Press Releases

Envision Financial Systems Engages Services of Stradley Ronon

September 15, 2003 (Tustin, CA) — Envision Financial Systems, a leading provider of software solutions to the institutional and mutual fund industry, today announced they have engaged Stradley Ronon to provide legal counsel on mutual fund issues.

In making the announcement, Satnam Gambhir, President of Envision, said, “It’s imperative for software companies to address the complex legal issues and how they affect the investment company industry. Our relationship with Stradley Ronon means we can react quickly and strategically to new regulations and tax laws.”

Stradley Ronon investment management lawyers represent more than 175 investment companies, along with their advisers, managers, administrators, and underwriters. Their knowledge of the law governing investment management dates back to 1928 with their involvement in the formation of one of the nation’s first mutual funds. Stradley’s monitoring allows Envision to be notified immediately of new regulations and tax laws.

“We are pleased to have engaged a firm who focus on the compliance areas of interest to our mutual fund clients.” said Tom Wiedecker, Chief Operating Officer of Envision. “This relationship will ensure that all tax and compliance reporting issues receive the analysis and review that can only be provided by tax and legal professionals.”

Bruce Leto, Chair of Stradley Ronon’s Investment Management Group states, “We look forward to working with Envision, a company that shares our philosophy and dedication to client service.”

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 satellite operations in Owings Mills, Maryland and Bangalore, India.

About Stradley Ronon

Based in Philadelphia, the full service law firm of Stradley Ronon Stevens & Young, LLP bases its client representation on a simple premise: business issues deserve business solutions. The firm has over 140 lawyers and five offices located in Philadelphia and Malvern, PA, Cherry Hill, NJ, Wilmington, DE, and Washington, D.C. Stradley Ronon is the only Eastern Pennsylvania member of Meritas the world’s largest affiliation of independent commercial law firms. To learn more about Stradley Ronon visit its web site at www.stradley.com.

###

Company Contact:

Envision Financial Systems
Edward Yang
edward.yang@enfs.com
(714) 247-0030, ext 124

Media Contact:

Paiz Public Relations
Jill Paiz-Bourque
jill@paiz.com
(415) 538-8660 ext. 102