SOURCE: MaintenanceNet, Inc.

August 28, 2007 11:00 ET

MaintenanceNet Strengthens Management Team With Addition of Daryl Fink as VP Operations

Former Merrill Lynch Executive Brings Extensive Operations Experience to Fast-Growing Software as a Service Firm

CARLSBAD, CA--(Marketwire - August 28, 2007) - MaintenanceNet, Inc., the leading provider of maintenance contract management services, today announced the appointment of Daryl Fink to the new position of vice president of operations. A seasoned executive whose experience includes work with the nation's leading financial services institutions including Merrill Lynch, Fink rounds out a core group of executives who have been with privately-held MaintenanceNet since its founding in 2001.

"We're fortunate to have an executive of Daryl's caliber join our management team," said Scott Herron, CEO of MaintenanceNet. "His strengths across all areas of business, along with his excellent leadership skills, will guide us through the high growth that we are forecasting for the months and years ahead."

With a background that spans international delivery, strategic operations, modeling, business performance management and activity-based costing, Fink brings expertise in all aspects of operations to MaintenanceNet. Prior to joining the company, he was CEO of Full 360, a global business performance management firm, where he counseled executives at the top five Fortune 1000 financial services institutions.

At Merrill Lynch, from 2001 to 2004, Fink served as vice president of strategic enterprises, with responsibility for implementing technology solutions to sustain change in management philosophies and operational excellence. During his tenure, Fink participated in the Global Management Development Program, which recognizes the top five percent of high performers within the Merrill Lynch management team.

Recently, MaintenanceNet announced a new company milestone with the management of more than $2 billion in maintenance contracts in the second quarter of 2007 alone through its portal-based, customer data integration (CDI)-driven platform and services. During the first half of 2007, MaintenanceNet also secured a number of key customer wins including several of the world's leading technology manufacturers.

About MaintenanceNet

MaintenanceNet is a leading provider of maintenance contract management services. The company's innovative web-based products and comprehensive data mining, aggregation and master data management services allow technology vendors to maximize service revenue opportunities while improving customer satisfaction and overall operational efficiencies. By connecting technology vendors with OEMs, channel partners and end-clients, MaintenanceNet facilitates the management, marketing and sales of maintenance services. For more information, contact (866) 699-7212 or visit www.maintenancenet.com.

MaintenanceNet is a registered trademark of MaintenanceNet Incorporated.

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