CHICAGO, IL (May 17, 2004)âTrading technology vendor and Futures Commission Merchant (FCM TransAct Futures announced the hiring of Gregory D. Sabatello, to serve as the firmâs new president. Bill Noyes, current president, chief executive officer and TransActâs founder will retain the position of CEO. Sabatelloâs appointment is effective as of May 1, 2004. âWeâve hired the right man for the jobâ Noyes related. âGregâs background in technology development, infrastructure management and disaster recovery are in line with the system stability and functionality that are of paramount important at TransAct.â Prior to joining TransAct Futures, Sabatello was a senior executive and Chief Information Officer with global technology company, Comdisco, Inc., where he was responsible for that company's worldwide information technology program, overseeing strategic planning, technical architecture, application development, network technical services, host and distributed computing services, Help Desk services, technical and asset management services, as well as the enterprise disaster recovery and business continuity Plans. A 1982 graduate of Arizona State University, Sabatello earned a Bachelor of Science degree in Computer Information Systems. âIâm enthusiastic about the challenges at TransAct,â stated Sabatello. âThe elements needed to take TransAct to the next level encompass many of the areas in my background. The flat management structure will be a refreshing change for me; and we will maintain close contact among the executive team. Weâve got a lot of work to do in a short amount of time, but weâre going to take this firm through the roof.â About TransAct Futures: Veteran Chicago Board of Trade floor trader Bill Noyes launched TransAct Futures in 1998 as York Business Associates. Realizing that exchange volume was rapidly shifting from the trading floors to electronic platforms, Noyes and his team of experienced traders and system developers set out to develop an intuitive trading platform for futures trading. YesTrader, the result of this development initiative, was a joint venture between York Business Associates and a technology investment firm. Launched in early 2000, YesTrader was well received by traders and trading firms alike for its stability and forward-thinking functionality. For additional information or a demonstration of the TransActAT active trading platform, contact Richard Markowitz or Bill Zimmerman at 1-877-872-3303 (141 W. Jackson, Suite 240-A, Chicago, IL 60604), or visit www.TransActFutures.com.