RIA AND FI-TEK LLC ANNOUNCE THE LINKING OF GOSYSTEM TAX RS AND HEDGETEK. Users Are More Efficient And Enjoy Heightened Confidence For Hedge Fund Tax Preparation

Edison, NJ, May 17, 2004 RIA, a Thomson business, and Fi-Tek LLC today announced the deployment of a dynamic bridge linking their two products, GoSystem Tax RS and HedgeTek. The bridge allows users of Fi-Tek’s HedgeTek partnership allocation system to utilize RIA’s GoSystem Tax RS to electronically file Form 1065 and Schedule K-1 for hedge funds and other investment partnerships without the need to re-input information or manipulate spreadsheets, thus providing complete straight through tax processing. Ernst & Young LLP, a leading Big Four accounting firm in the alternative investment marketplace, intends to use this combined system for its hedge fund tax preparation work.

"Fi-Tek and RIA have greatly enhanced efficiency and decreased the possibility of errors in the complex hedge fund tax return preparation process by linking the products and automating a previously highly manual and labor intensive process" said Barry Mermelstein, Chief Operating Officer of Fi-Tek.

GoSystem Tax and GoSystem Tax RS offer accounting firms a professional solution for preparing tax returns. The CD-ROM version gives the user complete control over the network, software installations, updating and storage of data.

GoSystem Tax RS is a powerful Web-based system that provides users unprecedented performance and flexibility to meet compliance challenges, capturing the advantages and benefits of remote server computing, data management, storage, access and collaboration. These comprehensive systems handle virtually every type of return, reducing tax preparation and review time by as much as 50 percent, with a seamless combination of applications in one coherent package. HedgeTek is a next generation partnership allocation system developed to service the economic and tax allocation requirements for investor level accounting in investment partnerships such as hedge funds.

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