ACN Names David Fetter Chairman and Joseph Sturdivant to Board of Directors

Denver - 14 August 2007

Advisors Clearing Network, Inc. (ACN) has announced two additions to their Board of Directors. David Fetter, president and CEO of Fetter Logic, Inc., has been elected chairman of the board of ACN and industry veteran Joseph Sturdivant is now a member of the board.

“I’m looking forward to working with the board to round out the Fetter Logic/ACN solution set and to continually improve our position in the marketplace,” says David Fetter.

Throughout the past ten years, David Fetter has lead Fetter Logic through substantial growth in developing and evolving a wide range of data management solutions addressing data aggregation, regulatory compliance, commissions reconciliation, and more. With over 20 years of experience delivering technology solutions to the financial services industry, he is sure to bring a new perspective to the ACN board.

“I am excited to have both David Fetter and Joseph Sturdivant join the ACN Board of Directors. David will benefit the board greatly by adding a depth of knowledge in systems and the data processing products required by broker/dealers and clearing firms in today’s marketplace. Joseph brings many years of experience in the clearing industry as well as mutual fund operations expertise to our group,” says Wilson Williams, outgoing chairman of the board and current president/CEO of Williams Financial Group.

With a lengthy history in selling clearing services and leading operations and data processing for financial service providers such as Merrill Lynch, Broadcort, and UBS PaineWebber, Joseph Sturdivant’s expertise will be a valuable addition to the ACN Board of Directors.

“I look forward to working closely with David Fetter and the board to build Fetter Logic and ACN’s business. Our combined sales and operations knowledge and long list of contacts will allow us to increase our market share substantially,” says Sturdivant.

In 2006, Fetter Logic assumed all aspects of sales and operations for ACN. This agreement includes integrating ACN’s mutual fund processing capabilities with Fetter Logic’s product offering by adding “Books and Records Quality” data on direct mutual funds to Fetter Logic’s existing suite of commission processing, compliance, ad hoc query, management reporting, and broker workstation tools. ACN is an NSCC member and broker/dealer providing servicing functions to the Fetter Logic/ACN solution set. This allows the two companies to have maximum flexibility in servicing all types of broker/dealers.

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