Shadow Financial Services Recognized as One of New Jersey’s Finest Companies

- Prestigious Awards Program Honors State’s Top 50 Fastest Growing Companies -

EDISON, N.J. (October 12, 2005) -- Shadow Financial Services Corp., developers of the ShadoSuite™ global securities processing system, today announced that the company has been selected as one of New Jersey’s Finest companies by NJBIZ. During an awards dinner held last night, Shadow Financial was recognized as the 27th fastest growing company in the state.

The New Jersey’s Finest program recognizes the top 50 fastest growing companies in New Jersey. The awards are based on a review of revenue growth over the preceding three year period. Each of the winning companies will be featured in the October 17th issue of NJBIZ.

Donald Marino, CEO of Shadow Financial Services, said, "The last three years have been phenomenal for Shadow, thanks to the dedication and hard work of every member of the Shadow team. Our flagship product, ShadoSuite, is changing the way our clients do business and enabling them to significantly cut clearing costs, saving time and money with every transaction. We are proud to be recognized as one of New Jersey’s Finest companies and intend to remain a strong contender for the award through our ongoing contributions to the state’s economy and job market."

Shadow Financial Services is a leader in the clearing space, developing solutions that provide clients with the most advanced securities processing systems. ShadoSuite is a comprehensive global securities processing system that handles multi-currency trade processing, clearing and accounting for all combinations of currencies, products and types of trades. Unlike many other systems, ShadoSuite maintains every position in its originally traded currency in real-time and provides a flexible and scalable infrastructure that can grow as a client’s business expands.

Shadow Financial is also fully committed to providing its customers with high quality service to satisfy their securities processing needs. From pre-installation to post-installation, Shadow Financial forms long-term partnerships with its customers' operations personnel and management team to continually maximize the effectiveness and efficiency of ShadoSuite for their ongoing changing needs.

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