COCC EXPANDS CREDIT UNION FOCUS WITH CUVISION ACQUISITION

AVON, CT and PENFIELD, NY - July 31, 2003 - COCC Inc, a leading provider of open and integrated technology solutions to community financial institutions in the Northeastern US, today acquired CUVision Technologies, LLC of Penfield, New York. All 20 of CUVision's credit union clients have signed processing agreements with COCC.

"This acquisition joins two organizations with strong customer service philosophies," said COCC president and CEO, Richard A. Leone. "Our combined product lines will deliver powerful results to all of our clients and give COCC a credit union presence which we plan to grow. The acquisition further gives COCC a service location to serve client institutions in western New York, Pennsylvania and Ohio."

COCC offers a full suite of information technology, including relational core, electronic banking, check imaging, financial management and data mining solutions. These solutions will be augmented by CUVision's own Internet Banking, VRU and Document Imaging solutions. The result will be a greater range of services for every COCC and CUVision client.

"CUVision's motivation for this acquisition is to give our clients access to a suite of nationally known, state-of-the-art products and systems supported by a superior customer service organization," said CUvision owner, Todd Zerbe. "As part of COCC, our clients will gain access to a host of next generation resources, all integrated and delivered from one vendor for maximum efficiency and economy."

Zerbe explained that CUVision's Internet banking, VRU, and document archiving systems would be integrated into the COCC core system, further strengthening the overall product and improving service for both COCC and CUVision clients.

The two companies have developed similar cultures in terms of client relationships and their general approach to service. Both COCC and CUVision are completely focused on delivering information technology to community financial institutions with no other lines of business. "That's going to make all the difference in combining the two organizations," Zerbe added.

COCC has served credit unions since 1987 when GFA Federal Credit Union of Gardner, MA contracted for services with the client-owned information technology company. Prior to the CUVision acquisition, COCC serviced credit unions in the Northeast, ranging in size from 7,818 members and $62 million in assets to 91,460 members and $1 billion in assets.

Under terms of the acquisition, all CUVision employees will retain employment in COCC's service location in Penfield, NY for customer and product support. Financial terms of the agreement were not disclosed. CUVision was formerly a division of Western New York Computing Systems.