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Louis Kravitz & Associates Launches Wealth Management Systems Mandatory Rollover Solution

Franklin Lakes, NJ (September 9, 2005) - Louis Kravitz & Associates, an independent, retirement plan consulting firm headquartered in California, today announced that they will adopt the Wealth Management Systems Inc. ("WMSI") Automatic EGTRRA Rollover Solution to process mandatory rollovers for their retirement plan business clients. Within the program, Kravitz & Associates will provide WMSI with participant indicative data files and WMSI will automate IRA account openings with E*TRADE Securities LLC, the designated IRA provider, and provide a reconciled report of all account activity.

"WMSI offers a no-fee program solution for our clients that significantly streamlines the administrative and enrollment processes for Kravitz and our plan sponsors," said Daniel Kravitz, President of Louis Kravitz & Associates Inc. "The program is designed to address the fiduciary concerns of our plan sponsors while enabling sponsors to reduce the plan administrative costs and burdens associated with servicing smaller account balances and locating former employees."

Leveraging the technology platform of WMSI, Kravitz will batch process mandatory rollovers in a completely paperless environment. Additionally, WMSI and E*TRADE Securities LLC will process all new accounts within 24 hours of receiving a file, so participants' assets are reinvested as quickly as possible.

"We recognize that within the IRA marketplace it is increasingly important for our clients to enhance service offerings to address various rollover opportunities", said Tom Loch, President of WMSI. "Leveraging our technology platform, Kravitz & Associates can address the specific needs of their clients and process all mandatory rollovers within a cost effective service configuration that minimizes administrative burdens."

About Wealth Management Systems Inc.
Wealth Management Systems Inc. (WMSI) 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 their distributions and open IRA accounts in a single, real time transaction. Financial institutions participating in the network 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 within Call Center and Participant Website applications.

Financial processing services are provided through WMSI Securities LLC, a wholly-owned subsidiary of Wealth Management Systems Inc. WMSI Securities LLC is a registered broker dealer and member FINRA/SIPC. WMSI Securities LLC is not related to E*TRADE Securities LLC or Louis Kravitz & Associates Inc. and does not provide IRA products.

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

About Louis Kravitz & Associates Inc.
Louis Kravitz & Associates, Inc. is the largest independent firm of retirement plan consultants headquartered in California. Kravitz specializes in designing and administering all types of retirement plans, including 401(k), profit sharing, ESOP, defined benefit, cash balance and executive plans. Kravitz has been serving businesses and professional companies since 1977.

Additional information about Kravitz and retirement plan solutions is available at www.lkravitz.com.

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