Released on = July 24, 2006, 10:10 pm

Press Release Author = PIC Solutions

Industry = Financial

Press Release Summary = CrediMax, a leading financial services company in Bahrain,
selected PIC Solutions to conduct a Collections HealthCheck on their credit card
portfolio.


Press Release Body = Dubai, 25 July 2006 - CrediMax, a leading financial services
company in Bahrain, selected PIC Solutions to conduct a Collections HealthCheck on
their credit card portfolio.

CrediMax is a subsidiary of the Bank of Bahrain and Kuwait and was the first credit
card issuer in the Kingdom of Bahrain. Through a combination of product development,
joint ventures, commitment to a robust technological infrastructure, high quality
management and development of its people, CrediMax follows its vision of being the
preferred regional payment service brand.

This Collections HealthCheck will provide CrediMax with the opportunity to review
their credit card portfolio and ensure that their collections are running at maximum
efficiency. During this assignment, PIC Solutions experienced consultants will
conduct a HealthCheck on the organisation's current collections environment to
ensure that existing provisioning and collections policies are aligned with their
current strategies.

Mohammed Malik, Head of Support Group at CrediMax, states that, "We are committed to
improving risk management best practices in our organisation and ultimately
increasing our bottom-line results. We selected PIC Solutions for their extensive
international experience of business best practices in the financial services
industry. This Collections HealthCheck will provide us with a strategy to enhance
our collections environment and improve our credit card portfolio."

David Lewis, Director of Consulting at PIC Solutions, adds, "This assignment allows
CrediMax to tap directly into industry best practices. The key objective of this
Collections HealthCheck is to review collections procedures and make recommendations
that will optimise collections results. We look forward to working with CrediMax on
this assignment. "


About PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip
organisations. We are experts in the fields of credit, risk and software and have an
established track record of success powered by solutions.

PIC Solutions is the Fair Isaac alliance partner for the Middle East Africa region
and from offices in Cape Town, Dubai and Johannesburg, provides all sales and
support for the entire suite of Fair Isaac products and services. This includes
consulting, project management, integration services, first line software support
and ongoing maintenance.

Our ongoing commitment is to enable clients to optimise the credit life cycle.

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com

Web Site = http://www.PICSolutions.com

Contact Details = PIC Solutions
Birkdale I
River Park
Liesbeek Parkway
Mowbray
7700

Tel: +27 (0)21 680-6000
Fax: +27 (0)21 680-6003
Email: Info@PICSolutions.com