FinArch and BG&S sign distribution agreement BG&S Distributes Financial Studio in Spain, Portugal and Latin America

Madrid, Brussels - September 5, 2002

FinArch products easily integrate within banks' IT systems and complete the
reporting process within financial organisations.
BG&S reinforces its traditional offering of Microsoft based solutions for
financial organisations.

Technological consultant BG&S, specialised in the design and implementation
of Business Intelligence solutions, has recently signed an agreement with
Financial Architects (FinArch), a European company dedicated to the
development of financial reporting software for financial organizations,
headquartered in Belgium and with offices in Spain, UK, USA, Luxembourg and

FinArch's product Financial Studio is a comprehensive financial reporting
software that smoothly integrates with internal banking systems. It
addresses banks' internal and external reporting needs for legal reporting
as well as for internal group reporting, including financial accounting,
budgeting and control, profitability, solvency and risk calculation,
compliant with reporting requirements such as IAS (International Accounting
Standards) and the Basel II Accord.

With FinArch's products, BG&S adds a new line of business to its traditional
technical consulting services, resulting in a complete solution adapted to
financial organisations' requirements. BG&S reinforces thus their
traditional offering of solutions for financial organisations, based on
Microsoft technology. FinArch at their end extend their presence in Spain,
Portugal and Latin America.

Based on an open architecture, the products of FinArch use the
functionalities of MS SQL Server, allowing for an easy integration with any
existing technological platform in the organisation.

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