Shawn Gallagher Joins NISCO As Vice President Operations

Industry Veteran Adds to Arsenal of Strong Leadership and Industry Expertise

FAIRFAX, VA - November 24, 2003 – NISCO today announced the appointment of Shawn Gallagher as Vice President of Operations. NISCO is an IT-centered solutions provider with an aggressive focus on innovative cost management, revenue assurance and business process outsourcing to deliver measurable value.

"We are fortunate and excited to add Shawn to the Executive Management team at NISCO,” said NISCO CEO Sundeep Sanghavi. “Shawn’s depth of experience and leadership skills will contribute greatly to the continued expansion of our business. He has a proven track record and the leadership Shawn brings to our company will allow us to further penetrate the market for economic recovery products and solutions."

Mr. Gallagher will build on NISCO’s already impressive track record of superior product delivery and customer satisfaction to create a cohesive organization focused on financial value chain management solutions. Mr. Gallagher has proven successful at providing expertise to customers through his understanding of customer requirements and his ability to conceptualize deliverable solutions.

“I am confident that I can bring a heightened level of focus to NISCO’s operations, allowing the company to achieve exponential growth,” said Mr. Gallagher. “The industry segment we are targeting is grossly underserved, particularly at the level of excellence NISCO provides. We hit the market at the right time, with the right products and services and with the right talent.”

Prior to joining NISCO, Mr. Gallagher was with PricewaterhouseCoopers LLP as an integral part of their InfoComm Advisory Services Division. He has held Management positionsat MCI Communications, Qwest and Teldata Control. Mr. Gallagher’s career has been dedicated to cost savings and revenue recovery for telecommunications providers and Fortune 500 companies and he has amassed more than $350 Million in measurable savings/revenue to client companies.

About NISCO

Based in Fairfax, Virginia, NISCO is focused on delivering the only 100 percent paperless and J2EE web-based enterprise financial assurance management platform. Named as a finalist for the 2004 American Business Awards Best Product of the Year, NISCO's software platform is designed to perform complete procurement to payment processing, while providing visibility to valuable financial data and analysis. NISCO prides itself in providing managed service and technology solutions that pay for themselves in less than twelve months. Clients include several Fortune 100 companies, as well as the largest IT consulting company in the world. Founded in 2001, NISCO combines superior technology with unparalleled cost management expertise to deliver optimal solutions for enterprise, telecommunications, and government clients. NISCO (www.niscosolutions.com) is a privately-held company and has offices in Fairfax, VA; Bangalore, India; San Ramon, CA; Denver, CO; Woodbury, CT; and Rochester, NY.

NISCO Public Relations Contact
Rachel Kelley
(703) 995-5900