EastNets Awarded SwiftReady Services Label for 2010

NEW YORK, NY and DUBAI, UAE, Apr 06 (MARKET WIRE) --
EastNets, a leading global provider of compliance and payments solutions,
announced today that it has again been awarded the SwiftReady Services
label after successfully passing the renewal criteria for 2010. The
certification validates EastNets' capability to perform implementation,
integration and upgrade services in 2010 for SWIFT products and solutions
that include Alliance Access, Alliance Entry, Alliance Starter Set,
Alliance RMA, Alliance Gateway, Alliance WebStation, CCI Screenflow over
SWIFT, Solutions Integration, Cash Reporting and Funds.

The SWIFTReady certification involves three stages of validation:
technical validation wherein SWIFT uses an external provider to execute
the technical validation of the products applying for a SWIFTReady
application label; functional validation, which consists of a detailed
demonstration of the applicant product to SWIFT business experts, who
assess compliance; and customer validation, which verifies customer
satisfaction regarding the usage of the product.

Hazem Mulhim, CEO, EastNets, said: "The SWIFTReady label reaffirms our
continuing thrust to deliver premium-quality solutions and value-added
services to our growing portfolio of customers worldwide. With the
certification, our customers can have complete confidence in EastNets'
capabilities to provide compliance and payment solutions that have passed
the most stringent quality standards."

EastNets SWIFT-ready solutions value-add SWIFT connectivity plug-ins
including: en.Reporting, enabling SWIFTAlliance Access (SAA) users can
benefit from one central view to investigate, monitor and report all
their FIN and XML traffic within one environment; en.Recovery, enabling
SAA users to restart operations within minutes after an outage instead of
hours; and en.Duplicate Detection, preventing in real time emission of
duplicate payments or other FIN messages sent to correspondents, and
EastNets anti-money laundering solutions: en.SafeWatch Filtering,
providing real-time blocking and list filtering, supporting all lists
including OFAC and PEP; and en.SafeWatch Profiling, providing customer
and account monitoring and profiling, risk scoring, peer group analysis,
case management and regulatory reporting.

About EastNets
EastNets is a leading provider of global compliance and
payment solutions and services with over 1,000 customers in 120
countries. Founded in 1984, EastNets has over 25 years of experience
serving financial institutions, corporates 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 cost
savings. 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.

Contact:
Muna Nahawi
Marketing Communications Manager
EastNets
P. +9714 391 2696
Email Contact
www.eastnets.com

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

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