NewRiver Launches FundPOINT Desktop.

Business Editors

ANDOVER, Mass.--(BUSINESS WIRE)--June 2, 2004

Large National Broker-Dealer Selects New Point-of-Sale Tool to Arm

Financial Advisors with Accurate, Fully Auditable Mutual Fund

Processing and Trading Data

NewRiver(R), Inc., the leading expert in financial data technology, today unveiled FundPOINT Desktop(sm), the industry's first and only web-based point-of-sale tool designed to give financial advisors real-time access to the most compliant, fully auditable mutual fund processing rules sourced directly from the SEC's EDGAR system. In today's heated mutual fund regulatory environment, FundPOINT Desktop offers Compliance Grade(sm) data that assures point-of-sale reliability and reduces risk by providing real-time auditability. This tool allows brokerage firms to immediately address new regulations going into effect, such as changing breakpoint disclosure rules. It also allows advisors to quickly research complex prospectus rules and measurably increase everyday efficiencies. Organizations that have already selected FundPOINT Desktop include one of the industry's largest national broker-dealers.

"The SEC is moving full steam ahead to more tightly regulate the mutual fund industry, and keeping up with all the rules for all the funds a firm sells is a significant concern. Factor in that, on any given day, up to ten percent of funds sold in the U.S. have a document filed that could materially impact the information available about that fund, and compliance-based data becomes the critical consideration in identifying a solution," said Jim Wironen, executive managing director of sales and marketing for NewRiver. "FundPOINT Desktop delivers a solution to help improve and standardize advisor compliance now, without worrying about the quality and source of the data."

Based on NewRiver's patented technology solution, FundPOINT Desktop puts current mutual fund data and prospectuses at an advisors' fingertips through an easy-to-use, web-based tool that resides on their desktop system. FundPOINT Desktop provides over 200 individual data elements for every front-end loaded fund available in the United States - including Load Tables, Rights of Accumulation, Letters of Intent and NAV transfers, in addition to the account linking rules that dictate whether accounts can be advantageously linked. Through NewRiver's patent-pending AuditAnchors(sm) technology, NewRiver is also the only data solution provider capable of enabling advisors to immediately check any data provided by going directly to the exact location in the fund's prospectus or Statement of Additional Information (SAI). FundPOINT Desktop also offers a print-ready profile that summarizes current rules with a single page Compliance Fact Sheet for "on-the-go" advisor meetings outside of the office.

Availability:

NewRiver FundPOINT Desktop will be generally available in July 2004 on an annualized licensing basis. For additional questions or to request a demo, please call 1-800-888-4646 or email [e-mail].

NewRiver will be publicly demonstrating FundPOINT Desktop at next week's SIA Technology Management Conference, June 8-10, 2004 in New York City. For those in attendance, please visit booth number 4000. Additional details about the conference can be found online at www.sia.com/tmc2004/.

About NewRiver

NewRiver, Inc. is the leading expert in financial data technology that cost-effectively delivers the most reliable and customized financial information to investors and advisors. These technology solutions, coupled with NewRiver's innovative combination of financial expertise and patented processes, enable financial institutions and intermediaries to build and strengthen relationships with customers. NewRiver delivers bottom-line results by providing the most actionable information available and effectively streamlining processes that make it easier for investors and advisors to do business with institutions and intermediaries. NewRiver currently serves more than 100 top financial companies, including American Express, Great-West Life & Annuity Insurance Company, Charles Schwab & Co., E*TRADE, GE Financial, INVESCO, Merrill Lynch, MorganStanley, Lincoln Financial Group, UBS PaineWebber, Schoolhouse Capital, LLC, TD Waterhouse Group, Inc., and T. Rowe Price. NewRiver is headquartered in Andover, Massachusetts. For more information, visit www.newriver.com.