Prologic Congratulates VirtualBank for Being Awarded Best Online Bank; VirtualBank is rated "best Online bank" by Money Magazine

Business Wire, Nov 30, 2000

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 30, 2000

Prologic Corporation, the leading global provider of web-enabled financial services software, congratulates VirtualBank for being honored as the "best Online bank" by Money Magazine, in the October 2000 issue.

The North Palm Beach, Florida headquartered Internet-only bank was launched in April 2000, and has achieved an enviable record of success in acquiring customers online. VirtualBank runs the majority of its banking operations and transaction processing using Prologic's i-Wealthview Banking(TM) enterprise wealth management software.

Prologic Corporation implemented the i-Wealthview Banking(TM) system for VirtualBank in about four months, an extremely fast timeframe by industry standards. In the seven months since VirtualBank went online, they have built a substantial customer base.

i-Wealthview(TM)'s customer relationship management allows VirtualBank to be customer service experts on their client's finances. In turn, they can convert that information into profitable businesses. Rory Brown, Chairman and Chief Executive Officer of VirtualBank said, "i-Wealthview(TM)'s customer-centric approach and advanced Customer Value Management(TM) (CVM(TM)) capabilities enable us to adapt private banking-style services to our entire customer base."

"This is wonderful news for Prologic Corporation and VirtualBank," said Mike Cardiff, President and Chief Executive Officer of Prologic Corporation. "When our clients receive recognition, we feel that we played an important role in helping them obtain their goals. This news demonstrates the superiority of our software in realizing the benefits of customer acquisition and profitability."

Prologic Corporation is the leading developer of software solutions for the global financial services industry. Prologic's customers include 7 of the top 25 largest banks in the world, with over 25 Internet banks using Prologic solutions. Prologic technology enables financial institutions to quickly deploy solutions for their converging financial services offerings, while also supporting capabilities for increasing profitability, customer acquisition and retention. Prologic's i-Wealthview(TM) enterprise wealth management solution features e-banking, e-brokerage and e-insurance. Through strategic alliances with Microsoft, Compaq Computer Corporation, and other international partners, Prologic's banking solutions are in use in over 350 financial institutions globally. Visit Prologic's home page at www.PrologicCorp.com, or call (604) 278-6470.

Prologic, i-Wealthview, My-Wealthview, i-Wealthview Banking, i-Wealthview Wireless, i-Wealthview Personal Portal and Customer Value Management (CVM) are trademarks of Prologic Corporation.