Transoft Named to Deloitte & Touches North Carolina Fast 50

Transoft International, Inc. (Transoft), the industry leader in currency supply chain management solutions, has been named one of North Carolinas fastest growing technology companies according to the Deloitte & Touche 2002 North Carolina Technology Fast 50 list. The Technology Fast 50 ranks the 50 fastest growing technology companies in the state.

Cary, NC, -- August 14, 2002: Transoft International, Inc. (Transoft), the industry leader in currency supply chain management solutions, has been named one of North Carolinas fastest growing technology companies according to the Deloitte & Touche 2002 North Carolina Technology Fast 50 list. The Technology Fast 50 ranks the 50 fastest growing technology companies in the state. Rankings for the Technology Fast 50 are based on revenue growth over a five-year period (1997 to 2001).

In todays economy, triple-digit percentage revenue growth is an exceptional accomplishment. We commend Transoft for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Transoft as a Deloitte & Touche Technology Fast 50 winner," said Tim Gillam, partner-in-charge of the North Carolina Technology, Media & Telecommunications Group at Deloitte & Touche.

Transoft, enjoying 10 years of solid growth, is the only company worldwide dedicated completely to currency supply chain management and is widely known as the industrys most experienced company in the marketplace. With customers on six continents, Transoft continues to grow despite the recent downturn in the technology market. This, coupled with Transofts triple-digit growth and technological and market leadership, combine to make Transoft one of the Technology Fast 50 in North Carolina.

Transoft is honored to be named amongst this distinguished list of technology companies," said Bo H. Holmgreen, Transofts President. This award is a direct result of the dedication, knowledge and expertise of our talented group who have created a solution providing magnificent savings for our customers worldwide. Without our teams dedicated efforts, there is no way we could achieve these types of results for our customers."

About Transoft:
Transoft is the world's leading provider of cash management and cost optimization analytical applications for the commercial banking industry. Based in Cary, North Carolina, Transoft was founded in 1992 to develop software that provides decision makers access to information, which facilitates them to optimize their cash management procedures.

Transoft is a privately held company with customers spanning 6 continents, managing cash for over 50,000 ATMs and 20,000 bank branches. Transoft can be reached at 919/678-9192 and www.transoftinc.com.

About Deloitte & Touche
Deloitte & Touche, one of the nations leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touches Web site at www.deloitte.com/us.

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