Fortis Securities LLC Selects Xcitek for Corporate Actions Data

New York, NY, August 2, 2004 – Xcitek LLC, the leading provider of corporate actions data, announced today that Fortis Securities LLC has licensed Xcitek’s award-winning corporate actions data. Through Xcitek’s Portfolio Tracking Service™, Fortis will receive comprehensive domestic and international corporate actions data for its securities of interest file via a web-based platform.

Xcitek provides financial institutions with the most timely, accurate, and complete securities processing information. For the tenth consecutive year, Xcitek has been identified as the market leader by operations professionals – as compiled by The Summit Group and Securities Operations Forum – for its comprehensive corporate actions data including: Bulk Data for North American Fixed-Income & Equity Securities as well as Online Data for North American Fixed-Income & Equity Securities.

Xcitek’s Portfolio Tracking Service is the choice of investment managers of all sizes to perform the critical role of securities master file update, maintenance, and trading support. Cost effective, user friendly, and featuring ‘best-of-breed’ securities databases, Portfolio Tracking Service can be set up to report on a daily basis and delivered via FTP, email, or downloadable on demand. In addition to pricing positions, the service tracks all corporate actions affecting holdings, i.e., dividends, splits, spin-offs, mergers, exchanges, conversions, redemptions, partial calls, tender offers, etc. – delivering this time-sensitive critical information straight to the desktop.

“We welcome Fortis Securities as our most recent data client,” says Joseph M. Carvalhido, Managing Partner at Xcitek LLC. “With the Portfolio Tracking Service, users can easily upload their securities of interest files and receive daily reports of all corporate actions and dividends that impact their holdings. The service offers a comprehensive coverage of global corporate actions data on a user-friendly web-based platform at a competitive price. The addition of Fortis to our growing client base demonstrates the scalability of financial institutions that can benefit from our market data solutions.”

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