FOR IMMEDIATE RELEASE

ELECTRA INFORMATION SYSTEMS ANNOUNCES RECORD QUARTER

Announces Addition of Key Staff to Accommodate Growth

December 10, 2007 – New York, NY - Electra Information Systems, a leading provider of reconciliation, trade automation and settlements solutions, today announced record revenue and employee growth for the fiscal quarter ending September 30, 2007. The substantial demand for RecCollect and STaARS, the company's integrated post-trade processing software has resulted in the Company adding many leading financial institutions to its customer base, including Thomson Financial, Sansar Capital Management, Samson Capital, Wedge Capital Management, Stark Investments, and Bivium Investments, among others.

The success of the quarter was the result of Electra’s strong relationships with its increasing client base, coupled with the continued commitment to expand product and service offerings.

"The quarter was a significant milestone for the company and speaks to our ability to deliver the highest quality products to market," said John Landry, CEO of Electra. "It is particularly gratifying that many of the new clients were referred to us by our existing customers. We continue to see strong growth in the future and are scaling up our internal infrastructure to accommodate that demand."

Electra has added talent to accommodate the rapid business growth. Numerous positions were filled to support the growth in demand including client service personnel, developers, and sales managers.

About Electra

Electra Information Systems, Inc., is an industry innovator in providing solutions for Data Aggregation, Reconciliation and Settlements. Electra brings unparalleled expertise in delivering highly effective, easily implemented solutions that are used by 40% of the top 25 investment managers and has become a market leader in providing reconciliation, trade automation and settlements solutions. Electra processes detailed information on over 1.5 trillion dollars (US$) in cash and securities holdings daily.

Electra customers cover the breadth of the financial services industry, including Investment Managers, Hedge Funds, Insurance Companies, Custodial Institutions, and Banks. Founded in 1998, Electra is headquartered in New York City. For more information about Electra’s products and services, visit www.electrainfo.com.

Media Contacts:
Ian Danic
212-696-1595
idanic@electrainfo.com

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