SOURCE: Compushare, Inc.

January 16, 2008 15:43 ET

Compushare Recaps 2007 as Another Year of Record Growth and Profitability

SOUTH COAST METRO, CA--(Marketwire - January 16, 2008) - Compushare, Inc. of Orange County, California announced today another year of record growth and profitability for 2007. Founded in 1995, Compushare provides Information Technology security and compliance solutions to community financial institution clients across the United States.

Financial highlights for 2007 included a 32% increase in professional services revenue from the previous fiscal year and a 29% increase to service and operational efficiencies. Compushare now successfully serves 776 clients, up from 575 in 2006, within eight major communities including: Southern California, Northern California, Pacific North-West, Las Vegas, Dallas-Fort Worth Metroplex, Greater Houston, Greater Chicago-Land and the Mid-Atlantic. Compushare created 30 new positions, 40% of which were fulfilled through internal promotion.

"The growth and successes that we've enjoyed year-over-year are testament to the great team that drives us forward and upward every day," said Romir Bosu, President and CEO of Compushare. "It is the quality and dedication of our people that has established us as the leading provider in the great communities which we serve."

The Technology Management Center (TMC) first opened its doors in December of 2006 in Dallas, Texas. Within its first year in operation, the TMC has exhibited stellar growth in terms of number of staff and revenues from key Managed Services offerings which are centralized out of the TMC operations hub. The TMC facility is currently undergoing a physical expansion to accommodate its swelling ranks.

Other highlights included the implementation of the Technology Management Group headed by JD Phelps, Director of Technology Management. Phelps adopted his new responsibilities in October of 2007 from his previous role as Consulting Manager for the Northern California client community. He is among 12 others internally promoted from within existing Compushare ranks in the past year.

"We're excited with the development of the Technology Management Group and the invaluable benefits our clients will receive from the new services and support we can now offer," said Phelps. "We are currently beta testing the program with a handful of clients across the country and will be ready to officially launch to a select group of clients towards the end of Q1 2008."

Notably, each internal department at Compushare successfully transitioned from six disparate information systems to one integrated CRM, Sales Management and Accounting system.

"The implementation of a single system allows for complete visibility across all aspects of the client -- enabling better account management and ultimately resulting in an improved client experience," said Tom McInerney, Vice President of Client Solutions. "Our clients also enjoy new benefits that make their lives just a little easier [such as electronic bill pay and online case management]."

About Compushare

Compushare, Inc., a California Corporation headquartered in Orange County, is a Financial Technology Management company that enables community financial institutions to focus on their operations, franchise value and safety. Their expertise and CIOTHiNK! business approach toward technology performance and compliance assures strategic success. Founded in 1995, Compushare provides technology services and compliance services on an outsourced basis that address business concerns in Strategy, Safety, Soundness and Support. For more information, visit www.compushare.com.

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