Industry Veteran Brings Track Record of Technology and Sales Success to Compliance Management Software Firm

Denver, CO -- (ReleaseWire) -- 10/18/2006 -- ControlPath Inc., a leading developer of Automated Compliance Management solutions, announced today that technology industry veteran Christopher Poelma is its new CEO.

Poelma, the former chairman, CEO, and president of Comprehensive Software Systems Inc. (CSS), a financial securities processing software company, assumed his new position at ControlPath on October 9. During a 20-year technology career, Poelma's accomplishments include founding the first Application Service Provider (ASP), two Initial Public Offerings, leadership of $112 million in annual sales, driving $210 million in investment, and delivering technology solutions on four continents.

Poelma's initial priorities for ControlPath include:

• Establishing ControlPath as the premiere brand for sophisticated organizations with complex regulatory requirements;
• Delivering the benefits of compliance automation to organizations nationwide by extending direct and indirect sales channels;
• Driving new thinking regarding compliance management best practices through the formation of new industry users groups;
• Easing compliance process pain through delivery of the industry's first intuitive Automated Compliance Management solution; and
• Eliminating regulatory confusion through the ControlPath University for Automated Compliance Management.

ControlPath, developer of the compliance management solution of the same name, enables organizations to cost-effectively achieve and maintain regulatory compliance. The ControlPath Compliance Suite automates the compliance process, and allows organizations to leverage their compliance work efforts across multiple regulations (Sarbanes-Oxley, Gramm-Leach-Bliley, HIPAA, PCI, and FISMA), security standards (ISO17799), and internal policies and standards.

"Chris brings an established track record of success, both as a leader and as a technology visionary. His accomplishments include building sales and marketing efforts, creating and managing high-growth software firms, and closing significant venture capital investment," said Scott Walker, Chairman of the Board, ControlPath. "His wide-ranging expertise will be exceptionally valuable to ControlPath as we continue to build our infrastructure and enhance our business."

"ControlPath is an innovative technology startup that delivers tremendous ROI to enterprises wrestling with the cost of regulatory compliance," said Poelma. "As companies strive to curtail some of their compliance spending, they will certainly look to automate their processes and ControlPath is in a great position to deliver the necessary solution."

About ControlPath
ControlPath Inc., a leading developer of automated compliance management solutions, helps organizations transform their compliance programs across multiple regulations and standards through automation. The ControlPath Compliance Suite offers the most robust compliance workflow, most powerful organizational modeling capabilities and most comprehensive solution scope of any product in the market. Corporations in financial, manufacturing, retail and other industries rely on ControlPath to help develop more effective and less costly compliance programs and processes. Privately held ControlPath is headquartered in Englewood, CO. For more information, call 303-414-3635 or visit www.controlpath.com.

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Multiple Regulations, Protecting Client Data and Managing Enterprise Risk Drive Global Risk Mitigation Solutions Provider to Automate Compliance Processes

Denver, CO -- (ReleaseWire) -- 09/18/2006 -- ControlPath Inc., a leading developer of automated compliance management solutions, announced today that First Advantage Corporation (NASDAQ: FADV), a leading global risk mitigation and business solutions provider, has selected the ControlPath Compliance Suite 3.0 as the central software component of its comprehensive, company-wide Security Risk Management program. First Advantage evaluated tools from nine other vendors before selecting ControlPath.

ControlPath's automated compliance management tools will streamline First Advantage's efforts as it complies with all applicable governmental regulations and laws including the Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act (GLBA), Fair Credit Reporting Act (FCRA), Drivers Privacy Protection Act (DPPA) and state privacy laws. Headquartered in St. Petersburg, Fla., First Advantage has purchased approximately 50 companies since June 2003.

The ControlPath Compliance Suite, with its extensive security controls knowledgebase, coupled with robust workflow and enterprise risk reporting capabilities, enables an efficient compliance self-assessment and automated management of corrective actions and controls testing. With a library of more than 2,200 controls, ControlPath simplifies the creation of policies and the mapping of compliance regulations.

"Customers today demand top-flight security and privacy, and using ControlPath's software gives First Advantage the tools to address these demands. said Isabelle Theisen, chief security officer of First Advantage. "Managing enterprise risk and compliance are monumental tasks made significantly easier and more efficient with the ControlPath Compliance Suite."

According to the ControlPath Compliance Progress Survey, managing compliance for multiple regulations is still highly manual and generally involves using multiple projects, one for each regulatory compliance mandate. Across the board, compliance costs continue to rise as more compliance regulations are being implemented within organizations. The same survey found that respondents who are either fully or mostly automated, as compared to those who are entirely manual, are more than twice as confident that they are in compliance.

"Because First Advantage is required to comply with so many regulations, the benefits of the ControlPath Compliance Suite will be magnified," said Scott Walker, chief executive officer, ControlPath. "With the power to manage controls and compliance across any regulation, the software will greatly improve First Advantage's efficiency."

About First Advantage Corporation
First Advantage Corporation (NASDAQ: FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive and subprime markets; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills assessment and testing; business tax consulting services; insurance fraud, corporate and litigation investigations; surveillance; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software; renters insurance and consumer location services. First Advantage ranks among the top three companies in all of its major business lines. First Advantage is headquartered in St. Petersburg, Fla., and has more than 4,300 employees in offices throughout the United States and abroad. More information about First Advantage can be found at www.FADV.com.

First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a FORTUNE 500® company that traces its history to 1889. First American is America's largest provider of business information, supplying businesses and consumers with valuable information products to support the major economic events of people's lives. Additional information about the First American Family of Companies can be found at www.firstam.com.

About ControlPath
ControlPath Inc., a leading developer of automated compliance management solutions, helps organizations transform their compliance programs across multiple regulations and standards through automation. The ControlPath Compliance Suite offers the most robust compliance workflow, most powerful organizational modeling capabilities and most comprehensive solution scope of any product in the market. Corporations in financial, manufacturing, retail and other industries rely on ControlPath to help develop more effective and less costly compliance programs and processes. Privately held ControlPath is headquartered in Englewood, CO. For more information, call 303-414-3635 or visit www.controlpath.com.

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New ControlPath Survey Shows Companies Still Using Costly Manual Processes To Comply With Multiple Regulations.

Denver, CO -- (ReleaseWire) -- 08/24/2006 -- Most corporations are not reaching acceptable levels of compliance, even as they spend more to implement multiple compliance mandates, according to the ControlPath Compliance Progress Survey released today.

The survey also found that 72 percent of large corporations lack confidence that they are complying with all applicable regulations. In addition, the cost of compliance is clearly on the minds of senior management – when ranking the most challenging aspect of compliance, the cost to manage compliance was the clear winner, cited more than all other issues combined (51 percent).

According to the ControlPath Compliance Progress Survey, managing compliance for regulations such as Sarbanes-Oxley, HIPAA, GLBA, and PCI is still highly manual and follows disparate processes for each regulatory compliance mandate – boosting the cost of compliance to an all-time high. Across the board, compliance costs continue to rise as more compliance regulations are being implemented within organizations.

The survey, conducted by ControlPath Inc., a developer of automated compliance management software, measured attitudes of financial and technology leaders focusing on the level of success implementing compliance programs. The online survey was completed by 132 senior executives during August 2006.

With most public companies needing to comply with several regulations, multiple processes are in place for 70 percent of all respondents, creating a compartmentalized approach to compliance. For most enterprises, manual processes include a disconnected combination of word processing documents, spreadsheets, databases, and email trails. Less than a third reported that they leverage processes across multiple regulations.

With manual processes dominating compliance, 45 percent of respondents reported that they thirst for better technology to comply with the regulations. Today, just 27 percent are leveraging some form of compliance management tools.

"As the cost of regulatory compliance continues to grow, corporations are stepping back and asking themselves hard questions about how to make the process more efficient," said Scott Crawford, Senior Analyst, Enterprise Management Associates, Boulder, CO. "Comprehensive management of the regulatory compliance workflow is where many companies will find significant savings that will directly benefit their compliance efforts."

Survey results supported Crawford's prediction and the use of automation to achieve compliance. Respondents who are either fully or mostly automated were twice as confident that they are in compliance than those whose processes are entirely manual – 48 percent versus 23 percent.

"Companies are asking how they can drive the costs out of their compliance processes. Executives responsible for managing, reporting and maintaining compliance are now asking for help," said Scott Walker, Chief Executive Officer, ControlPath. "Their request is to create more automated processes that can be applied to all compliance mandates."

Other key findings from the ControlPath Compliance Progress Survey include:
• 74 percent of survey respondents described their compliance process as either entirely manual, or more manual than automated.
• Key barriers to compliance reported by survey respondents included:
o Limited budget, 41.9 percent,
o Lack of education on compliance mandates, 47 percent,
o Lack of tools to manage the compliance process, 37 percent, and
o Lack of detail in compliance regulations, 32 percent.
• Corporations average 1.8 compliance regulations per company.

The Compliance Progress Survey is the first of a series of compliance trending reports. The next survey will be done in 2007.

About ControlPath
ControlPath Inc., a leading developer of automated compliance management solutions, helps organizations transform their compliance programs across multiple regulations and standards through automation. The ControlPath Compliance Suite offers the most robust compliance workflow, most powerful organizational modeling capabilities, and most comprehensive solution scope of any product in the market. Corporations in financial, manufacturing, retail, and other industries rely on ControlPath to help develop more effective and less costly compliance programs and processes. Privately held ControlPath is headquartered in Englewood, CO. For more information, call 303-414-3635 or visit www.controlpath.com.

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New Software Company Delivers Groundbreaking Automation Software to Manage Complicated Compliance Process

Denver, CO -- (ReleaseWire) -- 06/09/2006 -- Accuvant, an elite provider of information security and regulatory compliance solutions, announced today that it has spun off ControlPath Inc., a developer of automated compliance management software, as an independent company. The spin-off coincides with the release of ControlPath Compliance Suite 3.0 – the latest version of ControlPath's software offering that can save enterprises as much as 90 percent over the cost of manual compliance processes.

By automating the laborious tasks of complying with regulations such as the Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act (GLBA), Federal Information Systems Management Act (FISMA), and Health Insurance Portability and Accountability Act (HIPAA), and standards such as Payment Card Industry Data Security Standard (PCI DSS), ISO 17799, NIST 800-53, and COBIT, the ControlPath Compliance Suite provides enterprises the peace of mind of a comprehensive compliance program at a fraction of the cost and effort required by traditional manual approaches. Successful deployments of ControlPath include companies in financial services, retail, and manufacturing.

An automated compliance management solution, ControlPath Compliance Suite 3.0 combines an extensive knowledge base of regulations, security standards, and associated controls with a highly customizable workflow manager to support the most complex compliance requirements. By automating the workflow and capturing a complete view of enterprise risk, ControlPath cost effectively ensures that nothing falls through the cracks while enabling real time insight into an organization's compliance status.

"ControlPath and its automated management of the compliance process has taken the pain out of regulatory compliance while saving us 90 percent over maintaining spreadsheets and paper files," said Matthew Speare, Group Vice President, M & T Bank, a 145-year-old Buffalo-based regional bank. "The peace of mind we get with ControlPath is incomparable. Documented regulatory compliance is a key component to an effective risk management strategy and ControlPath helps us minimize the resources we need to devote to the process."

With five compliance and risk management modules – Risk Management, Impact Management, Vendor Management, Policy Management, and Controls Library – version 3.0 of the ControlPath Compliance Suite provides new compliance and risk views to quickly and clearly show in real time such key factors as percentage to completion for compliance by regulation, business unit compliance status, corrective action completion status, and controls testing status.

According to Scott Crawford, senior analyst, Enterprise Management Associates, a Boulder, CO-based IT industry analyst firm, today's enterprise focus on compliance is on reducing expenditures and increasing governance effectiveness. "The first wave focused on getting compliance processes and documentation in place," said Crawford. "Today, however, auditors are increasingly intolerant of an immature approach, instead pressing businesses for truly effective compliance that reflects continuous monitoring and enforcement." A vendor that can solve these demanding challenges will have an advantage in the compliance solutions market, he added.

"The market demand for a better approach to compliance is significant. The best way to continue to provide world-class compliance automation solutions to the broadest customer base is to establish ControlPath as an independent entity focused on expanding our lead in this industry," said Scott Walker, CEO, Accuvant, "Accuvant will continue to market the ControlPath Compliance Suite to our large enterprise customers, and to position the software as an integral part of our compliance consulting services."

As an independent entity, ControlPath Inc. will focus on solutions that allow companies to dramatically reduce the estimated $7.4 billion presently being spent on labor and services associated with SOX, security and privacy regulations. Previous versions of the ControlPath Compliance Suite were known as AccuCERTT and were available only to Accuvant customers.

Pricing for ControlPath Compliance Suite 3.0 starts at $35,000 for a single module software license, or as a hosted solution from $2,040 per month. The software is now available.

About ControlPath
ControlPath Inc., a leading developer of automated compliance management solutions, helps organizations transform their compliance programs across multiple regulations and standards through automation. The ControlPath Compliance Suite offers the most robust compliance workflow, most powerful organizational modeling capabilities, and most comprehensive solution scope of any product in the market. Corporations in financial, manufacturing, retail, and other industries rely on ControlPath to help develop more effective and less costly compliance programs and processes. Privately held ControlPath is headquartered in Englewood, CO. For more information, call 303-414-3635 or visit www.controlpath.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm