September 17, 2004

Offshore Outsourcing Strategy is Paying Off as the US Leading Tax Advisory Firm Goes Offshore with SolovatSoft.

San Bruno, CA - September 17, 2004--SolovatSoft, a leading provider of IT services, today announced that Riveting Media chose SolovatSoft as an offshore outsourcing partner to continue development and maintenance its Software Development Platform with an extension of the original trail 6-month outsourcing agreement.

Under the terms of the agreement, SolovatSoft will develop and maintain Riveting Media's entire suite of state of the art applications and technologies. The Online Tax Advisory Portal that are to be developed will offer access to a wealth of accounting and tax advisory information and services including news, legislation, technical information, events, and financial information.

"Attention to detail, a strong work ethic, and a vast understanding of the multitude of technologies is why we chose SolovatSoft for the CEC Financial Group Web portal development. I look forward to working with them on upcoming projects," said Jeff Worley, President of Riveting Media.

About SolovatSoft:
SolovatSoft, helps clients to improve their business operations and IT effectiveness by delivering a broad range of business consulting and outsourcing services designed to achieve near-term and sustainable business benefit. Specifically, SolovatSoft focuses on highly synergistic service offerings, including: Application Development & Integration, Application Outsourcing, and Maintenance.
SolovatSoft believes that business and IT improvements are best realized by streamlining and optimizing business and IT processes, implementing rigorous management disciplines, and fostering a culture of accountability through meaningful performance metrics. SolovatSoft delivers its services through an integrated network of branch offices in North America and Russia, and via ISO 9001-certified software engineering processes.
Information on SolovatSoft is available on the Internet at www.SolovatSoft.com.

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