Odyssey and Upstream Technologies Announce Strategic Alliance

New York, 27 June 2005 - Odyssey Asset Management Systems Inc., a leader in wealth management & private banking solutions and Upstream Technologies LLC, a leading provider of investment management technology and solutions to institutional asset managers, managed accounts and mutual fund managers, have announced a strategic technology and joint marketing alliance.

Through the provisions of this partnership Odyssey will integrate Upstream’s tax optimization and pre-trade compliance technology with the Odyssey Triple’A portfolio management system. In addition, both companies will refer opportunities and jointly market to each other’s prospects and clients in North America.

"Our alliance with Upstream allows Odyssey to better serve our clients by extending the functionality and value of our solutions to include the most advanced optimization technology available," said Antoine Duchateau, CEO of Odyssey Asset Management Systems. "We are very committed to providing our clients with superior service and state of the art technology to help them gain greater efficiencies and a competitive advantage. This alliance with Upstream enables us to continue to deliver on that commitment," added Mr. Duchateau.

"We are thrilled to partner with an industry leader like Odyssey in the expanding wealth and asset management marketplace," said Mark Hoffman, CEO of Upstream. "We have been very impressed with the thought leadership of the Odyssey management team and their ongoing commitment to deliver superior solutions to their customers. We are honored that Odyssey would select Upstream as their partner in this very strategic market."

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