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ComplianceEase Unveils Automated Solution for Georgia Fair Lending Act (GAFLA)

Atlanta, GA - November 14, 2002 - At a workshop "Are you ready for GAFLA?" hosted by ComplianceEase, a division of LogicEase Solutions Inc, its Chief Executive Officer, John Vong, announced the launch of the automated compliance solutions, including the BenefitAnalyzerTM. Vong briefed the participants that the BenefitAnalyzerTM was specifically designed and developed to assist banks and mortgage lenders to deal with the "Reasonable, Tangible Net Benefit" requirement of the GAFLA. Further, the PredatorAnalyzerTM (PATM), its flagship product, performs audits against anti-predatory lending laws and regulations at the federal, state, and municipal levels. Cutting edge technologies enable automatic identification of instances of non-compliance in a matter of seconds. A color-coded RiskIndicatorTM and a RiskScoreTM are displayed to indicate possible level of risk; and a detailed and narrative findings report is presented to support each result. The incorporation of Natural Language Processing technology allows business users to directly interface with the rule-based decisioning system to modify or author business rules using plain English sentences. These capabilities are essential in coping with the complexities of regulatory compliance.

GAFLA, which went into effect on October 1, 2002, is "by far the most comprehensive and the toughest legislation enacted on anti-predatory lending", said Don Lampe, one of the speakers at the workshop. Lampe is one of the leading authorities nationwide on anti-predatory lending laws and related issues and is a member of Womble Carlyle Sandridge & Rice, PLLC, legal counsel to LogicEase Solutions Inc.

The mortgage industry was well represented at the workshop with representatives from major institutions attending. Initial reaction from the attendees was very positive, citing that ComplianceEase's solutions are precisely the tools needed and have been made available at a most timely juncture.

The functionalities of the solutions empower lending institutions to perform compliance processing effectively and efficiently. More importantly, the underlying advanced software technologies deployed will also enable the continuous coping with a regulatory environment of expanding and increasingly complex anti-predatory lending laws.

Vong, in closing concluded that ComplianceEase is the perfect tool to assist responsible lending institutions in protecting their reputation.

About LogicEase
LogicEase Solutions Inc. has been a leading provider of intelligent business solutions to the financial services industry since 2000. Its ComplianceEase platform provides the industry's first automated compliance solutions utilizing advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing. ComplianceEase powers beginning-to-end solutions in a fraction of the time and cost while providing at the same time accuracy and integrity within the processes. ComplianceEase's additional products and services include ComplianceAuditorTM, CE VerifierTM, professional consulting and support services. For more information, please contact us at 1.866.212.Ease (3273) or at www.ComplianceEase.com.

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