RemitPro elects Douglas Ingram, PhD as Chairman of the Board

19 November 2008

RemitPro, a leading provider of treasury management, RemoteDeposit Capture and risk management solutions today announced that it has elected Douglas Ingram asChairman of the Board. “RemitPro is a dynamic company in an exciting and expanding market. I amdelighted to be the Chairman of the Board and look forward to building on the success of the team”,said Douglas Ingram.

“Doug brings a management and business development perspective that will be beneficial to RemitPro;we look forward to working together” said Jana Waughn, CEO. “Given Doug’s long track record ofsuccessful business ventures, we are fortunate to be able to leverage his experience and expertise atRemitPro”.

Ingram’s business ventures include founding and managing LCT, a technology business founded in 1985and subsequently sold to PSINet. Upon the completion of the merger, Ingram became President of USSales and Consulting solutions for PSINet. He began his career working for IBM in the Federal SystemsDivision. He is Chairman of the Board of the Suburban Hospital Foundation in the Washington D.C. area.He is a member of the Board of Advisors of Capital TechSearch, an executive search and IT staffingcompany. Previously he was a member of the Board of Directors of Linmor, a technology company anda member of the Executive Committee of The Northern Virginia Technology Council. He earned his Ph.D.in Aerospace Engineering at the University of Texas and his M.A. in Mathematics and B.A. in Physics bothat Pepperdine University. He also completed the Executive Program at the Darden Graduate School ofBusiness at the University of Virginia.

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