Brasfield Technology Completes Installation on First Wave of Banks

Birmingham, AL (July 30, 2002) Brasfield Technology, Inc. has just completed the first wave of installations of its iFortress and iFreeze products in customer banks located in Alabama and Georgia.

iFortress is a solution where Brasfield Technology’s risk management experts assess the bank’s information systems for potential risks, correct those risks through the implementation of various programs and procedures and monitor the information systems for future threats.

iFreeze is a program that scans banks’ new and existing accounts and flags those that are listed on the Treasuries’ list of people and nations with whom conducting transactions is prohibited.

"I am very pleased with the results from our first quarter of business," said David Brasfield, president and CEO of Brasfield Technology, Inc. "We have established a good core base of customers who recognize that the risks their institutions face in the 21st century are different from the risks they have faced in the past and who are taking proactive measures to minimize those risks."

Brasfield also mentioned that Brasfield Technology, Inc. has a number of new products in development.

Brasfield Technology develops cutting-edge technology for the financial services marketplace. Current solutions address risk management for financial institutions’ information systems. Since its inception in May, Brasfield Technology, Inc. has grown to 13 employees.

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