McCamish Systems Appoints David P. Kerford Vice President of Sales and Marketing

ATLANTA--(BUSINESS WIRE)--June 17, 2002--McCamish Systems is pleased to announce that David P. Kerford has been appointed Vice President of Sales and Marketing effective today. Mr. Kerford has responsibility for Sales and Marketing and to strategically develop and position the company.

"McCamish Systems has been very deliberate and conservative as we have developed our business," said J. Gordon Beckham, Jr., President and CEO of McCamish. "Our primary objective to date has been to build the requisite foundation that enables us to deliver superior service to our clients. By design, we have never had a seasoned professional leading our sales and marketing efforts, yet we are doing business with six of the largest ten life insurers in the country, among other marquee carriers. Given our success to date without a sales executive, I can't say how excited we are to have a person like Dave Kerford on board to help McCamish move to the next level. With his commitment to building long-term relationships in lieu of short-term deals, he fits our culture beautifully."

"I am very excited about joining McCamish Systems. I have been impressed with both the employees' deep industry experience as well as the leadership of the company. The fact that every client is willing to serve as a reference for McCamish is testimony to the quality of its products and services," said Dave Kerford. "The ethical standard to which McCamish adheres is the foundation of that level of quality and service, and I am thrilled to have the opportunity to serve McCamish Systems."

Mr. Kerford joins McCamish Systems after 20 plus years of experience in insurance. Of particular note, Mr. Kerford served as Senior Vice President of Cybertek and as Chief Operating Officer of the Leverage Group, formerly PMSC companies that have since been acquired by CSC. He led Cybertek's acquisition due diligence team and managed full business operations, including sales, professional services, product development, human resources and office management.

Mr. Kerford is a native of South Carolina and is a graduate of Clemson University. He has been active in several civic and community organizations such as Bear Valley Community Church and the Grapevine/Colleyville Independent School District in Texas.

McCamish Systems, L.L.C.

McCamish Systems' VPAS® (Variable Product Administration Systems) product family includes VPAS® Life and VPAS® Benefit Plan Administration as client/server based, relational database systems, which are scalable, feature rich and flexible enough to be customized to suit unique client requirements. McCamish provides its solutions in BPO (Business Process Outsourcing), Remote or License environments.

VPAS® Life supports administration of variable and fixed annuities, variable and fixed universal life, private placement products, and corporate- and bank-owned life insurance programs (COLI and BOLI). VPAS® Benefit Plan Administration provides record keeping capabilities for SERP, Split Dollar and other non-qualified benefit plans. All VPAS® products are Internet enabled, so that clients, sponsors, brokers, agents and participants have access to policy and plan information.

McCamish Systems is a privately held company based in Atlanta, Georgia.

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For more information about McCamish Systems, please contact our Sales & Marketing group at Solutions@McCamish.com or call 800.366.0819.