Another Strong Year for Passageways

West Lafayette, IN. January 4, 2007 - Passageways, one of the fastest growing Portal/Intranet providers in the nation, closed out 2006 with over 90 Portal customers and two industry awards to its name. Such acclaim further strengthens its position as the industry's market leader in Portal implementation.

Passageways also achieved success in other areas, most notably product development. The Passageways Development team was able to completely revamp their development methodology that not only includes customers throughout the process but also, enables a faster release cycle.

Several of new clients decided to replace their in-house intranet or third party portal solutions with Passageways solution. Paroon Chadha, Vice President - Sales and Implementation said, "The year 2006 has been a break out year for us on multiple fronts. Plans for 2007 include staying the course with similar or better growth, launching new products, offering ASP solutions and fostering this community of well over 10,000 portal users".

Among the several highlights for the year are:

1. Receiving the Best of Show award from the CUNA Technology Council at the 2006 BAI Retail Delivery Conference. A total of 368 exhibitors were in contention at BAI including last year's winner, CISCO. The council has presented the Best of Show award to the exhibitor that demonstrates a commitment to delivering technology that will further the growth of products and services in the credit union industry.

2. Adding over 30 clients including 7 of the top 100 credit unions in the nation including Credit Union Central Falls, Redwood CU and Delta Community Credit Union.

3. Adding 6 new banks as clients including First Independent Bank of Nevada, Viking Bank and bank of American Fork. This was a new initiative to develop business in related verticals.

4. The Professional Services team was introduced midway through the year to unprecedented success. The team completed well over 20 projects since July including such notables as Executive Dashboards, Supply Order Cart and Board of Directors Portal.

5. Successfully organized the second annual Passageways client conference PowWOW 2006 which included a Portal Best Practices Awards Show. This contest was won by Sandia Laboratory FCU (NM), and Purdue Employees FCU (IN).

6. Passageways and NuUnion Credit Union were recognized as one of CU Journal's Best Practices in 2006 for the Products and Services module, which was jointly developed by the two. This module is already in use at well over half of Passageways' client base.

7. Passageways formed a strategic alliance with EPL, inc.

8. Release Portal Framework v3.3, which upgraded all corresponding modules to .NET 2.0 and added more functionality.

9. Passageways improved its aggregate client satisfaction rating from a healthy 4.2 to a new high of 4.3 on a scale of 5.0.

About Passageways

Passageways LLC is the leading portal provider to the credit union industry. Passageway's mission is to provide an affordable portal strategy for community banks and credit unions of all sizes, helping employees and partners become more efficient in collaboration and interaction with different systems. The company is headquartered in West Lafayette, Ind.