July 21 2008

KippsDeSanto & Co. Advises Kadix Systems, LLC on Its Sale to Dynamics Research Corporation

KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Kadix Systems, LLC, (“Kadix”) by Dynamics Research Corporation. Kadix, based in Arlington, VA, is a rapidly growing, high-end management consulting firm having practice specialties in organizational change, information technology, and public and environmental health. The Company is focused on the U.S. Department of Homeland Security, the National Security Agency, U.S. Marine Corps, U.S. Army, and Federal Civilian markets. KippsDeSanto & Co. acted as exclusive financial advisor to Kadix in this transaction.

This transaction represents a number of key trends in defense and government services contracting M&A:

• Buyers continue to rely on acquisitions to penetrate well-funded, high-growth national security target markets;

• Strong demand for companies at the forefront of high-end strategy consulting and technology implementation convergence that translates into above-average profit potential;

• Buyers and investors are becoming more sophisticated when evaluating and structuring deals involving sellers with Small Business contracts; and

• Demonstrated track-record of growth and expansion within key markets via large agency specific (DHS EAGLE) or government-wide contracting vehicles drive premium valuations.

KippsDeSanto & Co. is an investment bank focused on delivering M&A and financing transaction results for leading, growth-oriented, companies in IT, Defense, Communications, and Government Contracting. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com. We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.

LEAD INVESTMENT BANKERS

Bob Kipps

Kevin P. DeSanto

Marc B. Marlin

Jon Yim