Swallow Technology Limited
  14 Lion Yard
Tremadoc Road
London, SW4 7NQ
United Kingdom
SWALLOW TECHNOLOGY LIMITED

PRESS RELEASE - 14th January 2005.

This North American distributorship license enables Norman Technologies to sell, implement and support the SMART product suite.
"Partnering with Swallow Technology will help both parties introduce and implement a robust set of matching and compliance software solutions to the North American banking community," said Rob Grzeszczak, President of Norman Technologies.
Norman Technologies has experience in the functional and technical areas of global payment systems and trade finance and provides a number of services including system implementation and project management. Swallow Technology will leverage Norman Technologies' expertise to implement its SMART Product suite.
Tony Waszkiewicz, CEO, Swallow Technology, commented, "This partnership introduces SMART to North America, and together with the services offered by Norman Technologies, we can provide the best solutions to the American marketplace."
For further information about this please visit Swallow Technology at stand C290 at SIBOS in Copenhagen or contact SwallowTech via www.swallowtech.com
About SwallowTech (www.swallowtech.com)
Swallow Technology Limited is a UK based supplier of SWIFT Accredited and other Financial Services Solutions. Swallow Technology has been building and supplying solutions since 1984 and has particular expertise in the Confirmation Matching, Cash and Securities Reconciliations, Exception Management, & Bespoke Cash Management systems arenas. Swallow Technology serves over 200 customers in more than 50 countries over 5 continents and is supported by several local agents.
Contacts :

Steve Noulton, Global Strategy Director
Tony Waszkiewicz, Managing Director
Telephone: +44(0)20 7350 5000
Email:
Web: www.swallowtech.com