Global Wave Group Announces Appointment of Amit Govil to Board of Directors

LOS ANGELES, CA--(Marketwire - August 1, 2007) - Amit Govil has been appointed to the board of directors of Global Wave Group, LLC. Mr. Govil will advise the board on technology, strategy and marketing to financial institutions.

Mr. Govil is currently the Chairman and CEO of Calance Corporation, a global professional services company that provides high value and reduced total cost of ownership to its clients by leveraging global optimal delivery and technology.

Mr. Govil has 20+ years experience in system integration, business and technology consulting. He was formerly the Chairman and Managing Director of Sapient India and was responsible for the growth of the company to 850 employees delivering substantial Sapient's revenues. Prior to that, Mr. Govil worked at Andersen Consulting as a senior executive selling and delivering complex business and technology consulting engagements.

"Global Wave Group is excited to have Amit serve on our board. He possesses an excellent combination of leadership and proven expertise and will further strengthen our management team," said Zubin P Mehta, President/CEO.

Based in Aliso Viejo, California, Global Wave Group is a financial services technology company. Global Wave is developing a commercial lending and portfolio management solution called Credit Track. Credit Track is a web-based loan origination, workflow, approval, monitoring and reporting software suite that helps bankers manage their loan portfolio and mitigate commercial lending risks. The origination process captures data points that are used throughout the loan life cycle, thus eliminating redundant keystrokes, improving data quality and allowing straight through loan processing. Credit Track helps in the monitoring and tickler process via tracking covenant conditions and required financial submissions. The application has a dashboard to track metrics as well as performing various levels of operational and management reporting. The application is highly configurable and requires no programming knowledge to make workflow and operational changes.

The company's web site is located at http://www.globalwavegroup.com

Contact Information: Contact: Global Wave Group 65 Enterprise Aliso Viejo, CA 92656 Zubin P Mehta (949) 273-8370