Ciceri Leading Custom House to Global Market Dominance

Victoria, British Columbia (ots/PRNewswire) - Peter Gustavson,
FCA, Chief Executive Officer of Custom House, the largest non-bank
foreign exchange company in North America and one of the largest in
the world, is pleased to announce the appointment of Peter Ciceri to
the new position of President.

"We have enjoyed amazing growth over the past number of years and
have some very exciting opportunities around the corner. We are
constantly assessing our organizational structure to ensure that it
is evolving to meet the requirements of this growth. In the past, I
have occupied both the CEO and President positions. Given the
exciting challenges ahead, I have decided that this is the
appropriate time to split the two roles," said Mr. Gustavson, who
founded the company in 1992 with one office and three employees. "It
is extremely fortunate for Custom House to have found someone of
Peter's experience, drive, personality and fit."

"I am very excited about joining Peter Gustavson and his team,"
said Peter Ciceri. "With strong management, solid revenue year over
year and an enviable business model in an international growth
market, Custom House is well-positioned to become the world's
preeminent foreign exchange company."

For the past few years, Ciceri has managed his own private
practice coaching and counselling CEOs, management consulting, and
serving on various Boards, including Lead Director and Chairman of
Sierra Wireless Inc. As President and Managing Director of Compaq
Canada Inc., from 1997 through 2000, Ciceri's responsibilities
included all financial operations and strategy. During his tenure,
Compaq's revenue grew from CDN$1.1B to CDN$1.8B. He grew the business
each year and successfully managed the merger of Tandem and Digital
into Compaq, one of the largest corporate mergers in Canada.

A seasoned global executive, Ciceri, BA (Economics), MA,
(Counselling Psychology), has work experience in North America,
Europe and Asia Pacific, lived in Hong Kong and Tokyo for ten years,
served as Managing Director for Tandem Computers Asia Pacific Ltd.;
Regional Director, Channel & Distributor Operations for
Hewlett-Packard Asia Pacific Ltd.; and Director of Product Marketing
for Nihon Unisys in Tokyo. He was named one of the National Post's
Top 100 Business Elite for Canada in 1999 and was awarded the
University of Victoria's Alumni of the Year in 2000 for business
achievement. He is a member of the Institute of Corporate Directors
and a popular speaker and lecturer on business leadership, change
management, corporate governance and international business. Peter
sits on the boards of Sierra Wireless, AERS Inc, the University of
Victoria, Progressive Solutions Inc., the Premier's Technology
Council of BC and is a former director of Compaq Canada Inc., MDSI
Inc., and VisualSonics Inc.

Business leaders and Fortune 500 companies worldwide trust Custom
House with its secure, award-winning foreign exchange services. Over
50,000 clients transact more than USD$15 billion annually, on-line
and through the Custom House network of trading offices in Australia,
Canada, Italy, New Zealand, Singapore, the United Kingdom and the
United States.

www.customhouse.com The Official Foreign Exchange Provider of the
PGA TOUR

ots Originaltext: Custom House Global Foreign Exchange
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For more information contact: Don Fenton, Director, Communications,
Tel: +1-416-646-3598 Extension 270 Mobile: +1-647-261-3104 or
+1-416-434-3681, dfenton@customhouse.com


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