ASSET Technology expands its global presence with the opening of Dubai office.

DUBAI, —April 25, 2004— ASSET Technology, the leading provider of Enterprise Document and Content Management solutions in the Middle East, announced its presence in the Gulf area with the opening of its new office, ASSET Gulf in Dubai, United Arab of Emirates. The new office is based in Dubai Internet City and will function as the head office for ASSET’s operation in the Gulf region. Through its Marketing and Management operations, ASSET will reinforce its presence in the region to better serve its partners and customers in GCC and Gulf countries.

“Our strategy is to continue to expand our customer base within the Government, Insurance and Financial sectors in the Gulf market. Our new office will enable us to get closer to major institutions and strategic partners, helping our customers make easier decisions based on their confidence in ASSET’s commitment, existence and dedication” Essam El Badri, Managing Director at ASSET Technology Group.

Our new office will work very closely with partners in the region to provide presales services, offer second line of support to our customers and get more accurate feedback about the market and our products as well as competition.