BEDMINSTER, N.J. - 23 August 2007

Wealth Management Systems Inc. (WMSI), the leading provider of automated IRA rollover services, announced today that it has appointed John Geli as Chief Executive Officer (CEO). Mr. Geli most recently served as WMSI's Chief Operating Officer and will begin his tenure as CEO effective September 1, 2007.

Mr. Geli succeeds Jude Metcalfe as CEO of WMSI. Mr. Metcalfe was appointed CEO of WMSI in November 2004. While Mr. Metcalfe has resigned his position, he will remain a shareholder in WMSI working closely with Mr. Geli to ensure a smooth transition in executive leadership. Tom Loch will continue as WMSI's President and Chairman of the Board and BJ Ralston will assume the role of Senior Vice President and Chief Administrative Officer.

"As the major investor in WMSI, Bluff Point Associates has been gratified by WMSI's marketplace expansion and accomplishments in 2007," stated Neil Gabriele, Managing Director of Bluff Point Associates and a Director of WMSI. "John is a highly motivated individual who can sustain WMSI's current momentum and forge new relationships that will continue to expand WMSI's service offerings and its IRA and TPA Networks," commented Gabriele.

Mr. Geli is an experienced business professional with over 20 years experience in the financial services industry, having held various senior level positions with Mellon Financial Corporation, Bankers Trust Company and Fidelity. His extensive knowledge of large scale client operations and the employee benefits industry have enhanced WMSI's product offerings and value proposition in the marketplace.

"The rollover market offers limitless opportunities for our clients," said President Tom Loch. "John understands not only the business needs of all the key stakeholders but also the breadth and depth of WMSI's technology platforms and services. John is uniquely qualified to hit the ground running and maximize WMSI's position in the marketplace to grow the company to its full potential."

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