Banking Software Company, Infoserve International Opens World Headquarters in Honolulu.

Business Editors/High-Tech Writers

HONOLULU--(BUSINESS WIRE)--March 11, 2001

Infoserve International, Inc., a banking and financial services software company has opened its world headquarters in Honolulu, Hawaii. This was announced today by the firm's President and COO, George Lissandrello. The company has its roots in the Philippines and was recently purchased by an American investment group. It is now U.S. owned and operated.

In making the announcement, Lissandrello noted, "Honolulu has long been the 'crossroads' of the Pacific for everything from shipping to airlines and now international information technology. Nearly 20 of Infoserve Asia/Pacific banking experience has been brought to our Honolulu headquarters with a mission to provide worldwide service to the banking industry." He added that Hawaii's geography easily accommodates a multi-timezone swing from Europe to Asia and all points in between. "Hawaii is becoming a home for international information technology and we are delighted to join other tech companies who are part of this growing Hawaii industry."

Infoserve was developed in the Philippines as a design and manufacture supplier of integrated software products for hospitals, hotels and manufacturing. In the early 1980s, the company began serving banking and financial companies and in time gave that industry its full focus as its other software services became subsidiaries and strategic partners.

Infoserve's Manila offices now serve 70 major Philippine banking entities with over 700 branches. In addition, Infoserve expanded into Indonesia where some 60 bank branches utilize various forms of its advanced technology software for the financial community.

After the Indonesian expansion established the technology and know-how for working with foreign partners and clients, Infoserve was purchased by the American investment group and the company renamed Infoserve International, Inc., to reflect its scope while opening offices in Honolulu.

In its first effort, Infoserve International has completed a consulting agreement in Bangladesh, to be followed with major software applications. The company has also commenced activity in Brazil, Malaysia, Singapore, Kuwait and Mainland U.S. markets as well. Lissandrello added that partnerships and alliances with leading computer companies such as Microsoft, IBM, Compaq, and NCR provide a full range of everything needed to serve customers with optimum product design and reliability.

Infoserve International's lead product is Megabanker, the first large-scale web-enabled integrated banking system designed for large financial applications. It provides a suite of integrated banking software products available as a total package or with individual features. There are nine different packages to service on-line deposits, corporate and consumer loans, branch tellering, general ledger systems, ATM management, telebanking, internet banking, treasury systems and trust operations.

Infoserve International also markets their Bancserve system and the capability of their sister company, Nationlink Network Corporation. Bancserve is designed for medium and smaller financial institution applications and Nationlink is a full-service provider of e-business solutions with a focus on the financial industry.

In addition to George Lissandrello, Infoserve International's Hawaii office includes Carlos E. Pacca de Almeida, executive vice-president for International Marketing. De Almeida, originally from Brazil, is a former IBM executive who led that company in international markets, specializing in Asia and the Latin American countries.

Lissandrello noted, "We plan to grow this office with another 10 people by the end of the year. Late this year we will also open a Los Angeles office, with a European facility to open in 2002."

Infoserve International's offices are in the First Interstate Building on South King Street in Honolulu.