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Valhalla, New York June 1, 2004: Today, GlobalServe announced the appointment of Mary Cirillo to the GlobalServe, Inc. Board of Directors effective April 29, 2004. Cirillo, an experienced executive and 25 year veteran of the financial services industry, replaces Jay Goldberg, of Hudson Ventures, who resigned from the board, also effective April 29, 2004.

Mary Cirillo has most recently served as the Chairman and Chief Executive Officer of OPCENTER. Cirillo was CEO of Global Institutional Services at Deutsche Bank. Prior to that, she ran the Global Relationship Banking Operations and Technology Group at Citibank which supported the operations and information technology needs of the North America, Europe and Japan capital markets, transaction services and corporate finance businesses. Mary was a member of the Banker's Trust Management Committee reporting to the Chairman of Bankers Trust and subsequently a member of the Deutsche Bank's senior management team post acquisition of Bankers Trust by Deutsche Bank. Mary was responsible for the Custody Services, Investor Services, Corporate Trust and Agency Services, and Cash Management businesses. These businesses operated in 62 countries and generated revenues in excess of $2 billion.

We're extremely pleased to welcome Mary to GlobalServe Inc.'s Board. Her addition enhances our Board's reputation as a strong, body that contributes to the success of our business, said Scott W. Andersen, President and CEO of GlobalServe. As an accomplished technology executive in the banking business Mary brings a broad perspective on global finanical business and buyer side experience to GlobalServe that will help position us for continued growth and success. Andersen continued enthusiastically, Mary's solid track record and impressive accomplishments speak for themselves. She is a tremendous addition to our board.

I'm excited to join GlobalServe's Board, as the company has a strong product set, a dedication to its customers' success and an excellent management team, said Mary I look forward to helping GlobalServe expand its leadership position, as the company aggressively moves to take advantage of unprecedented market opportunities.

Mary Cirillo joined Citibank in 1977 and served in a variety of strategy, planning, operations, product development, technology, and business management positions. She was the Division Executive for Global Cash Management Services where she architected the global business model for Transaction Products and created the worldwide leader for Treasury Services, led a Corporate Task Force in 1992 and 1993 aimed at helping Citicorp realize the objectives of its five point recovery plan, and was the Senior Corporate Officer for the Business Evaluation and Corporate Re-engineering Unit. Early in her career Mary worked as a management consultant at Ernst and Ernst, a product manager for Programming Methods, Inc. and a programmer/analyst at ATT.

In 1987 Mary Cirillo was voted into the Academy of Women Achievers of the YWCA. She was the recipient, in 1994, of The STAR award from the New York Women's Agenda which honors the top business and professional women in NY and in 1995 was honored by NextStep for her efforts in the area of workforce diversity.

Mary Cirillo currently serves as a director of Quest Diagnostics, Inc., Teterboro, NJ; DealerTrack, Melville N.Y. and is on the Advisory Board of Hudson Venture Partners, NY. She formerly served as a board member of the Financial Services Roundtable and was a former director of Digital Island and Cisco Systems Inc.

Her civic activities include serving on several not-for profit boards. She is Chairman of the Board of Directors of The Roundabout Theatre Company and serves as a board member at The Friends of the Family Academy in New York City; BEST, San Diego CA; the Advisory Board for the School of Arts and Sciences of New York University; and the Advisory Board of the Cancer Center of the Albert Einstein College of Medicine.

GlobalServe, Inc. is the premier provider of Global Information Technology, Supply Chain and complete IT Life Cycle Management and offers worldwide IT supply, support and savings, globally managed, locally delivered. GlobalServe enables customers to procure, deploy and support technology assets or services in any country or currency, anytime from anywhere in the world.


For more information contact: Melanie Bolan, Executive Vice President, Legal Affairs and Administration, at 914-729-6892
or melanie.bolan@global-serve.com.

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