Strategic Partnership Designed to Speed Delivery of Automated Compliance for Financial Services Industry

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Cardinal Solutions Group, a leading eBusiness services firm serving Fortune 1000 companies and Protegent, Inc., a leading provider of compliance software, today announced a strategic partnership that is intended to help speed the successful implementation of ProtegentÂ?s rapid response compliance solutions.

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October 12, 2004 – Cardinal Solutions Group, a leading eBusiness services firm serving Fortune 1000 companies and Protegent, Inc., a leading provider of compliance software, today announced a strategic partnership that is intended to help speed the successful implementation of Protegent’s rapid response compliance solutions.

“The synergies between our two companies make this an exciting venture for Cardinal Solutions,” said Kelly Conway, president of Cardinal Solutions Group. “We have first hand experience in the power of Protegent’s applications and we look forward to helping their clients speed the implementation process and thus the resulting benefits.”

“Cardinal’s domain expertise in the financial services market and, more importantly, their track record in application implementations, makes this a perfect partnership,“ said David Tilkin, CEO of Protegent. “We fully expect this partnership to begin paying dividends immediately to Protegent, Cardinal and leading Financial Services organizations.”

Unlike many technology partnerships, this partnership is based upon the proven success of both companies to deliver enterprise level support to leading financial services organizations.

Protegent’s proven success is evident in the rapidly growing interest for their enterprise applications that improve the quality of investment advisory practices and the supervision of investment account activity.

Cardinal’s proven success and core competency in working with leading financial institutions includes the enterprise rollout of Protegent’s applications at Fifth Third Bank, a super-regional bank with $95.6 billion in assets, 5.7 million customers and over 2,000 brokers.

About Protegent, Inc.

Hingham, Massachusetts-based Protegent is the leading provider of enterprise applications to improve the quality of investment advisory practices and the supervision of investment account activity. Founded in 2000, Protegent’s unique platform technology drives a suite of customizable, pre-packaged software products…BrokerAudit, CoreAudit, AgentAudit, and EmployeeAudit…cited by CEOs, compliance officers, and industry analysts as “Best in Class” for functionality, price, scalability, and ease of implementation. Protegent’s clients include some of the world’s premier financial service institutions. For more information about Protegent, visit http://www.protegent.com .

About Cardinal Solutions Group

Cardinal Solutions Group provides eBusiness solutions to Fortune 1000 companies in a variety of industries including banking, insurance, financial services, and consumer retail. Cardinal is a full eBusiness service firm specializing in systems integration, web graphic design, application development, and systems and network infrastructure. Cardinal’s growing list of prestigious customers include, American Financial Group, Fifth Third Bank, and Great American Insurance, to name a few. For more information about Cardinal Solutions, visit http://www.cardinalsolutions.com .

Media Contacts:

Dan Dyer

Cardinal Solutions Group

Phone : 513-478-7818

E-mail: ddyer@cardinalsolutions.com         

Claudia Dillon

Protegent

Phone : 781-749-4488    

E-mail: cdillon@protegent.com

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