Transoft International, Inc. Increases its Commercial Banking Reach

Transoft International Partners with PSI, Inc.

Cary, North Carolina (PRWEB) July 17, 2003 -- Transoft International, Inc. is delighted to announce its alliance with Productivity Systems International. PSI, Inc., an independent engineering and consulting firm, serves the international central bank market and specializes in the design and implementation of integrated material storage, handling and control systems. PSI has extensive experience in high security applications for currency, coin and check operations.

Due to the presence PSI has in the international central bank market, commercial banks worldwide have petitioned PSI to provide its expertise. Currency Management has become increasingly important to executives in this industry. In response to the growing demand to reduce cash levels, PSI sought to find a world-class currency optimization solution to offer its clients.

Terry Glude, President of PSI says, We are pleased to work with Transoft as a primary provider of Currency Management software. We are offering the OptiCa$h product as an excellent solution for our commercial clients needs and believe it is light years above any other Currency Management solution on the market. We are committed to providing our clients with best-in-class solutions and Transoft is helping us do that."

Transoft International, President, Bo Holmgreen says, Partnering with PSI is very strategic, given the explosive opportunities we are seeing in Currency Management around the world. We are very impressed with the expertise and level of professionalism that PSI brings to our organization and we anticipate a mutually successful relationship in servicing our clients."

This alliance is a win-win for both Transoft and PSI. PSI is able to satisfy the growing need of its clients by providing Transofts OptiCa$h solution, which in turn further enhances Transofts presence in the worldwide currency management market.

About Transoft International, Inc.
Transoft (www.transoftinc.com) is the world's leading provider of currency supply chain management and cost optimization solutions for the banking industry. Celebrating its 11 year anniversary, Transoft develops software that provides large recurring cost savings in ATM, branch and vault networks by applying operations research and statistical analysis to cash inventory management and balancing of all cost components therein.

Transoft manages cash for nearly 100,000 ATMs and branches on six continents, and is on Deloitte & Touches Fast 50" list of North Carolinas fastest growing IT companies.

Contact:
Joanna B. McGee
Transoft International, Inc.
115 CentreWest Ct.
Cary, NC 27513

Phone: 919.678.9192
Email: Joanna.mcgee@transoftinc.com