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FOR IMMEDIATE RELEASE

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

Altum Appoints New VP of Business Development

Chanillly, VA. December 2, 2002 - Altum, Inc. today announced that Mr. Richard Schrader recently joined the company as Vice President of Business Development. Mr. Schrader joins Altum with twenty years of sales experience; fifteen of them in the federal government. His achievements include:

•  Over ten years experience in federal sales for Computer Associates International
•  Four years as National Director Federal Systems at TALX, delivering federal solutions and growing revenues by    $10M in the federal sector
•  Development of two e-gov concepts: Web-enabled federal retirement calculator and the US Forest Service single    sign-on Dashboard used in the US Forest Service ConnectHR system.

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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