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AML-Reporter, DNFS, REG-Reporter and DOC-Tracker to Integrate with BML Istisharat’s Integrated Computerized Banking System

BEIRUT, LEBANON, April 13, 2005 – IDOM Middle East, LLC (www.idom-me.com), a leading provider of regulatory compliance expertise and related business automation solutions, is very pleased to announce that they have formed a business alliance with BML Istisharat, headquartered in Beirut, Lebanon.

Under this relationship, BML Istisharat will integrate IDOM’s software solutions with its Integrated Computerized Banking System (ICBS). ICBS is an integrated, interactive software system designed to handle, manage and control commercial banking operations, both retail and wholesale. ICBS will specifically integrate with IDOM’s AML-Reporter, Designated Name Filtering System (DNFS), REG-Reporter and DOC-Tracker products.

Fakhruddin Khalil, Chairman of IDOM Middle East, said, “Automated turn-key solutions are becoming an essential tool for financial institutions of all sizes. Now, with the formation of this alliance, there is no reason why small- and medium-sized financial institutions should be excluded from the most highly developed technology available purely due to acquisition costs. This alliance allows the companies to bundle their product offerings to offer turn-key solutions to the financial community at a significantly reduced total cost of ownership.”

The AML-Reporter software is extremely efficient in the detection of suspicious activities to help prevent money laundering in financial institutions. The DNFS software is used to filter black listed names. These software solutions maintain internal audit trails and are used to assist banks in implementing the recommendations of international anti-money laundering publications from FATF (Financial Action Task Force) and the Basel Committee, as well as being instrumental in meeting specific monitoring requirements for compliance with local Central Banks' anti-money laundering regulations.

REG-Reporter automates compliance with reporting requirements to regulatory authorities, management and head offices, and helps ensure the accuracy and integrity of financial reports while increasing the efficiency of reporting. It combines data from all of the bank’s systems into a central data repository, where key information is translated into standardized data. The resulting data is then compiled into required report formats recognized by regulatory agencies and Central Banks.

DOC-Tracker is a modular, client-server, web-enabled application that addresses the documentation management, compliance and imaging needs of today's businesses and helps to mitigate associated risks. DOC-Tracker provides the facility to record documentation requirements and track the receipt of all types of Customer Specific, Commercial Lending, Trade Finance and other transactional documents produced internally, or those provided to the organization by a third party to support the businesses engaged. DOC-Tracker's document imaging capability provides instant access to multiple users of documents, facilitates their review, as well as, the recording of discrepancies noted.

Joe Faddoul, Chairman of BML Istisharat, comments, “We pride ourselves on our superior core banking products and look forward to now being able to present our customers with the finest in automated compliance solutions. Providing the best solutions to respond to critical business needs is always at the forefront of our business model.”

About IDOM Middle East, LLC and ABS

IDOM Middle East’s complete array of regulatory expertise and automation offerings provides the perfect solution to further assist financial institutions in their effort to comply with regulatory requirements. IDOM Middle East’s senior management consists of Mr. Fakhruddin Khalil, Chairman, and Managing Directors, Mr. Stephen Codignotto, Mr. Haytham Khalil and Mr. Vincent Raniere. Amerab Business Solutions, sal (ABS), is the local support office of IDOM Middle East, LLC. ABS is strategically located at Liberty Tower in Hamra, Beirut, Lebanon and is within easy reach of the capital's prestigious banking community. For more information on IDOM Middle East’s and ABS’ products and services please contact the sales department at info@amerabsolutions.com, +961 1 744797 or visit the web site at www.idom-me.com.

About BML Istisharat

Since 1972, BML Istisharat has been a recognized provider of Banking Insurance and ERP software products with more than 60% of revenues derived from exports to the U.S., Western Europe and the Middle East. International acceptance characterizes BML Istisharat products. More than 300 clients worldwide, including Fortune 500 companies, are achieving their business goals, using BML Istisharat proven solutions. For more information on our products and services, please contact the services support team by dialing +961 1 983208, via e-mail at ist@istisharat.com, or visit the website at www.istisharat.com.
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