King of Prussia, PA, January 23, 1998 —The results of the National Fast 500 Award list have just been made public, and CoreTech Consulting Group, Inc. is pleased to announce that it has placed among the top 15% of the fastest growing technology companies in the Nation, coming in at #53 out of 500. This National honor was made possible due to the First Place ranking CoreTech achieved in the Eastern Pennsylvania regional contest announced this past Fall.

The Fast 500 contest is open to public or privately held companies that provide technology-based products or services. The rankings are based on revenue growth from 1992 through 1996, requiring at least $50,000 in revenue in 1992 and $1 million dollars in 1996. CoreTech’s earnings were roughly $390,000 in 1992, and $18.4 Million in 1996, showing a growth rate of 4,639%. CoreTech has further continued it’s growth this year, making the transformation from a regional company to a National one, opening offices Atlanta and New York.

When asked to comment on the significance of this ranking, CoreTech’s President David Moore stated, "Our company has distinguished itself by assisting our Fortune 1000 clients in the planning and implementation of technology change. Rapid enterprise growth is undoubtedly one of the most common forms of change, and much of our expertise stems from our ability to adapt and manage change within our own organization. The National recognition we have received through the Fast 500 award ranking serves to formally validate us as a high growth company. That paired with our Company’s market success is proof that we’re here for the long term."

The regional Fast 50 and National Fast 500 awards are sponsored by Deloitte & Touche LLP, one of the leading professional services firms in the United States, providing information control and assurance, tax, and consulting services.

Donna Palmer, Public Relations Manager for the Philadelphia office of Deloitte & Touche, LLP stated that she was, "thrilled for CoreTech’s outstanding National ranking. I am pleased that we helped to distinguish CoreTech regionally, so that they could compete for National standing. The Eastern Pennsylvania region seems to be a technology-friendly home for quite a few high growth companies. Of the regional Fast 50 List for Eastern Pennsylvania alone, 23 of the companies appearing on our list placed on the National Fast 500 List. That’s quite an accomplishment for the region."

About CoreTech Consulting Group

CoreTech Consulting Group is an Information Technology consulting firm that partners with clients to favorably manage the impact of new technologies throughout their organization. Solutions developed by CoreTech help companies reduce the risk, minimize the negative effects and ultimately provide greater business value by assisting their clients in understanding and managing the broad implications new technology may have on their organization, processes and people. CoreTech has regional offices located around the United States, including Philadelphia, New York, Baltimore, and Atlanta. More information about CoreTech may be obtained from www.CoreTech.com, or by calling 800-220-3337.