FOR IMMEDIATE RELEASE

Peldec Releases Next Version of Its Financial Statements Analysis Software, Featuring a New Ancillary Financial Model

New York, NY – February 5th, 2007 -- Peldec Decision Systems Ltd today announced version 5.2 of ProFin, an upgrade to its financial statements management and analysis software. This latest version supports improved usability and incorporates a number of advanced financial statements analysis tools. New analysis features include an ancillary financial model which enables financial institutions to attach a second financial model to a borrower, going beyond the basic financial model which is used to analyze traditional financial statements. The ancillary model exceeds the conventional analysis of quarterly, semi-annual and annual statements that were available to date. It can be used for Asset Based Lending (ABL) monitoring, it enables credit analysts to create a variety of financial models such as a Borrowing Base, and can track inventory levels or any other item on a monthly or any other periodic basis.

"As our clients have moved toward more diverse work environments, they have requested that we offer a more flexible solution,” said Ben Haker, Project Manager of ProFin. “In response to our clients’ needs, we decided to develop and deploy the Ancillary Model allowing users to really get creative and personal in designing the financial models that suit them most while simplifying on-going solution management."

ProFin is a next-generation financial statements management and analysis software system. ProFin enables financial institutions to efficiently and effectively manage credit risk and to rate their commercial customers by leveraging the financial information found in their customers' financial statements.

Version 5.2 of ProFin is available immediately. Rollout of this version to existing ProFin customers is scheduled for the first quarter of 2007.