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ETH'S SWISS INSTITUTE FOR BUSINESS CYCLE RESEARCH (KOF) CREATES INTERNET PORTAL FOR ECONOMIC DATA WITH ECOFIN SOFTWARE

Zurich, May 30th, 2005 - ETH Zurich's Swiss Institute for Business Cycle Research (KOF) has selected ECOFIN's Financial Data Management System to create its data portal for economic indicators. After a short rollout period, ECOFIN's Financial Data Management System is already working productively for the KOF. This means the KOF's business cycle data can be called up online on a user-friendly platform for the first time.

Dr. Duri Schmidt, ECOFIN's project manager, says, "The KOF's data portal shows how institutions can use ECOFIN's Financial Data Management System to offer their data to new user groups on the Internet quickly and cost-effectively."

Economist W. Roth, head of KOFdata and information services, adds, "Opening the KOF's data portal is a further step towards our goal of keeping the public informed of economic trends in Switzerland promptly and in depth. ECOFIN's software has enabled us to complete the project on time and achieve a user-friendly solution."