EastNets Opens Offices in Hong Kong to Support Strong Growth in Asia for Its Anti-Money Laundering Solutions

HONG KONG and NEW YORK, NY, Mar 30 (MARKET WIRE) --
EastNets, a leading global provider of compliance and payments solutions
and services, announced today that it has opened offices in Hong Kong to
support its customers, partners and the increased demand for its
anti-money laundering solutions and SWIFT connectivity Plug-ins in China
and the Asia Pacific region.

"We are very pleased to be opening offices in Hong Kong to better support
and service our partner network and our growing customer base," said Hazem
Mulhim, CEO of EastNets. "With an explosive growth for anti-money
laundering solutions, there has been a significant increase in demand for
our cost-effective and rapidly deployable solutions to improve risk
protection, control costs and meet regulatory requirements."

Serving over 100 customers in the Asia Pacific region, EastNets works
together with a world-class partner network including:

-- Blitz IT Consultants for Vietnam, Cambodia, Myanmar and Laos;

-- Cambridge for India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka;

-- Comas for Korea;

-- CSC for Hong Kong;

-- NCS for China, Hong Kong and Macao;

-- NewGens for Indonesia, Malaysia, Philippines, Singapore and Thailand;

-- Sumisho Computer Systems Corporation for Japan; and

-- VenSys for Indonesia.

EastNets solutions offered through its partners include: en.SafeWatch
Filtering, providing real-time blocking and list filtering, supporting all
lists including OFAC and PEP; en.SafeWatch Profiling, providing customer
and account monitoring and profiling, risk scoring, peer group analysis,
case management and regulatory reporting; and value-add SWIFT connectivity
plug-ins including: en.Recovery, enabling SAA users to restart operations
within minutes after an outage instead of hours; en.Reporting for FIN and
XML traffic monitoring and reporting; and en.Duplicate Detection,
preventing in real time emission of duplicate payments or other FIN
messages sent to correspondents.

EastNets' en.SafeWatch Filtering solution was ranked by the Celent analyst
firm as a leading watch list filtering solution used today by over 250
customers in 80 countries.

About EastNets

EastNets is a leading provider of global compliance and payment solutions
and services with over 900 customers in 120 countries. Founded in 1984,
EastNets has over 25 years of experience serving financial institutions,
corporations and government agencies around the globe. EastNets provides
anti-money laundering, payment and transaction management solutions, and
SWIFT plug-ins to add value to SWIFT connectivity to improve risk
protection, transparency, and cut costs to preserve your bottom line.
Through its outsourced fully-hosted Service Bureau, EastNets provides
SWIFT connectivity and add-on services for over 200 financial
institutions. For more information, please visit www.eastnets.com.

Media Contact:
Valerie Harding
Ripple Effect Communications
P. 617-536-8887
Email: Email Contact

Corporate Contact:
Alison Holland
Group Marketing Director
EastNets
P. 508-893-6066
Email: Email Contact

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