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LogicEase Solutions Inc. Announces Appointment of Bill Ridder as Executive Vice President

San Francisco, Calif. - August 12, 2002 - LogicEase Solutions, Inc. (LogicEase), a leader in intelligent business solutions, announces the appointment of Mr. Willem (Bill) Ridder as the company's Executive Vice President. Mr. Ridder has more than 50 years of executive management experience in the financial services industry. Mr. Ridder will spearhead the ComplianceEase business unit, focusing on sales and marketing. Ridder's appointment was announced today by John Vong, Chairman and CEO, of LogicEase.

Based at LogicEase's headquarters in San Francisco, California, Ridder will be responsible for expanding ComplianceEase's Internet-based product offerings and services to the real estate finance sector. States Ridder, "By integrating artificial intelligence into the mortgage compliance solution, ComplianceEase can instantly detect and identify instances of non-compliance and predatory lending activity for lenders and ensure that predatory loans are not taken onto their books."

According to Vong, "We are very excited by our beta clients' initial reaction to ComplianceEase, which will go live next month. The biggest challenges the mortgage industry faces is in the area of predatory lending. The rapid growth of the anti-predatory lending legislatures, currently over 100 and growing, makes it impossible to manage the audit process manually. ComplianceEase adds value by automating the compliance audit process and will thereby improve the productivity of the mortgage professionals. We believe that ComplianceEase can be a key time saver for the compliance officer to perform transaction level audits with precision results. We are very pleased to have someone with Ridder's background and experience on board to help us launch ComplianceEase."

In 1985, at the age of 55, Mr. Ridder founded First Collateral Services, Inc. (First Collateral), a mortgage warehouse lending operation providing short term financing to mortgage bankers and brokers. First Collateral is a highly successful and profitable operation. During his tenure, Ridder's strong leadership was instrumental in First Collateral's survival under different ownerships and business environments. Prior to founding First Collateral, Mr. Ridder developed his management skills as an officer at Bank of America, N.A. from 1954 to 1984. He has held numerous senior positions at this money center bank. He served as a senior officer in International Bank Operations in the Europe, Middle East, and Africa Division for more than 10 years. Subsequently he held the position of Head of Operations & Control of the World Banking Division, headquartered in San Francisco. In this position, he had administrative responsibility for the operations in North America, Latin America, Asia and the Europe, Middle East and Africa Divisions. Ridder received his Pre-Standard, Standard and Graduate degrees from the American Institute of Banking in Los Angeles, California and a Graduate degree from School of Mortgage Banking, Northwestern University, Evanston, Illinois.

About LogicEase
LogicEase's division ComplianceEase is a leading provider of intelligent business solutions to the financial services industry since 2000. ComplianceEase's flagship product - PredatorAnalyzerTM is the industry's first automated compliance solution utilizing intelligent reasoning and decisioning technologies to integrate business solutions in mortgage compliance processes. ComplianceEase powers beginning-to-end solutions in a fraction of the time and cost as compared with the traditional manual approaches. ComplianceEase's additional products and services include ComplianceAuditorTM and a variety of professional, consulting, and support services. For more information, visit www.ComplianceEase.com.

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