Axiom SL Chooses Powerllel to Enhance Parallel Processing

New York, Thursday, August 7, 2003 - Axiom Software Laboratories Inc, a global leader in risk management and enterprise data technologies, announced today that it has completed performance testing of Powerllel Software and has chosen Powerllel Software for integrating with its RiskMonitor application to run in a distributed and parallel computing environment. Through this integration, Axiom SL's customers, including major financial institutions, asset managers and energy companies, will be able to benefit from Powerllel technology to obtain the order of magnitude performance benefits provided through parallel and distributed computing.

"The performance of risk management applications is key for providing trading units and senior management with the necessary information they need to understand their risk exposure and make effective decisions," says Alex Tsigutkin, CEO of Axiom SL. "Powerllel provides Axiom SL a flexible and robust technology that has made it easy to implement parallel computing into our products," says Tsigutkin. Powerllel’s software allows for dramatic speed of computation that we are quickly passing along to our customers.

"Powerllel is excited about working with Axiom SL as they have been offering innovative technology for enterprise-wide risk management solutions to financial institutions for over a decade," said Eliot Listman, CEO of Powerllel. Through the integration of Powerllel Software with Axiom SL s risk management systems we deliver a resource-effective solution that meets the increasing performance and business demands of financial services organizations.

About Axiom Software Laboratories, Inc.

In business since 1989, Axiom Software Laboratories (Axiom SL) is a leader in developing software solutions for true enterprise-wide risk, data management, regulatory reporting, compliance monitoring. Axiom SL's proven technological advancement continues to solve the rigorous challenges of its diverse clientele in adapting different data environments allowing mission-critical activities to be performed across an entire enterprise.

Axiom SL's experienced staff is comprised of skilled professionals, experts in a range of key disciplines, including risk management, database and middleware technology, financial applications, Internet technology and financial engineering. The company serves major global financial institutions, large corporations, asset managers and energy companies.