ProspX Names Former AIG Executive Steve Gold as Chief Executive Officer

Company Closes Additional Financing to Fund Growth and Expansion

AUSTIN, Texas - May 14, 2013 - ProspX, Inc. today named Steve Gold as president and chief executive officer, bringing to the company more than 27 years of executive management experience in commercial insurance as ProspX continues to grow and scale. Co-founder and former president and CEO Todd L. Young will become ProspX's executive vice president responsible for sales, marketing, and business development.

Gold is a proven commercial insurance leader with a strong record of establishing operational excellence and driving shareholder value. As head of commercial sales and marketing for AIG, he directed growth strategies and business planning with major retail brokers across the United States and Canada. He was instrumental in pioneering sales automation technologies to enhance carrier and broker relationships, increasing the visibility of AIG's specialty lines and globally expanding the company's major accounts practice. Prior to heading up commercial sales and marketing, Gold was the president and chief executive officer of Accident & Health, the accident and supplemental health market leader.

"ProspX is one of the most exciting and disruptive technology companies in our industry, and I am honored to be joining such an innovative team," said Gold. "As a customer, I experienced firsthand the positive impact that ProspX has on sales, marketing, and commercial insurance distribution overall. As CEO, I now look forward to helping spread the adoption of its solution across the industry."

After strong momentum in the first quarter, the company finalized an additional financing round in April. The investment will help fund ongoing sales and marketing strategies focused on accelerating the ProspX broker and carrier network. The network currently exceeds 11,000 commercial insurance professionals from the top 260 brokers, agencies, and commercial carriers worldwide.

"Steve is the perfect candidate to lead ProspX into its next phase of growth," said Young. "He brings a well-established track record along with a passion for helping to grow great companies, and we look forward to exciting times as we continue to grow our broker and carrier customer base under his leadership."

ProspX is a powerful yet simple-to-use solution for establishing and strengthening client relationships, reinforcing expertise, and demonstrating brand value. ProspX's social business platform delivers custom insurance industry, line of business, and carrier specific content and business intelligence to brokers based on their areas of expertise and interest. They can then easily share this relevant content within and across their business network. Additionally, carriers are able to target their message and content to a specific broker at the point of opportunity, leading to increased visibility, improved collaboration, and more quality submissions.

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.

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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