October 20, 2004 -- FinLab SA provides advanced software products and services to investment professionals making asset allocation decisions on both Hedge Funds and Traditional Funds. Mr. Denis de Penthney OKelly CEO of Finlab SA stated that Asset Alliances decision to choose PackHedge is a major step forward in the adoption of our products by key players investing in Hedge Funds and the FinLab SA and Asset Alliance Corporation are pleased to announce the signing and implementation of a Software Licensing Agreement between the two companies for the supply and use of FinLabs modular software platform PackHedge in Asset Alliances multi-faceted alternative investment strategy teams based in New York and London. . The globalization of our business continues apace with clients now in all of the worlds major financial centres. These clients require a solution that provides a set of quantitive and qualitative research tools that deliver new levels of efficiency, accuracy and timeliness in their asset allocation and management decision-making processes. They demand and receive a technology solution that is state of the art and is supported by services that match their rapidly evolving business needs which is such a characteristic of our dynamic marketplace

Mr Ed Robertiello, Senior Managing Director of Research and Investments at Asset Alliance said PackHedge was chosen by Asset Alliance after an extensive and exhaustive process of evaluation. PackHedge was selected because of its capability to meet the rigorous standards set by us, specifically in how it was applied to our business processes in research & analysis, financial innovation, portfolio construction, due-diligence and client reporting.

About FinLab SA
FinLab is a software solutions company that develops, distributes and supports one of the worlds most advanced systems for investment research, analysis and asset allocation for both alternative and traditional funds.

The companys product suite PackHedge is a series of state of the art modular software tools that provide an unmatched multi-source, multi-currency, multi-frequency qualitative and quantitative data management model, combined with data aggregation, extensive statistical analysis & charting, multi-dimensional query engine, with complete pro-forma portfolio simulation and customizable reporting capabilities.

The company was formed in 1999 and is headquartered in Geneva, Switzerland.

For more information please visit FinLabs web site www.finlab.ch

About Asset Alliance
Asset Alliance is a multi-faceted investment management firm, specializing in alternative investment management - specifically hedge funds and hedge fund products. Founded in 1996, Asset Alliance offers strategic opportunities for highly skilled hedge fund managers, manages investment products for institutional and high net worth investors and offers advisory services to organizations worldwide.

Asset Alliance and its affiliate managers have approximately $4.6 billion of assets under management and sub-advise approximately $12 billion of assets.

For more information please visit Asset Alliance website at www.assetalliance.com

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