Business Services Industry

Velocity Technology Solutions, Inc. Acquires Lawson ERP Hosted Line of Business from Siemens Medical Solutions Health Services Division

Business Wire, April 5, 2007

NEW YORK -- Velocity Technology Solutions, Inc., a leader in providing enterprise software application management, hosting, and consulting services announced today that it has acquired the Lawson hosting (ASP) line of business from Siemens Medical Solutions Health Services division (www.usa.siemens.com/healthcareit). This acquisition makes Velocity the largest provider of Lawson hosted solutions.

Leveraging more than 20 years of experience, Velocity deploys enterprise software solutions for businesses and organizations within major public and private sector industries throughout North America. Velocity's total solution provider capabilities, which include planning, implementation, training, application management, hosting, financing, and project management, have established it as the leading enterprise software outsourcing and consulting service provider. The company's exclusive strategic alliance with Verizon Information Technologies enables support of virtually every technology platform and permits unprecedented flexibility in developing comprehensive and tailored solutions for clients including fully managed application hosting, remote application management, and disaster recovery services. The healthcare sector has widely adopted Lawson applications as a standard and the addition of these healthcare providers as clients further advances Velocity's strategy of crossing deep industry experience with broad technical capabilities.

"This announcement marks another milestone for Velocity as we continue to build our company organically and through high-quality acquisitions," said Tom Bruno, President and CEO of Velocity. "We are proud to welcome the Siemens Lawson hosted clients to the Velocity family. We are committed to providing them with personalized, high-quality application hosting and extending to them our full range of consulting and software support services. It has been a great pleasure working with the Siemens team during this transaction. Our continued relationship with the Siemens Health Services division will ensure seamless ongoing integration to their healthcare software solutions."

"The divestiture of Siemens Medical Solutions Lawson ASP business aligns to our Health Services division's go-forward portfolio strategy," said Luis Castillo, Senior Vice President of Foundations Enterprise Systems, Health Services, the Healthcare IT division of Siemens Medical Solutions. "Both Siemens Medical and Velocity are committed to working together to provide for a smooth transition, ensuring that our customers do not experience any disruption in service and support during the migration. We are confident that this transition is in our customers' best interest and we are working aggressively to ensure that customers have all of the information necessary to move from Siemens to Velocity ASP."

About Velocity Technology Solutions, Inc.

Velocity Technology Solutions, Inc. is a leader in providing enterprise software application management, hosting and consulting services. With more than 20 years of experience, Velocity provides IT solutions to service and product oriented sectors such as public services, healthcare, financial services, retail, food and beverage, fashion, and manufacturing and distribution. Velocity is known for its trained and certified professionals, high-touch personalized services, risk mitigating approach, and focus on improving business operations. Velocity has pioneered a unique approach to software hosting which is focused on proactive client services and a world-class infrastructure provided through an exclusive relationship with Verizon Information Technologies. Please visit www.velocityus.com or call (866) 299-4998 for more information about Velocity.

About Siemens Medical Solutions

Siemens Medical Solutions of Siemens AG (NYSE: SI) is one of the world's largest suppliers to the healthcare industry. The company is known for bringing together innovative medical technologies, healthcare information systems, management consulting, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes. Recent acquisitions in the area of in-vitro diagnostics - such as Diagnostic Products Corporation and Bayer Diagnostics - mark a significant milestone for Siemens as it becomes the first full service diagnostics company. Employing more than 41,000 people worldwide and operating in over 130 countries, Siemens Medical Solutions reported sales of 8.23 billion EUR, orders of 9.33 billion EUR and group profit of 1.06 billion EUR for fiscal 2006 (Sept. 30). Further information can be found by visiting www.usa.siemens.com/medical-pressroom.>