APPRO Systems Promotes Allan Fried to Director of Product Management.

Business Editors

BATON ROUGE, La.--(BUSINESS WIRE)--Oct. 13, 2003

APPRO Systems, Inc., the leading provider of automated credit risk management and loan origination technologies for the lending industry, today announced the promotion of Allan Fried to director of Product Management for its consumer lending and business lending systems.

As director of Product Management, Fried will be charged with on-going product strategy and product definition based on market research and industry needs enabling APPRO's customers to optimize their lending operations.

Fried brings more than 15 years of experience in system design, documenting business processes, and business needs analysis in banking, mortgage, indirect auto and captive auto lending operations to his new position. Prior to joining APPRO in February, Fried served as a product strategy manager for Alltel Information Services' consumer loan origination system. He was also co-founder of Corporate Solutions International, where he was the primary architect of the company's lending software system.

Fried holds a Bachelor of Arts degree from Rider College (Trenton, N.J.), is an active member of both the Mortgage Bankers Association of America and the Consumers Bankers Association of America, and serves as an advisory board member for the American Financial Services Association.

"Since joining APPRO earlier this year, Allan has shown himself to be an invaluable resource to our company and our customers through his proven experience and strategic vision," said Matt Semrad, COO of APPRO. "His new role as director of product management is an important one to our future success as we continue to develop our consumer and business lending technology and look to Allan to help guide us in the right direction."

About APPRO Systems, Inc.

APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 400 financial institutions, with customers of all types in the United States, Canada and Puerto Rico. The company provides rapid implementation time and professional services for its signature product, LoanCenter(TM), a scalable software system that enables high decision quality and speed and automates the entire workflow of processing credit applications and originating loans for lenders of all sizes. The 25-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas. For additional information about APPRO, visit the company's Web site at www.approsystems.com.