WaterOne Selects SymPro Treasury Management Software to Help Attain Efficient Investment Operations

EMERYVILLE, Calif., May 16, 2003--SymPro, Inc., a leading provider of Treasury Management Software for the government and corporate sector, announced today that WaterOne, a quasi-municipal utility, has selected SymPro to provide treasury management software and related services. WaterOne, one of the largest water utilities in Kansas, with a retail customer base of 126,000, selected SymPro to provide fixed-income investment performance analysis and financial reporting software. SymPro will deliver a complete solution with application software, project implementation management, data conversion, training and ongoing professional support and maintenance services.

Shelley Homan, WaterOne's Cash and Investments Manager, states that "in the past, we've used multiple Excel spreadsheets to track our investment holdings and performance. The information was not integrated and we spent a lot of time re-keying data and making new reports. We 'reinvented the wheel' almost every time we needed to look at the data in a new way. We're looking forward to greater efficiency through the use of the SymPro treasury management software which will eliminate the re-keying of data and referencing of multiple spreadsheets. We also wanted to provide more professional reports to our internal staff and ultimately to our Board, and we envision that the SymPro software will allow us to achieve that goal." Homan adds, "We looked at other vendors, but their products were not as well suited to our needs. The SymPro product is geared toward the requirements of public service and governmental entities."

Peter Bakonyvari, Vice-President of Sales and Marketing at SymPro, commented, "We are very pleased with WaterOne's selection of SymPro for their investment management operations. We believe the software will enhance their fixed-income portfolio management as well as establishing the foundation for integrated Treasury Management. WaterOne provides an essential service in the greater Kansas City community and we look forward to a long term relationship."

About SymPro, Inc.

SymPro provides Treasury Management Software solutions to government and corporate organizations. SymPro automates the analysis, performance tracking, compliance and financial reporting on investment, debt, and cash portfolios. SymPro software enables you to efficiently manage your portfolio and provide comprehensive, professional, and accurate reporting. More information on SymPro is available at www.sympro.com.

Note to Editors: SymPro, Inc. and the SymPro logo are marks of SymPro, Inc. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

Contacts

SymPro, Inc.
Kevin Ahlvin, 510/655-0900, ext. 221
kahlvin@sympro.com