PRESS RELEASE

New York, May, 2004 - The Summit Group is once again ranked in the Top Twenty-Five Consulting Firm in New York, according to the most recent survey published by Crain’s New York Business. The annual survey, which ranks management and technology consultancies based in New York, has become a standard benchmark of consultancy influence and excellence in the city's business community.

This year's ranking represents the fourth year in a row that The Summit Group has appeared in the Top 25, which reflects the success of the firm's emphasis on providing critically needed services such as Straight Through Processing consulting and Software Testing support. TSG has continued to provide management consulting and IT development support to many of the financial services industry's leading firms on a long term basis; and through its subsidiary, Securities Operations Forum (www.soforum.com), delivers essential educational programs to the securities industry.

"The financial services industry continues to deal with the most difficult market in decades, and the cost and competitive pressures on our customers are very significant," said Hal McIntyre, Managing Partner at The Summit Group. "TSG has continued its emphasis on adding highly qualified technical consultants and senior management consultants with a broad knowledge of the financial services industry to ensure that we will have the resources to help our customers meet these challenges," he added.