David Lloyd Leisure Selects Trintech's ReconNET for Bank Reconciliation

7 April 2008

Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance, today announced that David Lloyd Leisure has selected Trintech's ReconNET product to automate the verification and reconciliation of its cash and credit cards. ReconNET will enable the company to increase reporting and financial controls and improve daily productivity.

David Lloyd Leisure Clubs are part of the David Lloyd Leisure Group, Europe's largest health and fitness operator, with 79 clubs in the UK and a further 10 sites across Europe. Facilities include indoor and outdoor tennis courts, swimming pools, state of the art gym equipment, health & beauty spas, club lounges, creches, nurseries, and specialist sports shops.

"We were familiar with ReconNET's capabilities from a prior business relationship," said Jason Smith, Head of Finance, David Lloyd Leisure. "We knew we wanted the same scaleable solution with us here. ReconNET will streamline daily reconciliations, reduce costs, and help us gain greater reporting and financial controls."

The installation of ReconNET will improve processes for the reconciliation of bank deposits, and enable reconciliation to occur daily instead of monthly. Additionally, the ReconNET system will deliver real-time management reporting and risk analysis to business managers to enhance their key decision-making processes.

"David Lloyd Leisure joins an ever expanding number of leading organizations that have selected ReconNET to enhance financial accounting efficiencies and controls," said Tony Bethell, VP EMEA, Trintech. "We're pleased to bring real business benefits to organizations like David Lloyd Leisure quickly and cost-effectively."

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