Wachovia Securities Selects NewRiver FundPOINT Data Solution; Compliance Grade Data Feed to Enhance Trade Verification and Breakpoint Calculation Systems

Business Wire, August 30, 2005

ANDOVER, Mass. -- NewRiver, Inc., the leading expert in compliance data technology, today announced that Wachovia Securities, LLC, the nation's third largest full service retail brokerage firm, has selected NewRiver's FundPOINT Data(SM) solution for its mutual fund trade verification systems.

"NewRiver has the only data feed that consistently sources mutual fund data from SEC EDGAR mutual fund filings," said Melinda Warren, Assistant Vice President, Compliance Control Manager, Packaged Products. "With daily updates, we are able to offer another layer of support to ensure our investors receive the most accurate and current mutual fund rules." FundPOINT Data uses NewRiver's patented process technology for capturing all pertinent daily filings in the SEC's EDGAR system.

"We are extremely pleased to have Wachovia Securities as a new client," said Roland Beaulieu, NewRiver's President and CEO. "There is a clear need across the mutual fund and financial services industry for timely and accurate data. Wachovia's decision to select FundPOINT Data, based on our patented processing ability to source data directly from EDGAR and to provide daily updates, validates that NewRiver is uniquely positioned with the most-accurate and timely data-feed solution available."

About NewRiver

NewRiver, Inc. is the leading expert in financial-data technology that cost-effectively delivers the most-reliable and customized financial information to investors and advisors. These technology solutions, coupled with NewRiver's innovative combination of financial expertise and patented processes, enable financial institutions and intermediaries to build and strengthen customer relationships. NewRiver delivers bottom-line results by providing the most-actionable information available and effectively streamlining processes that make it easier for investors and advisors to do business with institutions and intermediaries. NewRiver currently serves more than 100 top financial companies, including American Express, Charles Schwab & Co., E*TRADE, Great-West Life & Annuity Insurance Company, Lincoln Financial Group, LLC, Merrill Lynch, Morgan Stanley, TD Waterhouse Group, Inc., UBS PaineWebber, and Wachovia Securities. NewRiver is headquartered in Andover, Massachusetts. For more information, visit www.newriver.com.

About Wachovia Securities

The nation's third largest full service retail brokerage firm with more than $645 billion in client assets, Wachovia Securities provides financial advisory, brokerage, asset management and other financial services through more than 10,300 registered representatives in more than 3,300 locations nationwide.(a) Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, member NASD/SIPC

(a) As of 3/31/2005.