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APEX Analytix Named by Triad Business Journal One of Region's Fastest Growing Companies

Fast 50 list based on three years of revenue growth for independent, privately held companies

Greensboro, North Carolina - October 17, 2003 - APEX Analytix, a leading professional services and software provider in the recovery audit and contract compliance space, has been named to the Triad Business Journal’s Fast 50 list, which recognizes the 50 fastest-growing firms in the Triad region.

Michael Lustig, Chief Executive Officer of APEX Analytix, said it is an honor to be included in the list of the region’s fastest growing companies for the third year in a row.

“APEX Analytix continues to be a leader in the recovery audit industry, both on a national level and here at home in the Triad,” Lustig said. “As the company continues to expand market share we look forward to expanding our presence and making a positive impact here within the local business community.”

The 2003 Triad Fast 50 list distinguishes companies that have been in operation for at least three full fiscal years and reported revenues of at least $2 million in 2002.

APEX has received several awards during the last few years, including recognition as an Inc. 500 company in 1999, Verizon’s Supplier of Excellence Award in June of 2000, the 2002 Blue Chip Business Award, the Deloitte & Touche North Carolina Fast 50 for 2003, as well as being named to the Triad Fast 50 list from 2001-2003.

APEX Analytix is the only recovery audit company that focuses on the entire procure-to-pay business cycle, giving large enterprise level companies critical insights into every step, and every potential hole, of the process -- from transaction initiation to final payment. These insights enable enterprises to detect, control and prevent A/P and procurement issues internally, versus having to outsource contingency fee audits. APEX Analytix has a rapidly expanding customer base with 25 of the Fortune 100 as customers today.

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