Corporate Overview
www.correctnet.com

Correctnet provides enterprise collaboration and data management solutions to the financial industry. Since 1996, our staff of technology, consulting, and client services professionals have focused on the unique challenges of the mass-deploying web-based solutions to financial service professionals.

Our unique technology is provided as an outsourced service to over 1,000 asset management firms including prime brokers, fund administrators, investment advisors, hedge funds, mutual funds, private equity, foundations, and endowments. As a result, CorrectNet, Inc is a leader in global data delivery and reporting solutions for asset managers; over $320 billion in assets are serviced with our platform.

Products
InfiPOINTTM- web based reporting solution - Hedge Fund, Fund of Funds, Private Equity Funds

Website development and ASP services – Retail Brokerage, Institutional Brokerage (sell-side)

PartnerLink – Morgan Stanley Prime Broker

Areas of Expertise
Prime Brokerage
Retail and Institutional Wealth Management Advisory Channels
Third Party Hedge Fund Administrators

DealBuilders Role - Strategy Before Execution
During career tenure as sales executive, successfully filled the Correctnet sales pipeline with qualified prospects in three distinct vertical market segments; prime brokerage, retail and institutional brokerage, and back office services.

Dealbuilders built the target prospect call list for each Correctnet business segment focus, and made contact with those individuals primarily responsible for managing advisory services, sales, and recruiting for retail brokerage. Sales calls also were made to key executives of prime brokerage who oversaw operations for their clearing and settlement services.

Following the first quarter of engagement, focus of attention primarily turned to hedge fund, third party administrators wherein Dealbuilders called upon the executives and managing directors of back office services and operations for third party administrators domiciled in the US, Bermuda, Grand Caymans, Isle of Mann, Ireland, and Zurich. Dealbuilders successfully positioned Correctnet as a means to providing further transparency to fund activity and tax report data without revealing the priority trading positions of hedge fund managers, or General Partners.

In all cases meetings and conference calls were scheduled and coordinated in conjunction with the appropriate technical Correctnet resources that participated in each meeting scheduled. An individual account plan was developed for each qualified prospect, and regularly scheduled calls were scheduled to discuss and review each of the steps required to close new business for Correctnet. A master prospect report was created and forwarded to Correct sales management on a weekly basis.

Results
Over the course of a successful 6-month engagement, Dealbuilders sold into several large and medium sized retail brokerage firms throughout the United States. Prospect companies included LPL Financial, Charles Schwab (institutional), Allmerica Financial, Sun America, Pacific Life, Minnesota Life, Lincoln Financial, Vanguard, Wachovia Investments, and ING Barings Investments.

Dealbuilders also experienced sales success with primer brokers like Morgan Stanley, Neuberger & Berman, Bear Sterns, Goldman Sachs, and ABN AMRO.
As for Third Party Administrators, DB had a hand in successfully selling solutions to PPFC, Bank of Bermuda, SEI Investments. Prospect companies included Spear, Leeds, Kellogg, SS&C.

Announcements
26-AUG-2004
PFPC Announces One-Stop solution for European Investment Industry
PFPC Inc., a member of The PNC Financial Services Group, Inc. (NYSE: PNC), announced today that it now offers a middle-office suite of services for both traditional and alternative asset managers across Europe. Investment managers can take advantage of PFPC’s trade support and middle-office services as a stand-alone solution or as part of a comprehensive service that includes enhanced back-office capabilities. PFPC has been a leading provider of back-office services to the global investment industry for over 30 years. All services are integrated within the open, modular and flexible technology architecture of PFPC’s Global Enterprise PlatformSM (GEP). Technology solutions integrated into PFPC’s GEP include Advent Software, Inc.’s Geneva® solution, Beauchamp Financial Technology’s FundManager, CorrectNet’s infiPOINTTM and Koger Inc.’s NTAS.

07-JUN-2004
Bank of Bermuda Launches Advanced Investor Reporting Platform for Alternative Funds
(London — 7 June 2004) — The Global Fund Services (GFS) division of The Bank of Bermuda Limited (a member of the HSBC Group) today announces the launch of GFSInvestor - an advanced web-enabled investor reporting platform for alternative investment fund managers and their investors. Developed in collaboration with US-based CorrectNet, GFSInvestor offers an array of functionality and acts as an effective data information portal as part of GFS’s standard investor servicing package for fund managers.