Agiletron Group Negotiates to Build Chinese Credit Reporting System; Integration Experts Take U.S. Best Practices to China.

Business Editors

MBA CONFERENCE AND EXPO

CHICAGO--(BUSINESS WIRE)--Oct. 21, 2002

At the 89th Annual MBA Conference and Expo, the Agiletron Group, an integration solutions provider for the mortgage banking and credit industries, announced negotiations with the Liaoning Province of the People's Republic of China on partnering to develop the province's first credit reporting database for both commercial and consumer credit.

Senior executives of Agiletron were in Liaoning Oct. 9th through 18th for further discussion regarding the partnership. The group expects to reach a final agreement by December 2002.

"We are confident that we can offer China the very best practices in domestic credit reporting," said Michael Wittman, co-founder and president of the Agiletron Group. "This development marks the beginning of an incredible opportunity for American vendors to help China build an extremely efficient, technology-driven financial infrastructure."

The Liaoning Province, an industrial center with more than 40 million people, is in the process of building its first credit bureau to support the continued economic growth and increasing financial market demands. Allan Guo, co-founder and CEO of the Agiletron Group, has strong ties to China and continues to play a key role in conducting the negotiations for the upcoming project. "Agiletron postures itself as a facilitator, matching best-of-breed financial systems to the Chinese marketplace," said Guo.

Agiletron is pioneering a technology process called "horizontal integration," aimed at the mortgage industry and widely applicable to other data-intensive industries. The concept works to correct the inefficiencies of the mortgage assembly process, and begins from the premise that the cost of processing mortgages cannot be forced down any further in vertical markets (e.g. credit reports, application processing).

Vendors and data aggregators, therefore, must increase profit margins by making the assembly process more efficient.

Horizontal integration responds to that need, electronically moving data between aggregators, from loan origination to secondary markets to servicing. Agiletron plans to maximize the efficiency of information sharing models to streamline the loan assembly process, seamlessly gathering and distributing data to reduce cost and labor involved.

About The Agiletron Group

The Agiletron Group is an integration solutions provider for mortgage banking and credit industries, specializing in business consulting services for U.S. and international clients. Founded in 1997 as Rock Computer Ltd., the company changed its focus in 2001 to address the mortgage industry's absence of dedicated technology consulting firms and reflect the broader vision and capabilities that have evolved from assisting financial institutions implement and manage IT outsourcing and business solutions.

For additional information on The Agiletron Group, write 221 Boston Post Rd East, Suite 420 Marlborough, MA 01752, call 508.229.3338 or visit Agiletron on the Internet at www.agiletron.com.