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IMEX awarded SWIFT Ready status for 7th consecutive year

Hoboken, New Jersey – March 24, 2005 – Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the banking and financial market, today announced that its flagship trade finance banking system IMEX, has achieved SWIFT Ready Gold status for the 7th consecutive year.

SWIFT annually recognizes vendors which supply third party software solutions based on SWIFT compliance, their efficient integration with the SWIFT environment, and their contribution to improving industry STP.

SWIFT has clear and specific criteria that are linked to the Gold and Silver label for each of the market segments. These criteria are designed to reflect the capability of a product to provide automation in a SWIFT environment. An additional requirement that applies for all markets is that the labeled product needs to be used in a live environment by at least five customers.

Joel Koschitzky Surecomp’s Chairman and CEO commented, "We are naturally delighted to receive for the 7th consecutive year this elite SWIFT Ready Gold status for IMEX. We are looking forward to continuing to provide our customers with best-of-breed trade finance solutions enabling them and their customers to benefit from Surecomp’s two decades of experience."