AFP Press Release

Association for Financial Professionals Acquires Bobsguide

Acquisition links global treasury and finance community to financial IT suppliers and solutions

Bethesda, MD – November 12, 2008 – The Association for Financial Professionals (AFP) announced today its acquisition of Bobsguide, an on-line resource for the treasury and finance community. Based in London, Bobsguide is the leading financial IT solutions network, connecting financial IT buyers with suppliers.

AFP, headquartered in Bethesda, Maryland, is the premier organization for financial professionals. AFP supports more than 16,000 individual members throughout all stages of their careers in various aspects of treasury and financial mangement. AFP’s mission is to be the preferred global resource and advocate for the finance profession.

Bobsguide is the second London-based acquisition for AFP. In May of 2007, AFP acquired gtnews, a global knowledge resource for over 60,000 treasury, finance, payments and cash management professionals. gtnews provides subscribers access to an archive of almost 3,000 articles in addition to special reports, commentaries, surveys, polls, news, ratings updates and whitepapers.

"The acquisition of Bobsguide brings an essential resource for finding practical financial IT solutions to AFP and gtnews members," said Jim Kaitz, President and CEO of AFP. "AFP’s recent Treasury Benchmarking Survey indicates that many treasurers and financial professionals are still using manual processes. Today, from treasury management systems to corporate finance and compliance software and systems, Bobsguide shows treasury and financial professionals how to streamline financial IT operations and make organizations work smarter and faster."

After the acquisition, Bobsguide will continue its current operations in London. AFP does not expect to make major changes to Bobsguide’s business model, but will work on enhancements to make Bobsguide’s offerings thrive. Initially, gtnews CEO Mike Hewitt will direct activities to assure a smooth transition and to ensure that the needs of Bobsguide’s vendor and user communities are met.

"Bobsguide is fully backed by the vision and strength of AFP and gtnews," said Hewitt, "Together, the three organizations comprise a global, must-use network of information resources for the finance profession, whether in implementing mission-critical technology systems, understanding the latest developments in the financial crisis, or enhancing skills through training and certification."

About AFP

The Association for Financial Professionals (AFP) serves a global network of more than 16,000 treasury and financial professionals. Headquartered in Bethesda, MD, AFP provides members breaking news, economic research and data on the evolving world of treasury and finance, as well as financial analytical tools, training, world-class treasury and finance networking events and certification programs, and public policy representation to legislators and regulators. AFP is the daily resource for treasury and finance professionals. In addition to Bobsguide, AFP’s global reach includes AFP of Canada, a membership organization, and gtnews, a London-based, on-line resource for the treasury and finance community.