NewRiver Grows Customer Base with over Thirty New Financial Institutions

Media Contact:

Len Driscoll
Vice President, Product Management
NewRiver, Inc.
len.driscoll@newriver.com 
978-247-7296

For Immediate Release

New Customers, Significant Renewals, Product Initiatives, and Management Team Additions
Drive Strong Growth in Fiscal Year 2006

Andover, Mass., September 28, 2006 - NewRiver®, Inc., the industry leader for electronic compliance and intelligent document services for the financial brokerage and retirement industries, today announced its fiscal 2006 year-end results.  A milestone year that was driven by new customer wins, the expansion of existing customer relationships, significant new product releases, and new management team additions, which together produced record results for the Fiscal Year ending June 30, 2006.

NewRiver saw broad-based market demand for its electronic compliance and intelligent document solutions, adding over thirty new customers in Fiscal Year 2006.  New customer wins included North American market leaders such as Allianz/USAllianz Securities; Coates Analytics; E*Trade Securities; First Allied Securities; MFS Retirement Services; Park Ave Securities, an indirect Wholly-Owned Subsidiary of The Guardian Life Insurance Company of America; Southwest Securities; True North Financial Services; and, Wachovia Securities.

Additionally, nearly 100% of the company's current customers renewed their relationships with NewRiver.

"NewRiver's strong growth in Fiscal Year 2006 was driven by increasing demand for our FundPOINT® Desktop and FundPOINT Data solutions for the financial brokerage securities industry," said Russell Planitzer, Chief Executive Officer.  "Additionally, Fiscal Year 2006 produced record results for NewRiver's Intelligent Delivery Services solutions.  In Fiscal Year 2007, we expect to see continued growth and adoption of our industry-leading solutions to help investors, and the firms that sell and service them, do so in ways that are both cost-efficient and compliant with current and proposed SEC and NASD rules.  Be they brokerage, variable product, retirement, or fund providers, we have solutions that offer uniquely powerful alternatives."

Other Fiscal Year 2006 Highlights:

In Fiscal Year 2006, NewRiver enhanced its management team with several industry expert individuals.  Russell Planitzer, Chairman of NewRiver's Board of Directors since 2002, assumed the position of Chief Executive Officer in March, 2006.  Mr. Planitzer added the following individuals to NewRiver's management team:

• Stoddard Rowley as Vice President of Sales, formerly a senior sales executive with Thomson Financial.
• David Brown as Vice President of Technology and Operations, formerly a senior technology executive with Dun & Bradstreet.
• Robert King as Vice President of Professional Services, formerly a senior professional services executive at Siebel Systems.

The new management team members join Christopher McMann, Chief Financial Officer; Leonard Driscoll, Vice President of Retirement Products; Jeff Levering, Vice President of Brokerage Products; and Alex Magary, General Counsel.

The management team is supported by its industry-recognized Board of Directors, including:

• Steven M. Brackett, General Partner, Ironside Ventures
• Barry Cohen, Ph.D., Executive Vice President for Strategic Services and Partners, PTC
• Keith Hall, Senior Vice President and Chief Financial Officer, LendingTree, LLC
• Arthur Loring, Former Senior Vice President and General Counsel, Fidelity Management & Research Co.
• Gerald Poch, Senior Managing Director, Infrastructure & IT Services, Pequot Ventures

New product introductions during Fiscal Year 2006 included:

• Share Class SuitabilitySM feature added to FundPOINT Desktop, offering the first tool to help identify the appropriate share class for mutual fund investors.
• Market Timing rules, in the form of XML-based data, for every mutual fund updated daily.
• Retirement share class, or "R-Share", data for funds focused on retirement plan offerings.

Additional Fiscal Year 2006 highlights included:

• Five of the top ten Broker-Dealers in the United States are now NewRiver customers.
• Finishing its second year of availability, FundPOINT Desktop has achieved a 15% market share of all registered representative desktops, including several of the world's largest financial institutions.
• Three of the top ten Retirement Services institutions in the United States are now NewRiver customers.
• Received equity financing of $7,500,000.
• Several major brokerage firms contracted with NewRiver to utilize Prospectus ExpressSM for First Dollar e-delivery, thereby reducing traditional print transactional fulfillment costs by 75%.

About NewRiver, Inc.

NewRiver, Inc. is the industry leader for electronic compliance and intelligent document services for the financial brokerage and retirement industries.  NewRiver's solutions enable financial brokerages, retirement plan providers, variable annuity providers, and retirement plan record keepers to dramatically decrease operations expenses, to strengthen customer and business partner relationships, and to improve the productivity of their employees. NewRiver currently serves more than 100 top financial companies, including Allianz/USAllianz Securities; Coates Analytics; E*Trade Securities; First Allied Securities; Lincoln Financial Group; MFS Retirement Services; Park Avenue Securities, LLC, an indirect Wholly-Owned Subsidiary of The Guardian Life Insurance Company of America; Southwest Securities; UBS PaineWebber; and, Wachovia Securities.  NewRiver is headquartered in Andover, Massachusetts.  For more information, please visit www.newriver.com.

Copyright © 2006, NewRiver, Inc.  All Rights Reserved.