Regulatory Requirements Push FINCAD Revenues up 45%

VANCOUVER, BC, CANADA February 23, 2006 – Organizations’ growing need to meet regulatory requirements related to derivatives use helped push FINCAD revenues up by 45% in 2005, while profits increased 59%.

Greater shareholder scrutiny of companies and hedge funds is forcing more transparency in terms of derivative valuations. Sarbanes Oxley, FAS 133, and IAS 39 helped FINCAD gain 139 new enterprise clients in 2005 bringing the firm’s number of customer organizations to more than 2,600 worldwide. Nancy Petersen, CFO at FINCAD, said “Clients have confidence in FINCAD Analytics, which provide an important part of the puzzle in complying with derivatives regulations. By using FINCAD software and online services organizations that didn’t have the tools to value and assess the effective use of fixed income instruments and derivatives can now do so.”

Robert Park, President and CEO at FINCAD, stated, “This is the third consecutive year that FINCAD revenue growth has exceeded 25%. Our clients and alliance partners have recognized that using our products ensures that they get the numbers right and has made our firm’s analytics a global industry standard. We look forward to continued profitable growth in 2006 as we bring out more advanced models for the valuation and risk assessment of all asset classes, including interest rate, fixed income, equity, credit and foreign exchange derivatives.”

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