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FOR IMMEDIATE RELEASE
Contact:
Steve Pinchotti
Altum, Inc. (www.altum.com)
703-675-3606
steve.pinchotti@altum.com

Altum establishes a new office in North Carolina

Raleigh, NC. August 5, 2002 - Altum, Inc., a custom software development and consulting firm, announces the establishment of a new North Carolina office.

The new location is in the heart of Research Triangle Park (RTP) and has been established to expand Altum's life science practice and provide local service to pharmaceuticals, biotechnology, environmental sciences, material sciences, chemistry and scientific organizations.

Altum has placed David Fotheringham in charge of developing and managing its North Carolina office. Mr. Fotheringham has extensive experience in helping federal agencies and commercial companies leverage information technology to solve problems and maximize business performance. Mr. Fotheringham can be reached at david_fotheringham@altum.com, or at (919) 422-0199.

The address of Altum's North Carolina office is:

4819 Emperor Blvd.
Suite 400
Durham, NC 27703

About Altum, Inc.

Altum’s solutions help organizations monitor, measure, analyze, and improve their business by giving them control over their data. We are a professional software development and consulting firm that builds solutions that enable users to quickly access, analyze, and make informed decisions from the data locked up in corporate data sources. Our systems focus on results by using a proven and robust query and reporting framework. Our customers are delighted by cost-effective, high quality software solutions delivered on-time, on-budget, and with unparalleled customer service.

Altum’s software products include: AltumGRS™, a Grants Reporting System; AltumQR™, a Query and Reporting tool; AltumATS™ , an Advanced Text Search engine; AltumPDT™, a Professional Development Tool for employee evaluations and professional development; and AltumMedigent™, a robust content management system and online collaboration tool.

Altum is proud to be named to Deloitte’s prestigious Technology Fast 50 Program for Virginia two years in a row. In both 2003 and 2004, Altum was recognized as one of the 50 fastest growing technology companies in Virginia as well as one of the fastest 500 growing technology companies in North America (www.fast500.com).

Founded in 1997, Altum is a privately held corporation headquartered in Reston, VA; just outside Washington, D.C. with an additional location in Burlington, Vermont.


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