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Wealth Management Systems Processing Mandatory Rollovers - All Systems Go!

Holgate, NJ (June 3, 2005) - Wealth Management Systems Inc. ("WMSI"), the first company to offer fully automated rollovers, announced today that it successfully processed its first fully automated round of mandatory rollovers for one of its largest recordkeeping partners. The client simply provided WMSI with a participant indicative data file and then WMSI interfaced directly with E*TRADE Securities LLC, the designated IRA provider, to automate the IRA account openings and to provide a reconciled report of all account activity.

The processing capabilities of WMSI enable the opening of approximately 3,500 accounts per hour so there are no timing issues with respect to processing volumes. Additionally, WMSI and E*TRADE Securities LLC process all new accounts within 24 hours of receiving a file, and fund the IRA accounts within 24 hours of receiving the distributed assets so participants assets are reinvested as quickly as possible.

"Our Automatic EGTRRA Rollover program is a cost effective solution designed to address all regulatory requirements and to empower our customers to directly service their participants and leave no rollover behind, " said John Geli, Chief Operating Officer of WMSI.

WMSI provides Plan Sponsor materials and coordinates the Plan Sponsor enrollment process, making the program extremely easy to administer on a large scale. Currently WMSI is processing mandatory rollovers for clients of ADP® Retirement Services, BISYS, City National Bank, Milliman and The Newport Group. WMSI also administers Merrill Lynch's proprietary mandatory rollover program.

About Wealth Management Systems Inc.
Wealth Management Systems Inc. is the leading provider of technology based rollover products and services within the retirement industry. WMSI's Rollover Solutions Network® integrates the processing platforms of Third Party Administrators and IRA providers, enabling exiting employees to effect distributions and open IRA accounts in a single, real time transaction. Through the Rollover Solutions Network®, financial institutions are able to further asset retention initiatives and gain access to a volume distribution network. TPAs and Plan Sponsors are provided with comprehensive distribution and rollover processing services that can significantly reduce administrative burdens and operating costs. And participants gain access to the comprehensive IRA and annuity services they are seeking as they make distribution decisions that will effect their long term financial well being. The Rollover Solutions Network® is quickly becoming the industry standard for rollover processing and currently services over 1 million participants through its call center and participant website applications.

Additional information about WMSI and all rollover product solutions is available at www.wealthmsi.com.

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