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Swallow Technology LTD, Partners With Norman Technologies as the First North American Distributor of SMART Product Suite

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Friday, January 14,2005

(London. —January 14, 2005)—Swallow Technology LTD, a leading international provider of matching and exception processing solutions, announces that they have signed a local distributor agreement with Norman Technologies, a provider of global trade settlement IT consulting services. This North American distributorship license enables Norman Technologies to sell, implement and support the SMART product suite.

"Partnering with Swallow Technology will help both parties introduce and implement a robust set of matching and compliance software solutions to the North American banking community" said Rob Grzeszczak, President of Norman Technologies.

Norman Technologies has experience in the functional and technical areas of global payment systems and trade finance and provides a number of services including system implementation and project management. Swallow Technology will leverage Norman Technologies’ expertise to implement its SMART Product suite.

Tony Waszkiewicz, CEO, Swallow Technology, commented, "This partnership introduces SMART to North America, and together with the services offered by Norman Technologies, we can provide the best solutions to the American marketplace".

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