Shaw's Collections Application Named One of the Top 100 Collection Technology Products During Tech '06 in Las Vegas

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LAS VEGAS, Nev. (Dec. 7, 2006) - Collection Advisor magazine announced its selection of the Top 100 Collection Technology Products for 2006. The announcement was made by Harry A. Strausser III, president of Remit Corporation in Bloomsburg, Pa., former chair of the ACA and emcee of Tech '06.

This is the second year the magazine bestowed an honor of this kind on products and services in the collection industry, and was a highlight of TECH '06, an educational forum for the collection profession sponsored by the magazine.

The Top 100 were selected through 13 categories by the magazine's editors based on reviews conducted over the past year, as well as reader response and feedback. The comprehensive list will be featured in the magazine's January/February 2007 issue, along with a companion story honoring the Top 50 Most Influential Collection Professionals for 2006.

COLLECTIONS is a sophisticated first-party, customer-centric collections application designed for banks, credit unions, finance companies, utilities, and other financial institutions. This full-featured product accommodates loans, leases, lines of credit, DDA, credit cards, student loans, mortgages, and other overdue accounts. Complex risk management strategies and business processes are managed at any phase of the account life cycle via integrated features and flexibility.

COLLECTIONS is ideal for both large operations with millions of loans and hundreds of collectors, and smaller shops with several thousand loans and a handful of collectors. COLLECTIONS streamlines the entire collection process by providing managers with control from start to finish, maximizing the effectiveness of collectors and ensuring compliance to company standards.


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CIT Group Licenses Shaw's COMMERCIAL Product

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HOUSTON (May 11, 2006) - Shaw Systems Associates, Inc., a leading provider of business solutions to the lending industry, announced that CIT Group has licensed Shaw's COMMERCIAL product to support its centralized loan accounting functions.

CIT Group will deploy Shaw's COMMERCIAL solution in its Commercial Loan Operations area to achieve enhanced operational features, improved efficiencies, and a reduction in operating costs. The product will enable CIT to leverage automation around common daily tasks including some which are manual today. This enterprise solution will also better position the company for growth.

COMMERCIAL will provide CIT Group with the ability to meet the following goals: - Define a single technology platform to support the business objectives of the organization - Improve their ability to service customers - Leveraging technology to achieve a competitive advantage - Data availability to the commercial Data Mart to support end-to-end portfolio analysis - Improve operational efficiencies - Reduce overall operational costs

COMMERCIAL is a comprehensive and flexible lending system that supports all types of commercial loans products. Some of these include: Commercial, Bankers' Acceptances, Construction, Participations, Syndications, Commitments, Escrow, Mortgage, Leases, Foreign Currency, Tax Exempt, SBA, Non-performing, Letters of Credit, Floor Plan, and Commercial Finance. COMMERCIAL offers a broad array of features to allow financial institutions to quickly introduce new products and adapt existing ones.

About CIT Group
CIT Small Business Lending Corporation is the nation's leading provider of Small Business Administration loans. They take an innovative and service-oriented approach to funding the business initiatives of entrepreneurs in many diverse markets, including physicians, veterinarians, dentists, franchises, hospitality, early childhood education centers, assisted living facilities, funeral homes and convenience stores. They offer programs for commercial real estate, business succession, acquisition and franchises.


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Business Loan Express Licenses Shaw's COMMERCIAL and COLLECTIONS Software

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HOUSTON (April 27, 2006) - Shaw Systems Associates, Inc., a leading provider of business solutions to the lending industry, announced that Business Loan Express LLC, (BLX) has licensed Shaw's COMMERCIAL and COLLECTIONS products to support its loan accounting, collections, and customer service functions.

BLX will deploy Shaw's COMMERCIAL and COLLECTIONS solutions in its Loan Operations area to enhance operational business objectives. Shaw Systems' enterprise solutions will also better position the company for growth.

"While we've selected Shaw based on its features and technical merits, it's nice to work with quality people whenever possible," said BLX's Vice President, Accounting/Finance.

COMMERCIAL will provide BLX with the ability to meet the following goals:

• Significantly reduce manual activities
• Reduce operating costs
• Leverage automation and workflow
• Improve ability to service customers
• Leverage technology to achieve a competitive advantage
• Provide enterprise reporting and portfolio analysis

COMMERCIAL is a comprehensive and flexible lending system that supports all types of commercial loan products, including Commercial, Bankers' Acceptances, Construction, Participations, Syndications, Commitments, Escrow, Mortgage, Leases, Foreign Currency, Tax Exempt, SBA, Non-performing, Letters of Credit, Floor Plan, and Commercial Finance. The product offers a broad array of features to allow financial institutions to quickly introduce new products and adapt existing ones.

COLLECTIONS will provide BLX with the ability to meet the following goals:

• Use improved modeling and predictive analytics to measure and respond to account activities
• Focus on a more customer-centric business environment
• Leverage sophisticated workflow and business process management tools
• Execute management-defined operational needs
• Provide world-class user and portfolio reporting

"With recent changes in the economy, new consumer technology, and increased competition in the maturing lending market, managing accounts receivables is becoming more of a challenge," said Mike Moore, Shaw's Senior Account Executive. " Lenders are seeing an increase in delinquent dollars and customer attrition, while there has been a decrease in new accounts and applications. This increasing trend is making it more critical that companies become innovative in their approach to collections and recovery."

COLLECTIONS is an enterprise solution with significant market penetration. This solution is well documented and designed to be implemented quickly. Client resources find the system easy to use and administer. Shaw provides features for easily customizing the system, including over 1,000 user-defined fields and comprehensive workflow tools. Other user-defined features include screens, activities, queues, real-time statistics, and correspondence. The system is parameter-driven so users can customize the way the system processes account information. All of the controls are real-time and can be updated immediately, a vital feature in today's rapidly changing financial environment.

About Business Loan Express
Business Loan Express LLC, (BLX) headquartered in New York, NY, is a non-bank financial services company specializing in making long term loans to small businesses and professionals for a variety of business and commercial purposes utilizing both Small Business Administration (SBA) and non-SBA (Conventional) loan programs. BLX is a licensed participant in the US Small Business Administration's 7(a) loan program and is a nationwide SBA Preferred Lender. BLX services a portfolio in excess of 3,300 loans totaling over $2.4 billion.


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Ohio Savings Bank Selects Shaw's COLLECTIONS Solution

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HOUSTON (Jan. 17, 2006) - Shaw Systems Associates, Inc., a leading provider of lending solutions for financial institutions, announced that Ohio Savings Bank has selected the COLLECTIONS application to support the collection efforts of the company's banking divisions.

Both organizations extended much effort to define the opportunities for improved operational control. A very competitive environment yielded a solution which met corporate priorities.

Ohio Savings Bank required a product that would help them achieve the following goals:

• Implement an enterprise Collection solution to execute management-defined operational needs
• Focus on a more customer-centric business environment
• Leverage and implement sophisticated collections and recovery workflow processes
• Increase efficiency and productivity measurements via comprehensive business planning and automation

An integral part of COLLECTIONS is the way it facilitates emerging management strategies and processes. "With the general increase in delinquency, it is becoming more important for companies, including our COLLECTIONS clients, to ensure that they are proactive in treating delinquency. Using improved modeling to target high risk, current, and early stage delinquency accounts, companies can proactively work with their customers to provide treatment remedies," said Michael Moore, Shaw Systems' Senior Account Executive.

About Ohio Savings Bank
Founded in Cleveland in 1889, Ohio Savings Bank has grown to nearly $16 billion in assets and is one of the 20 largest mortgage lenders in the United States.


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Shaw Named to Collection Advisor Magazine's List of Top 100 Collection Technology Products for 2005

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Las Vegas, Nev. (Nov. 17, 2005) - Collection Advisor magazine today announced its selection of the Top 100 Collection Technology Products for 2005. The announcement was made by Harry A. Strausser III, president of Remit Corporation in Bloomsburg, Pa., former chair of the ACA and emcee of the CAT Expo.

This is the first year the magazine bestowed an honor of this kind on products and services in the collections industry, and was a highlight of CAT Expo, an educational forum for the collections profession sponsored by the magazine.

"All of the companies honored as the Top 100 Collection Technology Products represent not only market leaders, but smaller, niche companies who present true innovation and insight within the industry," says Editor/Publisher T. Allen Rose. "On behalf of the magazine, we are very pleased to bestow this honor on these very worthy companies."

The Top 100 Collection Technology products are spread across 13 categories, including Commercial, Small Office, Mid-Range and High-End Collection Software; Scoring; Legal; Medical; Banking; Mailing Services; Electronic Payment; Skip Tracing; Predictive Dialers; and Interactive Voice Response. The comprehensive list will be featured in the magazine's January/February 2006 issue, along with a companion story honoring the Top 50 Most Influential Collection Professionals for 2005 - another "first" honor of its kind for the profession.

About Collection Advisor magazine
Collection Advisor magazine is a national, bimonthly publication addressing collection management and technology in the profession. Each issue includes features and news about collection operations in companies and at agencies, reviews of software systems and collection tools, and opinion columns by many of the profession's most influential experts. It now is in its fifth year of publication.

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Shaw Systems Donates Nearly $10,000 to the Salvation Army's Emergency Response to Hurricanes Katrina & Rita

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HOUSTON (Nov. 3, 2005) - Shaw Systems Associates Inc., the leading provider of business solutions to the lending industry, announced that the company and its employees donated almost $10,000 to The Salvation Army for Hurricane Katrina and Rita relief.

Houston employees also donated about $1,000 in food to the Houston Food Bank, and toys and personal items were given to area churches. Several employees volunteered their time at the George R. Brown Convention Center and local church shelters. "We at Shaw Systems chose to donate to The Salvation Army because 98 cents of every dollar goes to their humanitarian efforts," said Roy G. Shaw, Jr., Chairman of Shaw Systems Associates, Inc. "Our employees recognized the urgent need of the victims of Hurricanes Katrina and Rita, and I salute their generosity and kindness."

About The Salvation Army
Whether it be a local incident or a major disaster, Salvation Army staff and volunteers are often the first on the scene and the last to depart, honoring a century-old commitment to serve those in need, at the time of need, and at the place of need. The red shield continues to be a beacon of compassion; of immediate aid, psychological support and spiritual counsel to individuals and families whose lives have been disrupted or shattered by forces beyond their control. For more information on the Salvation Army's hurricane relief efforts, go to www.salvationarmy.org .

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Central Bancompany Selects Shaw's COMMERCIAL Loan Servicing Solution

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HOUSTON (July 22, 2005) - Shaw Systems Associates, Inc., a leading provider of lending solutions for financial institutions, announced that Central Bancompany has selected Shaw's COMMERCIAL application to process the bank's growing commercial loan portfolio.

Central Bancompany, based in Jefferson City, Missouri, wanted a commercial loan accounting software solution that offered the following functionality:

• Advanced features, functions, and capabilities which meet dynamic business needs
• A leading solution with annual enhancements and support for regulatory changes
• A solution for improving efficiencies and reducing costs
• Flexibility in defining products, fees, services, and reports
• A solution to meet reduced operational and technical support requirements
• A sophisticated database and reporting structure

Bob Boeckman, Senior Vice President and Manager of Information Systems at Central Bancompany, said, "We conducted a thorough search for a flexible solution that would best support the loan products and services of Central Bancompany and its thirteen affiliate banks. We found that solution, and more, in Shaw's COMMERCIAL product."

COMMERCIAL is the leading commercial loan servicing application that provides complete operations and reporting. Functionality includes loan, commitment, participation, shadow note, and full fee processing. COMMERCIAL combines ease of use and flexibility with an institution's commercial loan offerings to provide accurate, dependable information for reporting and interfaces.

About Central Bancompany
Central Missouri Trust Company was founded in 1902. Renamed Central Bank in 1987, parent company Central Bancompany, Inc. was formed in 1970 as a holding company of banks in the state of Missouri, currently operating 13 banks with nearly $7 billion in assets and headquarters in Jefferson City.

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Australia's Sixth-Largest Bank Selects Shaw's COLLECTIONS Software

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HOUSTON (July 19, 2005)- Shaw Systems Associates, Inc., a leading provider of lending solutions for financial institutions, announced that Suncorp, based in Brisbane, Queensland, Australia, has selected Shaw's COLLECTIONS product to manage its collection processing for both its retail and business banking divisions.

COLLECTIONS will improve Suncorp's ability to provide support for multiple collection teams and multiple products, such as loans, mortgages, leases, and credit cards. In addition, Shaw's solution will enable Suncorp to decrease losses, improve collections strategies, and streamline business processes.

Suncorp has accounts residing in multiple systems on different platforms. The bank intends to run COLLECTIONS integrated with data from each source. Account data will be available company-wide via Shaw's centralized data store. Suncorp is also making use of sophisticated reporting structures as well as integration with dialer and external letter generation services.

"Unique to COLLECTIONS is its ability to deploy strategies at both product and customer levels," said Michael Richmond, Senior IT Consultant for Suncorp. "Suncorp is able to leverage Shaw's sophisticated Business Process Management features, achieving considerable return on investment and improved management of risk."

COLLECTIONS streamlines the entire collection process and increases collector productivity. The product places extensive amounts of organized account information at a collector's fingertips. Management can control the collection process from start to finish, maximizing the effectiveness of collectors and ensuring compliance to company standards. In addition, COLLECTIONS manages complex risk management strategies and business processes at any phase of the account life cycle via integrated features and flexibility.

About Suncorp
The Suncorp Group is one of Australia's leaders in banking, insurance, and investment. The Group focuses on retail consumers and small to medium business. Suncorp-Metway Ltd is one of Australia's top 20 companies and is Queensland's biggest corporation with a market value of around $10.9 billion. The Suncorp Group is Australia's sixth-largest bank and fourth-biggest general insurance group. Customers have access to 172 Suncorp retail outlets, including branches and agencies and 57 business banking outlets, predominantly in Queensland.

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Frost Bank Installs Shaw's RECOVERY Software

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HOUSTON (July 14, 2005) - Frost Bank of San Antonio, Texas, has installed Shaw's RECOVERY product to provide accounting and collections functionality for charged-off loans, leases, and other credit obligations.

Shaw Systems' fully-integrated solution sets the standard for the recovery of bad debt. RECOVERY provides sophisticated features for focusing on vital needs which occur in the later periods of receivables management.

RECOVERY provides Frost Bank with a powerful solution to handle complex loans involving issues such as multiple borrowers, various kinds of collateral, and complicated terms. In addition, RECOVERY allows Frost to share data with outside debt collectors and manage the business process involved in debt recovery.

RECOVERY is integrated with Fair Isaac Blaze Advisor rules management technology to provide full Business Process Management capabilities, including workflow, variable screens, queuing, document processing, vendor assignment, user-defined data entry forms, process wizards, and transaction ticklers. RECOVERY can move accounts to users for review based on events occurring in the system and route accounts to the appropriate user groups as needed. Activities requiring work from multiple groups will be sent to those queues in parallel, when possible, and sequenced as needed.

Frost also uses Shaw's RETAIL, COMMERCIAL, and COLLECTIONS products.

About Frost Bank
Cullen/Frost Bankers, Inc. is a San Antonio-based financial holding company with assets of $10 billion. The corporation provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products, and investment banking services. Its subsidiary, Frost Bank, operates 78 financial centers across Texas. Founded in 1868, Frost is the largest national bank based in Texas.

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OmniAmerican Credit Union Selects Shaw's COLLECTIONS Solution

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HOUSTON (May 31, 2005) - Shaw Systems Associates, Inc., a leading provider of lending solutions for financial institutions, announced that OmniAmerican Credit Union has signed an agreement to implement Shaw's COLLECTIONS product.

COLLECTIONS provides a solution that will allow OmniAmerican to reduce its cost of operations, delinquencies, and write-offs while increasing collector productivity and member service levels. Full real-time integration, robust end user reporting, and ease of use were important selection criteria for OmniAmerican in its search for a solution. Bob Duffy, Assistant Vice President of Special Accounts for OmniAmerican, said, "The collections system is paramount to the success of our lending strategies, so it needed to be a robust and complete solution that encompasses current and future lending needs. Shaw's product exceeded our criteria."

COLLECTIONS will help OmniAmerican achieve the following primary goals:

• Streamline cumbersome processes such as repossession and bankruptcy
• Implement a collector productivity measurement program using very reliable data and tracking data on the hour, day, weekly and monthly level
• Segmentation of the collection portfolios to meet the needs of higher risk business
• Provide a one-screen, one-stop presentation for collection/relationship information to collectors
• Improve management reports to allow for easy tracking of numerous statistics by product, risk, or any other options determined necessary
• Automated collection letter process that requires as little collector interaction as possible
• Systematic set-up of workflow processing for collection staff to ensure the meeting of governmental and company policy
• Consolidation of OmniAmerican's repossession, bankruptcy, and credit card collections with their consumer, mortgage, bad debt, and commercial collections into one all-encompassing system.

About OmniAmerican Credit Union
OmniAmerican Credit Union was established in 1956 and provides financial products and services to hundreds of thousands of members worldwide. With 16 full-service offices throughout the Dallas/Fort Worth Metroplex, OmniAmerican serves Dallas, Denton, Hood, Johnson, Parker, Tarrant and Wise counties. Reporting assets under management approaching $1.5 billion, OmniAmerican is state chartered, federally insured and one of the nation's largest and most financially sound credit unions.

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Alaska USA Federal Credit Union Selects Shaw's RECOVERY Product

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HOUSTON (May 17, 2005) - Shaw Systems Associates, Inc., a leading provider of lending solutions for financial institutions, announced that Alaska USA Federal Credit Union has selected Shaw's RECOVERY product to enhance productivity, financial performance, and customer service.

Alaska USA needed a first-party collection and recovery system to exchange debtor data across product lines and perform analytical decision-making. The software had to handle pre- and post-charge off accounts, and have both internal and external empirical scorecard capabilities to determine dollars at risk and assign accounts appropriately to individual collectors or strategies. Another requirement was the capability of tracking product lines, including all types of consumer, commercial and deposit accounts, accounting for conditions of all adverse actions to include but not limited to bankruptcy, repossession, and attorney or agency referrals.

Mark H. Lurtsema, Manager of Distributed Applications at Alaska USA, said that the credit union found the desired attributes in Shaw's RECOVERY product. "Implementation of Shaw's RECOVERY product represents a critical investment that will position Alaska USA by improving collections efficiency and enhancing member relations," he said.

The credit union expects to double or triple its current lending volume during the next three years. This will result in a similar increase in collection volume and staffing. Additionally, Alaska USA has created a new Commercial Services Division, which will add increased demand to the collection function for both commercial loans and overdrawn deposit accounts.


About Alaska USA Federal Credit Union
Alaska USA Federal Credit Union is a not-for-profit, member-owned, financial services cooperative. Established in 1948, Alaska USA provides service to more than 271,000 members worldwide through an extensive Member Service Network consisting of 33 branches in Alaska and 12 in Washington State. Alaska USA is the primary provider of consumer credit in Alaska.

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Nationwide Acceptance Corporation Licenses Shaw's COLLECTIONS Software

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HOUSTON (May 3, 2005) - Shaw Systems Associates, Inc., a leading provider of lending solutions for financial institutions, announced that Nationwide Acceptance Corporation has signed a software license agreement to implement its COLLECTIONS product.

The selection of Shaw Systems' COLLECTIONS solution supports their future plans for growth with vastly flexible and dependable cutting-edge technology. Like most Shaw customers, they are committed to investing in innovative customer-centric solutions which ensure significant return on investment while enhancing risk management capabilities.

COLLECTIONS' flexible design allows different companies within a parent organization or even different departments to adapt the system to their specific needs without programming changes. Managers control the collection process from start to finish, maximizing the effectiveness of collectors and ensuring compliance to company standards.

The Business Process Management (BPM) module within COLLECTIONS facilitates workflow automation and streamlines internal and external processes, which include account selection, data-entry/tracking, document processing, vendor assignment, account follow-up, and workflow. In addition, BPM enables organizations to map and automate specific business processes such as those related to repossession, bankruptcy, insurance tracking, and skip tracing. BPM transforms a business process into an automated process.

About Nationwide Acceptance Corporation
Nationwide Acceptance Corporation is comprised of a group of companies that has been providing quality financial services to consumers and businesses since 1954, and is today one of the largest independently-owned finance companies in the nation. The organization has a consistent record of growth and innovation and is one of the most reputable and reliable independent sub-prime auto lenders in the country. Their businesses includes personal loans, automobile retail sales financing and collection services. They now serve customers in seventeen states and employ over 160 people through seven companies.

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TD Banknorth Selects Shaw's COMMERCIAL Loan Servicing Software

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HOUSTON (April 27, 2005) - Shaw Systems Associates, Inc., a leading provider of business solutions to the lending industry, announced that TD Banknorth has licensed Shaw's COMMERCIAL product to support its centralized loan accounting functions.

TD Banknorth will deploy Shaw's COMMERCIAL solution in its Commercial Loan Operations area to achieve enhanced system functionality, operational efficiency, and reduced operating costs. The product will enable the bank to automate manual processes such as rate changes, reamortization, and payment processing. In addition, Shaw's solution will help TD Banknorth accommodate anticipated portfolio growth through acquisitions. Implementing COMMERCIAL will also provide Basel II compliance within required regulatory time frames.

COMMERCIAL will provide TD Banknorth with the following improved automation and operational efficiencies:

• Automation of manually tracked loan adjustments and modifications
• Real-time interfaces with the origination system
• Improved loan accounting functions to support a wide variety of commercial lending projects
• Data availability to the commercial Data Mart to support end-to-end portfolio analysis
• Effective procedure-based workflow documentation.

"The relationship with the vendor is most important, and we were as impressed with Shaw's associates as we were with their product offering," said Charlie Roux Sr., TD Banknorth's Senior Vice President, Commercial Loan Operations.

COMMERCIAL combines ease-of-use and flexibility with an institution's commercial loan offerings to create a complete loan servicing solution, whether for servicing large commercial credits or commercial real estate.

About TD Banknorth
TD Banknorth Inc. is a banking and financial services company headquartered in Portland, Maine, with banking divisions in six Northeastern states. Based on consolidated assets, TD Banknorth Inc. is one of the 30 largest commercial banking organizations in the United States. TD Banknorth, N.A. provides a full line of retail and commercial products services for customers in Connecticut, Maine, Massachusetts, New Hampshire, New York and Vermont.

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