BlueSuit, Inc. Announces Bob Vosburgh as President and CEO.

Business Editors

CHICAGO--(BUSINESS WIRE)--July 23, 2001

Board cites Vosburgh's achievements with subsidiary

BlueSuit, Inc., a national provider of brokerage and related financial services to community financial institutions, announced that Bob Vosburgh has been named president and CEO.

In his new role, Vosburgh's focus is to enable financial institution clients to extend their brand with competitively priced complementary online offerings, and to garner customers at an attractive cost of acquisition.

"The Board's appointment of Bob reflects BlueSuit's continued commitment to adding shareholder value via an aggressive growth strategy," said Bruce Birchfield, chairman of BlueSuit, Inc. Board of Directors. "BlueSuit is moving steadily toward its goal of building a high performance management organization. We now have an even stronger combination of management, technology, products and marketing in place to sustain our rapid growth."

Prior to assuming the role of President and CEO of BlueSuit, Vosburgh was the CEO of Online Brokerage Solutions, a BlueSuit subsidiary. Prior to OBS, Vosburgh was chief operating officer of a regional brokerage firm that grew from $60 million to $200 million in revenues, and from 200 to 1,000 employees in 15 months. In this position, Vosburgh built a highly-motivated team that propelled the brokerage firm to national recognition.

Vosburgh served as senior vice president for the Twin Cities area for Wells Fargo Private Client Services, managing sales for the brokerage, portfolio management, trust and private banking operations. In addition, Vosburgh led Norwest's Investments & Insurance merger team and held the position of senior vice president of Strategic Programs for the Investments and Insurance Group. Before Norwest, he served in the U.S. Air Force as a fighter pilot and top gun in multiple aircraft. He also taught as an Assistant Professor of Aeronautical Engineering at the U.S. Air Force Academy.

A graduate from Iowa State, Vosburgh earned a Bachelor of Science degree in Aerospace Engineering. Vosburgh also holds a Master of Science in Astronautical Engineering and completed Ph.D. coursework in Astronautical Engineering from the University of Tennessee.

About BlueSuit, Inc.

Founded in 2000, BlueSuit, Inc. partners with community financial institutions to offer brokerage and related financial services online. Through its agreement with Star Systems(R) (STAR)(SM) and its acquisition of Minneapolis-based Online Brokerage Solutions, Inc. (OBS), BlueSuit enables financial institutions to extend their brand(s) to attract, retain and optimize customer relationships without making a significant investment in infrastructure, technology or marketing.

BlueSuit markets this offering both directly and through value-added resellers (VARs). For more information about BlueSuit VARs, contact Bob Vosburgh at [phone].

To learn more about implementing an online brokerage solution and additional financial solutions through the STAR Financial Network (STARfn), contact Ron Commins at [phone] or at [e-mail]. For more information about BlueSuit, Inc. visit the company's Web site at www.bluesuit.com.

Forward Looking Statements: The matters set forth in this public dissemination, including, but not limited to, management's expectations regarding future growth and profitability, are forward-looking statements within the context of the Private Securities Litigation Reform Act of 1995. These statements involve certain risks and uncertainties that could cause actual results to differ materially from such statements. These potential risks and uncertainties include, among others, the volatile nature of financial markets and the securities industry, rapidly growing competition in the financial services industry, dependence on and competition for experienced personnel, successful implementation of the company's long-term strategy and federal and state regulatory and legislative changes.