Aquilan launches Patriot Manager for Insurance New software provides automated USA Patriot Act and OFAC compliance in 90-days

AUSTIN, Texas -- February 14, 2003 - Aquilan, a leading provider of enterprise compliance software to the insurance industry, announced today the release of Patriot Manager, a complete software solution for automated compliance with new federal screening requirements. Aquilan Patriot Manager is designed specifically for complex insurance administration environments and can be deployed in less than 90-days.

Aquilan launches Patriot Manager for Insurance
New software provides automated USA Patriot Act and OFAC compliance in 90-days

AUSTIN, Texas -- February 14, 2003 - Aquilan, a leading provider of enterprise compliance software to the insurance industry, announced today the release of Patriot Manager, a complete software solution for automated compliance with new federal screening requirements. Aquilan Patriot Manager is designed specifically for complex insurance administration environments and can be deployed in less than 90-days.

For the first time, insurance companies must comply with a wide range of customer-focused federal regulations," said Cliff Hagler, CEO of Aquilan. Leveraging decades of industry experience, Aquilan Patriot Manager helps insurers quickly and cost effectively meet these new government requirements."

The USA Patriot Act, which was signed into law on October 26, 2001, imposes strict new regulations on insurance companies. Under these rules, insurers will face strict penalties for transacting business with known terrorists or drug dealers, or for serving as a haven for money laundering. Failure to comply with these regulations may result in substantial corporate fines and jail time for senior executives.

Aquilan Patriot Manager meets the full monitoring, screening, and reporting requirements of the USA Patriot Act. The browser-based software includes automated tools for customer and transaction screening as well as full case management capabilities. By integrating directly to multiple administration and transaction systems, Aquilan Patriot Manager is able to gather the key customer and transaction information needed to manage enterprise compliance. The system provides complete user control over screening rules, red flag tolerances, and alerts, making it easy to keep the system current with changing federal requirements.

The importance of these new federal regulations has pushed Patriot Act compliance to the top of most insurers priority list," said Mr. Hagler. With Aquilan Patriot Manager, insurers now have a complete solution for this critical business need.

Aquilan Patriot Manager is available immediately and can be purchased directly from Aquilan.

About Aquilan

Aquilan provides industry-leading software to help insurers fully comply with rapidly evolving federal regulations. Aquilans team of industry veterans includes insurance technology experts with decades of industry experience. Through established partnerships, the company has direct access to regulatory and legal experts that provide Aquilan and its customers with immediate notice of relevant regulatory action.

Aquilan is a private company with offices in Austin and San Antonio, Texas. Additional information about Aquilan and Patriot Manager can be found at www.aquilan.com.

For information about this news release contact:

Aquilan
(210) 541-7114
info@aquilan.com
www.aquilan.com