Larry W. Jones Joins Xcitek as Senior Vice President of XSP Product Management

New York, NY, May 2, 2005 – Xcitek, the leading global provider of corporate actions automation, market data, and operational staffing services, announced that Larry W. Jones has joined the company as Senior Vice President of XSP’s Product Management Group. In this role, Jones will be responsible for managing the XSP™ product roadmap to respond to clients’ ever-changing business needs while solidifying XSP’s market-leading position.

Jones brings a wealth of experience in the Professional Consulting and Systems Integration industry, designing and implementing solutions to meet client business needs. During his 18-year tenure at HP/Compaq Computer Corporation, Jones held several high-profile senior management positions within its Global Services Division leading a team of technology professionals in the pursuit and delivery of custom projects and programs. Prior to joining Xcitek, Jones held senior-level positions supporting software business lines at Integrated Medical Systems International and Adea Solutions, Inc.

"Larry’s expertise in systems integration, extensive operational management background and keen business sense will further enhance our leading position and global presence in the marketplace," said Patrick D. Lee, Managing Partner at Xcitek. "His strong track record in strategic planning and product development will be invaluable to Xcitek as the XSP software solution continues to evolve to meet the needs of our growing client base."

Brendan P. Farrell, Jr., Managing Partner at Xcitek, said, "With his wealth of experience in the information technology industry and history of successes managing software products, Larry is a valued addition to the XSP management team. From a product management perspective, Larry will be involved in several of the major projects currently in development including the automation of class actions. Our market data group is launching Xcitek Class Actions™ and our plans are to take XSP to the next level by automating this process. With Larry on board, we can continue to manage our goals of fulfilling client needs while achieving XSP’s strategic initiatives."

Jones holds a Bachelor of Science degree in Mathematics from Birmingham-Southern College. He is the recipient of three corporate "Excellence Awards" for outstanding performance and results and has been recognized for overachievement.

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