Wins 2005 Business Champion Award

COCC RECOGNIZED BY CONNECTICUT BUSINESS GROUPS

AVON, Conn. May 31, 2006 - COCC, a leading provider of next generation technology services for financial institutions, has won two awards acknowledging its strong growth and contribution to Connecticut’s economic growth. The Avon Chamber of Commerce named COCC its “2005 Business of the Year” and the Metro Hartford Alliance named COCC one of its six “Business Champions” for 2005.

“These awards celebrate COCC’s growth and contributions to the financial health of Connecticut’s business communities over the past three years,” said Richard A. Leone, President and CEO of COCC. “We are pleased to be recognized for our achievements and look forward to further success and increased awareness in the market for financial information services.”

COCC provides complete data processing solutions to community banks and credit unions using the latest open systems. The company is one of the first financial data processors to migrate its clients from a proprietary core system to an open, relational system built on an Oracle data base. COCC has also distinguished itself with its Internet security services, end-to-end check image solutions, electronic banking, and more.

COCC received the Avon Business of the Year award at the Annual Avon Chamber of Commerce luncheon on May 24. In comments before the group, Chamber president Ron Evans acknowledged COCC’s 34 years in Avon and its workforce growth since 2002. The company will receive the Metro Hartford Alliance “Business Champion” award for companies with more than 250 employees at the Business Expo in Hartford on June 1.

The company was nominated by Murtha Cullina, LLP, on the basis of its strong revenue and employment growth. COCC has nearly doubled its revenues since 2000 when it earned $23M to 2005 when it brought in $44M. Company-wide employment increased from 240 to 307 during the same period. This past year alone, the company’s revenues increased by 10.8%.

Leone said the growth is a direct result of the company’s vision for open technology and passion for service excellence. “More important than the increases in total servicing income are the terrific client satisfaction ratings. For the past 3 years, our clients have rated us well into the excellent range,” said Leone. “I am proud of all of our employees and want to thank them all for their hard work, dedication and attitude in transforming our company into a data processing powerhouse.”

Leone added that COCC enables its clients to do more with fewer resources, to respond more decisively to regulatory examinations, and to grow their bottom line. “One client increased its assets by 54% in five years without adding to staff. Over 100 clients met their regulatory requirements for Internet security with COCC’s secure Internet services. Approximately 36 clients collectively increased their fee income by $18M this past year,” he said.

Recently, COCC signed new clients in New England, Ohio and Pennsylvania, including the largest credit union in Springfield, Massachusetts and the largest savings bank in Rhode Island.

The Metro Hartford Alliance and the Hartford Business Journal have presented the Business Champions award for the past three years at the Connecticut Business Expo in the Convention Center in Hartford. Winners must be privately held and have taken a verifiable role in making the greater Hartford area a premier place for its citizens to live, work and play.