AWARD OF EXCELLENCE GOES TO SOFTWARE COMPANY SAVING OIL AND GAS COMPANIES BIG DOLLARS AND BIGGER HEADACHES.

Australian software developer SigPoint Pty Ltd has been announced the winner of the coveted Asia Pacific ICT Award for the Best Business Application in 2002.

Brisbane, Queensland Australia -- November 5th, 2002 -- Australian software developer SigPoint Pty Ltd has been announced the winner of the coveted Asia Pacific ICT Award for the Best Business Application in 2002. The accolade was presented to SigPoint at a gala awards event held recently at Jupiter's Casino, Gold Coast Australia.

The Asia Pacific ICT Awards are sponsored by some of the biggest names in technology including Sun Microsystems, Optus, Oracle and Microsoft.

One of 21 categories, the Business Application award was presented to SigPoint in recognition of its software application SigPoint NDT v2.0. The product was selected as the most innovative new ICT solution that significantly improves any Business sector's operations or competitiveness.

SigPoint will receive complimentary airfares and accommodation in order to compete for the International title at the host city of the Asia-Pacific International ICT Awards to be held in September 2003. The company also received, amongst other prizes, complimentary participation in the International Asia-Pacific ICT Awards Business Matching Program.

The APICTA awards aim to stimulate economic and employment growth, business matching programs and world attention to the region by implementing an internationally recognised program constructed with regional cooperation and incorporating community awareness and industry.

SigPoint NDT is a powerful, cost saving predictive intelligence software system for monitoring the condition of plants in industries such as Oil and Gas. It significantly reduces the cost of effective monitoring and at the same time reduces risk to personnel and the environment through better plant maintenance.

SigPoint Pty Ltd was formed to realise the commercial potential of many years of research and development into industrial condition monitoring management. The company is based in Western Australia and has a growing list of national and international clients, including Anaconda Nickel, Alcoa and Shell.