TOWER Technology Expands into Asia; Signs Strategic Reseller Partnerships for WebCapture in Singapore and Hong Kong.

Business/Technology Editors

BOSTON, Mass.--(BUSINESS WIRE)--April 22, 2002

TOWER Technology, a leading provider of infrastructure software for high-volume document and content processing, today announced that it has signed technology partnerships with Vanda Systems of Singapore and Computer And Technologies Solutions Limited (C&T Solutions) of Hong Kong. The agreements allow both organizations to sell and implement WebCapture(TM), TOWER Technology's ground breaking Web recording software.

WebCapture provides leading edge technology that creates a secure, unalterable record of online transactions, reduces the risk of e-Business and improves the level of trust between customers and the company or government agency with which they are dealing.

According to Noel Jones, Australian managing director for TOWER Technology, the partnerships will give Vanda Systems and C&T Solutions' customers access to a product that can add increased integrity and value to their e-Business offerings.

"Organizations in Asia will now be able to address the lack of certainty surrounding online transactions by providing an e-Receipt of the actual transaction in its entirety, something which has hampered customer enthusiasm for completing online business transactions," said Jones.

A distributor of hardware and software systems in the areas of e-Business, business intelligence and enterprise resource planning, Vanda Systems provides customized and flexible technology solutions. The addition of WebCapture to the company's product offerings means Vanda Systems' customers can now choose a product that increases customer confidence in online transactions.

"IDC predicts Asia's B2B sector will grow to more than $516 billion by 2005, as such, there is and will continue to be, a need for a product such as WebCapture. For many organizations in Asia, a product that is able to address future questions of accountability, legality and regulatory compliance quickly and decisively is a major break through," said William Chu, general manager of Vanda Systems.

"With a proven track record in implementing projects like the Electronic Tendering System and Electronic Service Delivery scheme for the Hong Kong SAR Government, C&T Solutions is confident that out high quality support and services will strengthen TOWER's market position throughout Asia and Greater China," said Andrew So, CEO of C&T Solutions. "With this joint-effort, our customers will benefit from the value-added features of state-of-the-art Web recording solutions tailored and integrated into their unique business processes."

A leading regional IT services provider operating in Asia and the Greater China region, C&T Solutions offers high quality and competitive enterprise IT solutions services and application development services to Asian based organizations including Hong Kong SAR Government, DBS, Citibank and the Ministry of Education of Singapore.

"Moving into Asia, it was essential we had like minded partners," stated Jones. "Our partners work in a similar way to TOWER Technology in that they provide high quality support and services, something TOWER prides itself on. C&T Solutions and Vanda Systems' knowledge of their respective markets and experience in providing software solutions to government organizations were key factors in cementing the partnerships," Jones concluded.

WebCapture

WebCapture is the first system that captures, indexes, stores and replays all the Web pages that represent an electronic record. By capturing the entire Web session, WebCapture creates a secure, unalterable visual audit trail for any online transaction. All rich content is preserved in the context in which the viewer originally saw it. Nothing is lost or modified. These date and time-stamped transactions can later be replayed for audits, legal compliance, dispute avoidance and customer service.

About C&T Solutions

Computer And Technologies Solutions Limited ("C&T Solutions") is a subsidiary of Computer And Technologies Holdings Limited (SEHK 0046), which is a listed company in the Stock Exchange of Hong Kong. C&T Solutions is a leading IT services provider in the region offering high quality and competitive IT solutions services and application development services.

C&T Solutions' successes include a number of world-firsts, such as the award-winning Electronic Tendering System ("ETS") and the internationally recognized e-Government service Electronic Services Delivery scheme ("ESD") project for HKSAR Government in addition to many large enterprise IT solutions implementation for the private sector in the region.

C&T Solutions focuses on building strong relationships with enterprise level customers. The company's prestigious customer base includes esteemed names such as Hong Kong SAR Government, Modern Terminals Limited, DBS, Singapore Reinsurance, Citibank, and Ministry of Education etc.

For more information, please visit their website at www.ctil.com/solutions.

About Vanda Systems

Vanda Systems (Singapore) Pte Ltd is a subsidiary of the Hong Kong based Vanda group of companies, and is the holding company for the Group's operations in ASEAN. Founded in 1982, Vanda Systems & Communications Holdings Limited ("Vanda", http://www.vandagroup.com, HKSE stock code: 757) is a leading information technology solutions provider in China and Southeast Asia markets, as well as one of Hong Kong's pioneering companies to enter into the computer market in Mainland China. Based in Hong Kong, Vanda claims a strong presence in Mainland China, Hong Kong, Macau and Southeast Asia countries such as Singapore, Malaysia and the Philippines. Its China operations are supported by 20 offices located in major Chinese cities, while software development centres have been set up in Beijing, Shenzhen, Changchun, Dalian and Hong Kong. In Southeast Asia, it has built up a reseller network of more than 300 companies.

Additional information on the Vanda Group is available on the internet at www.vandagroup.com (HQ), with links to www.vandasys.com.sg (Singapore), www.azuretech.com.sg (Singapore), www.vandasys.com.my (Malaysia), www.azuretech.com.my (Malaysia) and www.azuretech.com.ph (Philippines) or contact us by phone at (65) 6391 3060.

About TOWER Technology

TOWER Technology is the leading provider of infrastructure software for high-volume document and content processing. TOWER specializes in the development and deployment of applications to capture, store, retrieve, process and archive business-critical information. TOWER solutions enable businesses to efficiently deploy and integrate high-volume back office processes with legacy data and Web applications in an environment that can be easily configured for full disaster recovery and business continuity. The result is increased revenue and profitability, improved transaction times, enhanced customer satisfaction and reduced operational expenses. TOWER has a proven track record of delivering business-critical solutions on time and on budget to global Fortune 1000 customers, including industry giants in Financial Services and Insurance. TOWER maintains sales and support offices in North America, Europe and Australia. For more information, contact TOWER Technology at 617-236-5500, e-Mail: [e-mail] or visit their Web sites at www.towertech.com and www.webcapture.biz

TOWER Technology, TOWER IDM, TOWER eProcess Objects and WebCapture are trademarks of TOWER Technology, Inc. All other brand names and product names referenced in this press release are trademarks of their respective holders.