McCamish Systems Announces Executive Appointments

Carol Kay (Burns) Black, Senior Vice President and Chief Financial Officer

Michael A. Betts, Senior Vice President and Chief Operations Officer

ATLANTA--(BUSINESS WIRE)--January 14, 2003--McCamish Systems is pleased to announce the promotions of Carol Kay (Burns) Black and Michael A. Betts. Ms. Black has been appointed Senior Vice President and Chief Financial Officer and Mr. Betts has been named Senior Vice President and Chief Operations Officer, effective January 1, 2003.

"McCamish Systems is very fortunate to have seasoned professionals like Kay and Mike running such important aspects of our business," said J. Gordon Beckham, Jr., President and CEO of McCamish Systems, L.L.C. "Both of them are deeply passionate about McCamish's relentless pursuit to deliver products and services that exceed our clients' expectations and both are absolutely committed to McCamish's culture of excellence."

"It is a pleasure to work with such a talented group of people. Our culture at McCamish is unique and our commitment to give the highest quality service to our clients is part of what makes it such an exciting place to be. After many years in the insurance industry, I have come to truly appreciate the opportunity to be a part of the long-term success of a company that values its associates and its clients," said Kay Black.

Ms. Black joined McCamish Systems as Vice President Finance in 1998 and is responsible for all financial actions as well as contract management and negotiation. Her combined skills as attorney and CPA serve McCamish well. Prior to her tenure at McCamish, Ms. Black was Vice President and Southeast Regional Director of Finance and Administration with Alexander & Alexander, Inc. (now Aon Risk Services, Inc.) a global insurance brokerage firm.

Regarding his role at McCamish, Mike Betts said, "I joined the McCamish team believing that this young and growing company had everything going for them. During my time here, I have seen that McCamish Systems has top notch people, products and services, and a culture focused on excellence. In short, I made the right decision."

Mr. Betts is responsible for Business Process Outsourcing, Client Services and Production Administration. He joined McCamish in December, 2001, after 14 years with American General Financial Group in Houston. Most recently, he held the position of Senior Vice President of Enterprise Initiatives at American General directing the e-business, web technology and business process optimization.

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, that are scalable, feature rich and are flexible enough to be conveniently 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 (qualified and non-qualified), variable and fixed universal life, private placement products, and corporate and bank owned life insurance programs across a myriad of markets. VPAS® Benefit Plan Administration provides record keeping capabilities for deferred compensation and non-qualified benefit plans allowing online access for participants, plan sponsors and enrollment. All VPAS® products are Internet enabled, allowing clients, sponsors, brokers, agents and participants access to policy and plan information.

McCamish Systems is a privately held company based in Atlanta, Georgia. For more information about McCamish Systems, please contact our Sales & Marketing group at Solutions@McCamish.com or call 800-366-0819.

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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.