Paul Dunn Named CFO of ValueOptions^®

Norfolk, Virginia — May 8, 2006

ValueOptions, one of the nation's largest behavioral healthcare companies, announced today that E. Paul Dunn Jr. has assumed the role of Chief Financial Officer (CFO). Dunn assumes the role from Thomas E. Oram who is leaving the company after eight years of service to take on new challenges in the managed care industry.

As CFO of ValueOptions, Dunn will oversee all daily financial operations, including underwriting, accounting, purchasing and facilities management. He will also direct financial planning and budgeting operations, and as a member of the executive management team, will play a crucial role in ValueOptions' strategic corporate planning.

"In his time at ValueOptions, Tom Oram has accomplished a great deal, and we are sad to see him leave," states Barbara Hill ValueOptions CEO. "However, Paul Dunn brings a great deal of experience and expertise to the ValueOptions management team. We are confident that he will quickly transition into his new role, and in the years to come, we are certain that he will help guide our company through our next phase of corporate evolution and growth."

Dunn was most recently at Amerigroup, a $2.2 billion health management company that specializes in the public sector marketplace, where he served as Chief Financial Officer. Before Amerigroup, he served as Vice President, Finance and Treasurer for IMC Global (now know as The Mosaic Company), a $2 billion chemical manufacturer.

Prior to that, he held numerous management positions with GATX Corporation, the Hertz Corporation, and W.R Grace & Company. Dunn received his MBA from the University of Virginia's Darden School, and he received his Bachelor and Masters Degrees from UVA as well.