RADIANZ CREATES NEW MANAGEMENT POSITION IN RESPONSE TO GROWTH TRENDS IN NORTH AMERICA

NEW YORK (June 29, 2004) – Radianz, the leading global provider of financial connectivity services, announced today the appointment of Robert Garzilli to Managing Director – Americas, a newly created position. As Managing Director - Americas, Mr. Garzilli is responsible for driving the overall business development, including sales and service delivery, in the North America region. Mr. Garzilli is based in the New York office and reports to Rick Snape, General Manager, Extranet Business Unit.

“As Radianz’s shared market infrastructure platform continues to gain traction, we recognized the need to have someone directly responsible for spearheading our efforts in North America,” said P. Howard Edelstein, president & CEO of Radianz. “Our customers come to Radianz because they know that we are experts in the connectivity requirements of financial services firms. Bob brings an extensive knowledge of the financial services industry, in particular the FX market, which makes him a perfect fit for the job.”

Prior to joining Radianz, Mr. Garzilli was with Currenex, the online trading service for the $1.5 trillion per day foreign exchange market, where he was responsible for global sales, customer service, strategy and strategic alliances. Previously, he spent five years with Oracle as its VP – Financial Services, Americas. In this position, he successfully led a 125 person organization in establishing and executing Oracle’s Financial Services strategy, which included financial management, client relationship management, business management, and technology infrastructure.

For further information please contact:

JoAnn Healy
212-888-6115 Ext 226

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