KBAY Kanbay International (MM)

Crain's Names Kanbay as Third Fastest Growing Company in Chicago ROSEMONT, Ill., Oct. 18 /PRNewswire-FirstCall/ -- Kanbay International, Inc. (NASDAQ:KBAY), a global management consulting, technology integration and development, and outsourcing firm, today announced that it was named one of the fastest growing public firms in Chicago by Crain's Chicago Business. Kanbay comes in at number three on the annual list of 25 companies which is based on combined rankings of revenue growth and net income growth. "It is a great honor to be included in Crain's list of 'Fastest Growing Companies.' We focus on providing state-of-the-art IT services to Chicago- based and nationally- and internationally-based companies," said Raymond J. Spencer, Chairman and Chief Executive Officer of Kanbay. "Our unique global delivery model and deep domain expertise positions us as a true end-to-end solutions provider for our customers and our strong track record of profitable growth reflects our success." In 2005, Kanbay recorded revenues of $230.5 million and income of $33.1 million, up 26% and 21% respectively over 2004. Kanbay most recently expanded operations with the acquisition of Adjoined Consulting in March. About Kanbay International, Inc. Founded in 1989, Kanbay International, Inc. (KBAY) is a global IT services firm with approximately 6,500 associates worldwide. Kanbay provides a highly integrated suite of management consulting, technology integration and development, and outsourcing solutions through a proven global delivery platform to clients focused on Financial Services and Consumer & Industrial Products, as well as an emerging presence in the Communications & Media and Life Sciences industries. Kanbay is a CMM Level 5 assessed company headquartered in greater Chicago with offices in North America and India as well as London, Singapore, Hong Kong and Melbourne. Further information about Kanbay can be found at http://www.kanbay.com/. Forward-Looking Statements This release may contain statements relating to projections or future results. These statements are forward-looking statements under the federal securities laws. We can give no assurance that any projections or future results discussed in these statements will be achieved. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from the statements contained in this release. For a discussion of important factors that could affect our actual results, please refer to our SEC filings, including the "Risk Factors" disclosure in our Quarterly Report on Form 10-Q for the period ending March 31, 2006. DATASOURCE: Kanbay International, Inc. CONTACT: Kanbay Contact: Megan Grabos, +1-312-861-4710, or Web site: http://www.kanbay.com/

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