COMMONWEALTH GROUP SELECTS
ENVISION FINANCIAL SYSTEMS' TRANSFER AGENT SYSTEM
PowerAgent™ To Provide Shareholder Accounting For Commonwealth Group Of Companies
October 6, 2004 (Tustin, CA)—Envision Financial Systems, a leading provider of software solutions to the mutual fund industry, today announced that Commonwealth Group has selected PowerAgent™ as its mutual fund transfer agency system.
In making the announcement, Satnam Gambhir, President of Envision, said, "We are excited to have Commonwealth join our growing family of clients. We look forward to providing them with our flexible and intuitive system that will scale with their future growth of innovative products.”
Commonwealth was looking for an open system that would provide them with the full features and functionality as they look to ramp up growth. Their previous system was a closed system that did not have the flexibility Commonwealth required.
John Pasco, III, Chairman of Commonwealth, said "We have been impressed with the quality of services Envision is providing for the mutual fund industry and look forward to their bringing the same high performance standards to serving shareholders of our World Funds group of mutual funds."
About Envision
Founded in 1994, Envision Financial Systems, Inc. is a leading provider of software solutions to the institutional and mutual fund asset management markets. Using an in-depth knowledge of the financial services industry and extensive experience in software development, they create leading-edge global systems that are intuitive, scalable, and easily adaptable. Their systems are based upon open standards, helping their clients compete in the ever-changing global environment. Envision’s headquarters are in Tustin, California, with offices in Owings Mills, Maryland and Bangalore, India. For more information visit www.enfs.com.
About Commonwealth
The Commonwealth Group of Companies and its subsidiaries provide Administrative, Accounting, Transfer Agency and Shareholder Services, Custody, Distribution, Marketing, Legal and Compliance services to the global fund industry. Commonwealth's World Funds, Inc. group of mutual funds includes CSI Equity fund (CSIIX), New Market Fund (AVMIX), Chase Growth Fund (CHASX), Sand Hill Portfolio Manager Fund (SHPMX), Satuit Capital Microcap Fund (SATMX), Chase Mid-Cap Growth Fund (CHAMX), Third Millennium Russia Fund (TMRFX), Vontobel Eastern European Equity Fund (VEEMX), Genomics Fund (GENEX) and CSI Fixed Income Fund (CSIDX).
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Company Contacts:
Edward Yang, Envision
at (714) 247-0030 ext. 124, edward.yang@enfs.com
Irving Straus for Commonwealth at (212) 570-2572, strauscorp@aol.com
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