Kurtosys Systems Inc. announces that Mike Loo has been appointed Chief Financial Officer

7 August 2008

Mike has more than 28 years of experience building financial teams to support large-scale global enterprises. He has significant expertise in IPO and post-IPO activities, private equity fundraising, acquisitions, and international business management.

As chief financial officer of Certus, a Sarbanes Oxley solutions provider, he created the operational infrastructure to support a tremendous growth rate in this emerging industry. He was executive vice president and chief financial officer of Applicast, an application service provider of enterprise software. Mike was responsible for creating infrastructure, raising working capital and cocoordinating the successful acquisition of the company by Agilera Inc. He was the principal accounting officer for Vantive Corporation, a NASDAQ listed company acquired by Peoplesoft, where he coordinated the company’s IPO, the planning and execution of acquisitions, and the establishment of foreign subsidiaries. Prior to Vantive, Mike worked for other notable Silicon Valley companies such as Sybase, Oracle, and ROLM/IBM.

Mike commented: “I am very excited about the opportunity created by the Company and its investors. Kurtosys created the market for client reporting services, developed an end to end service solution to serve this market and acquired a very impressive list of customers.” Mike will be responsible for finance, accounting, legal and strategic planning.

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