SOURCE: buySAFE

October 31, 2005 09:00 ET

buySAFE Adds Mary Dridi as CFO

Former webMethods' CFO Joins Company to Help Manage Fast-Paced Growth

ARLINGTON, VA -- (MARKET WIRE) -- October 31, 2005 -- buySAFE, Inc. (www.buysafe.com), a company that bonds merchants so online shoppers know who to trust, today announced the appointment of Mary Dridi to the position of Chief Financial Officer. Dridi will be responsible for overseeing the finance and administration functions of the company.

"Having someone of Mary's caliber join our organization is a true testament to our business model and the potential our service offerings have on the e-commerce market," said Jeff Grass, CEO, buySAFE. "We are experiencing a time of exponential growth in all areas of our business, and we anticipate that Mary's industry knowledge and business acumen can contribute significantly to our success. Her broad financial expertise and depth of experience with other fast-growing companies will truly be an asset as we take buySAFE to the next level."

"I am extremely excited join buySAFE at this significant time in the company's development," said Mary Dridi, CFO, buySAFE. "I see the same potential for growth and success for buySAFE as I did for webMethods seven years ago. The company is on the cusp of achieving great milestones in the e-commerce arena, and I'm thrilled to be a part of it. buySAFE has a dynamic, energetic executive team, and I'm confident the company will continue to meet and exceed expectations."

Prior to joining buySAFE, Dridi served as CFO, executive vice president, and treasurer of webMethods, a leading provider of business integration and optimization software. During her seven-year tenure at webMethods, Dridi had responsibility for all aspects of finance, including accounting, budgeting and planning, and investor relations as well as overseeing certain administrative functions. Dridi played a significant role in webMethods' IPO in February 2000, which was one of the most successful IPOs in high-tech history, and she helped manage the company's rapid growth to $200 million in revenue.

Prior to joining webMethods, Dridi was vice president of finance for SRA International, Inc., where she managed the company's growth from $49 million to more than $200 million during her seven-year tenure. Previously at KPMG, she provided audit and other business services to companies in a variety of industries and also consulted on several IPO initiatives and the private placement of equity.

In June of 2002, Dridi was named CFO of the Year by the Northern Virginia Technology Council (NVTC), the Maryland Tech Council and the DC Tech Council. She has served on Virginia Governor Mark Warner's Advisory Council on Revenue Estimates, the Advisory Board for the George Mason University School of Management, and is active in local charities and organizations.

Dridi holds a B.A. in Commerce and Accounting from the University of Virginia's McIntyre School of Commerce.

ABOUT buySAFE

buySAFE, Inc. helps to create a safe and stress-free online shopping environment through Bonded Shopping™ -- the only program that qualifies merchants, identifies reputable online businesses with the buySAFE Seal, and uses surety bonds to provide protection for individual buyers from online transaction risks. buySAFE also benefits online merchants by signaling they are a reputable and trustworthy seller, thereby increasing profit opportunities. Items currently bonded with buySAFE are on item listings on eBay, Overstock.com Auctions and Tias.com. buySAFE is headquartered in Arlington, Virginia.

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