Certificate corporate ledger software stock

Transcentive Delivers First Packaged Solution for Integrated Equity Management for Private Companies and Law Firms; Provides Complete End-to-End Management

Business Editors & Hi-Tech Writers

SHELTON, Conn.--(BUSINESS WIRE)--Nov. 7, 2001

Transcentive, the world's premier provider of software and services for global equity plan management, today launched the Express Share Tracking(TM) software solution for corporate equity management.

Designed specifically for private companies and law firms advising emerging growth companies, the Express Share Tracking solution simplifies and automates the currently manual and cumbersome activities of tracking securities (common and preferred stock, warrants, and stock options), issuing and auditing share certificates, and generating capitalization tables on demand. No longer are spreadsheets, disparate files and duplicate data entry required to maintain the security management process. The Express Share Tracking system offers an intuitive, robust solution by providing a single source for equity information, thereby increasing end user accuracy and effectiveness.

"Private companies and law firms now have an automated solution to simplify equity management," said Gordon Rapkin, executive vice president and chief marketing officer of Transcentive. "The Express Share Tracking application, coupled with the Transcentive Express Options(TM) solution for managing employee stock option plans, provides an integrated solution for equity management, both pre- and post-IPO."

With the Express Share Tracking solution, equity management functions such as issuance, exercise/conversion, disposition, reclassification and repurchase of securities are simple and easily performed. Capitalization Tables, Stock Ledgers and Shareholder Statements are created with the click of a mouse. The security issuance process is intelligent and highly automated, resulting in significant time savings for accountants, paralegals, and stock option plan administrators. The Express Share Tracking system tracks significant dates, holding periods, and share volumes relative to SEC Rules 144 and 701. Stock certificate records and the corporate stock ledger are generated and updated automatically following stock issuance, stock option exercises, conversions, or other transactions. A detailed audit trail maintains a complete record of a certificate's history -origin, cancellation, and the status of the certificate's shares.

About Transcentive, Inc.

Transcentive, Inc. (formerly Corporate Management Solutions) is the leading provider of equity compensation solutions for employee stock option, employee stock purchase and corporate security management. The company's software and outsourcing solutions are designed to promote more effective management and communication of information to plan participants using state-of-the-art technology. Transcentive solutions have been adopted by virtually every broker/dealer, numerous leading law and venture capital firms, and thousands of public and private companies such as Microsoft (NASDAQ: MSFT), Motorola (NYSE: MOT), Bausch & Lomb (NYSE: BOL), Merrill Lynch (NYSE: MER) and Office Depot (NYSE: ODP). Founded in 1979, Transcentive is headquartered in Shelton, Conn.

For more information, visit the company's website at www.transcentive.com or call 1-888-340-4267.

Transcentive, Express Share Tracking and Express Options are trademarks of Transcentive Inc. All other company and product names may be trademarks of their respective owners.