SOURCE: Santeon Group, Inc.

October 05, 2011 14:51 ET

Santeon Group, Inc. Announces Appointment of Mark Guirgis as Acting Chief Financial Officer

RESTON, VA--(Marketwire - Oct 5, 2011) - Santeon Group, Inc. (OTCBB: SANT) ("Santeon") today announced the appointment of Mark Guirgis as Acting Chief Financial Officer effective September 1, 2011.

Mr. Guirgis brings to Santeon more than 22 years' experience in finance, treasury, M&A and capital markets transactions. Most recently, Mr. Guirgis served as Treasurer and Vice President, Planning & Analysis at Primus Telecommunications Group, Incorporated ("Primus"), a $1.3 billon facilities-based provider of integrated communications services, where he spent more than 12 years. During his tenure at Primus, Mr. Guirgis helped the company grow from $400 million in revenues to more than $1.3 billion in revenues in less than 4 years through a combination of acquisitions and organic growth. In addition, Mr. Guirgis was part of the core management team that raised more than $2 billion in debt and equity, in both the public and private capital markets, over twelve years. He was responsible for a number of operational and strategic finance projects that were critical to Primus' success. Prior to his time at Primus, he worked at MCI Communications Corp. for six years as Manager of Consolidations Planning & Financial Analysis. Mr. Guirgis has a Master of Business Administration in Finance and Investments from The George Washington University in Washington, DC and a Bachelor's degree in Economics from The State University of New York at Stony Brook.

"We are very pleased with the addition of Mark to our core management team. The combination of Mark's experience in corporate finance and capital markets coupled with his strong business acumen will help Santeon to realize its growth potential and execute on its strategy to become a major player in software development, eBenefits Network outsourcing and Agile Services Providers for Fortune 500 companies," said Dr. Ash Rofail, Chairman and Chief Executive Officer of Santeon. "Mr. Guirgis has been very instrumental in bringing our audit process to closure and ensuring that the company will be in compliance with all of its SEC filing before the end of the year."

About Santeon Group, Inc.
Santeon Group is a technology company Headquartered in Northern Virginia with offices strategically located in San Diego, Los Angeles, London, Cairo and Dubai. Santeon offers products and services in Healthcare, Energy, Media and Agile Development. Santeon Group's goal is to serve emerging markets by providing technically superior products and solutions while reducing the cost of ownership and deployment of these solutions through a strong channel partner and distribution model. For more information please visit the web site at http://www.santeon.com/.

Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about SANT's future business and financial results, refer to SANT's Annual Report on Form 10-K and Form 10-Q. SANT undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.

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