MAJOR SWISS BANK TO DEPLOY AXIOM SL FOR REGULATORY REPORTING IN THE US

New York – November 19, 2007 – As a result of successful implementation of Axiom Software Laboratories Basel II regulatory reporting and data management solution in the UK, a major Swiss Bank has acquired Axiom SL’s ControllerView® software for all its regulatory reporting in the United States.

Axiom SL will provide the complete reporting infrastructure and process management from source data input to report generation and electronic delivery of the final reports to the authorities. ControllerView® will provide the Bank’s finance department with complete coverage and functionality for banking and securities regulatory and financial reporting requirements such as the Federal Reserve Bank, Departments of Treasury, State Banking regulators and SEC. ControllerView® will improve the accuracy, speed and transparency of the Bank’s reports while ensuring confidence among users, regulators, auditors and management.

“After successful delivery of our FSA and Bank of England solution, the Swiss Bank in the UK and Axiom SL has built a strong relationship over the past year and we are proud to be able to implement our software in their US Subsidiaries. We are looking forward to working with their US team” said Alexander Tsigutkin, CEO of Axiom SL.

About Axiom Software Laboratories, Inc.

Founded in 1991, Axiom SL is a leader in software solutions for enterprise risk management, data management, regulatory reporting and compliance. Axiom SL's proven technological platform solves the highly complex data, risk and financial management challenges faced by the world’s leading financial services clients. Axiom SL’s products help these clients deal with the dynamics of business and technology changes, adapting to different data and technical environments, allowing mission-critical activities to be performed across an entire enterprise.  Axiom SL's professionals cover a  range of disciplines, including risk management, database and middleware technology, financial control and regulatory reporting. The company serves major global financial institutions, large corporations, asset managers and energy companies.