Amricon Press Release - English Version

Dear Editor,

Kindly find attached a press release titled: Amricon gears up to target 
growing $1.4 billion regional financial technology market through its participation 
at MEFTEC 2007. Appreciate it if you could publish the release.
 
Also attached is an image with the following caption: Mohamad Jarrar, Managing 
Director, Amricon

For further information, please feel free to contact us.

Thanks & best regards,

Mayssam Hamadeh
PR Account Manager
CommuniGate Middle East
P.O.Box 66861, Dubai, UAE
Tel: +971 4 3988134
Fax: +971 4 3988137
E-mail: mayssam@communigateme.com 
Website: www.communigateme.com 

P-E
Press Release

Amricon gears up to target growing $1.4 billion regional financial technology 
market through its participation at MEFTEC 2007

Technological developments within Middle Eastern financial sector expected 
to attract industry leaders to the event

February 5, 2007

Amricon, a leading regional SMART solutions provider, has announced that 
it will be exhibiting its portfolio of fraud prevention and document security 
solutions during the third annual MEFTEC exhibition being held from February 
12-13, 2007 in Bahrain.  The continued expansion of the Middle Eastern 
financial sector and the technological developments shaping the industry 
are expected to attract an audience of senior executives and business leaders 
to the event being held at Bahrain's International Exhibition Centre. Amricon 
will be showcasing its leading edge financial systems and solutions with 
a view towards further penetrating the US$1.4 billion Middle East's financial 
technology market.

The invitation-only event is the premier banking and financial services 
technology event for the Middle East, Africa and South Asia region and 
will address pressing strategic and technical issues and preview the latest 
technological innovations. Last year's MEFTEC attracted more than 1500 
financial technology professionals from 30 countries, including representatives 
from almost 200 banks and financial institutions. The event covers a broad 
and diverse range of financial IT solutions, from retail banking systems 
to Islamic banking applications; business continuity solutions to IT security 
systems; CRM to e-banking; anti-money laundering to Basel II; ATMs to payment 
cards; and wireless technologies to specialized solutions for the insurance 
and securities sectors.

"MEFTEC is a very important event in that it represents a forum where ideas 
are born, provides a platform for discussing solutions and offers an unrivalled 
opportunity for vendors to exhibit their cutting-edge financial solutions. 
 The exhibition is an excellent opportunity to exhibit a number of highly 
innovative solutions to an audience of senior executives within the industry 
and strengthen our partnerships with some of the world's leading financial 
institutions," said Mohamad Jarrar, Managing Director, Amricon.  

According to a recent study by IDC, banks in the Gulf represent the largest 
single vertical in terms of overall IT investments. This reflects the strong 
growth being witnessed in the financial services sector which is expected 
to grow by 12 -15 per cent per annum. As a result, IT investments and spending 
by the financial services industry was a record US$1.4 billion in 2006. 


"During MEFTEC, Amricon will exhibit its portfolio of smart solutions that 
are used by some of the leading government organizations, banks, financial 
institutions, and businesses. This includes the recently-launched SMART 
Cheque, a revolutionary solution to bounced and counterfeit cheques." added 
Jarrar.  

- ends -
About Amricon:
Amricon is a dynamic and rapidly growing Smart Solutions company inspired 
by innovation and empowered by technology. Headquartered in Dubai, Amricon 
is staffed by experienced professionals with over 30 years of management 
experience. The company offers leading state of the art solutions and information 
services using cutting edge technologies that empower government organizations, 
financial institutions and businesses such as SMART Document, Unified ID 
Solution, SMART Parking Solution, and SMART Cheque.

For more information, please contact:
CommuniGate Middle East
PO Box 66861, Dubai, UAE
Tel: +971 4 3988134
Fax: +971 4 3988137
Email: info@communigateme.com 
Website: www.communigateme.com