Rockall Technologies Enters into Strategic Client Relationship with Wachovia Corporation

Rockall Provides Exclusive Securities Collateral Tracking Software

Charlotte, NC. – (October 2004) – Rockall Technologies announced today that Wachovia Corporation has selected Rockall to provide a securities collateral tracking system for both their consumer and wholesale loan portfolios. This system will provide an automated, proactive approach to managing processes, controls and reporting associated with the management and valuation of securities held as collateral.

Greg Jardine, Senior Vice President at Wachovia states, "Having evaluated both the international and domestic markets, we chose Rockall due to the strength and flexibility of their product. Rockall also is well-equipped to provide considerable consultancy expertise to the project."

Luke Nestor, CEO of Rockall, states, "It gives us great pleasure to be chosen as Wachovia’s partner for this project. This reinforces Rockall’s position as one of the world’s leading providers of collateral management systems."

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