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UFT ENGAGES RONALD BARLIANT TO ASSIST CLIENTS OF CVRDNS, MVRDNS


LAKE FOREST, Ill., May 07, 2007
– United Financial Technologies (UFT) has engaged the services of bankruptcy law veteran Ronald Barliant as Independent Manager for Note Issuers of the firm’s debt-based financial instruments – the Collateralized Variable Rate Demand Note (CVRDN) and the Managed Variable Rate Demand Note (MVRDN).

Barliant served as a federal judge for almost 15 years in the United States Bankruptcy Court for the Northern District of Illinois, is a Fellow in the American College of Bankruptcy, has taught debtor-creditor relations at John Marshall Law School and has frequently lectured and participated in panel discussions on bankruptcy-related topics at the invitation of many organizations. He is also the author of numerous published articles on such topics in a variety of prestigious law journals.

The CVRDN and MVRDN offer new alternatives to conventional financing strategies for UFT’s licensees as borrowers. Within the structure of both instruments, the Note Issuer is established as a bankruptcy remote special purpose vehicle that is totally separate from the commercial borrower, or operating company. By creating a dedicated bankruptcy remote entity, the noteholders’ interests are far better protected in the transaction.

“As Independent Manager for the Issuer, Ronald Barliant will provide the independence necessary to best manage the interests of noteholders and borrowers alike should a distressed situation in a financing potentially arise,” said Joanne Marlowe, UFT’s Chief Executive Officer. “His experience in bankruptcy law should give extraordinary comfort that he is qualified to act decisively such that the inherent protections afforded by the instruments are preserved by keeping the Issuers and the note proceeds out of any potential bankruptcy fray.”

United Financial Technologies is a privately held company.

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FOR MORE INFORMATION
CONTACT:

Media Relations
mediarelations@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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