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Meridian Project Systems wins Golden State Capital Network's Alumnus of the Year Award

GSCN recognizes two area companies at Sacramento's Golden State Venture Capital Conference

FOLSOM, Calif. (February 13, 2002) - Meridian Project Systems (Meridian) received Golden State Capital Network's Alumnus of the Year award at the Sacramento Golden State Venture Capital Conference's opening reception on Monday evening. Meridian shares the award with PowerSchool, a software company recently acquired by Apple. This is Golden State Capital Network's first annual Alumnus of the Year Award, presented to promote the importance of entrepreneurism and to honor successful companies that have raised investment capital, generated local economic impact and received significant industry recognition for their accomplishments. More than 250 companies that have participated in Golden State Capital Network's programs were eligible.

A fifteen-person selection committee comprised of investors and Golden State Capital Network Board members evaluated all of the applications to determine the winner. "We selected Meridian Project Systems as one of the two Alumnus of the Year recipients based on its phenomenal revenue growth and demonstrated capacity for future success," said, Jon Gregory, president and CEO of Golden State Capital Network. "Meridian Project Systems' impressive client list, international expansion and its recent acquisition of a project management company show its commitment to long-term success and growth."

Meridian Project Systems is a leading software and e-business project management solution provider. Primarily focused on the $3.4 trillion construction industry, Meridian is beginning to expand its scope to include a variety of industries including communications, healthcare, IT and manufacturing. "We are extremely honored to be recognized as Alumnus of the Year in such an esteemed program," said John Bodrozic, president and cofounder of Meridian, "I'm proud of everyone who works for Meridian Project Systems and am grateful to organizations like Golden State Capital Network for providing venues toward raising investment funds."

In addition to the Alumnus of the Year award, Golden State Capital Network selected seven finalists to receive honorable mentions and be touted as "Great Young Companies to Watch in 2002." The conference took place at Sacramento's Hyatt on February 11-12.

For further information on Meridian Project Systems, visit www.MeridianSystems.com . For Golden State Capital Network, see www.GoldenCapital.net.

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About Meridian Project Systems:
Meridian Project Systems is a software and application service provider specializing in comprehensive project management tools. Founded in 1993, Meridian debuted on Inc magazine's INC 500 as the 56th fastest growing company in the United States in 2000, and has appeared on the prestigious list two years in a row. Meridian' 70,000+ users rely on the company's Internet solution, ProjectTalk.com, or its commercially packaged software, Prolog. Meridian is headquartered in Folsom, Calif. Visit www.MeridianSystems.com for further information.

Press Contact:
Mindy Matullo
Meridian Project Systems
(916) 294-2066
mmatullo@MeridianSystems.com


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