Los Angeles, California, February 26, 2004 - Docufide, Inc., provider of Secure Transcript™ for the electronic delivery of student transcripts, today announced Mr. D. Van Skilling and Mr. William Schaff have been appointed to its Board of Directors. The veteran executives also invested in Docufide's series A funding which closed in August, 2003. Docufide's President and CEO, Mr. John Reese, who is Chairman of the Board, appointed them.

Docufide intends to modernize how the education community shares student records, saving schools significant time and money. While schools now store student records in electronic formats, most of the 35 million high school and college transcripts that exchange hands each year still are sent through the mail. Docufide's initial product offering will enable a nationwide, secure, electronic transcript-delivery process.

Mr. Skilling retired as Chairman and CEO of Experian (formerly known at TRW Information Systems & Services) in 1999. Experian is a leading global supplier of consumer and business credit information, direct marketing and transaction-processing services. Based in Orange County, CA, its 11,000 employees generated sales of approximately $1.6 billion in fiscal year 1999. A 26-year veteran of TRW, Skilling was EVP/GM of its Information Systems and Services Group prior to the Experian spin-off.

"I'm pleased to serve on Docufide's Board. I've known John for 15 years. It's rare to find a person like John who repeatedly has seen a huge market inefficiency and created a compelling business to fix it. Docufide, by enabling student records to flow digitally, can help our nation’s schools operate more efficiently and will open up new applications not previously feasible,” said Mr. Skilling.

Mr. Schaff is Co-founder, President and Chief Investment Officer for Bay Isle Financial LLC, which manages approximately $1.1 billion in assets for institutions and individuals. Schaff co-manages the Large Cap Value Institutional Portfolio, Janus Advisor Small Cap Value Fund, and the Janus World US REIT Fund. He currently serves as a Board member for iTradeNetwork, a leading supply chain and procurement software company for the perishable food industry and is on the advisory board for DocuLabs, a leading Chicago-based technology consulting firm.

"Docufide's business model is very smart and puts the company on a pretty fast track to revenue and profitability," said Mr. Schaff. "This company is the first I’ve seen to put all the pieces together to bring real value to the education market while creating a defensible category position."

About Docufide, Inc.

Docufide’s initial service offering, Secure Transcript, manages the ordering, processing and secure delivery of official transcripts to student-designated colleges and universities. It’s free to high schools and colleges and saves them significant time and money by eliminating tedious paper-based processing. Secure Transcript provides students with the ability to place orders 24/7, notification when their transcripts are sent, and (if received electronically) received. Docufide, Inc. was founded in October, 2002 and is headquartered in Los Angeles, CA. For more information, visit www.docufide.com.

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