Xcitek® Concludes Successful Third Annual XSP™ User Group Conference

New York, NY - 3 October 2006

Xcitek®, the leading global provider of market data, Corporate Actions software and consulting services, announced the recent successful conclusion of its Third Annual XSP™ User Group Conference held September 19-21, 2006 at the Marriott Beach and Golf Resort in Hilton Head, South Carolina.

Hosted by Xcitek, the conference brought together business delegates, technical users and vendor partners of its flagship Corporate Actions software solution for a focused exchange of ideas, strategies and networking opportunities to maximize investments in XSP products and solutions. Delegates attended general and breakout sessions that featured previews of its imminent releases of XSP Version 4.7 and XSP V5, the next generation in Corporate Actions technology incorporating enterprise-wide integration and globally-scalable architecture; specialized topics such as the recently-introduced Account Relationship Management Division, Global Channel and Alliance Programs, Quality Assurance, New Products and Industry Initiatives including SWIFT ISO 2006 Updates; and presentations of integrated solutions offered by its vendor partners.

Frank Piraino, Senior Vice President at Xcitek said, “While we advance our technology and offer the most robust global Corporate Actions solution available, we are maintaining a keen focus on strong client relationships. Understanding their business challenges and goals combined with direct user feedback promotes our ability to deliver the richest functionality and maintain our leadership position in the market. The clients’ feedback will help provide the direction and guidance for future XSP product releases and client programs.”

Delegates commented on the benefits from attending this conference, the exciting functionality in XSP Version 4.7 and the leading-edge technology surrounding XSP V5. The atmosphere was conducive to getting acquainted with other users – interacting, exchanging ideas and discussing best practices in Corporate Actions processing. Having everyone in the same location at the same time provided a convenient and mutually beneficial opportunity to discuss ways to further leverage XSP.

Mike Cordelli, Corporate Actions Manager and Trust Officer at U.S. Bank, said, “The XSP User Group Conference was very informative and provided us with comprehensive presentations of the upcoming product releases, XSP Version 4.7 and XSP V5. It was extremely helpful to have all the XSP product experts and staff available on-hand to answer our questions and it served as a great opportunity to network with peers in the Corporate Actions community.”

Barry Raskin, President of Telekurs (USA) said, “As an XSP partner and exhibitor at their annual conference each year, I continue to be impressed with the event as well as the ongoing research and development invested in the product. Xcitek maintains a close relationship with their global clients – keeping them informed in the process while focusing on the evolving changes within the industry from a global perspective. Their commitment to keeping an open dialogue further extends to their vendor partners, which allows us to continue offering a fully-integrated interface between Telekurs and XSP.”

Brendan P. Farrell, Jr., Managing Partner at Xcitek, commented, “On behalf of Xcitek and the XSP User Group Executive Board, we would like to thank all the participants for their attendance and especially those who presented and made this another successful conference. This well-attended event provided delegates with informative updates, detailed presentations and open discussion forums to help optimize their Corporate Actions operations and best leverage their investments in Xcitek’s solutions.”

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