October 22, 2001

Carlsbad, California - October 22, 2001 - Objectiva Software Solutions, a leading software development services company, today announced its expansion into Northern California by opening a client service center in San Francisco.

Objectiva formalized its presence in San Francisco on September 1, 2001 by signing a strategic alliance with Castaway Technologies, a privately held, U.S.-based provider of management and technology consulting services and solutions. Jason Graziano, Co-Founder of Castaway, will transition to a fulltime position with Objectiva as Regional Director. Mr. Graziano will head Objectiva's San Francisco operations and will oversee and direct Objectiva's projects, activities and teams.

According to Douglas Winter, CEO of Objectiva, "Objectiva is committed to achieving complete local coverage to respond to strong demand for our services and San Francisco is certainly an area where we have found this to be the case." Winter added, "While this expansion was necessary to service our clients in Northern California, it also opens up many new business opportunities as many of the leading software, financial and retail companies are located there."

"Objectiva's expansion into the San Francisco market provides the company with an opportunity for growth in a dynamic and tech-savvy region," said Mr. Graziano. "I look forward to bringing Objectiva to market and enabling top-tier software development services to assist companies in moving their businesses forward and meeting their business objectives." Graziano added, "We are already engaged in a number of projects here and the time is right to strengthen our presence.

The San Francisco office will contribute to Objectiva's focus on securing a global position, executing leading-edge technology solutions and delivering premier results for its clients. In addition, the team will continue its aggressive recruitment initiatives in order to meet the growing demand.

 

About Objectiva Software Solutions
Objectiva Software Solutions is a privately held global software development services company, headquartered in Carlsbad, CA, with offices in Beijing, China. Objectiva provides its clients with experienced teams, managed by US-based technical leaders, with expertise in managing global software development efforts. Objectiva's teams have many years of expertise in architecting enterprise software solutions (J2EE, COM+ and MS .NET), web-based and client-server applications, and software for the wireless Internet. Objectiva provides its clients with the ability to reduce cost of software development without sacrificing quality, on-time delivery and time-to-market. With its affiliation with one of the largest software companies in China, Objectiva provides its clients in the US with affordable scalability and access to more than 2200 software developers, making it an emerging leader in the software outsourcing market.

For further information, contact us at information@objectivasoftware.com or visit us at www.objectivasoftware.com.

Statements included herein that state the Company's or Management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements that involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed as implied by such statements.