Smarsh Inc. Extends Hedge Fund Email Archiving Promotion for New SEC Registrants

Portland, OR - January 18, 2006 - Smarsh Inc., a privately held global provider of technology solutions for the financial services industry, has extended its email archiving pricing promotion for new hedge fund customers trying to meet February 1st SEC registration deadlines.

New customers who sign up before February 1st, will be eligible to receive up to $1500 off regular implementation charges. This promotion follows last year’s launch of Archive InSite™, an archiving solution designed specifically for small to mid-sized hedge funds. The solution satisfies the need for hedge fund managers to follow future hedge fund record retention requirements.

About Archive InSite

A bundled package of services, Archive InSite allows compliance officers, and other authorized administrators to utilize all products in the Smarsh Inc. Web Compliance Toolkit. Administrators have access to Email and IM archiving, anti-spam and virus protection, encryption, and a host of other provisions which have been designed specifically for hedge fund compliance. Financial managers have a definite digital trail of all electronic communication, providing a fail safe and fully searchable archive which complies with new hedge fund regulations. Furthermore, Archive InSite has also been engineered to easily evolve with any shifts or changes in future regulations.

"Archive InSite is structured to minimize the time for implementation, as well as delivering the most robust feature set. Hedge Funds need security and speed, we provide both." Steve Finnern - VP of Sales and Operations, Smarsh Inc. "We have developed an archiving solution which will provide any hedge fund with the ability to meet the new regulations in an efficient manner. Compliance managers will find the greatest benefit in the simplicity of the set-up and day-to-day use of the solution." Archive InSite allows hedge fund managers to spend less time worrying about how to address these regulations and lets them stay focused on their primary goal, growing their fund. Archive InSite maintains regulatory compliance with very low maintenance. Now, hedge fund managers can leverage all of the archiving solutions that other segments of the financial industry have been using for several years.

"We know that the regulations are not highly favored by those within the industry," Steve Marsh, CEO. "We wanted to provide a solution that would make the transition to complying with these regulations as painless as possible, and we believe we have accomplished that goal with Archive InSite."

For more information on Smarsh Inc.’s Smarsh Archive InSite™, please visit www.smarsh.com or call 1-866-SMARSH-1.

About Smarsh Inc.

Founded in 2001, Smarsh is a privately held global provider of technology solutions for the financial services industry. Smarsh provides financial applications as well as completely managed and custom email hosting and messaging compliance solutions to brokerages, banks, trading floors, and investment management firms. Smarsh is headquartered in Portland, OR and has regional offices in New York and San Francisco. For more information on Smarsh, please visit www.smarsh.com.

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