Press Release

PVBS Announces Bernard Mustafa Joins Company as CEO

Seasoned Veteran Expert in Bringing Accounting and Financial Management Solutions to Government Contractors

Reston, VA (June 1, 2004) – Pleasant Valley Business Solutions (PVBS), Microsoft’s leading provider of government contractor financial management and project accounting solutions, announced that Bernard Mustafa has joined the company in the position of Chief Executive Officer, effective June 1, 2004. Mustafa, a seasoned executive with deep experience bringing financial and accounting solutions to government contractors, has a long and varied career at companies as diverse as American Express, Corning Hazelton, and government contractor Standard Technology, Inc. He has also has run successful independent consulting practices over the years.

“Microsoft offers a better solution than what’s been available in the past to high-growth government contractors for project accounting and financial management,” said Mustafa. “PVBS offers a project management solution unlike anything else on the market for high-growth mid-sized companies that help these companies better manage and maximize their government contracts.”

“Government contractors are facing significant challenges and I believe PVBS has the right solution to help address these challenges. This is a company with a great product offering that government contractors will flock to,” said Mustafa. “For too long, companies that service the Federal Government have had to settle for poorly integrated, older and non-intuitive technology. Our solution, based on Microsoft Dynamics NAV, offers them a flexible, modern system that their employees will gravitate towards immediately.”

Prior to PVBS, Mustafa was Chief Operating Officer (COO) and minority partner at Standard Technology from December 2000 to June 2003. Standard Technology is a government contractor with 200 employees in 16 states. He was responsible for creating an organization that is innovative and responsive to client needs. He used his consulting expertise and financial experience to enhance skill sets of STI managers and staff. Prior to joining STI, Mustafa was a Director at American Express Company, leading the Rockville office of American Express’s accounting and consulting division. In this capacity, he provided strategic direction and vision to 100 consultants and professionals. Prior to American Express, he was partner at Integrated Business Systems (IBS), a leading reseller of Navision focusing on distribution and manufacturing.

Prior to American Express, he was Director of the Chemistry Division at Corning Hazleton. While there Mustafa introduced an array of technological solutions to labor intensive business practices that dramatically improved product quality, reduced cost and increased market share. As controller, he led the development and implementation of a standard cost accounting system that led to a strong system of management accountability.

Mustafa has a bachelors of science degree in Accounting from the University of Baltimore and a Master’s of Business Administration in Finance from Morgan State University. He also is a certified public accountant (CPA) in the states of Maryland and Virginia and is a certified management accountant (CMA).

About Pleasant Valley Business Solutions (PVBS)

Pleasant Valley Business Solutions (PVBS), a “Microsoft Business Solutions President’s Club Member 2007,” offers the Microsoft alternative for government contractor ERP, financial management and project accounting. Microsoft offers a better project accounting and financial management solution than what’s been available in the past to high-growth government contractors. Only PVBS offers a Microsoft Dynamics NAV solution that was created specifically for high-growth government contractors, to help these companies better manage and maximize their Federal Government business. PVBS is based in Reston, VA. Visit PBVS at www.pvbs.net.