Huntersville, NC - Effective immediately, COSS Corporation President John Lundsten has assumed the role of Chairman, Chief Architect.  Chief Operating Officer Joe Herrmann has replaced Lundsten as President.  For Lundsten, the "new" role is more like a return to his roots as company founder and visionary developer of COSS' innovative systems.

In 2007, COSS will celebrate its 20th year as a specialty provider of illustration and point-of-sale systems for the insurance and financial services industries, a milestone few software developers ever reach.

Under Lundsten's leadership, COSS grew from a two-man start-up to an international industry leader with offices in Wisconsin, North Carolina and Georgia.  "John has always been the innovative force behind COSS' systems," said Herrmann.  "As Chief Architect, we will leverage his considerable creative talents to envision and drive the next generation of COSS' product offerings."

Lundsten laid the groundwork for the leadership transition early in 2006, with the appointment of an executive management team comprised of COO Herrmann, Chief Marketing Officer Julian (Jay) Stevens and Chief Technology Officer Mathew Clark.  "This would not be possible without such great leaders in place," he said.

Joe Herrmann joined COSS in 1994 with 24 years' executive-level experience in major insurance groups.  As Chief Operating Officer, he managed resource allocation and partner/subsidiary relationships, and provided valued client counsel in the successful field and home-office implementation of COSS software.

"The road ahead for COSS is as bright as ever," stated Lundsten.  "Our business and our technical leadership have never been stronger, and we are well positioned for great success in the years ahead."

New Contact Information:

John L. Lundsten, FLMI Chairman and Chief Architect (704) 948-4103 johnl@coss.com	Joseph Herrmann, CPCU, CLU, ChFC, FLMI President (704) 948-4103 joeh@coss.com

About COSS:

COSS Development Corporation is an employee-owned technology company serving the financial services industry with point-of-sale solutions.  Founded in 1987 with offices in Wisconsin, North Carolina and Georgia, COSS offers a complete suite of solutions, including product illustrations, hypotheticals, historical illustrations, asset allocation, needs analysis, advanced marketing, wealth distribution planning, intelligent forms and interactive agent training.  COSS provides Web and desktop solutions in both the .NET and J2EE environments.

For more information about COSS Development Corporation, contact:

David J. Ruggerio
Director of Marketing
daver@coss.com
P:  704-948-4103
F:  704-987-1228
9820 NorthCross Center Court
Huntersville, NC 28078
www.coss.com