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BP's award winning virtual treasury project supported by the Wall Street System treasury engine

New York and London, October 28, 2002 - Wall Street Systems, Inc., a leading provider of global treasury and capital markets solutions and services, today announced it is the provider of the treasury engine that recently helped BP secure the 2002 International Award of Treasury Excellence. BP was presented with the first-ever award on October 16th at the 11th Annual EuroFinance Conference on International Treasury Management, held in Amsterdam. BP, a Wall Street Systems customer since 1993, was recognized for its work in creating a global virtual treasury platform that consolidated and automated legacy processes and systems.

EuroFinance, the world's leading provider of cash and treasury events, and AFP, the world's leading finance association, have joined forces to launch this prestigious new award, given to the company, organization, or government entity that has most successfully used technology, creativity, and innovation to implement an international treasury solution that has contributed to the company's financial success.

BP uses The Wall Street System treasury engine as its enterprise-wide treasury platform to ensure standardization, simplification, and automation across the company's treasury operations. This platform makes it possible for BP to obtain significant financial returns from centralization while using browser-based technology to preserve regional best practices and close local relationships with its customers.

"BP has continually been at the leading edge of world class corporate treasuries," said Steve Middlehurst, Chief Operating Officer, Wall Street Systems. "Their work to integrate all facets of corporate treasury within a single system has created tangible and strategic value. We are pleased that BP has been recognized for its innovation, and congratulate it for receiving the 2002 EuroFinance and AFP Award of Treasury Excellence."