eSignLive appoints former MDS Pharma Services executive as Chief Financial Officer

September 4, 2001

Montreal, Qc, September 5, 2001 – Silanis Technology Inc., a leading provider of electronic signature and approval management software, today announced the appointment of David Moszkowski as the company’s Chief Financial Officer. With over 30 years experience working for both public and private multinational manufacturing and service corporations, Mr. Moszkowski will play an integral role in Silanis’ overall corporate growth strategy. His responsibilities include all accounting and financial planning as well as reviewing and revising internal controls and risk management policies. In addition, Mr. Moszkowski will be the interface with external auditors, investment bankers and shareholders.

“Over the span of his career, Mr. Moszkowski has acquired vast experience in implementing consolidated financial reporting systems and enterprise resource planning strategies to meet the demands of a public company,” said Tommy Petrogiannis, President of Silanis. “The knowledge he’s gained in negotiating large acquisitions, and taking companies public will be invaluable for Silanis as we cement our position as the dominant player in the electronic signature market and continue to prepare for an IPO (Initial Public Offer).”

Prior to joining Silanis, Mr. Moszkowski held the position of Chief Financial Officer & Senior Vice-President Finance, Legal and Procurement at MDS Pharma Services, formerly Phoenix International Life Sciences Inc., where he was responsible for restructuring operations and simplifying financial reporting, following the successful acquisition of 10 additional business units. In that role, he listed the company on the NASDAQ market and successfully negotiated the sale of Phoenix International Life Sciences Inc. to MDS Inc.

Mr. Moszkowski was also the Chief Financial Officer at Velan Inc., where his responsibilities included the planning and implementation of financial and project reporting and control mechanisms, as well as the managed acquisition of fixed assets. He played a key role in the negotiation and acquisition of two $10 million companies, and was instrumental in the restructuring and implementation of a consolidated financial reporting system. In addition, Mr. Moszkowski served as the Chief Financial Officer at Volcano International Inc., where his responsibilities included managing financial activities related to budgets and planning, treasury, insurance, administration and human resources.

Mr. Moszkowski received his B.Com from Concordia University and his CA certification from McGill University in Montreal. He is a member of the Order of Chartered Accountants of Quebec and the Financial Executives International Canada. He has also lectured in introductory and intermediate accounting at Concordia University.

About Silanis

Founded in 1992, Silanis Technology, Inc. enables people to spend less time managing paper and more time driving business forward faster and more efficiently with the ApproveItä family of electronic signature products. Over 900 customers in the financial services, government, manufacturing, health and pharmaceutical sectors use ApproveItä Desktop software to sign electronically. This includes the US Joint Chiefs of Staff, the US Army MEDCOM, GMAC Commercial Mortgage, Nationwide Insurance and Dell Financial. Silanis also offers ApproveIt Collaboration Server for legally binding B2B e-signing. Silanis’ sales HQ is located in Washington, DC, and its R&D center in Montreal, Canada. The company also has a regional office in Campbell, CA, and sales and customer support units in other US cities, in addition to a network of value added resellers and integrators worldwide.

ApproveIt is a trademark of Silanis Technology, Inc. Other names and brands mentioned herein may be the trademarks of their respective owners.

For additional information:

Andrea Simmons Silanis Technology (514) 337-5255 ext. 1152 e-mail: [email protected]