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FOR IMMEDIATE RELEASE

Contact: Steve Lebetkin
Chief Executive and Chairman
(212) 905-3340
stevel@primagency.com

Primagency Names Sheila McGarrigle Chief Marketing Officer

New York, NY, February 1, 2002 - Primagency, a national finance agency, bolstered its management team by naming Sheila A. McGarrigle chief marketing officer for the company. In this position, Ms. McGarrigle will lead the firm's business development, marketing and corporate communications efforts.

"As Primagency grows rapidly and gains traction, it is essential to have a marketing leader with a deep understanding the industry as well as the needs of our clients and business partners," said Chairman and CEO, Steve Lebetkin. "Sheila's experience and achievements make her ideal to lead Primagency's marketing, BD, and communications activities."

Ms. McGarrigle brings more than 16 years experience in a variety of sales and marketing management roles to this position. Most recently, she served as Vice President, International Marketing for information technology company, NewsEdge Corporation, from Geneva, Switzerland.

Ms. McGarrigle holds a Bachelor of Arts degree in marketing and communications from New York University, NYC, NY.

About Primagency
Primagency (www.primagency.com) is a national finance agency managing the secured debt funding process from pre-underwriting to closing. The company's mission is to re-engineer the funding process by delivering a comprehensive agency perspective across multiple lines of business and by providing customized solutions on various lending platforms that benefit both borrowers and lenders.

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