Octagon Research Solutions, Inc. Announced as a Finalist for Two American Business Awards

Wayne, Pa. - May 23, 2006 - CEO & Chairman Jim Walker of Octagon Research Solutions, a pioneer and leader in the electronic transformation of clinical R&D in the life sciences industry, announced today that Octagon has been chosen as a finalist in two categories for the American Business Awards, better known as the “Stevie Awards”. Octagon received a nomination for ‘Most Innovative Company’ and Jim Walker, Octagon’s Chairman and CEO received a nomination for ‘Best Executive’. Business professionals nationwide selected finalists for these awards during three months of preliminary judging.
Hailed as “the business world’s version of the Oscars” by the New York Post (April 27, 2005), The American Business Awards are the first national, all-encompassing business awards program honoring great performances in the workplace.

The Stevie Awards were created to honor and generate public recognition of the efforts, accomplishments, and positive contributions of companies and business people worldwide.  Beginning with The American Business Awards in 2002, The International Business Awards in 2003, and The Stevie Awards for Women Entrepreneurs in 2004, the mission is to raise the profile of exemplary companies and individuals among the press, the business community, and the general public.

A Board of Distinguished Judges & Advisors that features many of the leading figures in American business governs the American Business Awards.
 
More than 1,200 nominations were submitted for consideration in more than 40 categories, including Best Overall Company, Best Executive, Best Corporate Social Responsibility Program, and Best Human Resources Organization.
 
About The Stevie Awards

Stevie Awards are conferred in three programs: The American Business Awards, The International Business Awards, and The Stevie Awards for Women Entrepreneurs.  Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.  Learn more about The Stevie Awards at www.stevieawards.com.

About Octagon Research Solutions, Inc.

Octagon is a pioneer and leading process-centric solutions provider that offers a suite of regulatory, clinical, process and IT solutions to the life sciences industry. Octagon synchronizes processes and increases automation to reduce island-to-island inefficiencies within the clinical research and development process. We leverage the power of electronic submissions through cross-functional eSub expertise, a holistic process approach, deep domain knowledge and integrated solutions. Octagon is headquartered in Wayne, PA, with offices in Boston, MA, Costa Mesa, CA, and European headquarters in Amersham, UK. For more information please visit www.octagonresearch.com.