Jeffrey H. Singer Joins Executive Council of New York Board of Advisors
NASDAQ Executive Brings Wealth of Technology and Financial Expertise to Leading Business Organization
New York, NY, June 14, 2004

The Executive Council of New York today announced the appointment of Jeffrey H. Singer, vice president of the Eastern Region at The NASDAQ Stock Market, to its board of advisors. With experience in both the technology industry and financial markets, Mr. Singer will contribute to broadening the Council's reach as it serves the community and its members.

"The Executive Council provides a unique service to the New York business community," said Mr. Singer. "I look forward to actively contributing to the educational, networking and advocacy programs of the group and helping to foster leadership and economic growth in New York."

Mr. Singer has extensive retail supply chain and software background, with specialties in consulting, complex sales and software implementation development. Prior to joining NASDAQ, he served as president and CEO of 4R Systems, a software company, and as the General Manager of the Apparel Footwear Industry Group at SAP. As regional vice president of the Eastern Region at NASDAQ, Mr. Singer is responsible for maintaining the exchange's leading market position in the east coast, attracting new business and cultivating new customer relationships.

"The addition of Jeff to our board of directors is a great confirmation of the value both he and NASDAQ have placed on our programs and services over the years," said Robert Johnston, president of The Executive Council. "We look forward to working closely with him on developing our organization and services and to benefiting from his insights into the needs of the New York business community."

Mr. Singer has an M.B.A. from the Harvard Business School and a B.S. in International Finance from Brigham Young University. He joins the current Executive Council board of directors, whose members include Chip Austin, Managing Principal, I-Hatch Ventures; Ray Kalustyan, vice president, EDS, Robert Schwed, Partner, Wilmer Pickering Hale and Dorr; Donna Iucolano, president, e-Scholastic, Martin Cassidy, Director, Microsoft Corporation; Savio Chan, CEO, US China Partners; Mark Hanny, Vice President, IBM; Robert Levitan, co-founder, Dotomi USA; and Patricia Traynor, Vice President, AT&T.

About the Executive Council The Executive Council is a non-profit organization that brings together New York's business community for the purposes of fostering knowledge-sharing and business networking in a professional environment. The Executive Council programs focus on critical business and leadership issues at the intersection of technology and business, with unique industry programs focusing on venture capital, security, and corporate governance, among others. The Executive Council Corporate Members range from AT&T, IBM and Microsoft to TimeWarner, Citibank, and Merrill Lynch as well as many other large and emerging growth technology and financial services companies and major law and accounting firms.