October 4, 2003

HOUSTON, October 4, 2003 / Press Release / -- The Technology Entrepreneurs' eXchange (“Texchange”) today announced that it has moved Quazant^® COO, Carter Caldwell, from being a member of its Advisory Board to a member of the Board of Directors.

“I’m so honored that Texchange would consider me to be a member of its Board of Directors.  I have always said that I think Texchange is a fantastic organization – one with which I’ve been actively involved for years – and I am honored to be a member of the Board.  I hope that my active involvement can help improve the organization and continue its mission,” said Carter Caldwell of his recent appointment.

Texchange is a Texas-based, non-profit organization that is focused on the discussion and sharing of management expertise in emerging technology fields and related support fields in order to foster entrepreneurial activity.  The organization’s purpose is to provide an environment where common topics of interest can be discussed, support collaboration among members, and focus on technology entrepreneurship.

Further information about Texchange can be found at www.texchange.org.

Carter Caldwell is COO of Quazant^®, a Houston-based software development and services hybrid company.  Carter also serves on the Secondary Committee for the University of Pennsylvania Admissions Department, energetically acts as a Career Advisor for University of Pennsylvania students and is a member of the MIT Enterprise Forum.  Carter holds a B.A in Philosophy, Politics and Economics from the University of Pennsylvania.

Quazant^® is a software development and services company whose technology improves transaction processing performance.  With offices in Houston and Chicago, Quazant^® also provides custom software development and business consulting services.  More information about Quazant^® can be found at www.quazant.com.

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