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Surecomp relocates Latin American development center

July 7, 2005 – Surecomp, a leading provider of trade finance, factoring and reconciliation solutions for the wholesale banking industry announced today the relocation of its Chilean-based Latin American development and support center.

The move, made in order to provide an expanded working environment for staff, comes just eight months after the establishment of Surecomp’s Latin American operation in Santiago, Chile.

"In the short period that the Latin American development and support center has been operating we have experienced tremendous growth and as a result have outgrown our existing office premises," said Vladimir Ramirez, Surecomp’s Vice President Business Development.

"The Latin American development and support center is an integral part of Surecomp’s ongoing initiative to provide regional customers with localized support and thereby ensuring their continued success and profitability. Because of this commitment we have chosen a solid but flexible long term growth strategy for the region. We look forward to the continued expansion of our Latin American operations" concluded Vladimir Ramirez