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

The National Institutes of Health selects Altum for an Enterprise Scientific Reporting System

Reston, VA. October 8, 2003 - Altum, Inc. today announced that the National Institutes of Health (NIH), Office of the Director, has selected Altum to develop an NIH-wide enterprise scientific reporting system. This system is based on Altum's proven grants reporting system, AltumGRS™, in use at ten Institutes, Centers, and Offices at the NIH. The system will be developed over the next three months and used to collect, consolidate, and report on scientific disease areas across the 27 Institutes and Centers (ICs). Accurate data collected from each of the ICs is critical for budgeting and reporting purposes. The system will save money by providing a streamlined business workflow and ensuring accuracy of the collected data.

"Altum is proud to be selected by the NIH to develop this system. It represents the culmination of six years of partnership with NIH in delivering solutions to streamline the grant tracking and reporting that is so essential to the NIH mission," stated Ken Fang, President and CEO of Altum, Inc.

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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