NEW BUSINESS WIN FROM CALYPSO: M. Safra & Co., Inc To Use Calypso

San Francisco, 12 August 2004 - Calypso Technology announced today that
it has been selected by M. Safra & Co., Inc., a New York based money
management company, as its trading system. Calypso will enable the firm
to integrate trading of all their instruments on a single platform.

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