BearingPoint, Forbes Give Fifth Compass Award to Linde's Wolfgang Reitzle

PARIS, June 27 /PRNewswire-FirstCall/ -- BearingPoint, Inc. , one of the world's largest business consulting and systems integration firms, along with Forbes magazine, today awarded its fifth Compass Award for Strategic Direction to Professor Dr. Wolfgang Reitzle, Chief Executive Officer of Linde AG.

The presentation was made during the Second Annual Forbes European CEO Forum, held in Paris on June 27 - 28, 2005.

As CEO of Linde, Reitzle demonstrated his focus on operating performance and profitability with the decision to sell the company's traditional Refrigeration Technology division and focus on Linde's successful Industrial Gases and Engineering and Material Handling, business units. Linde was built 126 years ago by creating the first modern refrigeration machine. Reitzle was credited for his realization that while refrigeration technologies were the roots of the company, they did not represent Linde's future.

"Wolfgang Reitzle is one of the leading visionaries in business and with this award we recognize his outstanding career achievements," said Harry You, CEO, BearingPoint. "Wolfgang has established himself as a pioneer and innovator in the gas and engineering industry, and we hope this award in some small way embellishes Wolfgang's outstanding record."

The BearingPoint / Forbes Compass Award for Strategic Direction is presented to individuals who, driven by innovation and foresight, have distinguished themselves by outstanding contributions to their enterprises. The recipients are acknowledged for strategic vision and transforming concepts into actions that empowered both individual and organizational success. Sumner Redstone, Chairman & CEO of Viacom, received the inaugural Compass award in 2004. Past recipients also include Tyco International Chairman and CEO Ed Breen and Doreen A. Toben, Executive Vice President and Chief Financial Officer of Verizon Communications.

For more information on the Compass Awards, selection criteria and evaluation process, please visit http://www.bearingpoint.com/compass_awards.

About BearingPoint, Inc.

BearingPoint, Inc. is one of the world's largest business consulting, systems integration and managed services firms serving government agencies, Global 2000 companies, medium-sized businesses and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America's Most Admired Companies in the computer and data services sector. For more information, visit the Company's website at http://www.bearingpoint.com/.

This press release may contain forward-looking statements, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in Exhibit 99.1 in our Form 10-Q for the period ended September 30, 2004 and our Form 8-Ks filed as of December 16, 2004, March 18, 2005 and April 20, 2005. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.