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Patrick Fowler , The Spaulding Group: 001-732-873-5700

THE SPAULDING GROUP HIRES NEW DIRECTOR OF SALES


Somerset, NJ – January 1, 2003. The Spaulding Group, Inc. announced today that Christopher D. Spaulding has joined its ranks as Director of Sales.

"As The Spaulding Group continues to expand we need to have quality sales and customer service people in place to allow us to continue to provide exceptional service. We feel Chris is a perfect fit for us" said TSG's president, David Spaulding.

Chris comes to The Spaulding Group with a background in real estate sales having spent the past year at Century 21.

The Spaulding Group, Inc. is an information provider and management consulting firm that serves the money management industry in the areas of performance measurement and reporting, computer technology, operations, and marketing. TSG publishes The Journal of Performance Measurement®, a quarterly publication they launched in 1996, and hosts the Performance Measurement Forum. Through its Institute of Performance Measurement, the firm offers performance measurement training, including a two-day introduction to performance measurement, a one-and-a-half-day course on performance attribution, and a one-day performance measurement course for plan sponsors and consultants. The company was founded in 1990 by David Spaulding and provides services and products to financial institutions throughout the world. Other details about TSG's services may be obtained from its website: www.SpauldingGrp.com

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