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Victor Indiek - Former Freddie Mac President Joins ComplianceEase To Help Combat Predatory Lending

San Francisco, Calif. - March 31, 2003 - ComplianceEase, a division of LogicEase Solution Inc. - a leading provider of intelligent business solutions announced today the appointment of Mr. Victor Indiek as a member of its Advisory Board effective immediately.

In connection with Indiek's appointment, Bill Ridder, Chief Strategic Officer, commented, "Victor's joining will strengthen our Advisory Board. He has worked at senior levels, spanning public and private sectors, in banking, real estate and real estate financing. All these sectors are directly relevant to our current focus of delivering the next generation of compliance tools that will assist lenders and investors in combating predatory lending. Victor brings with him the perspectives of the different market participants. This will add to the level of foresight in our continuing development of comprehensive solutions for best practices for the industry. We wish Victor a warm welcome."

Indiek has a very distinguished career, having held directorships and senior executive positions with major public and private institutions in the financial services industry. From 1970 through 1977, Mr. Indiek was a senior executive intimately involved in the formation and startup of Freddie Mac, serving initially as its first CFO and then as its second President & CEO. Indiek was directly responsible for the development of the conventional mortgage-backed securities at Freddie Mac. He subsequently served as the vice chairman and CEO of American Diversified Savings, CFO and senior executive vice president of American Savings/Financial Corporation of America (FCA), and president and CEO of FarWest Savings. At FCA, Victor managed a portfolio of $1 billion in real estate owned and $3.5 billion in problem loans. He played a key role in developing the concept for restructuring FCA's assets into a "good bank," "bad bank" used to restructure American Savings.

Victor H. Indiek currently manages his own consultancy firm, Indiek Realty and Finance.

He received his Bachelor of Science in Accounting at the University of Kansas. Victor started off his career in financial auditing, he holds the Certified Public Accountant Certificate.

About ComplianceEase
ComplianceEase, a division of 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 at a fraction of the time and cost of the traditional approaches, while providing better accuracy and integrity. ComplianceEase's products and services include PredatorAnalyzerTM, ComplianceAuditorTM, BenefitAnalyzerTM, professional services, and consulting services. For more information visit www.ComplianceEase.com.

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