Innovest and Administrative Systems, Inc. (ASI) Merge to Create Integrated, Single-Source Trust and Wealth Management Technology Company

NEW YORK, NY and SACRAMENTO, CA, April 25, 2013 – Innovest Systems, LLC, provider of InnoTrust, the next-generation technology platform for forward-thinking trust and wealth management professionals, and Administrative Systems, Inc. (ASI), the leading provider of secure automated disbursements, tax form processing, and document fulfillment, today jointly announced their intent to merge in a stock-for-stock transaction effective April 30, 2013. Terms of the merger agreement will not be disclosed.

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