Fi-Tek establishes European Headquarters in Dublin

Financial Services Software Company to expand HedgeTek product in European market

DUBLIN, September 20, 2010 - Minister for Enterprise, Trade and Innovation Batt O'Keeffe, TD, today
announced that Fi-Tek LLC (www.fi-tek.com), a US based financial
services solutions provider, is establishing its European Headquarters in
Dublin. Over the next few years, Fi-Tek expects to substantially grow its
staff in Dublin to support its expanding base of clients in Europe. IDA
Ireland worked closely with the company to secure this investment for
Ireland.

Fi-Tek, a SAS 70 Type II and ISO 9001:2008 certified company, provides
innovative software products and solutions for the alternative investments,
trust, asset servicing and securities processing industries. The company's
HedgeTek product, a fully integrated book and tax allocation platform for
hedge funds, covers both US partnerships and unitised funds, is used by many
of the leading hedge fund administrators, accounting firms and fund managers
servicing over 3,500 funds with over $400 billion in assets.

Minister O'Keeffe described the investment as significant for Ireland's
financial services sector. "Ireland is the largest hedge fund administration
centre in the world with almost half of all global alternative investment
funds operated from here. Fi-Tek's decision to establish a European
headquarters in Dublin shows we can out-perform rival locations for major
global investments in the financial services sector. More than half the
world's leading financial services firms now have operations in Ireland."

Peter Marshall, Managing Director, Fi-Tek Ireland said "We are very happy
to establish this important part of our international business in Dublin.
Ireland's pro-business environment, availability of highly skilled personnel,
the presence of many of our clients, and working with IDA were the key
reasons Ireland was chosen as the location for our European Headquarters."

Partly in response to the financial crisis, the alternative investment
industry has dramatically increased its administrative complexity, including
side pockets (for both distressed illiquid assets and private equity
holdings), lock-ups and gating, multi-level master-feeder structures,
currency classes (hedged and unhedged) and complex fee structures that may be
assessed at a class, series or individual investor level.

HedgeTek provides a highly automated allocation engine that addresses
these complexities, interacting with both fund accounting and transfer agency
systems. In many client situations, installation of HedgeTek results in the
elimination of hundreds of spreadsheets and manual processes, thereby
eliminating operational risks, improving cycle time, and dramatically
improving the quality and timeliness of investor reporting.

"Fi-Tek Ireland has recently gone live implementing HedgeTek with two
leading global banks in Dublin," stated Subir Chatterjee, Fi-Tek founder and
CEO. "Dublin has become a centre of expertise for hedge fund administration
globally, and our intent is to make Fi-Tek Ireland a centre of excellence for
us as well."

About Fi-Tek

Fi-Tek LLC provides market leading accounting and wealth management
solutions to financial services companies globally. Headquartered in New
Jersey, the company was founded in 1997 and has approximately 200 people in
the US, Ireland and India. The company has over 160 clients, including some
of the largest banks, hedge funds, and investment banks - with over $600 Bn
of assets serviced on its platforms. Fi-Tek also provides full back-office
outsourcing for trust banks and securities services companies through its
Delaware registered affiliate First State Trust Company (FSTC).

    For more information please contact
    Arpita Chatterjee, Marketing Associate, Fi-Tek, achatterjee@fi-tek.com

Arpita Chatterjee, Marketing Associate, Fi-Tek, +1-732-632-8167 achatterjee at fi-tek.com