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San Diego, CA – July 18, 2007 – Kyriba Corporation (www.kyriba.com), the innovator and leader in web-based cash and treasury management solutions, announced today that ExpressJet Airlines, a subsidiary of ExpressJet Holdings (NYSE: XJT) and one of the world’s largest operators of regional jet aircraft, selected Kyriba for its cash and treasury management. ExpressJet Airlines has a 10+ year track record of success moving people and business in ways no other airline does. The company served over 18 million passengers in 2006 operating as Continental Express. During 2007, ExpressJet launched flying under its own brand, a fleet of dedicated corporate aircraft, and added a new partner, Delta Air Lines. ExpressJet Holdings, headquartered in Houston, Texas, is a $1.6 billion company with over 8,000 employees nationwide. “We wanted a cutting-edge and cost-effective treasury management solution that had the capability to grow with our business, stated Fred Cromer, ExpressJet Vice President and CFO. “Kyriba’s web-based solution is the perfect fit for a company in an industry that changes on a daily basis. Real-time cash management will further increase efficiency and allow us to focus more time on growing our business.” Kyriba’s state-of-the-art, web-based cash and treasury management solutions are flexible and scalable to evolve as a company’s needs expand. Customers use the automated online system to better control their daily cash management tasks including bank balances, transaction reporting, payments, cash positioning / forecasting, automated general ledger posting and investment portfolio reporting. The system automatically collects bank statements and facilitates automated prior day and current day data reconciliations through Kyriba’s daily bank connectivity monitoring service. The solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and control requirements and provides seamless integration with third-party applications. “We are pleased that ExpressJet has selected Kyriba for its cash and treasury management,” stated Scott Montigelli, Vice President of Business Development for Kyriba Corporation. “We believe that our scalable, on-demand technology is an ideal match to the ExpressJet business structure. As ExpressJet continues to expand, our solution can grow in seamless unison to meet their evolving needs.” About Kyriba Corporation Founded in 2000, Kyriba Corporation empowers customers to achieve an economic advantage with treasury solutions that enhance visibility and operational control. Corporate clients include Interpublic Group of Companies, Swift & Company, Kronos, Colas S.A., Ferrero and Peugeot. As a market leader in real-time, web-based on-demand Cash management solutions, Kyriba’s affordable tools and services put customers in control of their liquidity, forecasting and treasury management while meeting Sarbanes-Oxley 404’s audit trail workflow and control requirements. The company has North American headquarters in San Diego, CA and European headquarters in Paris, France. Media contacts:
Molly Fee
Blue Mine Group
(858) 792-2633 ext. 110
mfee@blueminegroup.com Scott Montigelli
Kyriba Corporation
(201) 914-1809
smontigelli@kyriba.com About ExpressJet ExpressJet Holdings operates numerous divisions designed to leverage its management experience, efficiencies and economies of scale present in its subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services, LLC. ExpressJet Airlines serves over 150 destinations in North America with more than 1,200 departures per day. Operations include capacity-purchase and pro-rate agreements for mainline carriers; providing clients customized 50-seat charter options; training services through its world-class facility in Houston, Texas; and branded flying, providing non-stop service to markets concentrated in the West, Midwest and Southeast regions of the United States. ExpressJet Services is the North American partner to three major European original equipment manufacturers and provides composite, sheet metal, interior and thrust reverser repairs throughout five facilities in the United States. For more information, visit www.expressjet.com.
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