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LogicEase Solutions Engaged Womble Carlyle Sandridge & Rice to Perform Legal Review on its Anti-predatory Lending System

San Francisco, Calif. - August 22, 2002 - LogicEase Solution, Inc. (LogicEase), a leader in intelligent business solutions, announces the engagement of Donald C. Lampe of Womble Carlyle Sandridge & Rice, PLLC to perform legal review on the automated compliance system for mortgage lending that is being launched by ComplianceEaseTM, a division of LogicEase. The engagement was announced today by Anita Kwan, President and COO, of LogicEase.

"Mr. Lampe is one of a few specialist attorneys nationwide in the area of anti-predatory lending, and we are most delighted to be able to engage his services. He is a member of Womble Carlyle's Banking, Consumer and Regulatory Compliance Team. Mr. Lampe is recognized as one of the nation's leading authorities on high-cost mortgage lending and predatory lending with his involvement in with various trade associations and is a frequent speaker giving lectures to the industry and regulators as well as having a number of publications on the subject matters. He is a member of the Consumer Financial Services Committee and the Predatory Lending Task Force." Ms. Kwan noted.

ComplianceEase, is launching its newest application - the PredatorAnalyzerTM (PATM), a powerful analytical compliance system designed specifically for financial institutions. PATM empowers institutions to perform effective transaction-level audits on their mortgage loan production to verify compliance with anti-predatory lending laws and to combat predatory lending practices.

PATM, a robust Internet-based application, substantially reduces the time, cost, and subjectivity associated with regulatory compliance audits processed manually. The advance knowledgebase and quantitative rule-based decisioning capabilities of PATM enable sophisticated compliance auditing against applicable federal, state, and local laws and regulations, as well as institution-specific compliance policies. The automated compliance system instantaneously displays incidents of non-compliance in an easy to read summary format as well as a detailed narrative findings report. ComplianceEase sets the standard for automated, loan transaction-level compliance auditing.

About Womble Carlyle Sandridge & Rice, PLLC
Womble Carlyle is a business law firm that ranks among the 100 leading firms in the country, with more than 440 lawyers in nine offices throughout the Southeast and Mid-Atlantic, including Atlanta, Charlotte, Raleigh, Research Triangle Park, Winston-Salem and Greensboro, N.C.; Greenville, S.C.; Washington, D.C.; and McLean, VA. Founded in 1876, the firm celebrated its 125th anniversary in 2001.
For more information, please visit www.wcsr.com

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 - the PredatorAnalyzerTM is the industry's first advance system utilizing intelligent reasoning and decisioning technologies in integrate business solutions in automated mortgage compliance processing. 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 the ComplianceAuditorTM and a variety of professional, consulting, and support services. For more information, please visit www.ComplianceEase.com.

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