Financial Recovery Technologies Announces New Management Hires

Experienced Industry Leaders to Manage Significant Growth of Global Settlement Recovery Services

MEDFORD, MA, MAY 18, 2012– Financial Recovery Technologies LLC (FRT), the leader in class action settlement recovery, today announced the hiring of two new senior employees: John Amirsakis, Senior Vice President, Sales, and Steven Longley, Senior Vice President, Corporate Development.

Mr. Amirsakis brings extensive experience in the investment community and a history of driving revenue growth to FRT. Prior to joining the company, Amirsakis was the Vice President of Sales for the Americas at NYSE Technologies, where he led a sales team offering a range of financial technology solutions, including market data, infrastructure, enterprise software, and platform and transaction services. Prior to NYSE Euronext, Amirsakis held senior sales management roles at several growth companies servicing the financial services community. Most notably, Amirsakis helped lead the sales effort at CCBN StreetEvents from launch until the company’s sale to Thomson Financial. Under his leadership, the StreetEvents sales team grew from 3 to 25 and recurring, subscription revenue increased from zero to more than $30 million.

“I’m ecstatic to be part of the FRT team,” Amirsakis said. “They’re the leader in the claims recovery industry with a strong team in place, and I’m looking forward to the opportunities this position will bring.”

Mr. Longley brings a strong track record of building technology solutions and managing teams that help financial firms improve efficiency and drive operational excellence. As SVP of Corporate Development, Longley is charged with building strategic partnerships that drive FRT’s revenue growth. Prior to FRT, Longley was Global Head of Business Development and Strategy for the Reuters editorial division of Thomson Reuters, responsible for driving third party partner contributions to the Reuters Insider product, a multimedia news platform for the financial markets. Longley previously held senior sales positions at Thomson Reuters, offering investor relations and capital markets solutions to public companies while consistently ranking among the top performing sales executives on their global team.

“FRT has a unique opportunity to drive significant growth through partnerships and new products, and I’m excited to be a part of that growth story,” said Longley.

FRT is the industry leader in helping investors maximize recovery from securities class action settlements, working with some of the largest investment firms in the world, including 5 of the top 25 hedge funds in the U.S. Utilizing proprietary technology and processes backed by state-of-the-art data security, FRT helps institutional investors identify eligibility, file claims, and collect more funds than they typically can recover on their own.

“I’ve known John and Steven since our days together at CCBN and StreetEvents, where the earnings calendar and real-time transcripts of earnings calls became a staple on the desktop of nearly every buy- and sell-side professional around the globe, and where webcasting became the industry standard for Investor Relations,” said Rob Adler, President of FRT. “Their leadership and experience with institutional investors and financial operations will be an invaluable asset to FRT and our future growth plans.”

About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies (FRT) is the leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

CONTACT:

Financial Recovery Technologies

781-306-3264

info@frtservices.com

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

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