Heinz Deploys Paisley Consulting's Risk Navigator Solution across Its Global Enterprise; More than 2000 Users Worldwide Will Benefit from Risk Navigator's Integrated Compliance Architecture

Business Wire, July 5, 2005

COKATO, Minn. -- Paisley Consulting, a leading provider of business accountability software, today announced that H.J. Heinz Company (NYSE:HNZ) has chosen Risk Navigator(TM) for Sarbanes-Oxley. Providing integrated compliance architecture for the company, the Risk Navigator solution is a tool to help manage immediate regulatory compliance demands as well as establishes long-term corporate governance and risk management practices.

Heinz is one of the world's leading marketers and producers of branded foods in ketchup, condiments, sauces, meals, soups, seafood, snacks, and infant foods. Heinz is a global family of leading brands, including Heinz (R) Ketchup, sauces, soups, beans, pasta and infant foods.

"We selected Risk Navigator because it provides a comprehensive and user-friendly solution for compliance," said Jim Traut, Assistant Controller at Heinz. "We look forward to working with Paisley Consulting and expect to benefit from its ability to maximize efficiency and reduce any unnecessary time and costs associated with this compliance process."

"Paisley Consulting's customer base can always rely on our strong domain expertise to help address even the most complex enterprise risk management and compliance issues. The decision for Heinz to invest in Risk Navigator further validates that point as well as our strong commitment to customer satisfaction," said Tim Welu, CEO of Paisley Consulting. "Paisley Consulting is very proud of the work we've done with Heinz to date and are pleased to have the opportunity to extend our relationship with the Risk Navigator implementation."

Risk Navigator is an automated solution that is easily customized and implemented and establishes company-wide accountability through reliability and involvement related to ongoing compliance demands. The product supports Sarbanes-Oxley compliance for sections 302 and 404, additional corporate governance requirements and provides a long-term platform for enterprise risk management. Scaleable to support globally dispersed organizations, the flexible platform can evolve to meet evolving regulatory and organizational requirements. Self-assessment surveys establish greater control for organizations to customize processes based on unique requirements. Role based security safely distributes responsibilities and allows information to be appropriately shared through ad hoc reporting capabilities. Risk Navigator is one solution that provides total enterprise risk management control.

About Paisley Consulting

Paisley Consulting is a leading provider of business accountability software and services for compliance, enterprise risk management, control self-assessment, risk analysis and audit management. More than 1,000 organizations around the world use the company's market-leading suite of integrated software solutions to ensure accuracy of internal controls, meet and manage key operational risk requirements, and dramatically reduce the time and costs associated with risk management and Sarbanes-Oxley compliance.

Customers represent 30 percent of Fortune 100 companies, as well as the Big Four public accounting firms and federal and state government agencies. Key software offerings include The Paisley Solution, Risk Navigator(TM), CARD(R)map, Focus Control Assurance Software(R), and AutoAudit(R). The company specializes in comprehensive workshops that include Collaborative Assurance & Risk Design(TM), Sarbanes-Oxley compliance training courses, and operational risk management consulting. The company partners with EMC Documentum, Ernst & Young, and Deloitte. For more information visit www.paisleyconsulting.com.