Standard Chartered Bank Selects Equitrak(TM) as New Transfer Agent Solution

NEW YORK, January 13 - Vitech Systems Group, a leading provider of fund administration software,
announced today that Standard Chartered Bank (SCB) has selected Equitrak as a
new Transfer Agency solution. Standard Chartered will use Equitrak for
investor servicing activities associated with its multi-market Fund Services
business in Asia. SCB presently uses Equitrak for its regional private equity
and hedge fund administration offering. Following this success, SCB has
decided to extend the use of the Equitrak application to support traditional
markets commencing with Indonesia and Vietnam.

"We selected Equitrak based on the product's inherent efficient and
flexible features. Equitrak enables us to efficiently undertake Transfer
Agency, Private Equity and Hedge administration on a single platform across
multiple markets — a truly one stop integrated solution that allows us to
enhance our client experience," said Alastair Pow, Global Product Head, Fund
Services at SCB. "We have been encouraged by Vitech's willingness to support
our rapidly growing business model across our unique markets with multiple
language requirements."

Equitrak will be used by SCB for both its traditional and alternative
clients covering shareholder registration, subscription and redemption
processing, valuation maintenance, compliance monitoring, reporting and more
all in a very high volume environment.

"We are so pleased that Standard Chartered Bank has chosen Equitrak as
its new Transfer Agency Solution. This is a great endorsement from a premier
organization. Standard Chartered is a great business partner and we look
forward to a very successful implementation," said Frank Vitiello, President
of Vitech.

Equitrak is a multilingual, multi-GAAP, multi-currency, highly scalable
administration solution. Equitrak clients around the world use the software
for a diverse array of fund administration, partnership accounting and
investment management needs.

About Standard Chartered Bank

Standard Chartered PLC ranks among the top 25 companies in the FTSE-100
by market capitalisation. The London-headquartered Group has operated for
over 150 years in some of the world's most dynamic markets including Asia,
Africa and the Middle East. SCB employs more than 70,000 people. For more
information, please visit: www.standardchartered.com.

About Vitech Systems Group, Inc.

Vitech Systems Group, Inc. is a leading provider of software and services
to the alternative asset community. The company's clients include fund
sponsors, banks, institutional investors and third party administrators
across the globe. For more information about Equitrak visit www.vitechinc.com
or e-mail sales@vitechinc.com.

Jamie Vitiello, Vice President, +1-646-344-5584, sales at vitechinc.com