SOURCE: Envision Financial Systems, Inc.

June 22, 2006 08:00 ET

Envision Financial Systems Expands World Headquarters to Irvine, California; Unveils Envision University

New Office in the Heart of Orange County's Financial and Technological District Will Host Training Facility for Fund Companies

TUSTIN, CA -- (MARKET WIRE) -- June 22, 2006 -- Envision Financial Systems, the award-winning software company for the financial industry, announced today plans to relocate its world corporate headquarters to downtown Irvine, California. The new headquarters will provide room for further growth in headcount as well as house the new Envision University training facilities to help fund companies with transfer agency and back office operations education.

Envision University will provide dedicated resources for the training of new clients, current clients and prospects. The environment will replicate an actual fund company shareholder servicing operations, featuring the PowerAgent transfer agency system, as well as surround systems such as workflow and imaging, interactive voice response units and compliance systems.

"The new Envision University is a natural extension of our desire to really place a strong emphasis on training," says Satnam Gambhir, President of Envision. "The fund industry is one of very particular knowledge, and we're fortunate that our staff has such extensive experience with fund companies. The new headquarters, along with our office in Owings Mills, Maryland, allows our clients to choose which coast is more convenient for them when they have training needs."

Home to the prestigious University of California Irvine, as well as headquarters for numerous Fortune 1000 companies, Irvine is known for its combination of successful urban planning, thriving business communities, high quality of life and strategic location. Found in the heart of Orange County, Irvine is located between Los Angeles and San Diego. The new Envision headquarters will be minutes away from John Wayne International Airport.

"We simply outgrew our previous offices and needed a larger workplace to not only accommodate our current employees but allow for future growth as well," added Mr. Gambhir. "The location is ideal for so many reasons, and we welcome fund companies to come by and see how we can assist them with their transfer agency needs."

The strong growth of Envision was recognized when it was named to Deloitte's Technology Fast 50 for Orange County for a second consecutive year in 2005, a ranking of the fastest growing technology firms in the region. Envision is also ranked in Software Magazine's Software 500, a survey of the top 500 software firms around the world.

Envision is projected to complete relocation efforts by the end of July.

About Envision Financial Systems

Founded in 1994, Envision Financial Systems, Inc. is a leading provider of software solutions to the mutual fund and financial services industry. Using an in-depth knowledge of the industry and extensive experience in software development, they create leading-edge global systems that are intuitive, scalable, and flexible. Their systems are based upon open standards, helping their clients compete in the ever-changing global environment. Envision's headquarters are in Irvine, California, with offices in Owings Mills, Maryland and Bangalore, India. For more information, visit www.enfs.com.

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