February 13, 2008

Jim Siegrist Joins Cydcor as SVP of Business Development

Cydcor has named Jim Siegrist Senior Vice President of Business Development. In this new role, Siegrist will create and execute business development strategies, oversee the Business Development team, and nurture and extend relationships with Cydcor clients, including leaders from the telecom and retail energy industries to financial institutions and office product suppliers.

Siegrist will work directly with Cydcor’s President, Jim Majeski, and other senior executives to identify new business opportunities globally and enhance the management of current business accounts through market research, financial feasibility studies, operational effectiveness and capacity utilization.

Siegrist brings more than 14 years of experience in investment banking, business development and corporate finance to Cydcor. Prior to joining Cydcor, Siegrist served as a principal at Hadley Partners, Inc., a Los Angeles-based investment banking firm, where he was responsible for business development and deal execution. Previously, Siegrist was an investment banker at Deutsche Banc Alex Brown where he was responsible for structuring and financing leveraged buyouts for top-tier private equity clients and leveraged recapitalizations for large corporate clients. At Deutsche Bank, Siegrist was also involved in cultivating and managing relationships with private equity clients and identifying merger and acquisition candidates for clients’ portfolio companies. His career has covered a broad range of industries, including business services, media and entertainment, manufacturing, healthcare, technology and gaming.

“Cydcor’s unique ability to deliver fast and measurable results allows us to help a diverse and distinguished client base achieve success in a rapidly evolving business environment,” Siegrist said. “I look forward to continuing to ensure and enhance quality service while also cultivating innovative business strategies that offer new value to existing and new clients.”

“Jim’s experience and deep understanding of our business is invaluable to Cydcor and we are thrilled to announce that he has joined our Senior Executive team,” said Jim Majeski, president of Cydcor. “With Jim on board, we anticipate increasing the momentum we have already achieved in expanding our customer base and pursuing strategic opportunities in new markets and industries.”

About Cydcor Inc.

Cydcor Inc., is the leading provider of outsourced, face-to-face sales teams to a diverse client base of companies in a range of industries, including telecommunications, office products, retail energy and financial services. Cydcor works with a network of independently owned corporate licensee sales offices providing clients with access to more than 3,000 sales professionals and 200+ offices in North America. The privately held company is based in Westlake Village, Calif.


Gail Michalak