MILESTONE ADVISORS LAUNCHES AS INDEPENDENT MANAGEMENT CONSULTING FIRM FOR CAPITAL MARKETS, INVESTMENT MANAGEMENT, AND PRIVATE EQUITY

27 September 2007

Milestone Advisors today announced its official launch as a new independent consulting firm for the global markets industry, focused on strategy, finance, operations and technology. Founded by a group including some of the most experienced consultants in the financial services industry, Milestone Advisors launches its firm supporting the management teams at some of the largest global financial services institutions.

Milestone Advisors is led by Jess Varughese, formerly a leader in the Global Financial Services practice at Navigant Consulting, the leader of the Global Clients business within BearingPoint's Financial Services Practice and a Partner at KPMG Consulting. Joining him are Partners, Konstantine Kostakis and Peter Bond, formerly senior practitioners in the Financial Services Practices at Navigant and KPMG Consulting.

The Partners, who have over 48 years combined experience in the capital markets industry are currently overseeing over 25 resources deployed on client engagements, and plan for an aggressive growth strategy over the next two years. The firms consultants possess an average of over 12 years of Financial Services and Consulting expertise.

Jess Varughese, Managing Partner, comments, "We founded Milestone Advisors on the belief that, amidst the increasingly commoditized services landscape of publicly traded consulting companies there was a real need amongst our clients for true business expertise and independent, objective and results oriented business advisory services.

We have been encouraged by the response of our clients and industry partners and we are looking forward to continued growth."

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