Cypress Software Systems Continues Rapid Market Expansion

Fort Worth, TX – (June 9, 2003) ---- Cypress Software Systems announced today that it now has clients in 15 states. The Company indicated that sales have continued to be in line with its aggressive growth plans, despite a weak economy. Stephen Sargent, President and CEO of Cypress noted, “We have enjoyed significant growth, particularly in the upper Midwestern U.S., this year. Our flagship product, Cypress Mark IV, is not only well insulated in a weak economic environment; but, we believe it to be more attractive during these times given that clients using Mark IV can better control staffing needs while, at the same time, reduce loan losses.”

The Company’s growth has, in large part, been fueled on taking business from competitors offering Internet-only solutions. Troy Anderson, Vice President of Sales and Corporate Development for Cypress, indicated, “We have seen some significant fall-out in the marketplace for Internet-driven solutions following the Internet bust. Banks are also telling us that they’re more interested in keeping private data behind their firewalls with the advent of the Gramm-Leach-Bliley Act and, more recently, the U.S. Patriot Act. This has enabled us to step in where competitors have left the space.”

The Company indicated that, through expected partnerships and additional direct sales efforts, it expects to have a presence in more the 20 states by the end of calendar 2003.

About Cypress Software Systems, LP

Headquartered in the north Texas Dallas-Fort Worth Metroplex, Cypress is a leading developer in automated credit application decisioning technologies. The Company’s Flagship product, Mark IV, is used by clients, nationwide, as a behind-the-firewall solution for quickly and consistently processing consumer loan applications. For further information on the Mark IV solution and other products, visit the company’s web site at www.go-cypress.com or contact the Cypress Sales Department at 800-394-5777.