Penley and Sum2 Announce Partnership

Alliance to Address Patriot Act Compliance for broker dealers and fund managers

DULUTH, GA (PRWEB) September 3, 2003 -- Penley Inc., the leader in account integrity, and Sum2, LLC, today announced an alliance that aims to provide the definitive USA Patriot Act Section 352, 326, and 314(a) compliance solution for broker/dealers and fund managers. The Sum2 solution, Patriot Act Compliance Officer (PACO), is a multi-media browser based software application that addresses the anti-money laundering compliance requirements of the Patriot Act. PACOs unique design integrates numerous compliance services onto a since platform and has added Penleys Fast Watch solution to provide identity verification, record storage and government list checks for complete USA Patriot Act Section 326, 314(a)and OFAC compliance.

We are excited about our relationship with Sum2" said Cleve Shultz, Executive Vice President of Penley. We feel that Sum2s industry-leading PACO solution is an excellent complement to Fast Watch and that an alliance between our companies will offer significant value to our mutual clients."

According to James B. McCallum, Sum2, Our objective is to assist businesses to implement corporate sound practices that add value for shareholders, employees and clients. Integrating Penleys Fast Watch into our PACO solution enables us to provide broker dealers and fund managers with the industrys most comprehensive, easy-to-use and cost effective Customer Identification Program solution available."

Company Information

About Penley, Inc.
Penley is the leader in Financial Account Integrity. The company 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.

About Sum2, LLC
Sum2 is dedicated to the commercial promotion of Sound Practices within the financial services industry. Sum2 Sound Practices program addresses compliance, operational risk mitigation, corporate governance, shareholder communication, business continuity and corporate and transactional transparency. Sum2 is dedicated to corporate responsibility, ethical business practices, customer service excellence and delivering to our clients a unique and essential value proposition.

We uphold these values in all our work and continually strive to deliver on the commitments that we make to our clients. PACO and other services offered by Sum2 can be ordered by contacting Liz Cheney by e-mail at LizCheney@sum2.us or by phone at 201.440.1173. Sum2s mailing address is PO Box 184, Little Ferry, N.J. 07643. Our Internet address is www.sum2.us