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Update on merger with Cerebrus Solutions

 1 May 2005

The recent merger with Cerebrus Solutions is now complete. Neural Technologies now benefits from a unique portfolio of intellectual property, with more than 30 patents approved or pending, plus an extensive list of almost 40 customers worldwide.

Future plans include converging to a common platform that will encompass the best of each company's technology. Neural Technologies' Minotaur™ solution will form the core component of the platform, with several of the key features of Cerebrus RE being incorporated to create an enhanced offering. Amongst others, these features comprise the Interface Manager, which will provide for seamless integration of data feeds into the solution, with minimal technical intervention, and the Subscriptor module, which will further enhance Minotaur's™ existing fraud assessment capabilities for new subscribers.

Changes to the product do not affect or impact any existing customers, who are the company's most important asset and one on which Nt's continued success depends.  Nt is committed to supporting its existing customers, and ultimately offering them product enhancements or upgrades as they become available.


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