DEMERARA MUTUAL ACQUIRE SUNSYSTEMS FINANCIALS

Georgetown, Guyana – January 23, 2004 - Savannah Computing is pleased to announce that Demerara Mutual Life Assurance Society Limited has chosen the SunSystems Financials software from Systems Union to satisfy their Financial Management Reporting at their Guyana Head Office and their Regional and International Offices.

The contract has been signed with Savannah Computing in Trinidad who is the Systems Union Caribbean distributor.

The selection was based on many stringent criteria and the system was selected on its ability to meet and exceed Demerara Mutual’s demanding requirements as well as the product’s versatility and proven reputation both locally and internationally. SunSystems Financials is also currently used at one of the premier financial institutions in Georgetown.

Savannah Computing was selected as the successful supplier on the strength of its extensive experience installing and tailoring the SunSystems Financials application at many companies throughout the Caribbean.

Selina Scarce, Accountant at Demerara Mutual comments:

"We required a reputable and reliable solution which will provide better management of our financial information and which will provide comprehensive analyses of our business units using easy to use tools with standard product interfaces. The versatility of SunSystems allowed for a more informed and accurate approach to financial reporting."

SunSystems met Demerara Mutual business requirements, which included strong reporting flexibility, ease of data import and export ability, open architecture, and support for MS/SQL Server database management system in a Windows 2000 Operating environment.

About Demerara Mutual Life Assurance Society

Demerara Mutual Life Assurance Society Limited is currently in its 113^th year of service. Demerara Mutual Life Assurance Society Limited was the first locally owned Life Insurance Company to be established in British Guiana. The Society currently has offices in 5 countries regionally, including Guyana, Grenada, St. Vincent, St. Lucia and Trinidad, and provides insurance and other related financial services to all the communities in which they operate.  The Chief Executive Officer is Mr. Keith Cholmondeley. 

Demerara Mutual Contact:
Selina Scarce
Demerara Mutual Life Assurance Society Ltd.
61-62 Avenue of the Republic & Robb Streets,
Georgetown, Guyana
Tel.: [592] 225-8991-3
E-Mail: s_scarce@demeraramutual.com 
Internet: www.demeraramutual.com 

About Systems Union

Systems Union is a leading provider of financial management and business software, support and services for mid-market and public sector organizations.  The SunSystems Financials Application is installed in over 25 leading companies in Trinidad, Barbados, Antigua and Guyana. SunSystems, available in 30 languages and with over 18,000 customer sites in 190 countries, is the leading international, mid-market financial management solution. SunSystems operates independently of database and server and runs on Microsoft Windows NT/2000 with SQL Server or Oracle, and UNIX with Oracle.  See www.sunsystems.com

About Savannah Computing Limited

Savannah Computing is a software services company based in Port of Spain, Trinidad that provides financial products and consulting services to the major financial and business sectors in the Caribbean. See www.savannahcomputing.com

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