribution to our continued success," stated Brendan P. Farrell, Jr., Managing Partner of XcitekSolutionsPlus.

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