XSP Appoints Charles L. Watkins as Managing Director and Chief Financial Officer

Birmingham, AL - 17 March 2008

XSP, the leading global provider of Corporate Actions software, announced today the appointment of Charles L. Watkins as Managing Director and Chief Financial Officer.

Brendan P. Farrell, Jr., Chief Executive Officer, XSP commented, “Over the past year, XSP has grown considerably – specifically with the continued expansion of our global client base and the launch of the XSP™ v5 Corporate Actions platform. As we further strengthen our business, we will continue to augment our executive management team with talented leaders. Charlie has the knowledge and financial experience to help guide our continued growth in profitability over the coming years through the execution of new strategies, enhancement of fiscal procedures and delivery of our operational cost management initiatives. His managerial experience and entrepreneurial background will be invaluable as we continue with our focus on market leadership and growth. We welcome Charlie to the XSP management team and are confident that he will be a strong contributor to the continued success of our organization.”

Prior to joining XSP, Watkins owned and operated Sylacauga Health & Rehab Services, Inc., a nursing home and assisted living facility. For over ten years, he ran the overall business operations while managing all financial decisions and reporting. Prior to this, Watkins was employed in various roles of the Credit department at Parisian, Inc., an upscale department store chain based in Birmingham, AL.

Watkins holds a Bachelors of Science degree in Finance from Auburn University.

Watkins will be based out of XSP’s Birmingham, AL corporate headquarters.

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