Guardian Industries Corp. Selects the XRT Enterprise Suite to Streamline Treasury Operations and Improve Global Visibility of Cash

KING OF PRUSSIA, Pa., March 16 -- Guardian Industries Corp., a global manufacturer of architectural and automotive glass and fiberglass insulation products, has selected the XRT Enterprise Suite as the software solution to support its treasury operations in the United States and Canada and interface with its treasury locations throughout the rest of the world.

Guardian Industries, through its affiliates and subsidiaries, operates manufacturing and distribution facilities in 21 countries on five continents. The company expects that the XRT Enterprise Suite will allow it to obtain real-time visibility of its cash position and transactions, which will provide more timely information to better manage working capital assets.

The XRT Enterprise Suite will automatically link information from Guardian's banks to its corporate accounting system, including customer and supplier detail, debt, investments, foreign exchange and other treasury activities. As a result, Guardian expects to be able to eliminate a number of manual processes, which will improve data integrity and save time and money.

"Our goal is to create a state-of-the-art, world-class treasury operation to optimize our working capital management," E. Ann Waichunas, Treasurer for Guardian, said. "The XRT Enterprise Suite will provide us with a powerful tool to achieve our straight-through-processing objectives, as well as significantly improve the efficiency of our treasury operations. The time we save in automating daily cash activities will allow us to focus on helping Guardian achieve and surpass its strategic financial goals now and into the future."

"Guardian's international operations experience all of the financial complexities that come with global reach," John Wlcek, general manager of XRT's North American operations, said. "The XRT Enterprise Suite integrates and delivers critical financial information across an organization to streamline collaboration and provide extended visibility into key business operations."

About GUARDIAN INDUSTRIES CORP.

Guardian Industries Corp., based in Auburn Hills, Mich., is one of the world's largest manufacturers of float glass and fabricated glass products for the commercial and residential construction industries, and the world's largest producer of mirrors. Guardian Automotive provides complete exterior systems to the global automotive industry and is a Tier 1, top-100 global automotive supplier. Guardian's Building Products Group includes one of the largest manufacturers of fiberglass in the world and occupies a significant position in the building materials distribution business.

Guardian, its subsidiaries and affiliates employ 19,000 people and operate facilities throughout North America, Europe, South America, Asia, Africa and the Middle East. More information on Guardian Industries can be found at www.guardian.com.

About XRT

XRT is the world's largest provider of financial management software that is solely dedicated to supporting the treasury needs of medium and large organizations. For more than 20 years, XRT has served an extensive global client base. Currently, more than 6,800 organizations in 55 countries use XRT solutions. The company generated EUR 39.4 million in revenue in 2003 with a staff of 350. Its global headquarters is in Paris-La Defense, and the U.S. headquarters is in King of Prussia, PA. More information on XRT can be found at www.xrt.com.