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eRisks Builds World's Leading Resource for Risk Management Community with GloriaMundi Partnership

Tuesday, August 29, 2000

eRisks Offers Market Risk Professionals a Seamless Link to Enterprise Risk Management

eRisks, the market leader for fully-integrated enterprise risk management (ERM) services, today announced it has formed a strategic alliance with GloriaMundi (www.gloriamundi.org), a leading Web community for market risk professionals, to deliver enhanced educational content, analytics and advisory resources to the risk management community. The partnership provides risk managers a seamless link via the eRisks portal (www.eRisks.com) to increasing the understanding and importance of practicing enterprise risk management among the most senior executive levels of corporations.

"eRisks provides a total risk management solution in an effort to change the way companies manage risk," said Peter Nakada, acting president of eRisks. "Such change requires providing the highest quality information in a single environment where professionals - who really believe in bettering their practices, their companies, and their profession - can engage each other to share experiences and ideas as well as to learn. We believe eRisks' front-line risk management experience and enterprise risk management content will provide GloriaMundi users a broader understanding of ERM best practices and continue to elevate their importance and contributions to the corporate bottom line."

The partnership will create the most comprehensive information source available for risk professionals, making eRisks one of the largest online risk management communities in the world with over 10,000 users. Users of GloriaMundi will utilize eRisks content to enhance their overall knowledge of enterprise risk management, gain access to a broader view of leading trends in risk management, and develop a more focused perspective on the integration of market risk with credit and operational risk.

GloriaMundi was conceived in 1996 to collect information about the latest developments in Value-at-Risk, also known as VaR. The site has grown quickly by bringing together a large community of market risk managers and those interested in VaR.

"The benefits for GloriaMundi users will be immediate and tangible," said Barry Schachter, founder of GloriaMundi. "Our approach has been to collect as much information as a risk manager can have in one place. The combined depth of content, functionality, and increased resources are all part of the long-term synergies that make this an important partnership that will benefit risk managers at all levels. This is a crucial service to provide risk professionals."

About GloriaMundi

GloriaMundi, a shortened version of a Latin idiom that translates loosely as " earthly fame passes," is a leading online content provider and community for market risk professionals, was created in 1996 by Barry Schachter to collect comprehensive information about Value at Risk (VaR). As the portal has grown, it has become an important tool for those interested in both VaR and more specifically in market risk management. For more information on chat rooms, online forums, research materials and other resources, visit the site at www.gloriamundi.org.

CONTACT: Tony Marcos, 212-819-0170 or Jeremy Milner, Arnold Public Relations 617-587-8921

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