Guidance Employees Purchase Company from Founders

Buyers Jason Meugniot, CEO, and Jon Provisor, CTO, to Increase
Hiring and Investments in R&D in 2008
MARINA DEL REY, Calif.--(Business Wire)--
Guidance (http://www.Guidance.com), a specialized technology
advisor that envisions, builds and supports web technology solutions
that help businesses thrive online, today announced that Jason
Meugniot, CEO, and Jon Provisor, CTO, have purchased the company from
its original founders. The sale was completed on January 30. Terms
were not disclosed.

Both Meugniot and Provisor have been with Guidance for almost 10
years and have shared full control over day-to-day operations since
2003. As owners, they plan to pursue a new growth strategy while
delivering exceptional value to its portfolio of clients.

"This is personal for both me and Jon - we love the company, our
employees and clients, and we're thrilled to be in control over our
future direction," said Meugniot. "The founders - each of them good
friends of mine for many years - created an amazingly successful
company. And to me it says a lot that they would sell it to us and
give us the chance to steer Guidance forward."

Guidance employees and clients will not be affected by the
transaction. According to Meugniot, the company's focus remains the
same: to help companies seize opportunities and solve problems through
the innovative and practical use of technology. Guidance will still
provide leading expertise in e-Commerce, business intelligence and
managed services, for clients like Foot Locker, Z Gallerie, Bentley
Prince Street, GEARYS Beverly Hills, Relax the Back, Salvation Army,
and many others.

Provisor explained that Guidance will now be in a position to
consider investments in research and development and hiring more
staff, and to examine the potential for mergers and acquisitions, as
appropriate.

"This is an exciting step for us as we've put our hearts and souls
into Guidance over the past several years," said Provisor. "It opens
up so many possibilities for growth, and that benefits everyone we
work with."

Original founders Joe Tang, T.K. Pillan and Vijay Kotrappa
launched Guidance in 1993. Tang and Kotrappa plan to remain as
minority shareholders.

"Both Jason and Jon believe in Guidance enough to purchase the
company - that should say a lot about their commitment to the
company's employees, clients and business partners," said Tang. "The
only reason we considered selling was to give the team that's in place
now the same chance we had - as original founders - to take ownership
of Guidance, continue building on its achievements and reap the
rewards of having a stake in your own company's success."

About Guidance

Since 1993, Guidance (www.guidance.com) has helped companies seize
opportunities and solve problems through the innovative and practical
use of technology. Guidance envisions, builds and supports inventive
web technology solutions that help businesses thrive online.
Specializing in e-Commerce, multi-channel retail, e-Business, business
intelligence applications and managed services, Guidance drives
increased revenue and efficiency for clients across a range of
industries. Members of the Guidance team are seasoned professionals,
passionately committed to providing technical leadership and powering
ingenuity. Key clients include Foot Locker, GEARYS Beverly Hills,
Relax the Back, Salvation Army, and many others. Guidance is based in
Marina del Rey, Calif.

Edge Communications, Inc.
Ken Greenberg, 818-990-5001
ken@edgecommunicationsinc.com

Copyright Business Wire 2008