Nirvana Solutions Opens New York Office to Support Rapid Growth - June 24, 2008

San Francisco, June 25th, 2008 - Nirvana announces that it has opened a new office in Manhattan. The new office will house service and sales teams dedicated to supporting hedge fund clients who have implemented the Prana solution.

The office will be led by Andy Volz, who had been VP of Product Management at Nirvana's headquarters located in San Francisco. Prior to Nirvana, Andy was with Lava Trading, where he was responsible for their client support teams in New York.

"This represents a natural progression for our firm," Shams Karim, CEO of Nirvana. "We have seen rapid growth for our innovative hedge fund solution in the last 6 months, particularly in the Tri-State area. Andy and his team will allow us to respond to the needs of these new firms. We founded Nirvana with a commitment to offering the best technology and service in this industry."

About Nirvana Financial

Nirvana Solutions is a San Francisco based software company whose mission is to provide all the technology that a hedge fund needs on one integrated platform. Prana is the hedge fund industry's first purpose-built, front-to-back office solution. It supports the entire workflow of a hedge fund by combining execution, order, and portfolio management, onto one broker-neutral, multi-prime, global-trading platform. Prana can be deployed in its entirety or in a modular fashion and is offered as a fully hosted solution.

For more information visit www.nirvanasolutions.com.

Contact:

Peter Curley
Nirvana Financial
415-482-4086
peter.curley@nirvanasolutions.com