PRESS RELEASE

March 28, 2005

The Risk Management Association Selects Centerprise for its Online Operational Risk Tools Service

RMA will offer OpRisk tools to its member institutions on a subscription basis later this year. Solution will help its members perform operational risk and corporate governance initiatives.

Purchase, NY and Philadelphia, PA (March 28, 2005) - Centerprise Services, Inc. announced today that the Risk Management Association (RMA), a nonprofit, financial services association with 3,000 institutional members, has selected Centerprise as its core solution provider for RMA’s online operational risk service to be offered to its member institutions on a subscription basis.

The solution, RMA OpRisk Tools, will cover all elements of operational risk as well as Sarbanes-Oxley. It has been designed as a comprehensive and affordable risk management service specifically to help small and medium-sized institutions manage their operational risks and controls.

"We are delighted to be working with Centerprise on delivering a robust yet very affordable risk management solution to our members", comments Charles Taylor, Director of Operational Risk for RMA. "We concluded Centerprise has both the functionality and underlying architecture to support the online subscription model that best meets the needs of our members," notes Taylor. RMA, whose primary purpose is to advance the use of sound risk principles and promote an enterprise-wide approach to risk management, will include knowledge delivery services and other elements to the OpRisk Tools offering.

Commented Reto Tuffli, CEO of Centerprise, "Smaller banks face considerable challenges and costs to address op risk and meet Sarbanes-Oxley and related requirements. This offering is an ideal delivery model for bringing value to RMA's small and medium-sized members. We are naturally very pleased to be working together with such a notable industry association to make the service a reality." Eric Yu, CTO of Centerprise, adds, "Centerprise will continue to serve the larger banks through our traditional software licensing model, though we have long targeted offering an online version of our solution as well. To be able to now deploy a subscription-based solution together with the RMA is a great fit at what seems like the right time for this sector."

The offering currently is in the process of being deployed to an initial pilot user group and will be offered to RMA's general membership in the 3rd quarter of 2005.

About RMA

Founded in 1914, the Risk Management Association is a nonprofit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk.

Headquartered in Philadelphia, Pennsylvania, RMA has 3,000 institutional members that include banks of all sizes as well as non-bank financial institutions. They are represented in the Association by 16,000 risk management professionals in North America and numerous cities overseas, including Hong Kong, Singapore, Melbourne, Sydney, and London. Members meet regularly through RMA's strong chapter network. Visit RMA on the Web at www.rmahq.org.

About Centerprise

Centerprise Services, Inc. is a leader in the development of risk management and control systems for the financial services industry. The company's product suite, CenterSphere, is a new class of enterprise system that combines enterprise risk management functionality with governance, control, compliance and business process capabilities. The suite is an integrated yet modular framework. As part of the suite, Centerprise offers a full-featured operational risk solution that may be deployed with Sarbanes-Oxley support as well as process repository and business performance management capabilities. A strong focus exists throughout CenterSphere on organizational and accountability management, verification, business process management and audit trail. Complementary offerings are available for core centralized enterprise reference data management that are similarly process management-based. These combined elements serve as a new business intelligence application suite that orchestrate all key risk, control and reference data. Our integrated solution allows your firm to achieve a simultaneous reduction in costs and improvement in governance and controls.

For more information, visit www.centerprise.com.

Contacts:

Matt Forster / Centerprise Services, Inc.
(914) 701-7300 / matt.forster@centerprise.com

Janine DiLauro / The Risk Management Association
(215) 446-4052 / JDiLauro@rmahq.org