EastNets, a sponsor at SWIFT Regional Conference in Bahrain

EastNets is also holding its annual EastNets Service Bureau (ENSB) User Group Meeting ahead of the conference on April 23, 2006 at the same location.

The EastNets Service Bureau User Group Meeting is an excellent opportunity to share with you our latest EastNets Service Bureau services and offerings and to collect your feedback, suggestions and how we may improve on our services to you.

EastNets, who is SWIFT Business, Service, Solution and Service Bureau Partner, is showcasing its PayGate and EastNets Service Bureau at the SWIFT Regional Conference.

A series of discussions and topics will be covered at the event including the highlights of PayGate. PayGate is a leading-edge middleware solution for the financial market built on Microsoft BizTalk Accelerator for SWIFT, and supports multiple protocols such as SWIFT, country-specific financial formats like RTGS, Reuters and core banking applications. EastNets Service Bureau is a comprehensive outsourcing platform established at the secure data centre at eHosting DataFort, a fully-owned subsidiary of the Dubai Technology and Media Free Zone.

Hazem Mulhim, CEO, EastNets, said,

"The SWIFT regional conference is an important platform for the industry to identify the growing areas in the trends in the operational and strategic management of the payments and settlements infrastructure. The conference is a key opportunity for us to showcase the advanced systems that EastNets has deployed in our target markets in the Middle East and also an opportunity for us to understand the industry best practice."

PayGate allows banks to integrate banking processes in an electronic format, providing them with a powerful STP solution to manage their day-to-day operations over the SWIFT network for international trade, fund management and capital market transactions.

EastNets Service Bureau is the leading technology platform for outsourcing of mission critical services such as connectivity and infrastructure for Banks, Broker Dealers, Fund Managers, and other Financial Institutions over SWIFT's new IP-based messaging system SWIFTNet. The EastNets Service Bureau also provides the financial community with other IP based applications and services.

"EastNets is aiming to capitalise on our presence at the SWIFT conference, through demonstrating the outstanding salience that our products offer for the financial industry," added Mulhim. "Our technologies represent the very core of the sectoral evolution in the financial industry and we hope that the conference attendees are exposed to our latest offerings."