BPS Strengthens Leadership Team, Bolsters U.S. Presence with NYC Office.

TORONTO -- Business Propulsion Systems Inc. (BPS), a leading provider of compliance process execution solutions, announced that Hugh Molyneux has been appointed vice president of business development and Tim Hudson has been named vice president of U.S. sales. These additions to the BPS senior management team will help spearhead the company's further expansion into the U.S. market.

Specializing in market development for BPS, Hugh Molyneux brings more than 15 years of experience selling enterprise level software solutions to Fortune 500 companies around the world. In his new role, he is responsible for managing and developing channel relationships as well as Canadian and international sales initiatives. Hudson, who brings a proven track record in sales in the Financial Technology (FinTech) market, is based in BPS's New York office, where he will play a key role in client acquisition.

"The business development experience and deep knowledge of the North American market that both Hugh and Tim bring to BPS will be essential to our continued success," said CEO Mark Opausky. "Hugh's channel relationship expertise and international focus, combined with Tim's understanding and proximity to our U.S. client base, will help not only to strengthen our management team, but also expand our presence across the region."

Prior to joining BPS, Molyneux was a founding partner of Caribou Systems Corporation, which manufactures enterprise-level environmental management information systems for fortune 500 companies. In that role, he was responsible for sales across North America; under his leadership, sales grew more than 100 percent per annum over three years.

Before Hudson joined BPS, he served as a senior vice president at Algorithmic where he was responsible for all aspects of sales and business development in North America for Algo Capital Management (formerly Fitch Risk). Prior to that, he was a senior sales executive based in New York for Summit Systems, an enterprise wide trading and risk system provider.

"Having worked closely with senior level executives at global companies for nearly two decades, I know that finding the right compliance solution is a key issue that keeps the C-suite up at night," said Molyneux. "I am thrilled to be helping bring the BPS solution to organizations that recognize the role that technology can play in delivering value from compliance back to the business."

"Like Hugh, I have seen the demand for effective compliance solutions increase exponentially in the wake of SOX and other regulations," said Hudson. "Working at the center of the financial services industry, in New York, I look forward to helping BPS continue its steep trajectory of growth."

BPS has recently opened offices in the heart of New York City, in Rockefeller Plaza. Currently experiencing explosive growth, with revenues increasing 700 percent from 2004 to 2005, the company is planning for continued success in the U.S. and other markets worldwide.

About BPS

Business Propulsion Systems Inc. (BPS) is a privately held company that is leading the way in compliance process planning and execution for Fortune 500 reporting issuers and global financial services institutions. BPS combines robust, flexible, and extensible technology with powerful planning, collaboration and workflow capabilities to drive comprehensive global processes where risk and risk mitigation is key. BPS, headquartered in Toronto, Ontario, supports the world's leading organizations in compliance and other complex process planning and execution solutions.

For more information about BPS, visit www.bpsserver.com.