SYDEL CLEARS A GLOBAL PATH FOR FI’s IN THE 21st CENTURY

Coral Gables, FL October 26, 2004

As the nation prepares to adopt Check 21 (Check Clearing for the 21st Century Act) on October 28, one South Florida company is poised to help global banks get there. Coral Gables-based Sydel Corporation has developed CheckXpert, a software application designed to effortlessly provide financial institutions the ability to view, document, e-mail or mark scanned check images. CheckXpert has been integrated into Sydel Corporation’s cutting-edge suite of software applications for financial institutions, to provide an efficient, seamless solution for banks and credit unions.

Sydel's proven suite of software solutions for financial institutions include:

• BanConcile for reconciliations with the Federal Reserve, SWIFT, internal accounts, ATM transactions and securities;
• AML Intercept for the critical task of monitoring Anti-Money Laundering transactions and compliance regulations; and
• eFlowXpert for workflow integration of business processes and investigation analysis.

“For two-years we have been working toward the goal of developing and testing a suite of cost-effective applications that allow financial institutions to improve internal processes that traditional back-office systems do not reach,” said Antonio Gonzalez, director of Sydel Corporation. “Based on feedback from our customers we feel that we have the created a suite of integrated products that will provide financial institutions with a fresh approach to their complex back office accounting systems, and allow them to easily implement Check 21 into their operations.”

About Sydel Corporation

Sydel Corporation is dedicated to developing information technology solutions for the financial services sector to enhance operations and boost revenue. Based in Coral Gables, Florida, the company provides customized applications based on the latest proven technological platforms. For more information, please visit www.sydelcorp.com or contact Carlos Perea at (305) 569-0400 or by e-mail at cperea@sydelcorp.com.