SOURCE: SLM Holdings, Inc.

May 20, 2008 09:54 ET

SLM Holdings Appoints George Cotsonas as National Sales Manager and Director of Sales

Brings Extensive Sales and Industry Experience to Position

WOODBURY, NY--(Marketwire - May 20, 2008) - SLM Holdings, Inc. (OTCBB: SMHI) (http://www.slmbiz.com), a financial software company that specializes in developing products and solutions designed to optimize data management and enhance client support for securities brokers and financial advisors, appointed George Cotsonas, formally from Sage Software, to the new position of National Sales Manager and Director of Sales for the Company.

Mr. Cotsonas, [AGE], joins SLM with twenty years' experience in sales positions, most of which were in the financial services industry. Most recently, he was the National Sales Manager for Sage Software where he worked with territory managers to secure large revenue sales for ACT! For Financial Professionals (AFFP) Contact Management/CRM solution. AFFP is one of the products offered by SLM Holdings.

Mr. Cotsonas has significant experience selling enterprise software to Deutsche Bank, Chase Bank, Prudential Securities, Smith Barney, and other leading financial institutions. From 2002 to 2007, he was Account Executive at Document Sciences, a company that markets content management systems to the insurance and financial services industries. From 2000 to 2002, Mr. Cotsonas was a Financial Services District Manager for FileNET Corporation where he restructured the Financial Services District business unit towards higher end solutions, which generated $25 million. FileNET is an industry leader in imaging, content management and workflow. Other experience includes serving as District Manager at Sterling Software, where he exceeded sales targets, and Senior Sales Representative at Roll Systems, Inc., where he was the first salesman and one of five executives who founded the company. Mr. Cotsonas has a long history of far exceeding sales targets.

"We are very excited for George to join the SLM team," commented Jason Bishara, Chief Executive Officer of SLM Holdings. "George will be invaluable to SLM because of his extensive experience at Sage and knowledge of AFFP. Due to the recent success of our marketing efforts and substantial sales pipeline, George's expertise and background will contribute to a high percentage of sales being closed. This is an exciting time for SLM and we look forward to moving ahead with George and driving our sales program."

Mr. Cotsonas said, "Having sales experience across the financial services industry, I am looking forward to working with SLM to expand sales of the ACT! For Financial Professionals solution. I believe there is a large unmet need for the product within the financial community and am pleased to be joining SLM and look forward to working with the team and participating in the company's growth."

About SLM Holdings, Inc.

SLM Holdings, Inc. (OTCBB: SMHI) (www.slmbiz.com) is a software company that specializes in Customer Relationship Management (CRM) solutions for the financial services industry by leveraging today's latest applications and through the development of products and technologies. The products and services that are offered are intended to lower financial professional's costs and increase productivity by optimizing data and time management, as well as provide industry compliance tools such as Federal Do Not Call List (DNC) and internal DNC list compliance. Recently, SLM joined forces with VerticalFalls Software Inc., a Mid-Atlantic producer and distributor of desktop-based software and acquired certain assets of the Company. VerticalFalls' primary offering is turn key solutions for contact and business management. SLM has installed solutions on over seventeen thousand desktops including users at Wachovia, UBS, Primerica, Smith Barney, Merrill Lynch, SunTrust, and others. Other products being offered include Gazoota.com, a social networking tool and an online database of high-net worth leads for Financial Professionals, as well as the proprietary "Broker's e-Vantage" system (TBeV),a web-based prospecting tool.

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding our business strategy and development plans, plans for entering into new businesses, anticipated sources and uses of funds and other statements regarding our plans, objectives, expectations and intentions that are not historical facts. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this press release. These risks and uncertainties are described in greater detail in the reports that we file with the Securities and Exchange Commission. Our actual results, performance or achievements may vary materially from those expressed or implied in any forward-looking statements. All forward-looking statements reflect our beliefs and expectations as of the date of this press release and should not be relied upon as representing our views as of any subsequent date. While we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    The Investor Relations Group
    Investor Relations:
    Adam Holdsworth
    Rachel Colgate
    Erica Ruderman
    212-825-3210

    or

    Media Relations:
    Susan Morgenbesser
    212-825-3210