Velocity & Lawson Renew/Expand Partnership

(New York, NY, March 5, 2008) - Velocity Technology Solutions, Inc. announced today that it has renewed and expanded the scope of its Preferred Hosting Partner agreement with Lawson Software. In addition to extending Velocity's recommended vendor status for several years, this new agreement also enables Velocity to provide hosting services for enterprise software applications from Lawson.

Velocity provides system design, implementation, application management, and hosting services for the Lawson S3 and M3 product lines, third-party complementary products, as well as custom developed applications. With more than 90 managed services clients, Velocity is the leading provider of hosting services for Lawson customers in North America.

Velocity's infrastructure is supported by Verizon Information Technologies through an exclusive arrangement that combines Tier IV "carrier-class" facilities, a national MPLS network dedicated to Lawson traffic and a worry-free service level agreement. Velocity's certified professionals; SAS 70, HIPPA, ISO 9001:2000 compliant facilities; and Lawson-endorsed services deliver top-quality application management and hosting that is proven to reduce Total Cost of Ownership (TCO) and overall IT operating expenses.

"At Lawson, the demand for hosted applications continues to grow as customers seek to simplify their IT support and reduce operating expenses," said Lawson Software VP of Managed Services, David Osborne. "Our clients have successfully used Velocity for hosting, and now we have extended our partnership to allow us to provide our customers with more options to meet their ever-changing technology and infrastructure challenges."

Velocity's CEO, Tom Bruno noted, "Lawson's continued dedication to the partnership with Velocity validates the investments and hard work made in developing and delivering world-class application hosting services to Lawson's customers. We are very excited about the prospects of working more collaboratively with Lawson to deliver managed hosting solutions that leverage the strengths of both organizations."

About Lawson Software

Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com.

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 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.