GuilfordPare Press Room.

-- Company Increases Staff by 250 Percent and Upgrades Infrastructure --

-- Sluggish Economic Conditions Point to Further Growth in 2003 --

BALTIMORE - February 10, 2003 - GuilfordPare, the nation's leading financial consulting firm specializing in workers' compensation and injury management, announced today that it set records for both number of clients served and dollars saved for its clients in 2002. Implementation of GuilfordPare's cost-saving action plan positioned its 12 clients to save more than $100 million collectively in workers' compensation costs.

"GuilfordPare's dramatic growth in 2002 is a direct result of companies realizing that the unique service we offer is an effective means of reducing costs in difficult economic times," commented Marcia DeWitt, GuilfordPare president and CEO. "We help employers, insurers and reinsurers uncover millions of dollars of savings through their workers' compensation and injury management functions by providing long-term, enterprise-wide strategies that result in real dollars being added to their balance sheets."

GuilfordPare worked with several Fortune 500 companies as well as several of the world's leading insurers. Contracts with six of its clients in the past year have been extended into 2003.

"We partnered with GuilfordPare in order to aggressively target our skyrocketing workers' compensation costs," said Reggie Gervasi, Risk Manager at Magruder's Super Markets. "GuilfordPare's proactive, enterprise-wide approach added real dollars to our bottom line by closing open claims and getting employees healthy and back on the job. The action plan we implemented saved us millions in 2002 and will save millions more in the coming years."

The soft economy and sluggish stock market prompted GuilfordPare to upgrade its internal capabilities, increasing staff by more than 250 percent last year. In addition, the company installed a state-of-the-art computer system which has increased the speed of workflow more than two-fold.

"We are expecting our growth to continue in 2003," said DeWitt. "The longer the economy sputters, the more critical it will be for companies to reexamine their workers' compensation policies. Insurers and reinsurers are no longer able to offset skyrocketing medical costs through stock market gains. We proactively resolve workers' compensation issues and get costs under control."

GuilfordPare offers a full range of workers' compensation and injury management consulting services under its one-of-a-kind "Management Contract," an integrated system to manage injuries, close open workers' compensation cases, access more effective medical and legal networks, develop return-to-work plans and improve workplace safety. The services offered under the "Management Contract" include: Management Action Plan, a step-by-step program that generates a company-wide picture of workers' compensation issues by conducting employee and management interviews and analyzing loss information and insurance costs; Quick ClosureSM, a service that swiftly resolves outstanding liability cases on the client's books; Enhanced Safety ProgramSM, a proactive accident-prevention program that addresses rising workers' compensation costs by making the workplace safer; and Au Pare, which instructs clients on how to prevent and manage workplace accidents after they occur, paring millions from medical and lost-time costs.

About GuilfordPare (www.guilfordpare.com)
GuilfordPare (formerly The Guilford Group) is a national leader in workers' compensation consulting and disability management. The firm's mission is to improve the balance sheets of Fortune 500 organizations, insurance companies and reinsurance companies. Since its inception in 1990, GuilfordPare has dramatically reduced costs associated with workers' compensation claims. In the past three years alone, GuilfordPare has worked with more than 250 clients, including a dozen Fortune 500 companies, to achieve an overall savings of nearly $1 billion dollars. The company is based in Baltimore, MD.