KGHM Polska Adds FOCUS To Their Operations

NEW YORK, January 22, 2001-Intermark Solutions (www.intermarkit.com), a division of EGAR Technology (www.egartech.com), a leading trading and risk management technology firm, today announced the sale of its FOCUS SQL system for metals trading and risk management to Polish metals producer, KGHM Polska.

The sale further solidifies EGAR Technology's position as a leading provider of sophisticated analytical products for diverse industries. EGAR Technology continues last year's record setting sales momentum for FOCUS SQL as KGHM Polska, the world's fifth largest producer of refined copper and single leading producer of silver, joins the growing list of users, which already includes, brokerage firm Cantor Fitzgerald, Safra National Bank, and Alfa Bank, among others.

"We are pleased to have Europe's dominant copper producer and one of Poland's largest industrial enterprises join the roster of satisfied FOCUS users," says Ravi Jain, president of EGAR Technology. "As usual, we are committed to providing a superlative product and unparalleled technical support to KGHM."

FOCUS SQL is Intermark's flagship product, and it stands out from its peers as the preeminent system integrating front office, middle office and back office capabilities, while offering customized system integration and development at a fraction of the typical cost. It features seven interchangeable modules: foreign exchange, foreign exchange options, equities, interest rate derivatives, fixed income, metals and commodities.

KGHM, Poland's metals producing potentate, was searching for an integrated system to handle evidencing, settling and reporting as it looked to extend its business into metals and derivatives trading. The search led them to EGAR Technology's increasingly popular FOCUS product.

"We found the Focus product best suited our trading needs, and an extremely flexible and cost-effective tool," says Roland Szalowski, manager, Market Strategy Department at KGHM Polska. "We then conferred with our consultant, Deloitte & Touche, on our selection, and they too, were impressed by EGAR Technology's stellar reputation in the industry and its quick and effective support capabilities," Szalowski adds.

EGAR Technology continues to fulfill its mission to go beyond providing just products to the financial services industry, to becoming a true solutions provider, customizing its FOCUS tools for each client and providing superior support services.

About EGAR Technology

EGAR Technology is a New York and Moscow-based financial software, consulting and e-business firm. EGAR Technology provides complete consulting and development services for complex web systems and capital markets software, so clients can confidently and cost effectively expand their IT capabilities. EGAR Technology is widely recognized to have some of the foremost capital markets expertise in technology. The predominant part of this expertise comes from its fast growing team of more than 75 specialists -- virtually 100% of which have advanced degrees and more than 50% of which have PhDs or are PhD candidates. Egar's team exudes firepower and a level of sophistication the likes of which the editor-in-chief of a financial technology publication said he had never seen before in this sector.

In addition to building banking systems for Safra National Bank and Alfa Bank, EGAR Technology is developing the next level of high-end web sites that bring sophisticated institutional information, financial applications, and analytical tools to the Internet. While other firms have failed to execute these projects because of the technical and mathematical complexity of their development, EGAR Technology has excelled. It is very difficult for most firms to execute these projects because of the technical and mathematical complexity of their development.

For more information on this press release or any other EGAR Technology related news, please contact:

Michael Aiken		Ravi Jain
(+1) 212-223-3552		(+1) 212-223-3552
maiken@EGARTech.com		rjain@EGARTech.com