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OCTAGON RESEARCH SOLUTIONS NAMED TO THE PHILADELPHIA 100®

Rising Revenue Classifies Octagon as one of the Philadelphia Region's Fastest-Growing, Privately-Held Companies

KING OF PRUSSIA, PA - August 20, 2003 - Octagon Research Solutions, a leading provider of regulatory, clinical information management, process and information technology products and services to the life science industry, announced today that it has been named to the Philadelphia 100ئ list of fastest-growing, privately-held companies in the Philadelphia region by the Wharton Small Business Development Center.

The Company's specific ranking will be announced at the Philadelphia 100ئ event on October 23, 2003 at the Hyatt at Penn's Landing. The Entrepreneurs Forum of Greater Philadelphia, the Philadelphia Business Journal and the Wharton Small Business Development Center are co-hosting the event.

"In less than four years we have grown from a start-up to profitability, increasing our staff in King of Prussia from six to seventy and expanding our presence into Boston, a key region in the biotechnology industry," said James C. Walker, President and CEO of Octagon Research Solutions. "Being named to the Philadelphia 100ئ confirms our standing as a solid company in this region as well as the strong demand for technology solutions specific to the life sciences regulatory environment."

To be considered for this honor, a company must be an independent, privately-held corporation with a three-year sales history that has increased during the most recent fiscal year. The company must also have a minimum of $75,000 but less than $25 million in sales during the most recent three fiscal years.

About Octagon Research Solutions, Inc.

Octagon is a 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 creative use of technology. Octagon is headquartered in King of Prussia, PA, with an office in Boston, MA. For more information please visit www.octagonresearch.com.

 

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