CBG Holdings Adds Industry Veteran Tom Shen to Board of Directors

March 10, 2008

CBG Holdings Adds Industry Veteran Tom Shen to Board of Directors

Extensive industry expertise gives financial technology company new edge

AUSTIN, TX, Mar. 10, 2008 – CBG Holdings, Inc. today announced the appointment of Tom Shen to its board of directors and also as the company’s Chief Strategy Officer. Shen is a veteran financial services industry technology executive. CBG Holdings, Inc. is the holding company for Q2 Software, Cardinal Software and CBANC Network, all providers of technology solutions designed to make financial institutions more competitive against money center banks. “Tom has an exceptional track record of building superior products, providing top-tier customer support and forging relationships within the financial services space,” said CBG Holdings, Inc., Chairman R.H. “Hank” Seale III. “As we continue to grow at a record pace, Tom’s unique experience and wisdom will be instrumental in our strategic direction.” Before joining CBG Holdings, Inc., Shen most recently was EVP of Product, Engineering and Operations for Digital Insight, recently acquired by Intuit (NASDAQ: INTU), a provider of Internet banking services. Prior to Digital Insight, he was chairman, CEO and president of Software Dynamics, Inc. (SDI), where he guided the direction and architecture of SDI’s suite of front office products for financial institutions – teller, platform, call center and CRM. When he sold the company to S1 Corporation in 2001, he had shepherded the expansion of the company’s client base to more than 1,000 financial institutions worldwide. “The opportunity to contribute in an entrepreneurial organization that focuses on people, delighting customers and building innovative products is why I joined CBG,” Shen explained. “This is going to be an excellent opportunity to collaborate with Hank and his team to continue to change the way financial institutions interact with their technology partners. I am genuinely excited and look forward to adding to the success the team at CBG has built over the past three years.”

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