Vitech Systems Group Opens Mississippi Office

Office to Support Regional Client Base and National Accounts

NEW YORK, Oct. 20 /PRNewswire/ -- Vitech Systems Group, Inc., a leading
provider of enterprise software to group benefit and public pension funds,
announced today the opening of a new regional office in Ridgeland,
Mississippi. This office will house a team of local employees that will
service both regional and national accounts.

"Vitech is pleased to become a member of the Mississippi business community,
and we are excited to benefit from the region's dynamic and talented work
force," said Vitech's President, Frank Vitiello. "Our new Jackson-area office
will help us better serve our growing client base in the southern and
mid-western states, while also acting as a quality assurance center for Vitech
projects around the country."

"We are pleased that Vitech has chosen to establish a base of business in our
community and we welcome Vitech to the region," said State Senator Walter
Michel, Chairman of the Mississippi Economic Development Committee.

This new office will be focused on the implementation and support of Vitech's
V3 Benefits Administration System. V3 is the system of choice for more than 40
organizations nation-wide who collectively administer benefits for more than 7
million people in the United States. The company's focus on providing
industry-leading solutions for its customers has enabled it to become the
nation's leader in the development, implementation, and support of software
and systems for multi-employer and public benefit fund administration.

About Vitech Systems Group
Vitech Systems Group is a leading, national provider of web-based enterprise
system solutions to mid-sized and large pension and health plans. Vitech
develops and deploys the V3 Benefits Administration System, a powerful,
world-class software solution. Headquartered in New York, NY, Vitech supports
its growing customer base with a global staff of 500 professionals. Visit
www.vitechinc.com or e-mail Vitech at sales@vitechinc.com.

SOURCE Vitech Systems Group, Inc.

Laura Sankowich, Vitech Systems Group Corporate Communications,
+1-646-344-5584, lsankowich@vitechinc.com