Former top EMC executive joins SPHINX Consulting Advisory Board

Geneva, Switzerland May, 19 2003 - Sphinx Consulting, a Swiss financial solutions provider today announced that Rick Wojcik has been elected to its Advisory Board of Directors.

Rick Wojcik worked for EMC Corporation (NYSE:EMC) from 1985 to 2002 where he served in a variety of senior executive positions. From January 2000 to July 2002, Rick was Vice President of Channel Sales EMEA, in charge of driving the revenue opportunities through system integrators, independent software vendors, OEMs, value added resellers and distributors. In 1998-99, Rick held the position of Vice President of Sales EMEA for EMC, where he was responsible for all sales and operations for Europe, Middle East, and Africa driving revenues from $800 million to $1.3 billion. Prior to that, he held various management positions for the Company in Asia and Europe.

Rick is a storage industry veteran with over 17 years of senior executive experience with an industry leader. We are excited to have a person of Ricks caliber join our Advisory Board. Ricks strong international experience will be in demand from several of our clients. In todays ultra-competitive business environments, businesses need to squeeze the most value they can from existing resources. Rick is an operational specialist and his insights will be invaluable. We are delighted to welcome him on board." said Nicholas Keller, President of the Advisory Board.

I am excited to be joining such an dynamic company," said Rick Wojcik. As Sphinx Consulting continues to provide high quality advice and counsel to its clients, I look forward to making major contributions on several fronts."

About Sphinx Consulting
Sphinx Consulting is a complete financial services solutions provider. The company was established as a Swiss corporation in Geneva in 1998. Sphinx provides a full array of tax, fiduciary, accounting, domiciliation, asset management, contract marketing, representation and capital raising services. The partners have over 100 combined years of experience in these sectors of activity. For more information please visit the corporate website at www.sphinxconsulting.ch or contact us in Geneva on +(41) 22 703 4680.