Frank Geiser named CEO of Zafin Labs AG Deutschland

Toronto ON, Canada | Jun 12, 2007

Zafin Labs, the leading provider of Customer Centricity solutions to global Financial Service Providers, is pleased to announce that Frank Geiser has been named CEO of Zafin Labs AG Deutschland, the German subsidiary of Zafin Labs. He comes to Zafin Labs with extensive management and consulting experience in financial and high-tech industries and will be heading the Company’s operations in Germany, Austria and Switzerland markets.

"I am excited to be a part of the Zafin Labs team. Our Berlin office allows us to build working partnerships with academia and businesses including consulting companies and software services as well as product companies in this exciting market" said Mr. Geiser. "Zafin Labs offers a remarkable and unique set of products and services to the financial industry, and our presence in Germany is key to changing the way customer-centric banking is conducted in Western Europe, he added."

Mr. Al Karim Somji, Chairman and CEO of Zafin Labs, said "As Zafin Labs aggressively pursues the European market, we are very pleased that Frank has joined our world-class team. His rich experience in the Banking and Financial services market as well as German industry, gives us a head start. His wealth of experience in consulting and management will certainly help establish Zafin Lab as a premium provider of innovative solutions to financial institutions in relationship based pricing."

Before joining Zafin Labs, Mr. Geiser held a senior managerial post with Communicant Semiconductor Technologies AG in Germany. He brings a wealth of legal, business and academic experience, having served as a board member of Gist; a member of the Association for Banking Law and the Academic Association for Banking Law in Frankfurt. He was a member the Berlin/Brandenburg Working Forum For Insolvency Law and was a principal founder of Geiser and von Oppen, which specialized in the creation and reorganization of companies in the regenerative energy, communication, automotive and infrastructure industries.

About Zafin Labs

Zafin Labs provides solutions that enable "Customer Centricity" with a focus on revenue generation and recognition, catering exclusively to global financial service providers. Zafin Labs' miRevenue product suite enables loyalty management, dynamic relationship pricing and revenue capture capabilities with complete transparency and compliance. Zafin Labs miRevenue suite has been recognized by industry leaders for its innovative capabilities, including FT –The Banker technology award. Zafin Labs has offices in Canada, Germany, Dubai, and India. For more information please visit us at www.Zafinlabs.com