FOR IMMEDIATE RELEASE

Peldec Releases Next Version of Its Commercial Credit Management Software, Featuring an Advanced Customer Risk Rating Module That Integrates All Major Risk Indicators

New York, NY - March 5, 2006 -- Peldec Decision Systems Ltd today announced version 5 of ProFile, a major upgrade to its commercial credit management software. This latest version incorporates an advanced risk rating module that enables financial institutions to implement a wide range of proprietary customer risk rating models. These models may integrate a broad class of customer-related risk indicators, such as financial ratios, judgmental ratings and credit bureau-provided scores.

“Financial institutions require a high level of flexibility when defining, implementing and validating Basel II-compliant customer risk rating models”, said Nir Rosenbaum, product manager for ProFile. “We have found it to be extremely important for financial institutions to manage a complete history of the indicators that feed the rating models as well as the resultant risk ratings. The latest version of ProFile ensures that all risk indicators are properly managed, enabling validation and calibration of internal rating models over time”.

The new risk rating module is fully customizable, providing the financial institution with all the necessary tools to manage Basel II-compliant internal risk rating models without the need to write custom code.

ProFile is an end-to-end, browser-based commercial credit management software solution that enables loan officers, credit analysts and senior bankers to efficiently review, analyze, collaborate and decide on commercial credit applications and to manage relationships with commercial customers.

Version 5 of ProFile is available immediately. Initial customer implementations of this version are scheduled for the second quarter of 2006.