Date:4/3/2006

Shiva, a provider of IT solutions, announced today that it has been awarded a contract from Fannie Mae to provide financial services consulting and full life-cycle software design and development for the National Property Disposition Center (NPDC).

Shiva will be responsible for developing and implementing Java-based enhancements to the system as well as providing on-going operations and maintenance services. The environment includes Java, BEA Weblogic application server, Oracle 10G, and Business Objects.

Through Shiva’s help, the key benefits to Fannie Mae will be:

• Eliminating Credit Loss Management’s mainframe platform costs
• Providing new business functionality enhancements
• Incorporating the new accounting requirements by redesigning this application in a client server environment

Shiva will deliver these services in accordance with the highest technical and quality standards consistent with industry best practices.

“This is a great opportunity for Shiva and we are greatly appreciative to Fannie Mae for this award. We look forward to a long-term mutually prosperous relationship together. This will also allow us to continue to leverage our financial services expertise via our Financial Services Practice to the benefit of Fannie Mae,” said Sujata Avasthi, CEO of Shiva.

About Shiva Shiva Information Technology Services is a small, disadvantaged, minority womanowned company that is also certified as an 8(a) enterprise by the SBA. Established in 1998, Shiva has built an excellent reputation for providing quality IT services with an emphasis on enhancing our clients’ return on investment (ROI). Over the years, Shiva has gained valuable experience in maintaining, developing, enhancing, and managing mid-size to large Government and Commercial projects/systems in such areas as:

• Application and Database Development, Integration & Maintenance
• Systems Administration and Operation Support
• Infrastructure Support and Network Administration
• Staff Augmentation