Cyence Names New Chief Operating Officer

Addition of Industry Veteran Wes Dean Reflects Growing Market Leadership

ST. PETERSBURG, FL, JANUARY 31, 2005–-Cyence International Inc., a leading provider of Web-based software solutions for the banking, manufacturing, and equipment finance industries, is pleased to announce the addition of Wes Dean to its leadership team. Dean will serve as Chief Operating Officer (COO), managing the day-to-day operations of Cyence, including the production of the company’s software products and their delivery and deployment to customers.

Dean fills the opportunity created when the company promoted veteran executive and past COO Greg McIntosh to the position of President and CFO for Cyence International. In his new post, McIntosh will continue to direct the financial aspects of the company’s operations and provide executive oversight for the company overall.

"The arrival of Wes gives us added strength in executive management throughout the US and Canada," says Peter Hyne, Chief Executive Officer of Cyence. "He has a seasoned perspective on the leasing industry and will be a major asset as we continue to build technology solutions and define process improvements for our customers."

Dean has over 20 years of experience in executive-level management, software development management, and sales leadership across a diverse range of industries. Most recently, he served as Chief Operations officer for CapitalStream, where he was responsible for the company’s operations in providing enterprise front office automation software products for financial institutions.

Before joining CapitalStream, Dean served as founder and CEO for Signature Technology Solutions (STS), a leading provider of banking software solutions, supply chain management consulting, CRM consulting, and custom software development services. Before STS, he served as the Vice President of Software Operations for S1 Corporation, where he led the development and deployment of the company’s flagship products in the Internet-based banking marketplace.

"Over the past two years, Cyence has emerged as the clear market dominator—through its high-performance technology, excellent choice in business partners, and commitment to research and development," Dean says. "I look forward to applying the knowledge I’ve gained to help Cyence expand its industry leadership--and help our customers proactively manage business challenges through our innovative products and services."

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