CheckFree, Information Mosaic, Mondas, Vermeg, XcitekSolutionsPlus join CityCompass Corporate Actionsand Information Vendor Benchmarking

London, 24 Feb, 2004 – CityCompass, the independent facilitator of contemporary market issues effecting the financial services sector, today announced leading corporate action suppliers CheckFree, Information Mosaic, Mondas, Vermeg and XcitekSolutionsPlus are the first vendors to have confirmed their participation in this unique benchmarking forum, to be held in London in June.

Gary Wright, Managing Director of City Compass and creator of the benchmarking concept stated "The 2004 Benchmarking event is greater and more comprehensive than last years encompassing the Information vendors into the process. We are doubly happy that last years vendor participants have been joined by Information Mosaic. We hope to announce further participants in due course. Last years Benchmarking of CA systems were a resounding success for participating vendors as real deals were made as a result of taking part. This year’s event will be providing the user community involved with CA the perfect opportunity to view the latest technology developments in the industry and hear from leading characters at the conference on the theme of standards and harmonisation rules in IPO market 2004?"

John Byrne, C.E.O. of Information Mosaic said "We are looking forward to participating in this annual benchmark. With so many STP initiatives taking place within the industry, the area of Corporate Actions stands out as an essential area for automation. As a recurring exercise, the benchmark will ensure that vendors continue to improve the quality and standards of their offerings. The group of exceptionally knowledgeable and experienced industry professionals on the committee is indicative of the commitment made by CityCompass to make this a highly qualified event."

Spokesperson for Mondas said "The BISS CA 2003 event was extremely helpful for practitioners who were considering Corporate Actions automation. Whilst the Mondas solution was assessed as "Best for Asset Managers" and "Best for Broker/Dealers", we recognise that a lot can happen in 12 months and, like the other vendors; we are keen to demonstrate our progress at the 2004 event. We are delighted to be involved again."

Mohamed Zebidi, VP, Product Manager for Vermeg said "Last year's BISS CA Benchmarking event and the report following it proved invaluable in providing users with an impartial assessment of the various CA solutions available, and Vermeg are therefore happy to be taking part again in this year's event"

Brendan P. Farrell Jr., Managing Partner of XcitekSolutionsPlus commented, XcitekSolutionsPlus is delighted to participate in CityCompass’ second annual Corporate Actions Benchmarking event. Automating corporate actions continues to be an industry-wide challenge for financial institutions and these types of forums give us the opportunity to demonstrate XSP™ as a proven automation solution."

To attend this event please contact Cathy Wright at CityCompass at citycompass website.

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