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Former Cisco Product Designer Joins ICLUBcentral

July 9, 2001 -

Richard Beaubien appointed as Vice President of Marketing

CAMBRIDGE, MA, July 9, 2001 - ICLUBcentral Inc. (www.iclub.com), the leader in investment club technologies, announces the appointment of Richard Beaubien, formerly an executive in product design with Cisco Systems, Inc. (Nasdaq: CSCO) and President of the Massachusetts chapter of the National Association of Investors Corporation (NAIC), a 600,000-member non-profit organization that provides investment education for investment clubs and individual investors. Beaubien will serve as Vice President of Marketing, focusing on marketing to investment club members.

Mr. Beaubien was trained as a mechanical engineer at M.I.T. and U.Mass-Lowell. He has been actively involved with investment clubs and online investing for several years, including as a member in one of the first investment clubs to run entirely online. In accepting a position with ICLUBcentral, he stepped down from his position as an Associate Director on the NAIC's Computer Group Advisory Board.

"Rich is a stellar addition to our team," said Robert Brooker, CEO of ICLUBcentral. "His experience in product design, coupled with his long-standing role as an investment club member and a teacher, makes him an ideal person to help us design and sell our investment club products."

"I believe that long term investing through investment clubs is the best vehicle that you can use to learn how to manage your own money," said Beaubien. "I joined ICLUBcentral because they have the products that make club investing easy for the Average American, and because they have an incredible team dedicated to improving the investing experience."

Currently, more than 1.25 million Americans participate in investment clubs, a number that has quadrupled over the past decade, partly due to rapid adoption of email and increased availability of investment information online. ICLUBcentral offers both online and desktop applications to satisfy the administration and communication needs of these investment clubs.

ICLUBcentral's online tools are available free of charge through the National Association of Investors Corporation (www.naic-club.com), at ICLUBcentral's site (www.iclub.com), and through online brokerage The Financial Café (www.thefinancialcafe.com). ICLUBcentral enables successful online group investing by making it simple for personal investors to form investment clubs online with minimal effort from club members and no compromise of club security. The software offers an intuitive user interface that facilitates communication and collaboration, regardless of location. ICLUBcentral also helps encourage a stronger social and financial community for investors by offering each investment club access to features, including discussion boards, portfolio tracking, tax accounting, member voting, file storage, personal profiles and access to partner brokers.

About ICLUBcentral

ICLUBcentral is the leading provider of group financial products to financial institutions and online communities. ICLUBcentral's online sites for investment clubs enable personal investors to leverage the Internet to communicate and collaborate with others on investing decisions, making group investing easier and more social. Over 45,000 clubs currently use ICLUBcentral products to manage their investment dollars, including members of the National Association of Investors Corporation (NAIC), a 600,000-member non-profit organization that provides investment education for investment clubs and individual investors. ICLUBcentral built, operates, and maintains the official NAIC online investment club communication and tax accounting platform, which can be found at www.naic-club.com. Based in Cambridge, MA and with additional offices in San Jose, CA, ICLUBcentral has been producing investment club software since 1989.



 
  
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