Penley Inc. Announces Appointment of Executive as Insurance Specialist

Penley expands commitment to Insurance industry by helping insurers meet OFAC and USA Patriot Act regulations

DULUTH, GA.--(PRWEB) November 5, 2003- Penley, Inc., the nation's leader in account integrity, announced today the appointment of industry veteran and insurance industry expert, Warren Reynolds, as the companys Insurance Specialist. His role at Penley will cover a range of responsibilities from new business development to account management of ongoing engagements.

Mr. Reynolds brings more than 30 years of insurance industry experience as well as extensive management and technical expertise to Penley. Warren has held CIO positions in leading insurance companies such as Jefferson Pilot, Chubb Life and Allianz with detailed experience in the design, development and implementation of a broad range of systems and process improvements including major administration systems. He has also contributed to the life insurance industry by holding leadership positions in LOMA, ASM and IASA.

"Warren has proven leadership skills and is well known in the insurance industry as an innovative IT executive. His CIO background and breadth of knowledge and experience, particularly with insurance systems for life and annuity products, will be of great benefit to Penley as we continue to drive ourselves to be the premier provider of systems and services to the insurance marketplace. We are excited that Warren has agreed to work with us," stated Bruce Lowthers, Penley CEO.

I am excited to join a company where personal integrity and quality of service are the primary drivers," said Reynolds. "Penley demonstrates an unparalleled commitment to product performance and customer service. I look forward to working closely with the other members of the Penley team to offer our customers the leading USA Patriot Section 326, 314(a) and OFAC compliance solution available in the insurance industry today."

Company Information

About Penley, Inc.
The nations leader in account integrity, Penley Inc. provides financial institutions with critical business information that protects against fraud, offers business intelligence, and increases operational efficiency. For financial institutions that need a value-driven identity verification service, Penleys Fast Watch leads the market in providing complete USA Patriot Act Section 326, 314(a) and OFAC compliance. The company's advanced technology platform ensures the delivery of superior services as well as best-of-breed automation, security, and technology.

Penley is a privately held company headquartered in Atlanta, Georgia. For more information or to take a Fast Watch test drive", visit the companys website at www.penleyinc.com or call us at 678-475-0032.

This release may contain or incorporate by reference forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause our actual performance or achievements to be materially different from any future results, performance or achievements expressed or implied by those statements. Penley undertakes no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to future results over time.
###