Nomura Securities' John Comerford Joins VhaYu Technologies' Advisory Board. Quantitative Research and Automated Trading Veteran Brings Strong Financial and Operational Expertise

Los Gatos, CA, May 18, 2004 – VhaYu Technologies Corp., the only firm in the world delivering a real-time and historical tick-data capture, storage, analysis and execution engine, today announced that John Comerford, managing director and head of quantitative trading and research at Nomura Securities International, the U.S. broker/dealer subsidiary for Nomura Holding America, Inc., part of The Nomura Group (NYSE: NMR; TSE: 8604), has joined VhaYu’s Advisory Board. His appointment, made at a February meeting of the Board of Directors, is effective immediately.

"We are very pleased to have someone with John’s equity trading and quantitative research expertise joining our Advisory Board," said Tejpal Chadha, CTO and co-founder of VhaYu. "Given his extensive knowledge and experience, he will be an invaluable source as we continue to expand the scope of our products and solutions."

Mr. Comerford is responsible for quantitative research and automated trading for Nomura's U.S. Equity Sales and Trading group.

Commented Mr. Comerford, "What excites me about being affiliated with VhaYu is this is a company driven by an understanding of the marketplace, its customers and their needs, and the value of their technology-driven business solutions, rather than just their technology for the sake of technology per se."

Mr. Comerford joined Nomura from Charles Schwab Capital Markets, where he was head of quantitative trading and research for Schwab's Program Trading group. Prior to Schwab, he spent nine years as a portfolio manager at Symphony Asset Management, where he managed market neutral hedge funds, developed new fund strategies and built and ran a U.S. trading desk. He started his career at NISA Investment Advisors, where he was integral in researching and managing the firm's Efficient Index and where he developed multi-factor expected return models.

VhaYu was founded in 1998 by Tejpal Chadha and Ken Williams. Mr. Chadha held key management roles at Intel Corporation (Nasdaq: INTL) and was one of the lead architects for the Pentiumâ„¢ and Mercedâ„¢ chips. Mr. Williams has founded several companies and has worked for Intel, General Magic and Taligent. A privately held company, VhaYu is backed by top venture capitalists and technology investors including Deutsche Bank (NYSE: DB), and, in an April 2003 $6.5 million Series B round of funding, Menlo Ventures.

Martin Rabkin for VhaYu
Glitza Rojas
Nomura Securities International, Inc.

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