GenFed Federal Credit Union Selects ULTRADATA as Their Technology Partner.

PLEASANTON, Calif.--(BUSINESS WIRE)--Sept. 30, 1998--ULTRADATA Corp. (Nasdaq:ULTD) has been selected by GenFed Federal Credit Union in Akron, Ohio, as their data processing technology partner to take them into the next millennium.

With $96 million in assets and over 26,000 members, GenFed has been serving members in three states.

"ULTRADATA's balance of world-class information management tools, Year 2000 preparedness and strong customer support capabilities was the winning combination," stated Joyce Jones, executive vice president and general manager of GenFed. "We are excited about our growth opportunities as we move into the future with ULTRADATA."

"We welcome GenFed into the ULTRADATA family and look forward to a long-term partnership together," stated Robert J. Majteles, president and CEO of ULTRADATA. "It is gratifying to see our great relationships with our customers, our Y2K ready products and outstanding customer services generate new customers."

Along with the advanced information management engine, ULTRAFIS(R), GenFed has purchased ULTRADATA's entire suite of Financial Services Platform (FSP) information management modules including FSP - Front Office(tm), FSP - Collections(tm) and FSP - ALPS(tm)(Automated Loan Processing System) along with the Ultra-Access(R) remote banking products (browser-based banking and Ultra-Voice(tm) telephone banking) and the new OnBase(R) Electronic Document Management System.

ULTRADATA provides information management solutions for relationship-oriented financial institutions. The company has in excess of 425 customers. The company develops, markets and supports the ULTRAFIS advanced information management engine, the Financial Services Platform suite of information management modules and the Ultra-Access suite of remote banking products.