"We are working with EGAR Technology for two years and highly appreciate their attention to our needs and requirements. I would like to point out, that the system, offered by EGAR, provides not only the complete front-to-back office automation, but it is also a business solution with a high level of integration into our business process."

------------------------------------------------------------------------------------------------
Don Montarano
CEO, Trade King

"While launching TradeKing, we closely evaluated many data and services providers and IVolatility.com (note: services supported by EGAR Technology) rose to the top in the options segment of the market. Their services, data and analytical tools for stock and index options are extremely powerful and easy-to- use. Their tools fit nicely into our online trading platform and provide market-leading capabilities for TradeKing customers who want to trade options. We're very pleased to partner with them."

------------------------------------------------------------------------------------------------
Jean-Pierre Valeri
Senior Vice President, Director of Credit & Market Risk Management, Fimat USA (Societe Generale)

"In our opinion, FOCUS not only offered the most cost effective solution but also provided the desired flexibility to handle a wide range of structured over-the-counter energy derivative products, such as average strip options on energy indices or baskets of indices. FOCUS was also the only modular system that we encountered, that could be grown to cover new products and other desks as future needs arise."

------------------------------------------------------------------------------------------------
Curt Kaminer
Portfolio Manager, Millennium Environmental Group (Unisource Energy)

"We are using FOCUS to capture our trading, as well as marketing transactions, for coal and emissions derivatives. EGAR Technology had impressed me in the past, and EGAR became our top choice when we saw the value and high functionality that the FOCUS system provided."

------------------------------------------------------------------------------------------------
Sanjay Dasgupta
Executive Director, Equity Arbitrage, CIBC World Markets

"We were delighted to learn that EGAR has designed a full-fledged analytical system to perform the functions we need for our new dispersion trading portfolio. With EGAR's new system, we now have a more effective and cost efficient dispersion strategy."

------------------------------------------------------------------------------------------------
Tally Ferguson
Head of Risk Management, Bank of Oklahoma

"We found FOCUS to be very user-friendly and, more importantly, of all the other systems we looked at, FOCUS offered the most cost effective way to meet our requirements."

------------------------------------------------------------------------------------------------
Phil Simotas
Senior Vice President, FX Concepts

"...not only does the FOCUS system provide the coverage and functionality that we need,but it is also supported by EGAR Technology 's unparalleled customer service and its ability to understand our business."

------------------------------------------------------------------------------------------------
Kirill Dmitriev
Director of Technology, Media & Telecom Group Delta Capital Management

"We believe that EGAR has established a truly unique position by leveraging deep technical and quantitative expertise with exceptional understanding of global markets.EGAR is a company that truly stands out from its peers and is clearly ahead of its competitors,both in the sophistication and in the value it offers clients around the world."

------------------------------------------------------------------------------------------------
Simon Vine
Head of Fixed Income, Alfa Bank

"The key reason we purchased FOCUS was for its incredible flexibility and adaptability.We were specifically impressed with the flexibility of the FOCUS Margin Module,which was quickly adapted to support not only Alfa Bank 's standard international margin trading operations,but also its local market practices."

------------------------------------------------------------------------------------------------
Roland Szalowski
Manager - Market Strategy, KGHM

"We then conferred with our consultant, Deloitte &Touche, on our selection, and they too, were impressed by EGAR Technology 's stellar reputation in the industry and its quick and effective support capabilities "

------------------------------------------------------------------------------------------------
Jorge Bolivar
CEO, TechRules.com

"EGAR Technology was absolutely vital to our development, allowing us to focus on building a management team and negotiating funding while they developed our core technology and helped form key business relationships which undoubtedly culminated in faster time-to-market and a higher valuation during our first funding round."

------------------------------------------------------------------------------------------------