PROLOGIC CORPORATION AND PK TECHNOLOGY ANNOUNCE NEW PARTNERSHIP TO PROVIDE CLIENT/SERVER BANKING SOLUTION TO ASEAN FINANCIAL SERVICES ORGANIZATIONS VANCOUVER, Dec. 15 /CNW-Asianet/ - New agreement positions Prologic and PK Technology for aggressive market expansion in Asia Prologic Corporation and PK Technology Sdn Bhd, today announced a new partnership that will bring Ovation(TM), a world-class, enterprise, Windows NT-based client/server retail banking software solution, to the ASEAN (Association of Southeast Asian Nations) financial services industry. Prologic, the global leader in client/server banking solutions, will partner with Malaysia's PK Technology, a leading information technology supplier and services company in Asia. This will allow PK Technology to market, implement, and support Ovation software throughout Asia. PK Technology's key banking relationships in Malaysia, Singapore, Brunei, Philippines, Thailand, and Hong Kong give it a strong position for leveraging Ovation's full benefits to provide customers with a competitive advantage in the fast-growing and changing ASEAN market. "Ovation's scalability and its Rapid Application Development (RAD) environment make it easy to quickly add new products and services. Prologic's complete, end-to-end client/server banking solution provides an important and complementary addition to PK Technology's portfolio of financial industry products and services," said Jaspal Singh, chief executive officer, PK Technology. "PK Technology's focus on the Asian market, along with their experience in successfully implementing IT solutions in the banking sector, will bring Ovation to the forefront of the growing and dynamic ASEAN region," said Robert Wilband, president and chief executive officer, Prologic Corporation. Ovation provides high-volume, mission-critical, on-line transaction processing (OLTP) for the financial industry. Ovation is a complete solution that includes all core product applications for personal and business banking, in addition to built-in customer relationship functionality. PK Technology is a leading supplier of information services and technology to the Asian financial institution market. PK Technology combines its experience in the Asian business industry with its technical expertise in database, client/server tools and applications. It has an established reputation for successfully implementing and delivering full-service IT solutions to financial institutions. Founded in 1984, Prologic Corporation is the leading provider of world-class, client/server solutions for the financial industry. A Microsoft Solution Provider Partner, Prologic understands global client/server banking trends - both the technological impact and the critical implementation issues - so their customers can chart their short and long-term banking directions confidently. Through strategic partnerships with Microsoft, global partners, and international customers, Prologic currently serves close to 200 financial services organizations in 27 countries throughout North America, Latin America, Asia Pacific and Europe. Visit Prologic's home page at www.PrologicCorp.com for further information. Ovation and Prologic are trademarks of Prologic Corporation. Microsoft, Windows, Windows NT or other Microsoft products referenced are either trademarks or registered trademarks of Microsoft. For further information: Marlene Yip, Prologic Corporation, (604)214-5726 or info(at)PrologicCorp.com or visit the company's web site at http://www.PrologicCorp.com/