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Fincentric Appoints Robert Nygren, New President and CEO



Vancouver, BC, July 7, 2005 – Fincentric Corporation today announced the appointment of Robert Nygren to the position of President and CEO. Previously, Nygren was Fincentric’s Vice President of Administration and Legal. Nygren succeeds Alice Laberge, who resigned at the end of June to pursue personal interests.

“The Board is pleased with the continuity that Robert’s appointment will provide”, said Robin Louis, Chairman of Fincentric’s Board of Directors. “Robert’s sound understanding of Fincentric’s customer base coupled with his business management skills and drive will greatly contribute to the growth of the company.”

“Having worked with Robert for the past four years, I am confident that the company is positioned for success and the interests of Fincentric’s customers will continue to be well served,” commented Alice Laberge. “Fincentric has a tremendous group of employees, who have the expertise and creativity to continue to deliver innovative solutions for financial institutions.”

Prior to joining Fincentric in 2001, Nygren was Vice President Business Development and General Counsel at Voci Speech, a speech recognition ASP organization based in San Jose, California. He was responsible for negotiating key partner alliances and customer agreements, and oversaw finance and administration for the venture-backed startup. Previous to this, Nygren held a senior management position at Lordco Auto Parts based in British Columbia, where he handled all legal affairs and real estate development.

Nygren holds Bachelor of Arts and Bachelor of Law degrees from the University of Western Ontario and has been called to the bars in Ontario, British Columbia and California. He currently serves on the Board of Directors of Fincentric Corporation and previously served on the Board of Directors of the Canadian Corporate Counsel Association.

About Fincentric Corporation
Fincentric Corporation is a leading provider of core retail banking and customer value management software to the global financial services industry. Fincentric’s Wealthview™ family of integrated products enables financial institutions to leverage customer knowledge to deliver personalized service and product offers, and develop profitable customer relationships. Fincentric has strategic alliances with TELUS, Microsoft and Intel, and supports financial institutions in over 25 countries.

Media Contacts:

Shella Evangelista
Fincentric
Tel: (604) 214-5710