UCT Celebrates 15 Years of Successful Insurance Data Conversions; Celebration Kicks-Off Universal Conversion Technologies’ Focused Initiative on Service Expansion and Enhancement

ADDISON, Texas - August 2, 2006 - Universal Conversion Technologies (UCT) marks 15 years of successful insurance data conversions by kicking off a year of celebration with clients, partners, and the UCT team. As the recognized worldwide leader in insurance data conversions, UCT has planned a number of special events and initiatives to mark their 15th year and to celebrate their accomplishments. While they enjoy their successes, UCT is also looking to the future and even greater success in the coming year through the expansion and enhancement of UCT services.

Having completed hundreds of data conversions in the insurance industry, the volume of UCT work includes the conversion of tens of millions of policy records, representing billions of dollars in insurer assets. With UCT's focus on delivering on time and within budget conversions, the company is able to claim 100% client satisfaction with many clients engaging UCT for subsequent conversion projects.

Dale Wilcox, Vice President with Great American Financial Resources Inc. (GAFRI), said, "We congratulate UCT on their well earned success. UCT has proven to be a trusted and skilled partner in our conversion efforts. Not only do they offer a stellar combination of insurance and data conversion expertise, but their vendor neutrality is especially helpful as we navigate through the often difficult landscape of working with multiple technology vendors."

Dan O'Hara, Principle and CEO of UCT, commented, "In addition to our team of outstanding professionals and industry partners, I would like to personally thank our clients who have trusted us with their data and have worked side-by-side with us. This partnership approach to conversion projects has been key to the consistently high satisfaction among our clients."

O'Hara added, "While we celebrate our achievements, our plan is to build on our past successes and continue to mature and grow. We are hard at work to expand our service offerings and to further enhance our conversion tool set to bring even greater value to the insurance industry."

About Universal Conversion Technologies

Established in 1992, UCT is the recognized leader in providing data conversion software, services and methodology for the insurance industry. With hundreds of successful conversion projects completed, UCT boasts an extensive and impressive client list, including: MONY, Nationwide, Aegon, Allianz, Conseco, ING, Allstate, Swiss RE, GE Capital, Thrivent and more.

For additional information, contact UCT at 214-348-2000 or visit the Website at www.uctcorp.com.