Released on: August 5, 2008, 2:54 pm

Press Release Author: Mike Dascola

Industry: Financial

Press Release Summary: Sageworks Inc., the developer of Sageworks Analyst, announced
today that Jacqueline Pace, Washington, DC attorney, and former special counsel to
the Chairman of the FDIC, has been named to the company's Bank Advisory Board.

Press Release Body: Raleigh, NC - Sageworks Inc., the developer of Sageworks
Analyst, announced today that Jacqueline Pace, Washington, DC attorney, and former
special counsel to the Chairman of the FDIC, has been named to the company's Bank
Advisory Board. Members of the advisory board serve as external advisors to the
management team and the company's board of directors to help identify, launch and
develop improvements to current products as well as provide strategic direction to
new ventures. Sageworks currently has over 150 bank clients who subscribe to the
Sageworks Analyst suite of credit analysis tools.

Ms. Pace has worked for nearly 30 years as an attorney in the banking and financial
services industry. She serves and has served on the board of directors of a variety
of companies. Pace received her BA degree from the American University in
Washington, DC and her JD degree from Emory University in Atlanta, Georgia.

From 1976 to 1979, Ms. Pace was a name partner in the law firm of Thompson & Pace in
Atlanta, Georgia. From 1979 to 1989, Ms. Pace was a partner in the law firm of
Thompson, Mann, and Hutson in Washington, D.C. specializing in government relations.
Ms. Pace then served as special counsel to the Chairman of the FDIC and RTC in
Washington, D.C.

Currently, she is an attorney in private practice specializing in the area of
financial institution regulatory law in the United States and abroad. She has
represented individuals, financial institutions and others before federal bank
regulatory agencies and Congressional Banking Committees. Additionally, she has
advised foreign governments on banking and financial restructuring issues.

Pace is an officer and director of The Lowell Group, LLC, a private investment
company with financial institution holdings in Europe and other financial centers.
She has served as a member of the board of directors of Third Federal Savings Bank,
and was chairman of its audit committee. She also was a founding member of the
DeepGreen Bank board of directors.

Currently, Ms. Pace serves on the board of LML Payments, Inc., (LMLP-NASDAQ) and is
chairman of the board\'s corporate governance and compensation committees. She is a
member of the board of directors of The American Theater of Actors, a non-profit,
off Broadway Theater in New York City.

Sageworks' Bank Advisory Board is intended to promote the overall quality and
effectiveness of Sageworks solutions for the company's bank clients. "As our Bank
Advisory Board gains momentum and provides invaluable insight into the needs of the
banking market, we look forward to improving our current technology and developing
new technologies that enable credit analysts to work seamlessly and efficiently"
says Brian Hamilton, Chief Executive Officer of Sageworks, Inc.

About Sageworks, Inc.

Sageworks is a financial services and information company based in Raleigh, North
Carolina. Recently named to the Inc. 500's list of fastest growing privately held
companies in the United States, Sageworks is the developer of FIND (Financial
Information into Narrative Data), a patented artificial intelligence technology that
converts financial numbers into plain-language. Sageworks has licensed its core
technology to thousands of accounting firms, financial institutions, and information
providers.

For more information on Sageworks, please visit their corporate website at
http://www.sageworksinc.com and product website at http://www.sageworksanalyst.com


Web Site: http://www.sageworksanalyst.com

Contact Details: 5565 Centerview Drive, Suite 201
Raleigh, NC 27606