CEO of Capital One Auto Finance Joins Valen Technologies' Board of Advisors; Industry Veteran Dave Lawson to Advise Provider of Decision Enabling Software

Business Wire, Oct 14, 2003

Business Editors/High-Tech Writers

DENVER--(BUSINESS WIRE)--Oct. 14, 2003

Valen Technologies, the leading provider of decision enabling software, today announced that Dave Lawson, CEO of Capital One Auto Finance, has joined its board of advisors. Mr. Lawson brings to Valen over two decades of leadership experience at financial services companies, most recently at Capital One Auto Finance, which he led to become the largest auto lender in the United States. Together with an existing board of exceptional advisor members, Mr. Lawson will lend his industry experience and thought leadership to Valen Technologies.

"I have great respect for Valen's management team and their innovative software," said Mr. Lawson. "Valen is dramatically changing the way companies run their businesses by giving them the never before seen ability to make consistently accurate core business decisions. I am truly confident that Valen will continue to expand and I look forward to having a hand in the company's successes."

"As an advisor, Dave adds another cornerstone to Valen's emerging leadership in the decision enabling software field," said Dax Craig, President and CEO of Valen Technologies. "His deep expertise and experience in guiding the growth and success of companies at all stages of development will be invaluable to Valen as we penetrate our first markets in the insurance and financial services sectors."

Prior to heading Capital One, Mr. Lawson held executive positions at Arthur Andersen & Co., Western National Bank and J.D. Young Leasing. Mr. Lawson has also sat on the board of directors for Circle of Friends- Childhood Cancer Support Group and the Tulsa Regional Medical Center. For his efforts in public service, Mr. Lawson was awarded the Tulsa Chapter of CPA's Public Service Award. He is also a Trustee and Chairman of the Finance Committee of the University of Tulsa.

About Valen Technologies

Founded in 2002, Denver-based Valen Technologies develops decision enabling software that helps companies make better core business decisions. Companies in any industry can use Valen's software to improve day-to-day business processes, procedures and operations that directly impact profitability. To give users highly accurate predictions that can immediately be applied to real business problems, Valen's software analyzes all variables of a data set on the most granular level. Valen's first target market is the insurance industry where Valen's software has been tested and proven by major carriers to reduce loss ratios by as much as five percent. Valen can be reached on the Web at www.valentech.com.