UST Global Appoints CFO

Business Wire,  June 30, 2008  

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ALISO VIEJO, Calif. -- UST Global(SM), a leading provider of IT services and solutions for Global 2000 enterprises, announced today that it has appointed Krishna Sudheendra as chief financial officer (CFO). In addition to managing the finance organization, he will be responsible for investor relations, corporate governance and ensuring a balance between growth, profitability and long-term shareholder value. The areas he will focus on range from strengthening compliance and processes in line with Sarbanes Oxley, adapting corporate governance practices, implementing enterprise-wide value based accounting, rolling out a global employee stock option program to evaluating large deals, joint ventures and mergers and acquisitions. Most recently, Sudheendra served as director of finance for UST.

"In his career, Krishna has demonstrated a very impressive results-driven commitment to solving the financial challenges enterprises face," said Sajan Pillai, chief executive officer, UST Global. "Throughout the five years he has been with UST Global, Krishna has made significant contributions to our success. Six months after joining UST, he significantly improved the company's profitability and obtained short-term and long-term strategic funding. His solid experience in treasury management and building financial systems, processes and controls in the IT services industry are a great foundation for his new role as CFO."

Sudheendra has more than 15 years in financial management and has spent most of his career in services outsourcing. He began his career doing auditing and consulting with Ernst & Young, then served in financial leadership positions in the IT and services space including setting up financial systems, processes and reporting for an R&D center for GE. Before joining UST, he was the global controller of First Apex, a niche IT product and services provider for the insurance industry.

He holds a bachelors degree in commerce from Bangalore University in India and earned his CPA in Denver, Colorado. Sudheendra is a member of the Institute of Chartered Accountants of India.

About UST Global

UST Global(SM) is a leading provider of end-to-end IT services and solutions for the Global 2000 market. UST Global offers a client-centric Engagement Model that provides the optimal mix of senior local resources with the cost, scale and quality advantages of offshore operations for each client. The company is known for its relentless focus on clients, flexibility, and commitment beyond contract. Headquartered in Aliso Viejo, California, UST Global has more than 5,500 employees worldwide and is certified globally as CMMI([R]) Level 5, P-CMM([R]) Level 5, and ISO 27001. For more information visit: www.ust-global.com.

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