Briefs

Toronto, Canada - December 9th, 2004

Industry competition, high redemption rates, and continuing pressure to reduce management expense ratios make growing and retaining assets under management a pressing challenge for mutual fund managers. With an uncertain market outlook impacting on fund performance, it has never been more important for fund managers to target their activities effectively to increase sales, while reducing redemption risk.

According to US industry research from the Investment Company Institute (www.ici.org), U.S. annual redemptions from stock funds are over 20%. The Investment Funds Institute of Canada (www.ific.org) has stated October net redemptions are over $50 Million. Imagine the competitive advantage for a fund organization using the power of predictive analytics to discover, predict and act on who would redeem and who would purchase significant results in the coming months.

FundGuard , a new predictive analytics solution from Angoss Software Corporation, empowers fund management sales and marketing teams to dramatically increase revenue by using advanced analytics to optimize sales channels, increase assets under management and reduce redemption risks. The result? FundGuard delivers a 6-fold increase in sales targeting effectiveness while helping fund managers predict and proactively act to mitigate redemption risk.

Eric Apps, president of Angoss says, "Being able to predict best sales opportunities and act to reverse redemption risks before the fact provides immense leverage in the market. The ROI potential for fund managers implementing FundGuard is immense."

FundGuard uses market proven Angoss predictive analytics software products, KnowledgeSTUDIO� and Mining Manager�, to deliver targeted analysis, reporting, scoring and alerting capabilities that managers and sales professionals can easily access - internally and on the road. "FundGuard brings the business value benefits of advanced analytics to fund managers without the cost and complexity of traditional approaches which are not suitable for their environments," comments Ian J. Scott, Director of Angoss Client Services. "We are providing business professionals with tools they can actually use to discover sales opportunities and flag redemption risks, so they can so what they do best - which is to drive sales growth and align their resources in a more focused way to mitigate redemptions."

For more information, visit www.angoss.com.