ATLANTA - May 26, 2004 - With a proven management team and market-validated software solutions, Oversight Systems has been recognized as one of the top emerging growth companies on the East Coast by the Mid-Atlantic Venture Association and will present at MAVA's Capital Connection June 1 and 2 at the JW Marriot in Washington, D.C.

In March, Oversight Systems introduced the industry's first continuous transaction incident monitoring system to tackle the threats from authorized users performing inappropriate transactions. Oversight's customers include members of the Fortune 500 who rely upon Oversight's patent-pending system to monitor their enterprise financial systems to detect, prevent and deter financial loss from systems-based fraud, misuse and errors.

"As investors look for strong businesses with compelling technology and a real market opportunity, I look forward to delivering the Oversight Systems story of customer wins, protected intellectual property and an expanding horizon of transaction incident monitoring applications," said Patrick Taylor, co-founder and CEO of Oversight Systems.

Produced by the Mid-Atlantic Venture Association (MAVA), Capital Connection 2004 is one of the nations most successful and influential venture events. Over the years, MAVA venture fairs have helped to shape the region's entrepreneurial economy, generating more than $2.3 billion of venture investments in the presenting companies.

"In this more challenging investment environment, only the best companies will survive," said Harry Weller, co-chair of Capital Connection 2004 and partner at New Enterprise Associates. "The companies presenting at Capital Connection 2004 are among the best emerging companies with talented management teams, exciting technologies and solid business strategies."


About MAVA/Capital Connection
Founded in 1986, MAVA represents the collective interests and leverages the success of venture capitalists investing in the mid-Atlantic. MAVA provides a wide range of programs, information and forums designed to facilitate quality deal flow, encourage collaboration, and foster solid relationships among industry professionals who are committed to helping business growth. Membership includes 375 venture capital professionals at 126 firms with more than $10 Billion in capital under management. In addition, over 265 key professional service providers from the legal, financial, executive search and consulting fields are also MAVA members. For more information, please visit www.mava.org.

About Oversight Systems, Inc.
Oversight takes continuous monitoring to the next level by combining an audit data warehouse, advanced analytics and workflow into a single, integrated, application. By inspecting each step of individual transactions across systems, Oversight identifies errors, control violations and fraud to drive higher levels of performance and compliance. Oversight's platform automates the entire life cycle finding problems in business processes, fixing those problems and proving the problems were resolved. Oversight is the solution of choice for those CFO's, CIO's and CISO's serious about compliance and enhancing their financial performance. For more information, visit www.oversightsystems.com.

Contact for Oversight Systems: Donna Askew sales@oversightsystems.com 770.984.4650

Press Contact Nathan F. Walch nathanw@connectpr.com 801.373.7888