The A Consulting Team, Inc. ("TACT") (Nasdaq Capital Market: TACX), an IT and Business Process Outsourcing (BPO) services provider to Fortune 1000 companies, today announced the appointment of Sal Quadrino as its chief financial officer, effective May 1, 2006. Mr. Quadrino will report directly to Shmuel BenTov, TACT's chairman and CEO, and will oversee all financial matters of the Company. Mr. Quadrino is a senior financial executive with over 30-years of operational experience in both public and private companies. Since March 2006, he has assisted TACT, as an independent consultant, with its financial operations and regulatory reporting. Mr. Quadrino served as CFO of Con Edison Communications, where he built a strong financial management team to support the company's growth, strengthened internal controls to meet the requirements of Sarbanes Oxley, and secured capital to fund the company's growth. Prior to this, Mr. Quadrino joined Suburban Propane Partners, LP, a retail distributor with over $700 million in revenue, as its CFO and served as its president and CEO during the last two years of his tenure, during which he led the company through a successful initial public offering. He also worked with early stage development, rapid growth companies, such as Internet service provider Erols Internet and e-commerce provider Submit Order Inc., in senior financial and administrative capacities. Mr. Quadrino is a Certified Public Accountant and holds a Masters Degree in Business Administration from St. John's University. "Sal's diversified experience and expertise in matters of finance, accounting and regulatory reporting, along with his operational experience, will be an asset to TACT as it continues to position itself to take advantage of growth opportunities," said Mr. BenTov. "As a consultant to TACT over the last few months, he has displayed his leadership skills that come from years of hands-on experience with all facets of financial management," added Mr. BenTov. About TACT TACT (Nasdaq Capital Market: TACX) has built a reputation for cutting-edge IT Solutions that is exemplified by its impressive roster of Fortune 1000 customers. TACT focuses on a business-oriented, value-added approach to its end-to-end IT Services and Business Process Outsourcing solutions. For over 20 years, TACT has enabled significant ROI gains in Business Intelligence, Custom Application Development, Strategic Sourcing, Support and Maintenance, Data Supply Chain, Collaboration, Quality Assurance, Project Portfolio Management, and other specific vertical solutions. TACT has offices in New York City; Clark, New Jersey; and Bangalore, India. More information about TACT(R) can be found at its web site at http://www.tact.com "Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Statements made in this press release which are not historical facts, including those that refer to TACT plans, beliefs and intentions, are "forward-looking statements" that involve risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from the forward-looking statements, and include, but are not limited to, TACT's ability to scale its existing and any new businesses. For a more complete description of the risks that apply to TACT's business, please refer to the Company's filings with the Securities and Exchange Commission. The Company's actual results may differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under Risk Factors and elsewhere in the Company's Annual Report on Form 10-K with the Securities and Exchange Commission on March 29, 2006.
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