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Press Release

December 15, 2005

Ms. Shanta Patel, President and founder of Pragmatic Solutions, Inc. was awarded the Virginia Minority Supplier Development Council (VMSDC) Entrepreneur of the Year Award on December 13, 2005. The Awards reception was hosted by Capital One, the McLean-based financial services company, at its western Henrico County office in Richmond, VA.

This prestigious award is awarded to an individual or individuals who has demonstrated a commitment to supplier development and has fostered relationships with the corporate community; and has used his/her success to develop other Minority Business Entrepreneurs and their businesses; and has volunteered time to VMSDC to further the mission of the Council.

Ms. Patel was selected from among several minority and women entrepreneurs from across the Commonwealth who were all strong contenders for the prestigious award. Ms. Patel, founder and President of Pragmatic Solutions, Inc. is a very skilled professional who brings years of corporate experience to the company's operations. She has provided a fresh and innovative look at the financial market because of her vast industry experience. She is a great visionary with tremendous leadership skills that act as a strong motivator to the company's employees and others who come in contact with her. Another reason for her success is her understanding of the importance of relationship building as the first steps in the process. Ms. Patel has mastered this skill and leveraged many strong relationships for a long term strategy.

In addition, Ms. Patel is an active member of the VMSDC's Minority Business Enterprise Input Committee (MBEIC) and has provided both time and resources to meet her commitment to the VMSDC. Over the past several years, she has been working with new and existing minority and women entrepreneurs providing mentoring, guidance and sub-contracting opportunities. She was a guest speaker at the North American Women Business Owners (NAWBO) Northern Virginia chapter, where she shared her experiences as a woman and minority business owner and credits the VMSDC with providing the guidance and networking opportunities that have been critical to her company's success story.

Pragmatic Solutions, Inc. matches successful companies in the financial services industry with experienced professionals in the areas of business, finance, accounting and technology. The company's niche is the financial services industry and they compete at all levels of the finance and accounting staffing and consulting market. The company's service philosophy is reflected in its persistent marketing approach and responsiveness to client needs. The company experienced a 300% growth from 2002 to 2003 and a 100% growth from 2003 to 2004. This unprecedented growth has presented several challenges – the company moved from a home office to professional office space in January 2004, increased corporate office staff from just one person (the founder) to seven people, invested in branding and marketing to increase the client base from just a couple of clients to over six major clients, diversified from staff augmentation to permanent placements and the company is currently working on building its consulting practice. All of the preceding has meant more business, automation of manual processes, and creating an effective organization structure. Every step of the way, Pragmatic Solutions has stepped up to the plate, overcome challenges and strived for excellence. The company has proved its ability to sustain growth and revenue.

You can learn more about Pragmatic Solutions, Inc. at their website www.pragmaticinc.net.
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