EASi CEO Nominated as an Ernst and Young Entrepreneur Of The Year

Recognized for Building SaaS Company that Redefined Equity Compensation
Management and Reporting

PLEASANTON, Calif., March 24 /PRNewswire/ -- Equity Administration Solutions,
Inc. (EASi), the leading independent equity compensation management software
company, today announced that Vito Palmieri, CEO of the company, was nominated
as an Ernst and Young Entrepreneur Of The Year. Now in its 23rd year, this
prestigious, global award program honors outstanding entrepreneurs who have
inspired others with their vision, leadership and achievement.

Palmieri, a passionate Italian raised in Harlem and educated at Harvard, had
the perseverance, heart and business savvy to successfully bring EASi's SaaS
product to a market dominated by two competitors each with 20 years in the
industry. After putting up seed funding in 2003, Vito was asked by the
founders to serve as CEO. He is a well respected leader of a team that set out
to "redefine, not replicate" and provide an industrial strength accounting,
web-based solution to meet stringent compliance and reporting demands for
equity compensation management.

Founded in 2003, EASi launched its product a year later and introduced
superior FAS123R reporting functionality in 2006. Since then the resourceful
and prudent Palmieri has raised about $7 million through four formal financing
rounds to grow the business which now serves more than 400 customers.

"EASi's software as a service business model is a powerful platform for
delivering on a WorkStream vision that leverages enterprise collaboration,
automation and self-service to save time, save money and reduce errors,"
explains Mark Ebersole, President and Chief Technology Officer of EASi, chief
architect of the product and one of the original founders. EASi's elegant
architecture makes it the only company capable of delivering this WorkStream
vision.

"Vito has harnessed the powerful SaaS model to drive recurring revenue and in
just six years has built a company that's here to stay, despite a tough
financial market," said Jett Winter, President and CEO of Winter Advisors,
Inc., the Silicon Valley based investment bank that led the financing effort.
"As we have seen with Salesforce.com and NetSuite, customers flock to SaaS
companies to experience the benefits of secure online software that is always
current and to be free from dependence on in-house IT investment and support."
Winter also noted that Palmieri's team has been able to outmaneuver
competitors. "The elegant EASi product architecture combined with a rapid
software development life cycle has enabled EASi to bring innovations to
customers multiple times a year. Just as EASi did for FAS123R, the company is
poised to be first to market with IFRS 2 solution to support the mandate to
follow this global standard."

Beyond the SaaS model and agility, Palmieri's formula for success includes
hiring the best in the industry and a commitment to continuing education.
Palmieri received his MBA and AB in Economics from Harvard. "Vito trusts
people to do their best work, is generous with praise and encourages lifelong
learning," said Gordon Hillegas, JD, AVA, Vice President and one of EASi's
founders who has been in the valuation business for over 20 years and has his
certification as an accredited valuation analyst through National Association
of Certified Valuation Analysts. Leveraging continuing education as a key
differentiator for outstanding customer service and product design, Palmieri
has inspired more than half of the EASi team to pursue their Certified Equity
Professional (CEP) designation. The company pays for course materials and the
testing fee and provides professional study support. Palmieri's commitment to
education and personal growth also led him to start a school on the Indonesian
island of Gili Air after vacationing there.

As the first award of its kind, the Ernst & Young Entrepreneur Of The Year(R)
Award honors entrepreneurs through regional, national and global award
programs in over 125 cities and 40 countries. Past national winners of the
Ernst and Young Entrepreneur Of The Year award include names like Howard
Schultz of Starbucks, Wayne Huizenga of Huizenga Holdings, Pierre Omidyar of
eBay, Inc., Jeff Bezos of Amazon.com, and many other household names.

Each year, over 1500 nominations are received around the country. From those
nominations, approximately 250 Ernst & Young Entrepreneur Of The Year regional
winners are chosen in June by independent panels of judges in 26 programs
across the US.

Equity Administration Solutions, Inc. www.easiadmin.com sells industrial
strength stock plan expensing software designed to handle the accounting, tax
and administration needs of companies that grant equity awards. Headquartered
in Pleasanton, CA, EASi continues to lead the industry with second-to-none
solutions in areas including FAS123R, IFRS 2, Performance Awards and
WorkStream process automation. The company serves nearly one million
participants in more than 60 countries spanning four continents.

Contact: Amy Damianakes
EASi
amy@damianakes.com
(925) 937-4561

SOURCE Equity Administration Solutions, Inc.

Amy Damianakes of EASi, +1-925-937-4561, amy@damianakes.com