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Oversight Systems Announces Solution Alliance with SolomonEdwardsGroup to Deliver Complete Risk Management Solution

Alliance joins Oversight’s industry-leading Transaction Monitoring technology with
SEG CFO Services expertise for highest-value implementations

ATLANTA – July 15, 2008 – Oversight Systems, the leading provider of automated continuous transaction monitoring solutions, today announced that it has formed a Solution Alliance with national CFO services firm SolomonEdwardsGroup, LLC (SEG). Under the Alliance, SEG will be authorized to provide implementation services for Oversight’s transaction monitoring software, as well as offering related consulting services on best practices, process optimization and risk management utilizing continuous monitoring technology and techniques.

"Successful continuous monitoring and continuous auditing involves more than just successful installation of software,” said Oversight Systems vice president of Business Development, Chris Rossie. “The most beneficial implementations of Oversight leverage integration of the software into new and existing processes, and take into account the unique requirements of each company. We're excited that SolomonEdwardsGroup is applying their expertise and experience to help companies successfully implement Oversight solutions that deliver a bottom-line return on investment."

In support of the alliance, SEG consultants working on Oversight Systems implementations participate in an comprehensive training program which enables them to combine their risk management and business process improvement expertise with in-depth knowledge of Oversight’s industry-leading continuous transaction monitoring software.

“Continuous monitoring is a critical management tool to identify and detect fraud and reduce costly transaction integrity errors,” said Ed Baumstein, SEG president and chief executive officer. “Oversight, and its continuous monitoring platform, fits naturally as an extension of the risk and business performance services SEG provides. Now our clients can easily get the functionality they need through the combination of Oversight’s preeminent application and the strategic insight and implementation SEG’s consultants can provide.”

About Oversight Systems, Inc.Oversight Systems takes continuous controls monitoring to the next level, with real-time transaction integrity inspection for identifying fraud, misuse and errors. Oversight’s software provides a platform for continuous monitoring with powerful analytics that excel at finding problems, then raises the bar with an investigator’s workbench for cost-effectively fixing the problem, and workflow-enabled audit trail and journaling for proving problem resolution and compliance. By inspecting each step of individual transactions across all financial systems, Oversight identifies all errors and fraud, drives defects out of the process, and sustains Sarbanes-Oxley compliance. For more information, visit www.oversightsystems.com.

About SolomonEdwardsGroup

SolomonEdwardsGroup, LLC (SEG) is a national CFO services firm solving the shifting needs of CFO organizations and its professionals. It is recognized for delivering talent, perspective, and action in the critical areas of risk and regulations, resource management, accounting operations, and business performance. Headquartered in Philadelphia, the firm operates offices in Atlanta, Chicago, Dallas/Fort Worth, Houston, Kansas City, New York/New Jersey, and Washington, D.C. Metro. Additionally, it maintains a global network of partners to serve multinational clients. For more information, go to www.solomonedwards.com. SEG is not a certified public accounting firm.