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RTI Announces ESOP FAIRFAX, VIRGINIA – September 13, 2002 – RTI has recently implemented an Employee Stock Ownership Plan (ESOP), which makes all full-time employees shareholders. Through the ESOP, employees have received stock contributions valued at approximately 25% of their prior year's annual compensation. The ESOP was formally announced to employees in early September. The decision to install an ESOP was driven by the recognition that our employees are our most important asset, stated Michael Ricciardi, President of RTI. "The ESOP creates a real team environment with true ownership," he said. "Everyone works together with a responsible awareness of performance and accountability. Everyone directly shares in the risks and rewards, and has a real "piece of the action." "And it does not require any money from the employees' pockets," he added. "All the stock in the ESOP is contributed by the company, and is over and above current compensation." The ESOP will allocate shares of RTI stock annually into each eligible employee's account. Employees are fully vested after 7 years. RTI joins a growing number of mid-sized privately owned companies that have implemented ESOPs in recent years. There are over 12,000,000 employee-owners through ESOPs in the United States, with a large concentration of ESOP Companies in the greater Washington D.C. area. About RTI RTI is a software development and consulting company providing professional software & hardware development support and distributed/embedded systems products and solutions to Fortune 500 Clients and Federal Agencies. For additional information on RTI, please visit our website at http://www.rti-world.com
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