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PWI, INC. NAMES NEW SENIOR VICE PRESIDENT AND CHIEF MARKETING OFFICER Red Bank, N.J., -- (PRNewswire) --October 23, 2001 01:18:00 pm ET

PWI, Inc., a provider of custom development and software solutions announced today that Stephen P. Kane has been named senior vice president and Chief Marketing Officer. Kane will report to PWI's Chairman and CEO Gregory J. Salvato.

Kane joins PWI from Sapient, Inc., a business and technology consultancy, where he was vice president of business development and industry marketing. Prior to joining Sapient, he held key positions in marketing and business development for Accenture, a leading provider of management and technology consulting services and solutions, serving as an associate partner in the firm's financial services global business unit.

"PWI's strong growth and our leadership in technology have created an opportunity for us to attract top talent to round-out our leadership team," said Salvato. "Steve understands the fundamental challenges facing our clients and his unique blend of expertise in marketing, market development and business development will be instrumental as we continue to expand our market presence and achieve our financial objectives."

"What stood out most for me about PWI was the bond they've been able to create with their clients. These relationships have been cemented by PWI's track record of consistently helping its clients capture the business value associated with their technology investments," said Kane. "I'm very excited to be joining PWI."

PWI contends that companies have not stopped making investments in technology. They are making more thoughtful decisions where ROI is a key determinant.

"In challenging economic times like these we extend a real advantage to our clients," said Salvato. "Our clients have found that the combination of our exceptional technology skills and our lower costs actually work to expand their IT capabilities and extend their IT budgets."

About PWI

Headquartered in Red Bank, New Jersey, PWI (http://www.pwicorp.com) provides software development solutions to Fortune 1000 and Global enterprises. PWI combines its software development capabilities with advanced mathematical and computer science expertise to further empower the product development and decision-making capabilities of its clients.