CHICAGO, May 20th 2004 -- Rolfe & Nolan Systems Inc. announced a five-year renewal by Pioneer Futures, Inc. for RISC, Rolfe & Nolan’s comprehensive futures and options back-office processing system. In addition, Pioneer also contracted for an account inquiry module that offers Web-based position and equity information, a web reporting module that offers access to reports, and Business Objects^®, a report writing and data-mining tool that works in conjunction with RISC’s open database. As part of its Application Service Provider (ASP) business model, Rolfe & Nolan will provide all hardware, communications, application processing, and exchange connectivity requirements to Pioneer.

“Pioneer’s decision to renew and expand its partnership with us reflects an industry trend in which firms, more than ever before, realize the value of an experienced Application Service Provider like Rolfe & Nolan,” said Bob Sylverne, chief executive officer of Rolfe & Nolan Inc. “Despite the existence of new entrants in the market, firms are recognizing the substantial benefits an established local solution provider can offer. Our many years of product development, spurred by the collective input from a very large client base, have allowed Rolfe & Nolan to deliver the most functionally rich products and services in the industry.”

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