20042003200220012000
Geobot Appoints Executive to Lead

Financial Services Practice

Memphis, TN and Boston, MA (October 2, 2001)
-- Geobot Inc., a provider of dynamically configurable integration software, today announced the appointment of Daniel Smith as managing director of its Financial Services Practice reporting directly to James Foley, president and chief operating officer. In his new role, he will be responsible for increasing Geobot’s presence within the financial services industry and growing the financial services organization.

Mr. Smith joins Geobot with over 16 years of experience in the financial services industry with domain expertise in retail, wholesale and commercial banking, consumer investments, cash management, transaction processing, card products, and payment services. Most recently he served as vice president of product management for Politzer & HANEY, the recognized leader in corporate electronic banking software.

"Dan’s presence adds another key building block in implementing our strategic plan of dedicating resources with specific domain knowledge to lead our efforts into targeted markets," explains Foley. "Dan’s unique experience in financial services software requirements planning and implementation, from both a purchaser and vendor viewpoint, coupled with a proven success record throughout his career, allows us to accelerate our drive to be the preeminent integration platform for the financial services industry.

Prior to joining Politzer & HANEY, Mr. Smith served as vice president of product marketing for Pegasystems, Inc, a Cambridge-based CRM software vendor. Additionally, he has held senior level positions at M&T Bank and Chemical Bank, and was the founder and president of Queen City Beer, a Buffalo, NY microbrewery. A permanently Certified Cash Manager, Mr. Smith holds a MBA in Finance from NYU’s Leonard N. Stern School of Business, and a BS in Industrial Engineering from Columbia University.

"Having developed software products within and for the financial services industry for most of my career, I had experienced first-hand the complexities of systems integration," said Smith. "As financial services firms continue to struggle with integrating their legacy systems and networks into their e-business and CRM platforms," he continued, " I can clearly see the opportunity for Geobot to become the information-sharing framework with which bankers and brokers can break their integration logjams. I am excited to join the company and help Geobot pursue this opportunity."

The new Financial Services Practice will operate out of the Boston area.

About Geobot, Inc.

Geobot is the provider of a dynamically configurable integration broker product known as the Geoswitch™ . The Geoswitch is designed to allow organizations to rapidly and cost-effectively integrate disparate systems and applications into their e-business and CRM platforms. Geobot provides a single enterprise framework to share information in real-time, with the added capability of extending functionality through the use of run-time pluggable logic. Founded in February 1999, Geobot is headquartered in Memphis, Tennessee, and is privately held.


Contact:

Darren Raybourn
Geobot, Inc.
901-261-8961
draybourn@geobot.com

David Latham
Delta Capital Management LLC
901-755-0949
yearwood@deltacapital.com