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Gladwyne and Financial Executives International Announce Partnership

IT Risk Management Company and Leading CFO Group Join Forces to Educate Financial Executives on Technology Assurance Issues

Morristown, NJ and King of Prussia, PA, June 19, 2001 - Financial Executives International (FEI), the leading professional association for CFOs and other senior financial executives, has announced that Gladwyne Software Surety (www.itsurety.com), a provider of risk management services that enable financial executives to insure IT investments, has joined the FEI Associate Partners Program. As partners, Gladwyne and FEI are planning several strategic, co-branded initiatives centered around educating corporate financial executives on how to best ensure the success of their IT project investments.

According to Philip B. Livingston, FEI president and CEO, "FEI looks forward to leveraging Gladwyne's expertise in ensuring the success of technology investments. IT challenges are a top concern of finance executives, regardless of industry or company size."

As an Associate Partner, Gladwyne will be involved in FEI's national program that includes conferences, publications, educational seminars, Web forums, chapter-level meetings, and co-branded survey opportunities. Gladwyne will also equip the FEI Web site with an online self-assessment tool and offer complimentary, half-day IT project assessments for qualified FEI members with one of Gladwyne's subject matter experts in e-business, enterprise resource planning or customer relationship management.

"We are pleased to be affiliated with FEI, a respected organization with a top-notch membership base of leading financial executives," added Dan Brennan, Gladwyne president and COO. "As FEI members are responsible for overseeing the financial health of their companies, we expect them to be very receptive to our program of increasing financial control and accountability of IT projects - something that has not been adequately addressed in the marketplace and is long overdue," added Mort Goldman, Gladwyne CEO.

About FEI
Financial Executives International (FEI) is the leading advocate for the views of corporate financial management. Its 15,000 members hold policy-making positions as chief financial officers, treasurers, and controllers. FEI enhances member professional development through peer networking, career planning services, conferences, publications, and special reports and research. Members participate in the activities of 86 chapters, 75 of which are in the United States and 11 in Canada. For more information about FEI, visit www.fei.org.

About Gladwyne
Gladwyne Software Surety, based in King of Prussia, Pennsylvania, provides risk management services that enable financial executives to insure IT investments. Gladwyne uses the Missouri Method®, the Company's proprietary methodology for identifying and managing IT project risk. Gladwyne ensures the success of technology implementations by providing clients with an objective, third party assessment, ongoing project audit, and the only insurance-backed guaranty for IT project implementations in the market. More information about Gladwyne is available online at www.fortera.com.