ULLICO Selects Velocity As Technology Solution Provider: Decision makers cite Velocity's consulting experience, expertise

(New York, NY, April 17, 2008) - Velocity Technology Solutions, Inc., the leading provider of Lawson-managed services, has been selected by ULLICO Inc., the labor-owned, multi-line holding company offering insurance and investment products and services, to provide the implementation, hosting and application management services for ULLICO's business software solution.

The ULLICO Family of Companies was established in 1925 to meet the insurance needs of the working men and women of America. Today, through a number of subsidiaries, ULLICO has expanded its role to provide financial and retirement security for labor through various investment products and services.

ULLICO chose Lawson's business application software to support its financial management functions. Velocity, which serves as Lawson Softwares Preferred Provider for Hosting Services, will provide ULLICO with the implementation, consulting and hosting services related to the Lawson applications.

"Velocity offered the powerful combination of Lawson application expertise, secure and accessible hosting services, and proven, experienced consulting," said James Tierney, ULLICO vice president and chief information officer. "Our organization has specific and unique business needs. Because of its financial services experience, Velocity clearly understood our goals and was able to meet our needs."

"Velocity demonstrated to us that it is much more than a software host; its a true partner," said Damon Gasque, ULLICO vice president, corporate controller and assistant treasurer. "The Velocity teams consulting expertise really stood out from other potential providers. They listened to us, stepped up as problem solvers, and delivered first-class client service."

Tierney also cited Velocity's strategic partnership with Verizon Information Technologies as providing "robust, accessible and secure software hosting." Tierney anticipates full implementation of the application on Jan. 1, 2009.

"ULLICO conducted a rigorous and thorough evaluation and selection process while making their selection for a service provider" said Tom Bruno, Velocity's CEO. "We are very pleased and proud to have demonstrated to ULLICO that our capabilities and experience achieve their standards. We look forward to working with the ULLICO team."

About ULLICO Inc.

ULLICO Inc., with $5.5 billion in total assets under management, is an insurance and financial services holding company. Since 1927, the American labor-owned ULLICO Family of Companies has offered quality insurance and investment products and services. Subsidiary companies include The Union Labor Life Insurance Company; ULLICO Investment Advisors, Inc.; ULLICO Investment Company; ULLICO Casualty Company; and ULLICO Casualty Group. For more information, visit www.ullico.com or call 1-800-431-5425.

About Velocity Technology Solutions

Velocity Technology Solutions is a leader in providing enterprise software application management, hosting and consulting services. With more than 20 years of experience, Velocity provides IT solutions to service and product oriented sectors such as healthcare, public services, financial services, retail, food and beverage, fashion, manufacturing and distribution. Velocity is known for its trained and certified professionals, high-touch personalized services, risk mitigating approach, and focus on improving business operations. Velocity has pioneered a unique approach to software hosting which is focused on proactive client services and a world-class infrastructure provided through an exclusive relationship with Verizon Information Technologies. Please visit www.velocityus.com or call (866) 299-4998 for more information about Velocity.