Banca Quadrum To Target Mexico's Accelerating Internet Banking Market Using Prologic Software.

Business/High Tech Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--April 19, 2000

Prologic Corporation, the leading developer of software solutions for the global financial industry, today announced that Banca Quadrum will launch a new Internet bank -- Quadrum.com -- deployed on Prologic's i-Wealthview(TM) enterprise wealth management software.

Quadrum.com becomes one of the more than twenty Internet banks that Prologic has on its prestigious list of customers, further demonstrating Prologic's position as the foremost provider of financial services technology for this rapidly growing market.

Banca Quadrum, based in Mexico City, is the only Mexican financial institution with a full listing on a US stock exchange (Nasdaq:QDRMY) where it has been publicly traded since 1993. Traditionally, Banca Quadrum has focused on offering corporate and personal banking services to high net worth customers. Now, Quadrum.com will build upon that experience gained in the retail financial services sector and target the increasing number of customers banking via the Internet. Quadrum.com is scheduled to open its `virtual' doors on June 15, 2000 and estimates securing 15,000 -- 20,000 customers within its first year of operations (by June 2001).

John Detmold, Chairman and CEO of Banca Quadrum outlined the bank's strategy, "There is a strong correlation between Mexican Internet users and the market for the low cost full service, highly automated banking services that we intend to offer. The number of such users exceeds 2.4 million and is generally believed to be growing at over 50% per year." He continued, "With our prior experience as a telebank, Banca Quadrum is ideally placed to capitalize on this growth. Quadrum.com will meet the specific needs of the virtual bank market with a unique, differentiated product and service offering, at Internet-speed."

The management team, led by Alejandro Ramos Larios, EVP of Technology and Business Development, highlighted one of the critical factors they felt would determine the successful implementation of Quadrum.com. "We knew that our business plan could only be solidified and accelerated if the right strategic alliance was achieved. This was where our partnership with Prologic became key -- Prologic's suite of Internet-enabled wealth management software products emerged significantly ahead of any of the competitors in this market." He expanded, "It soon became apparent that Prologic was the company best able to provide the tools we needed to get to market quickly, and empower us to deliver a highly customized level of service in a timely, easily accessible format."

Mike Cardiff, President and CEO of Prologic commented, "Market leaders like Banca Quadrum recognize the opportunities that the escalating shift towards Internet banking presents for them, not only locally in Latin America, but for the greater Hispanic community globally. They also recognize that the capabilities of our i-Wealthview(TM) products provide the technological keys to facilitate their competitive advantage." Mr. Cardiff continued, "i-Wealthview(TM) solutions allow the virtual financial institution to offer an unprecedented level of personalization and convenience to their most profitable, high net worth customers, which in turn translates into increased levels of customer acquisition and retention. It's a powerful combination -- which is why our customers, some of the world's most innovative banks, are achieving extraordinary things and leading the way in e-banking."

Prologic Corporation is the leading developer of software solutions for the global financial services industry. Prologic's customers include 7 of the top 25 largest banks in the world, with over 20 Internet banks using Prologic solutions. Prologic technology enables financial institutions to quickly deploy solutions for their converging financial services offerings, while also supporting capabilities for increasing profitability, customer acquisition and retention. Prologic has recently announced i-Wealthview(TM), its new enterprise wealth management solution that features e-banking, e-brokerage and e-insurance. Through strategic alliances with Microsoft, Compaq Computer Corporation, and other international partners, Prologic's banking solutions are in use in over 300 financial institutions globally. Visit Prologic's home page at www.PrologicCorp.com, or call 604/278-6470.

Prologic, i-Wealthview, and Ovation are trademarks of Prologic Corporation. Microsoft, Windows and Windows NT are either trademarks or registered trademarks of Microsoft Corporation.