PRESS RELEASE

December 11, 2001

Centerprise's CTO Eric Yu to Participate in IBM-Sponsored ASP Forum at Fall Internet World

NEW YORK - Eric Yu, CTO at Centerprise Services, Inc, has been invited to participate in an ASP industry forum titled, "Rational Exuberance - Smart Go-to-Market Strategies for ISVs/ASPs" at the Fall Internet World at Javits Center in New York. The forum is being sponsored by IBM and is scheduled for Wednesday, December 12 from 2:45pm to 3:45pm.

Chaired by Reza Ghorieshi, global technical strategist, IBM Net Generation business and software group, and chairman, ASP Industry Consortium (ASPIC) best practices committee, the panel includes Mr. Yu and representatives from OpenAir in Massachusetts, Triangle Group of Companies in the UK and the ASP Industry Consortium (ASPIC). The panel's discussion will outline effective tactics and strategies for ISVs wishing to embrace the ASP model.

Mr. Yu is the chief technology officer and a co-founder of Centerprise Services, Inc., an enterprise technology solutions firm focusing on the financial services industry. Prior to Centerprise, he served as vice president of the global risk systems group at UBS where he led development of firm-wide risk management and reporting systems, and managed the daily production process with over 100 interfaces to front, middle and backoffice trading systems.


About Centerprise

Centerprise is a technology solutions software and services company that offers a broad, integrated, yet modular enterprise management system developed specifically for the financial services industry and, in particular, for the wholesale capital markets sector. Their product suite, CenterSphere, designed from the ground up to facilitate the management and control of the financial enterprise, integrates all the key managerial disciplines into a single framework, achieving a new level of cost efficiency for the enterprise not previously possible.

At the same time, the framework is flexible; components can be implemented incrementally as needed, including: organization and accountability management, portfolio (position) management, financial reporting (general ledger), enterprise-wide workflow process, market risk, credit risk and operational risk management, analytics, daily trading P&L reporting and attribution, customer relationship management, human resources, legal and compliance, audit management, market and enterprise data and application integration management.

CenterSphere is the first enterprise system built specifically for the requirements of capital market organizations by capital market veterans.

The company is headquartered in Purchase, New York. For more information, visit www.centerprise.com.


Contact:

Martin Rabkin
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