TAMPA, Fla.--(BUSINESS WIRE)--Oct. 11, 2004--MBSL Group, Inc., (MBGR.PK - News), a firm that specializes in providing technology support to the financial services and internet processing industries, has appointed Gary Bogatay as Chief Financial Officer. "Gary will be a valuable member of the executive management team," said Frank McPartland, Chairman of MBSL Group. "We are fortunate to secure a CFO of Gary's quality. He brings considerable experience in integrating acquired companies and specific knowledge of the financial services and internet processing sectors, and both will be key for achieving our growth initiatives."

Mr. Bogatay said, "I look forward to being part of MBSL's quality executive management team and to play an integral role in the execution of its growth strategy. I share MBSL's philosophy of focusing on organic growth while targeting acquisitions within high-growth channels," he said.

Mr. Bogatay is a Certified Public Accountant with more than 13 years of experience in senior financial management roles. He began his career at Deloitte & Touche, LLP, and has held senior financial positions at Guardian Protection Services, Career Education Corporation, as well as iGate Corporation, a publicly traded information technology and internet consulting firm. At iGate, Bogatay served as Vice President of Finance for iGate's Financial Services subsidiary, Symphoni Interactive LLC.

"Gary's experience fits perfectly with our plans to pursue acquisition targets within the financial services sector," said Mr. McPartland. "We have specifically targeted the internet search and pay-for-performance advertising industry as a growth sector we will be actively looking to enter."

As previously announced October 4, MBSL Group announced it had signed a letter of intent to merge Corporate Consulting Services, Inc. (CCS) into MBSL Group. San Francisco-based CCS provides professional technology, training and consulting services to companies serving the financial and internet/software industries.

More information about MBSL Group can be obtained at its website: www.mbslgroup.com or by contacting the company at 813-636-8020. MBSL Group's stock is listed on the National Quotation Bureau.

Except for historical information, matters discussed above are forward-looking statements within the meaning of safe-harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from projected results. Those factors include, but are not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices or other areas.

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Contact:

	MBSL Group, Inc., Tampa
	Frank McPartland, 813-636-8020

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Source: MBSL Group, Inc.