OpenLink Continues European Expansion With Berlin Office Opening

London, November 14, 2001. OpenLink (www.olf.com), an industry leader in financial and energy trading and risk management software solutions, today announced the opening of its office in Berlin, Germany.

The new office marks the latest move in OpenLink’s European expansion initiative, following successful implementations at key German institutions within the past year, in both the energy and finance sectors.

"With a number of existing client relationships in Germany and Austria, including Energieversorgung Weser Ems AG (EWE), Bayerische Landesbank, Verbund, and recent signings not yet announced, an established presence in Berlin is ideally placed to provide local services while positioning us for future growth," commented Wolfgang Ferse, the office’s managing director.

This opening is not only a tactical move to increase support for local clients, but is a strategic one that positions OpenLink for future growth within Eastern Europe.

"OpenLink has invested a great deal during the last twelve months in expanding our business in Europe," added OpenLink founder and CEO Coleman Fung. "We remain determined to continue our managed-growth approach to strengthening our leadership position within the global markets."

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