August 2004

Madison Park Group is pleased to announce the sale of Transworld Information Systems to Teledata Informatics Ltd. Madison Park Group acted as Transworld's exclusive financial advisor in pursuing a sale of the Company.

Transworld was founded in 1989 and is an information technology services firm with offices in Silicon Valley and New Jersey. The Company's 150 professionals are involved in providing Fortune 500 companies such as Caterpillar, Dow Chemicals, Honeywell, Intel, Nortel, SBC Communications and UPS with customer relationship management, enterprise resource planning, enterprise application integration and business intelligencerelated systems integration, custom software development and maintenance services. Teledata is a publicly listed IT services company headquartered in Chennai, India, and White Plains, New York.

This is Madison Park Group's fourth M&A advisory transaction during 2004 and represents the firm's growing presence as the advisor of choice for founders and investors looking at selling their businesses and portfolio companies.

With offices in New York, Connecticut, Los Angeles and San Francisco, Madison Park Group is an investment banking firm focused on advising enterprise software and technology-driven business services companies on equity private placement and M&A transactions. The firm's senior partners have been involved in executing over $30 billion in transactions for clients across a range of sectors.