Scivantage Moves to Jersey City Office in Preparation for Expansion

New York – 30 October 2006

Scivantage, the premier provider of web-based, front- and middle-office brokerage solutions, announced today that its Manhattan office staff has moved into a 30,000 square foot suite of offices on the 13th floor at 10 Exchange Place in Jersey City, New Jersey, directly adjacent to the PATH station and Hudson River water taxis. The company had previously occupied substantially smaller offices in lower Manhattan.

"This high floor location gives us more than a great view," commented Adnane Charchour, President and CEO of Scivantage. "Over the past year we have experienced significant growth. In order to maintain this growth, we are increasing our development, technical support, and sales staff to continue to provide superior service to our customers. This location is an ideal spot for us to execute our plans."

“When clients choose the Scivantage platform, they give their brokers and retail investors access to the cutting edge, cost-effective platform for productivity and online trading to meet their demanding and changing needs,” continued Mr. Charchour. “We look forward to working with all our customers to continue to deliver a superior experience that helps them streamline their operations and reduce costs to grow their business and better serve their clients.”

Scivantage headquarters will now be in Jersey City. In addition to this office, the company also has facilities in Northern New Jersey, Boston and Silicon Valley.

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