Envision Financial Systems Announces Restructuring of Executive Team

California - 23 October 2006

IRVINE, CA. October 23, 2006 — Envision Financial Systems, the award-winning software company for the financial industry, today announced that Tim Kan has been promoted from Chief Technology Officer to President. Satnam Gambhir, formerly the President and Chief Executive Officer, will hold the Chief Executive Officer position. Additionally, Brian Jones has been promoted from Senior Vice President of Strategic Planning and Business Development to Executive Vice President.

The new roles reflect the rapid growth Envision expects to see in the coming years, and positions the company to better align resources with needs. Tim Kan, co-founder of Envision, will focus on legal, financial and administrative initiatives. Brian Jones will oversee the sales and marketing effort for the company along with strategic relationship and planning.

Mr. Kan has over two decades of experience in dealing with the financial services industry and information technology. Prior to co-founding Envision in 1994, he was the Chief Software Architect for StockMate Financial Systems. There he was responsible for designing, developing and managing software products for the company. Mr. Kan developed particular expertise in transfer agent software and market data system design and development. He also designed the successful strategy that led to the acquisition of StockMate by ADP.

Mr. Jones has over two decades of experience in the mutual fund industry, with extended stints at both Federated Investors and Fidelity Investments.

“With the recent growth of the company, we felt that having Mr. Kan in the President’s role would allow us to more efficiently pursue new opportunities,” says Satnam Gambhir, Chief Executive Officer of Envision. “I’ve known Mr. Kan personally for over twenty years, and his contributions towards the company since we co-founded it back in 1994 are immeasurable.

“In Mr. Jones’ short two year tenure with Envision he has helped us considerably in our efforts to grow the business and position us well for the future.

“The restructuring of our team will allow us to better meet the challenges ahead. Having the right leadership in place is key to our continued growth as a global solutions provider for the investment management industry.”

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