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QuIC to offer Financial Services Industry Real-time Calculations and Risk Solutions with HP

New York, NY - June 20, 2006 – QuIC Financial Technologies Inc. one of the leading innovators in enterprise and trading risk management solutions, today announced that the QuIC Platform suite has been certified for the HP ProLiant server and HP BladeSystem architecture.

QuIC continues to set new standards for performance in enterprise and trading risk management solutions. The QuIC Platform™, powered by the QuIC Engine™, performs calculation & simulation tasks in seconds which before were done in hours.

Justin Forrest, VP Business Development, QuIC states “QuIC offers users the ability to dynamically extend and customize system functionality to handle the most complex portfolio simulation, instrument pricing and modeling. The overwhelming speed and flexibility of the QuIC Platform™ associated with HP hardware delivers an unparalleled combination of speed, flexibility and scalability; empowering users to solve complex and computationally intensive analysis in virtually any area of risk management and financial analytics”

The QuIC Platform™, and associated tools, run on multiple operating systems and are designed to scale up/down to run on a range of configurations from a single laptop to large distributed systems: multi-CPU, grid, and blade clusters for:

▪ Credit and market risk solutions for portfolio simulation and instrument pricing
▪ Solutions for complex derivatives and simulation (e.g.: multi-factor interest rate and credit derivatives)
▪ Solutions designed to be deployable in single, multiple or grid server applications providing a unified and extensible calculation fabric

“HP is looking forward to a growing relationship and strong integration with QuIC to provide our customers in the global financial markets with the most efficient industry standard software and hardware,” said Anne Ambrose, worldwide director, Trading and Investment Solutions. Financial Services Industry, HP.