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UFT SIGNS GLG PARTNERS AS PREFERRED VENDOR
UFT Signs GLG as Preferred Vendor

GLG to provide Interim Asset Management services to UFT licensees.

LAKE FOREST, IL., [March 7, 2007] – United Financial Technologies (UFT) has signed GLG Partners LP, a London-based global investment management firm, as part of UFT’s Preferred Vendor Network.

GLG Partners will provide interim asset management services to licensees of UFT’s Collateralized Variable Rate Demand Note (CVRDN).  The CVRDN is a debt-based financial instrument that benefits from short-term interest rate pricing over a long-term financing period such that both capital efficiency and access is enhanced for note issuers that are credit-worthy, mid-tier and above companies.

“As interim asset manager, GLG Partners will be responsible for managing all or a portion of the proceeds arising from the issuance of CVRDNs by our licensees until such time that the borrower wishes to deploy those funds to support its commercial operations or projects,” said Joanne Marlowe, UFT’s chief executive officer.  “Our clients should sleep better at night knowing that a firm like GLG is hard at work on their behalf to help defray accruing costs associated with their financings. We’re pleased to have a firm of the caliber of GLG Partners as part of our network.”

UFT’s preferred vendors act as financial service providers for UFT licensees in various capacities.  All UFT preferred vendors are trained in the specific application of CVRDN technology within their area of financial expertise and are employed as a sophisticated support system to approved licensees.

“We’ve recognized that to ensure the proper use of the CVRDN instrument, our licensees need access to key professionals to assist in implementation at every turn,” Marlowe said.  “It’s vital that UFT’s Preferred Vendor Network continues to grow in depth and capacity to keep pace with the expansion of our licensee and user base.”

The CVRDN instrument appeals to companies with capital-intensive business models that consistently utilize debt financing.  The CVRDN is an interest-only instrument that increases cash flow and allows large volumes of debt capital to be pooled prior to commercial allocation.

For more information, visit www.unitedft.com.

United Financial Technologies is a privately held company.

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FOR MORE INFORMATION, CONTACT:

Ken Swoyer
kswoyer@unitedft.com

847-604-8055

Notice: The information contained in this announcement is only accurate as of the date of its publication and release, and may contain certain forward-looking statements based upon anticipated events that may or may not come to pass. The company makes no representation or warranty as to the correctness or accuracy of the information contained herein, and is under no obligation to update this information at any time after the date of release.

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Joanne Marlowe
Joanne Marlowe