ProspX Welcomes Dr. William T. Hold to Board of Directors

Co-founder and President of The National Alliance to Help ProspX in its Next Phase of Growth

AUSTIN, TX – January 10, 2012– ProspX, Inc., developer of the first on-demand sales collaboration and business intelligence solution for the commercial insurance industry, today announced that William T. Hold, PhD., CIC, CPCU, CLU, has joined the ProspX Board of Directors.

Dr. Hold is co-founder and president of the Society of Certified Insurance Counselors (CIC), president of The National Alliance Research Academy, chief executive officer of the Society of Certified Insurance Service Representatives (CISR), and a co-founder of Certified Risk Managers (CRM) International and the Certified School Risk Managers (CSRM) Program – all under the umbrella of The National Alliance for Insurance Education & Research.

Dr. Hold has authored articles in numerous insurance-related academic and trade journals, written several books on a wide range of industry subjects, and has been on the faculty of the University of Wisconsin and the University of Texas at Austin. He has been named to the 100 Most Powerful People in Insurance List for the last six years.

"Dr. Hold's extensive leadership experience in the complex and competitive business of insurance, makes him the perfect choice for our Board," said Todd Young, president and CEO of ProspX. "We are looking forward to working closely with him as we continue our mission to streamline communication and collaboration between brokers and carriers, helping them harness the best relationships, intelligence, and resources available for the benefit of their clients."

"As head of The National Alliance, an organization with more than 142,000 participants, I know first-hand the importance of streamlining and targeting communications at the point of opportunity," said Dr. Hold. "The ProspX technology is groundbreaking for our industry and I'm excited to be joining this innovative team on its journey to positively transform existing communication and collaboration systems between brokers and carriers."

The ProspX collaboration platform facilitates the real-time sharing and exchanging of critical information and intelligence as it relates to specific classes of risk, types of exposure, and clients. ProspX InsiderConnect™, is the first electronic marketing solution that delivers targeted insurance industry news and carrier updates to agents, account executive, CSRs and marketing executives who are actively working on related new and renewal business opportunities.

For more information on ProspX solutions for the commercial insurance industry, please visit www.prospx.com.

About ProspX

ProspX, Inc. develops the industry leading social business platform for managing the complex, multi-party sales process of the $500 billion commercial insurance industry. Built for the commercial insurance industry by insurance professionals, the ProspX platform gives brokers quick and easy access to the critical information and resources relevant to the new and renewal business they are working on, while allowing carriers the ability to elevate their message for increased visibility at the initial point of an opportunity. For more information, please visit us at www.prospx.com, follow us on Twitter at www.twitter.com/prospx and like us on Facebook at www.facebook.com/prospx.

###

ProspX is a trademark of ProspX, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.

Media Contact:

Jill Ford
jill.ford@prospx.com
(512) 419-9970