New York, NY, December 10, 1996 – A powerful portfolio management tool known as Triple-A ADVANTAGE will now incorporate the state-of-the-art financial analytics of Tech Hackers Inc., TechHackers President Atul Jain announced today. An agreement between the New York financial software firm and UNICIBLE, a European bank-owned software company, means options traders now have access to an enhanced version of a very powerful portfolio management product, according to Mr. Jain.

Triple-A ADVANTAGE, widely used in European banks, allows options traders to set up model portfolios, and accurately measure performance and value. TechHackers’ products provide the calculations for the risk analysis portion of the tool. It’s options C-libraries, which are now embedded in the portfolio management tool, allow traders to determine intrinsic values and implied volatilities.

"Our selection of the time-honored proven financial analytics expertise of TechHackers for incorporation into Triple-A ADVANTAGE means users can quickly and accurately measure performance and value, faster than their competitors," said Serge Andrieux. "The flexible user interface of this tool provides them with the means to easily and effectively handle all aspects of portfolio management, including risk management, productivity, customer management, regulatory compliance and even the back-office portions," Mr. Andrieux added.

‘Asset managers are excited that this sophisticated portfolio management tool is now available,’ said TechHackers president Mr. Jain. "European banks have already had a strong record of success using Triple-A ADVANTAGE, and the inclusion of TechHacker’ analytic expertise puts this tool at the forefront of financial management."

The product has been available to commercial and private banks throughout Europe through Odyssey Asset management Systems (OAMS), a joint venture between and Odyssey and UNICIBLE. Current clients include Bank Paribas of Paris, one of Europe’s largest banks, and Bank Julius Baer of Zurich, one of the largest private banking groups in the world, according to Mr. Didier Vankeerberghen, a managing director at OAMS.

Odyssey, the Luxembourg-based financial systems group, specializes in the provision of financial solutions for the Asset Management financial sector. Founded in February of 1995, the odyssey group has established a strategic presence in asset management with offices in Luxembourg, Brussels and Geneva. It has built a strong team of business, project management and technical consultants, against an established customer base. The group is also expanding into other areas of asset management including financial solutions on the Internet.

UNICIBLE, founded by the combined resources of three major Swiss cantonale banks (Banque Cantonale Vaudoise, de Geneve and du Valais), has rapidly risen to become one of Switzerland’s leading information technology groups. UNICIBLE employs over 360 people and specializes in systems development. It combines its extensive banking experience, strong financial backing with a commitment to research and development. It currently operates a team based in Lausanne for the development of Triple-A ADVANTAGE.

Based in New York, TechHackers is a software engineering and systems architecture firm that builds customized securities trading and portfolio management systems for the world’s leading financial services firms. TechHackers has served as systems designer and consultants to such industry leaders as Citicorp Investment Bank, Union Bank of Switzerland, Nomura Securities, and Greenwich Capital Markets. The company also develops and markets the @nalyst line of spreadsheet function add-ins and C libraries. @nalyst libraries are currently used by more than 60,000 professionals worldwide.