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Banque Cantonale Vaudoise sign for IMEX upgrade

August 30, 2004 – Surecomp, a leading provider of trade finance solutions for the wholesale banking industry is pleased to announce that Banque Cantonale Vaudoise (BCV), Switzerland's 4th largest bank has signed to upgrade to IMEX Thin Client.

Banque Cantonale Vaudoise, which is based in Lausanne and is one of the top three commoditytrading banks in Switzerland, initially licensed IMEX in November 1996. In making the announcement Jean-Jose de Rus, Banque Cantonale Vaudoise First Vice President, Head of IT and organization department said, "BCV elected to upgrade to the next generation of IMEX. BCV has successfully used IMEX since 1996. IMEX Thin Client provides BCV all the benefits of the technological advances of the past few years together with enhanced functionalities."

Surecomp Vice President, Customer Services Gadi Naor remarked "As banks everywhere continuously seek better, more efficient ways to conduct their trade finance business, we are pleased that BCV has recognized the advantages of IMEX Thin Client and have elected to implement the system."

IMEX is Surecomp's SWIFT Ready Gold accredited and enabled trade finance solution. BCV will implement IMEX Thin Client on a mainframe platform.