Mr. Andy Duncan reports

BOARDWALKTECH SIGNS MULTI-YEAR CONTRACT WITH GLOBAL PROFESSIONAL SERVICES FIRM AND APPOINTS STEVE BENNET AS CFO

Boardwalktech Software Corp. has signed a multiyear contract with a leading New York Stock Exchange-listed global professional services firm. The deal calls for the installation of Boardwalktech's Velocity product for Excel data management for a group of approximately 30 users within the client's finance subdivision. Management anticipates approximately $70,000 of annual recurring revenue (ARR) for the first year of deployment with an additional $40,000 of follow-on ARR.

"Companies continue to rely on the Boardwalktech Velocity product to aggregate, validate and provide an audit trail on mission-critical finance data," said Andrew Duncan, chief executive officer of Boardwalktech. "Our Velocity clients take what was a manual process, using e-mail to collaborate, and move into an enterprise-wide database solution that still uses Excel and the user interface, greatly improving processes and reducing risks. Velocity eliminates days from the legacy manual processes and delivers information so decisions can be made faster. This initial contract has the potential to scale up meaningfully over time."

Appointment of new chief financial officer

Boardwalktech announces that current director Steve Bennet has taken over as the company's CFO. Mr. Bennet brings over 30 years of experience as chief financial officer, investor and/or board member of over 100 technology start-ups in the Silicon Valley entrepreneurial ecosystem, primarily in the software, Internet and mobile sectors. Mr. Bennet is also the founder and managing director of the management consulting firm Bodega Partners. Mr. Bennet's executive roles as CFO include Rollbar, Xenio Systems, Qvivr, Callisto Media, Revel Systems, iControl Networks (acquired by Comcast), Appstores (acquired by InMobi), Greystripe (acquired by ValueClick), Fliqz (acquired by VBrick Systems), Valchemy (acquired by IBM), GolfWeb (acquired by CBS Sportsline), Orbital Data (acquired by Citrix), TextDigger (acquired by Federated Media) and Pharmacy TV Network (acquired by RMG Networks).

About Boardwalktech Software Corp.

Boardwalktech has developed a patented digital ledger technology platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data are the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital-ledger-technology-based platforms. Boardwalktech is headquartered in Cupertino, Calif., with offices in India and operations in North America.

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