Press Release

FXSource Appoints New Chief Information Officer.

John Travillian Joins FXSource, LLC to lead the company's strategic and technical development of its services.

Columbus, OH May 1, 2004 FXSource, LLC appointed today John Travillian as the company's Chief Information Officer. Mr. Travillian joins FXSource to lead the strategic development and improvement of the company's core technology which enables businesses and individuals to efficiently and cost effectively move funds across nations.

"I am personally excited to be taking on the new challenges and opportunities presented by FXSource, which is well-poised to assist companies of all sizes with international trade" said John Travillian, FXSource's new CIO. " It seems that anyone doing international trade can benefit from our services."

With 20 years experience, Mr. Travillian joins the organization after a successful career within the defense and the electronic equipment manufacturing industries. Most recently, he worked as a Senior Business Process Analyst for the Information Systems Development of Paxar Corporation, where he was instrumental in the application of large scale database technologies to enhance business process and the integration of several distinct systems into one ERP system. He holds a Bachelor's degree in Systems Engineering from Wright State University.

 

About FXSource, LLC.

 

FXSource, LLC - Headquartered in Columbus, Ohio - offers international electronic cash management services to individuals, corporations, and private label partnerships. Clients reduce the waiting period to receive funds, reduce the costs of transfers, and receive real-time detailed reporting on-line with the company's direct electronic funds transfer service.

 

The company's direct electronic funds transfer service allows users with non-US bank accounts to safely and economically send funds to holders of US bank accounts for a nominal fee. Individuals and businesses in the United States can receive payments from international senders or move funds into their USD bank and investment accounts. The service provides transaction reporting unavailable through traditional wire transfers and international drafts permitting both senders and receivers to track payments on-line and match this information with their internal accounting systems.

 

Transfers are made from any existing foreign bank account to any United States financial institution using a proprietary process (patent pending) that integrates various automated clearing mechanisms around the world into a virtual global payment network.

 

FXSource and the FXSource logo are registered trademarks of FXSource, LLC.

 

More information on FXSource, LLC can be found at www.fxsource.com or by contacting the company headquarters at (866) 756-2074 or (614) 850-7576.

 

Media Contact:

Tellie Bowen

FXSource, LLC.

Telephone: +614-850-7576

Fax: +614-850-7577

Email: media@fxsource.com

4350 Equity Dr.

Columbus Ohio 43228

USA