EDS and SlaterLabs Building Global Partnership

Partnership to cover marketing, sales and professional support services for the SlaterLabs family of Etude based offerings: Etude™, the Etude Programme™ and Etude-Virtuoso™

LONDON, 12 July 2007 - SlaterLabs Inc. and EDS, the leading global technology services company, today announced they are building a global partnership for joint marketing, sales and professional support services for The Etude Programme™ and SlaterLabs innovative, fully Internet delivered Etude-Virtuoso™ Banking System. Etude-Virtuoso™ allows customers to evaluate on-line, purchase, implement and upgrade Etude™ entirely over the internet – a major breakthrough in the sale and delivery of mission critical banking systems.

Under the partnership, EDS will be offering Etude™, the first banking system built on Microsoft’s .NET Framework, to its global customer base of financial institutions. Etude™ affords its community of users increased levels of operational excellence through faster time-to-market of banking products and services, value-added customer intelligence capabilities, industry-leading economies of scale, and the reliability and scalability of Microsoft’s .NET Framework. Through its innovative sales and software delivery model, together with the company’s network of tier one technology and professional services partners, SlaterLabs has positioned itself as the first banking software manufacturer capable of simultaneously reaching its global target market by fully leveraging the strengths of the Internet.

“There is strong demand for a next-generation banking system amongst our global financial services client base. We see tremendous potential in the development and deployment of a banking system delivered through sophisticated new channels, and based on Microsoft’s .NET Framework," says Jim Scurlock, Vice President, Global Financial Services Industry, EDS. “This partnership will allow our financial services customers immediate and continuous access to the latest advancements in banking application software. We are very excited at the opportunity to fulfil the large market demand with the Etude Programme™ and Etude-Virtuoso™.”

“Etude-Virtuoso™ is a market-changing breakthrough. By adding the recognition and support from EDS, our Company is further positioned to more efficiently deliver our software products to an even broader customer base worldwide,” says John Slater, Chairman and CEO, SlaterLabs. “We’ve been able to announce a number of significant milestones recently including Bank J.Van Breda joining the Programme, and we are looking forward to working with EDS to maximize our market potential.”