Former PwC Global Chief Accountant joins Validis™ parent company Future Route Ltd as Non-Executive Director

Wednesday, November 21st, 2007

Future Route Ltd, the London-based company specialising in the development of intelligent data analysis software for mass markets and producers of Validis SaaS service for accountants, auditors, banks and companies, today announces the appointment of John Brendon as a Non-Executive Director with immediate effect.

John Brendon, aged 60, has 40 years experience within the accounting and auditing profession having joined PricewaterhouseCoopers ('PwC') in 1968. Most recently, he was Global Chief Accountant at PwC a position he held from May 2004 until his retirement in June 2007. In this role, he was responsible for the global team which provided all IFRS advice.

During his time at PwC, John worked with a number of major international clients and held a variety of other senior positions including being a member of the UK firm Supervisory Board, a member of the Global Oversight Board and the UK Ethics Partner.

Future Route develops highly sophisticated data analysis software based on proprietary algorithms and makes it available to various mass markets. Validis, its flagship product which has recently won the Accountancy Age 2007 award for 'Best Use of Internet in Business', is a web-based 'Software as a Service' ('SaaS') that complements and interfaces with accounting packages providing users with a simple, automated way of validating 100% of accounts data in a matter of seconds.

The Company has recently formed a strategic alliance with Mamut, a leading European provider of complete, integrated software solutions and internet services for small and medium enterprises (SMEs), which will see all Mamut customers throughout Europe provided with access to Validis.

Commenting on John's appointment Chris Poll, Chairman of Future Route Ltd, said:

"I am absolutely delighted to be welcoming John to Future Route's Board. His invaluable expertise and experience following 40 years within the accounting and auditing profession, one of our target markets, made him the perfect candidate for the role of Non-Executive Director of the parent company that owns Validis and both Validis and Future Route will benefit enormously."

John Brendon said:

"After 40 years in the accounting and auditing profession, I am very pleased that my first direct involvement with industry is to join Future Route's Board at an extremely exciting time in its development of Validis SaaS for the accounting profession. The calibre of the team, combined with the enormous potential the Company has to transform the data and numbers business through the use of its Intellectual Property within the field of Artificial Intelligence software in its Validis Service, make Future Route an extremely attractive business with strong prospects for growth."

 

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