Released on = December 11, 2006, 11:16 pm

Press Release Author = PIC Solutions

Industry = Financial

Press Release Summary = PIC Solutions, the leading credit risk management company in
the Middle East and Africa region, has expanded their Middle East personnel to
include Ian Read, a highly experienced credit risk professional.


Press Release Body = Dubai, 12 December 2006 - PIC Solutions, the leading credit
risk management company in the Middle East and Africa region, has expanded their
Middle East personnel to include Ian Read, a highly experienced credit risk
professional.

PIC Solutions presence in the Middle East has gone from strength to strength and
their Dubai-based team has expanded to cater for the ever-growing demand for locally
based support. Ian Read will be joining the Dubai office as General Manager, and his
experience and knowledge will further increase PIC's capacity to deliver turnkey
credit risk management solutions to clients in the region.

Ian has extensive knowledge of the Middle East market and over 20 years experience
in the consumer credit industry. His leadership and support will provide the
essential foundation to further establish the Dubai office and position the company
as the leader in the Middle East credit risk industry.

Ian Read, General Manager for the Middle East region at PIC Solutions, comments,
"PIC Solutions has established their reputation as the leading credit risk
consultancy in the Gulf region and I look forward to joining their Middle East team.
This is an exciting period for the company and my experience of the Middle East and
European market will aid me to successfully steer the team through the new
challenges ahead."

Stephen Leonard, Managing Director of PIC Solutions, adds, "Ian has worked
extensively within the international credit risk consulting and ICT marketplace. His
specialised knowledge and experience brings a new dimension to the PIC team and will
ensure we continue to provide key benefits and solutions to our extensive client
base in the region."


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.

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