Americas Software to Install ASSIST//ck Anti-Money Laundering Software at Citco Group Ltd.

Business Editors/High-Tech Writers

MIAMI--(BUSINESS WIRE)--June 18, 2003

Americas Software today announced it has signed a contract to install its ASSIST//ck(R) anti-money laundering software at the international banking subsidiaries of The Citco Group Ltd.

The installation of ASSIST//ck, will automate the tasks required to monitor account transactions, detect suspicious activity and investigate and report money laundering to the proper authorities, a process that is now largely performed manually by the Citco Banks. The software uses sophisticated algorithms to develop "normal" patterns of account behavior and red flags any transactions that are out of the ordinary or that may indicate money-laundering activity.

"We're pleased to enter into this relationship with the Citco Banks," said John Daly, president of Americas Software. "Our software will further help Citco to have automated monitoring systems in place, which will efficiently and cost-effectively manage the anti-money laundering policies and procedures required in the current regulatory environment."

About Americas Software

Americas Software, headquartered in Miami, develops, markets, and sells software that enables banks and other financial institutions to track, detect, investigate, report and manage suspicious activity, including money laundering. The company's flagship product, ASSIST//customer knowledge (ASSIST//ck), analyzes how money moves in, around and out of financial institutions by profiling account activities and monitoring transaction trends. ASSIST//ck and AFACS//web, a Web-based search engine that automates OFAC compliance procedures, are currently installed at more that 95 institutions in 25 countries.

For more information, call 305/377-3502 or visit http://www.americasoft.com.

NOTE TO EDITORS: In the product names, ASSIST//ck and AFACS//web noted in this news release, there is a double slash between ASSIST and ck and AFACS and web. This symbol may not appear properly in some systems.