Penley now has customers in all 50 states

Fast Watch offers comprehensive choice for USA Patriot Act compliance

DULUTH, GA.--(PR WIRE) Penley Inc., the nations leader in account integrity, announced today financial institutions in all 50 states have signed contracts for its USA Patriot Act compliance solution, Fast Watch. Fast Watch provides financial institutions with the tools necessary to comply with Section 326, 314(a) and OFAC, as well as the provision of an extensive Identity Fraud prevention program.

The USA Patriot Act requires financial institutions to verify the identity of every new customer. Fast Watch offers institutions the knowledge needed to make quality new account decisions. By accessing over 17 billion aggregated records, Fast Watch verifies, within seconds, the accuracy of all presented identity information and provides institutions with enough data to make a reasonable determination if the information is correct and truthful. The Fast Watch solution also offers a customized Customer Identity Program (CIP), checks against government lists, and stores records in an easily searchable format.

Penley understands the needs and issues facing financial institutions today. I believe their USA Patriot Act compliance solution, Fast Watch, is rapidly becoming the industry standard for excellence," said Jim Binkowski, George Washington Savings Banks Senior Vice President of Operations. Because of the completeness of the Fast Watch solution, our bank has been compliant for some time. In addition, the Penley team is very receptive to our suggestions and continues to add innovative features and integrate with other software to enable us to increase our operational efficiency."

"Expanding our market share to all 50 states confirms our belief that Fast Watch is the best available compliance solution in the market," said Cleve Shultz, Penleys Executive Vice President. "We are driven to provide easy-to-use technology with superior service which offers our customers the best value proposition in the industry."

Company Information

About Penley, Inc.

Penley is the leader in account integrity and provides financial institutions with easy-to-use technology solutions for identity verification and automated enrollment of new accounts. For financial institutions that need a value-driven identity verification service, Penley's Fast Watch provides complete USA Patriot Act Section 326, 314(a) and OFAC compliance as well as protects against identity fraud. The company's advanced technology platform ensures the delivery of superior services as well as best-of-breed automation, security, and technology. For more information or to take a test drive", please visit www.penleyinc.com.

This release may contain or incorporate by reference forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause our actual performance or achievements to be materially different from any future results, performance or achievements expressed or implied by those statements. Penley undertakes no obligation to publicly update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to future results over time.