Xcitek Delivers CDS INC. SWIFT ISO 15022 Canadian Corporate Actions and Other Entitlements Data via XSP™

New York, NY, August 8, 2005 – Xcitek, the leading global provider of market data, Corporate Actions software, and staffing solutions, and CDS INC., a premier supplier of Canadian equity and debt entitlements information, announced today that XSP™ is now interfaced to CDS INC.’s SWIFT ISO 15022 entitlements data for the automated processing of Corporate Actions and other entitlements. This further demonstrates the ongoing industry efforts to embrace the ISO 15022 message standard to promote greater straight-through processing (STP) and the adoption of this standard by both CDS and Xcitek.

XSP is SWIFT ISO 15022 compliant and features comprehensive data scrubbing tools, robust workflow management modules, web and ISO messaging for client notification and response capture, and complete entitlement processing. Utilizing its powerful rules-based, data-scrubbing engine with built-in exception handling capabilities, XSP captures and sanitizes data from multiple vendor sources and custodian data. Through workflow tools, tasks are automatically routed to designated parties to handle the required action. XSP also offers the ability to track event notifications through its web-based module, eTRANâ„¢, by generating notifications to intermediaries for desired elections. Instructions are automatically updated to the back-end system for reconciliation and entitlement processing.

In June 2005, CDS issued ISO 15022 standards for Corporate Actions and entitlements messaging guidelines for the Canadian securities market. CDS’s new Entitlement Messaging service gives subscribers accurate and timely entitlement (including Corporate Action) information in field-based form over the SWIFT network (in ISO MT564 format) and over CDS's proprietary network. The new service complements other entitlement-related services available through CDS and CDS INC. such as CDS Bulletins, CDSX Entitlements Data Feed, CDSX Online and SEDAR-SCRIBE, which provides a real-time feed of public filings in the System for Electronic Document Analysis and Retrieval, EDGAR’s Canadian equivalent.

Brendan P. Farrell, Jr., Managing Partner at Xcitek, said, "Teaming with CDS INC. further enhances our offering by combining the strengths of CDS’s unequalled Canadian data with XSP’s robust and feature-rich technology to deliver solutions that are consistent with global efforts to improve STP for Corporate Actions processing. With the increasing adoption of SWIFT ISO 15022 by financial institutions, both Xcitek and CDS INC. recognize the industry’s initiative to promote a standardized messaging format that leads to reduced costs and risks. We look forward to working with CDS INC. to successfully bring Canadian data to the global market."

Barbara Amsden, CDS Assistant Vice-President of Product Management, said: "Key to addressing the complexities and timing challenges of entitlement processing, CDS INC.’s Entitlement Messaging provides easy-to-process information to securities market participants anywhere in the world. We designed CDS INC.’s Entitlement Messaging to meet ISO 15022 standards. This makes it an ideal feed for XSP, which utilizes its powerful data scrubbing engine to compare CDS INC.’s top-quality data with any other sources, expediting identification of possible discrepancies and corrections, and lowering costs and risk for firms and the marketplace."

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